Investor attention has been focused on the energy sector this year due to rising oil prices and rebounding demand. Industry tailwinds favor Kinder Morgan The latest quarter’s financial performance of NYSE: However, we think KMI’s near-term prospects look uncertain given the continued spread of the COVID-19 Delta variant, which could hinder future energy demand. Let’s discuss.Operating as one of the largest energy infrastructure companies in North America, Kinder Morgan (KMI), in Houston, Tex., transports natural gas, gasoline, , carbon dioxide (CO2), and more through its pipelines. The company’s terminals store and handle petroleum products, chemicals, and other products. KMI has an interest or is operating approximately 83,000 miles worth of pipelines and the 144 terminals.

KMI has seen a price increase of 46.4% over the last year, and 35.7% since its beginning trading at $17.85. KMI trades above its 200-day and 50-day moving averages. The rebounding fuel consumption and record energy price levels can explain this optimism.

The pipeline operator has seen a significant increase in fuel demand due to the rebound. KMI’s gasoline volumes jumped 9%, while its jet fuel volumes surged 56% for the third quarter. KMI’s pipeline volumes have increased due to a rise in liquefied gas exports, primarily to Europe and Asia. The growing demand for natural gas worldwide continues to be a benefit. Steve Kean, Chief Executive Officer said that our assets are well-placed to service growing domestic markets as well as export destinations for LNG and Mexico. KMI saw a better than expected quarter-end revenue growth.

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