5 Biggest Midstream Companies Heading Into 2023

4. Kinder Morgan, Inc. (NYSE:KMI)

Market Capitalization as of November 12, 2022: $42 billion

Kinder Morgan, Inc. (NYSE:KMI) is one of the largest midstream companies in the U.S. It transports natural gas, crude oil, and refined products. The firm is based in Houston, Texas.

Kinder Morgan, Inc. (NYSE:KMI) operates 63% of its contracts on a take or pay basis, which ensures that even if its facilities are left unused, the firm is still paid by the client. Additionally, the firm is responsible for moving roughly half of the liquefied natural gas (LNG) that is exported out of the U.S.

Kinder Morgan, Inc. (NYSE:KMI) has a $42 billion market capitalization and a 5.94% dividend yield through a 28 cent dividend.

William B. Gray’s Orbis Investment Management is Kinder Morgan, Inc. (NYSE:KMI)’s largest investor. It owns 21 million shares that are worth $363 million.