Kinder Morgan, Inc., a prominent player in the oil and gas transportation and storage industry, has received a Buy recommendation from UBS.
The company's primary source of revenue comes from its natural gas operations, which account for 59.7% of its total sales. Additionally, Kinder Morgan generates 20% of its sales from transporting and storing various petroleum products and bulk materials, such as fuel, coal, and chemicals. The company is also involved in transporting refined petroleum products, contributing 12.5% to its net sales. Furthermore, Kinder Morgan has a notable presence in the carbon dioxide market, which represents 7.8% of its revenue.
It is worth mentioning that the company is engaged in crude oil production in the Permian Basin, located in West Texas. Notably, almost all of Kinder Morgan's net sales, 99.5%, are generated within the United States, highlighting its strong focus on the domestic energy sector.