7.6.3.2Vertical
Interstate Gas Pipeline Operators
FERC-regulated interstate natural gas pipeline operators.
Market snapshot
These figures describe Natural Gas Pipelines & Compression (7.6.3), the segment that Interstate Gas Pipeline Operators sits within — not Interstate Gas Pipeline Operators on its own.
- Market size
- ~$38B
- Growth
- ~6.9%CAGR (2017–22, nominal)
- Companies
- ~2,000
FragmentationConsolidatedEstimate
U.S. Census Bureau 2022 CBP/Economic Census, NAICS 486210 (pipeline transportation of natural gas) — fee-based transportation revenue (distinct from the value of the gas itself).
Business model & economics
Revenue model
Pipeline transportation and capacity fees (toll-like)
Key economics
- Recurring revenue
- High
- EBITDA margin
- Strong
- Capex intensity
- High
contracted, toll-like transportation fees
stable, fee-based infrastructure
Characteristics
- Fee-based, toll-like infrastructure economics.
- LNG-export feed gas and data-center load drive demand.
- New build-out faces permitting and opposition.
M&A deal context
Deal activityHigh
Who’s acquiring
- Midstream/MLP majors
- Infrastructure funds & investors
- Pipeline consolidators
What’s driving deals
- Midstream consolidation and MLP simplification.
- LNG-feed-gas and power-demand pipeline needs.
- Recurring-fee infrastructure appeal.
Find Interstate Gas Pipeline Operators acquisition targets
Search Acquisera’s index for companies classified under Interstate Gas Pipeline Operators (7.6.3.2) and build a targeted deal pipeline.
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