Kinder Morgan (NYSE:KMI) has undergone a dramatic transformation over the past decade. The most notable change is that the company has significantly improved its financial profile in recent years, which positions it to capture opportunities it sees up ahead. One of the biggest is building new natural gas infrastructure in light of the outlook that the industry needs to invest more than $400 billion into expanding to meet forecasted demand growth over the next two decades. Because of that, investors can expect Kinder Morgan to be even more of a natural gas pipeline-focused company in 10 years....

...Meanwhile, natural gas production in places like the Permian Basin, the Haynesville Shale, and the Marcellus Shale is expected to rise 40% in the next decade. As that happens, the industry will need to build additional pipeline capacity to move that production to end markets. For example, the company has already started talking about the potential to construct a third large-scale pipeline out of the Permian and could build even more pipelines in that region as well as expand existing ones to serve the anticipated production growth coming from the area.

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