“We are pleased to have completed this strategic acquisition and to start integrating these assets with our existing Hiland gas footprint,” said KMI Natural Gas Midstream President Tom Dender. “This acquisition expands our transportation and processing services, allowing us to meet the growing needs of our customers.”
KMI expects the acquisition to be immediately accretive to its shareholders, with a 2025 Adjusted EBITDA multiple of approximately 8 times on a full-year basis. Adjusted EBITDA does not include approximately US$20 million of expected cash payments in 2025 that receive deferred revenue recognition. With this transaction, KMI expects to reduce future capital expenditures needed to accommodate the growth of its existing Bakken customers.
Read the latest issue of World Pipelines magazine for pipeline news, project stories, industry insight and technical articles.
World Pipelines’ February 2025 issue
The February 2025 issue of World Pipelines includes a keynote section on digitalisation, outlining how to confront cybersecurity challenges in pipeline operations. This issue also features a Q&A on inline inspection, a pipeline machinery focus, and technical articles on construction, flow measurement, weld inspection technology, remote operation, and systems and software.
