Kinder Morgan Inc at Sanford C Bernstein Strategic Decisions Conference Transcript
Thanks for joining us today. I'm Jean Ann Salisbury. I cover natural gas and midstream at Bernstein. I am joined by Kim Dang, the incoming CEO of Kinder Morgan. Kim is going to make some opening remarks, and then we will go into Q&A. I have some questions that I'm excited to ask him. And then you can also ask questions via the Pigeonhole app, which there's a QR code here if you're interested in putting those in. So without further ado, I'll let him take over here. Thank you.
Okay, I'll just sit here if that's okay. So just a few things about Kinder Morgan before we get started to give people a little bit of context.
We are a U.S. infrastructure company. We own pipelines and terminals primarily. We typically don't own the commodity. We provide logistics services on a fee-for-service basis. And right now, about 61% of our cash flow of our EBITDA comes from take-or-pay contracts, meaning that
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