VanEck Morningstar Wide Moat ETF (MOAT)

Kinder Morgan Inc. is one of the largest natural gas transmission and storage companies in North America. After going private in May 2007, it went public again in February 2011 via a $3.3 billion initial public offering. Following a late 2014 consolidation of its former operating entities, Kinder Morgan Energy Partners LP, Kinder Morgan Management, and El Paso Pipeline Partners LP, the newly consolidated company no longer has a master limited partnership structure, under which the former limited partners paid incentive distribution rights to KMI as their general partner. Through its various operating businesses, KMI operates a diverse set of assets, including 78,000 miles of pipelines and 180 terminals. Its pipelines transport natural gas, refined petroleum products, crude oil, carbon dioxide, and other products, and its terminals store products such as petroleum, chemicals, ethanol, coal, coke, and steel. In addition, the company is a leading provider of carbon dioxide, which is used for enhanced oil recovery projects in North America. KMI also owns a 20% equity interest in NGPL PipeCo LLC, a major interstate natural gas pipeline and storage system. Kinder Morgan is a component of the S&P 500 and has 11,028 employees.

The major indices are higher at midday as earnings reports continue to pour in. Tech headliners this week include Alphabet, Amazon, and Microsoft. Crude oil is rising again and is at $101 per barrel. The yield on the 10-year note is falling and currently is at 4.97%.

The major indices are higher at midday as earnings reports continue to pour in. Tech headliners this week include Alphabet, Amazon, and Microsoft. Crude oil is rising again and is at $101 per barrel. The yield on the 10-year note is falling and currently is at 4.97%.

Chicago-based United Airlines is a major US network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, Newark, and Washington, D.C. United operates a hub-and-spoke route network that is more focused on international and long-haul travel, especially across the Pacific, than its large US peers.