Cardinal Midstream Partners
Date | Investors | Amount | Round |
---|---|---|---|
$200m | Growth Equity non VC | ||
$250m | Growth Equity non VC | ||
* | $300m | Growth Equity non VC | |
Total Funding | - |
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Recent News about Cardinal Midstream Partners
EditCardinal Midstream Partners operates in the energy midstream sector, specializing in natural gas gathering, processing, and carbon capture and sequestration (CCS). The company serves upstream natural gas producers by providing essential midstream infrastructure that supports the efficient and clean delivery of natural gas. Operating primarily in the United States, Cardinal Midstream Partners leverages a hybrid approach to build an asset-based midstream platform. This approach not only focuses on traditional natural gas services but also integrates innovative carbon capture solutions to address environmental concerns.
The business model revolves around developing and managing midstream assets that facilitate the transportation and processing of natural gas. Revenue is generated through long-term contracts with natural gas producers, ensuring a stable and recurring income stream. The company is financially backed by a $300 million initial commitment from Encap Flatrock Midstream, providing a strong financial foundation for growth and expansion.
Cardinal Midstream Partners is committed to operating with trust, integrity, and a focus on continuous improvement. The company aims to be a key player in the energy solution landscape by promoting the use of clean-burning natural gas and implementing carbon capture technologies.
Keywords: natural gas, midstream, gathering, processing, carbon capture, sequestration, infrastructure, energy, hybrid approach, Encap Flatrock.