Natural Gas Is Plentiful. Getting It Into AI Power Is the Hard Part
Key Highlights
- ➤Bloom Energy (BE) Q3 revenue $1,235.8M, up 138.1% year over year
- ➤Bloom Energy raised full-year 2026 revenue guidance to $4.4B-$4.6B
- ➤Baker Hughes awarded turbines supporting approximately 1.1 GW for AI computing
- ➤Kinder Morgan's gas expansion backlog reached $13.2B within a $14.4B total
- ➤EQT reported Q3 operating cash flow of $1,083M and launched its POWER Pipeline open season
Expert Statements
Toby Z. Rice, President and CEO of EQT
“Our expanded resource base solidifies EQT as the operator of choice for premium, long-term supply arrangements and provides unique growth optionality underpinned by contractual demand”
Richard D. Kinder, Executive Chairman of Kinder Morgan
“Our natural gas business in particular is benefiting from increasing LNG exports, rising power demand, and industrial expansion and is capitalizing on significant opportunities for investment across our footprint”
Lorenzo Simonelli, Chairman and CEO of Baker Hughes
“The AI revolution runs on energy, and Baker Hughes is building energy systems that will underpin the next era of industrial advancement”
KR Sridhar, Founder, Chairman and Chief Executive Officer of Bloom Energy
“What began with hyperscalers is rapidly moving across market segments because every business needs reliable power to grow”
Natural Gas Is Plentiful. Getting It Into AI Power Is the Hard Part PR Newswire
NEW YORK, Oct. 28, 2026 /PRNewswire/ -- American News Group News Commentary - By the numbers, the fuel is the easy part. The Henry Hub spot price was $2.76 per MMBtu on October 27, according to U.S. Energy Information Administration data, and working gas in storage stood 35 Bcf above the five-year average in the week ended October 16. The pressure point for the AI buildout sits further down the chain, in the turbines, pipelines and grid rules needed to turn that gas into electricity for data centers. Global Market Insights estimates the global gas turbine market at $22.6 billion in 2025 and expects it to grow from $25.4 billion in 2026 to $64.8 billion by 2035, a CAGR of 11.2%. Active Companies from around the markets with current developments this week include: EQT Corporation (NYSE: EQT), Kinder Morgan, Inc. (NYSE: KMI), Baker Hughes Company (NASDAQ: BKR), Bloom Energy Corporation (NYSE: BE).
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