Key Takeaways KMI's project backlog rose from $8.8B to $9.3B in Q2, driven by strong demand for its midstream services.New $1.3B projects include Trident Phase 2 and Texas Access, backed by long-term LNG demand.Natural gas demand from data centers and population growth supports nearly half of KMI's backlog.Kinder Morgan Inc. (KMI) , a leading midstream energy company, has seen a surge in its project backlog in the June quarter of 2025. The backlog grew to $9.3 billion from $8.8 billion, reflecting strong de ...