Kinder Morgan Acquires NextEra Energy Partners' South Texas Assets (STX Midstream)
December 28, 2023
Kinder Morgan closed its previously announced $1.815 billion acquisition of NextEra Energy Partners' South Texas assets (STX Midstream), acquiring majority interests in multiple natural gas pipelines including a 90% interest in the NET Mexico pipeline and a 50% interest in Dos Caminos LLC. The assets expand Kinder Morgan's South Texas footprint and provide greater connectivity to LNG, Mexico export and Gulf Coast power and industrial markets.
- Buyers
- Kinder Morgan, Inc.
- Targets
- STX Midstream (NextEra Energy Partners' South Texas assets), NET Mexico pipeline (90% interest), Eagle Ford Midstream, Dos Caminos LLC (50% interest)
- Sellers
- NextEra Energy Partners
- Industry
- Oil & Gas
- Location
- Texas, United States
- Transaction Type
- Buyout
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