US pipeline operators sink revenue growth into expansion

09/02/2013
US pipeline operators used rising revenues to grow their systems and expanded plans for future growth. Oil pipeline operators' revenues surged in 2012, allowing carriers to aggressively expand their property while at the same time pocketing record profits. Natural gas pipeline operators, meanwhile, saw net income slide despite increased revenue, but greatly increased their construction plans. The growth in planned construction reversed a 3-year trend in which planned mileage contracted each year and reflects the renewed confidence in the domestic US oil and gas sector. The resulting increased demand for the resources necessary to build pipelines, however, caused construction costs to incr...
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