Kinder Morgan also took a non-cash impairment charge of $950 million in the first quarter related to certain oil and gas producing assets in its CO2 unit. “Sharp declines in both commodity prices and refined product demand in the wake of the COVID-19 pandemic clearly affected our business and will continue to do so in the near term,” Kinder Morgan President Kim Dang said. The Houston-based company, which has pipelines as well as storage terminals, reported a net loss attributable of $306 million or 14 cents per share, in the first quarter ended March 31, compared to a …read more
Source:: Yahoo Finance
