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Kinder Morgan (NYSE: KMI) Stock Rises as It Ditches MLP Structure to Make Energy Giant
Richard D. Kinder, the Houston billionaire behind the Kinder Morgan Inc. (NYSE: KMI) empire, announced late Sunday he is combining his pipeline offshoots under one roof. KMI stock soared on the news 15% intraday to a 52-week high of $42.49.
Richard D. Kinder, the Houston billionaire behind the Kinder Morgan Inc. (NYSE: KMI) empire, announced late Sunday he is combining his pipeline offshoots under one roof. KMI stock soared on the news 15% intraday to a 52-week high of $42.49.