Midday Movers: The big Apple app crash, smartphone demise, hedge funds under pressure, and the war on cash
Midday Movers: The big Apple app crash, smartphone demise, hedge funds under pressure, and the war on cash
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(Reuters) -Pipeline and terminal operator Kinder Morgan on Wednesday reaffirmed its annual profit outlook and said it expects demand for natural gas to grow substantially between now and 2030. The company, which operates about 79,000 miles of pipelines, said it is banking on growth in electric demand primarily driven by demand from new and expanding data centers, especially those required to support AI. Houston, Texas-based Kinder Morgan had said in January it continues to have a bullish outlook for natural gas demand due to demand from LNG export facilities and increased exports from Mexico.
Reuters•