United States

Kinder Morgan Inc (KMI)

KMI on New York Consolidated

24 Feb 2017
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$-0.30 (-1.39%)
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Latest Key Developments (Source: Significant Developments)

Kinder Morgan reports Q4 earnings per share $0.08
Wednesday, 18 Jan 2017 04:05pm EST 

Kinder Morgan Inc - : Q4 earnings per share $0.08 . Q4 earnings per share view $0.19 -- Thomson Reuters I/B/E/S . q4 revenue $3,389 million versus $3,636 million last year . Q4 revenue view $3.54 billion -- Thomson Reuters I/B/E/S . Kinder Morgan Inc says combined gross oil production volumes averaged 53.5 mbbl/d for Q4, down 6 percent from 57.0 mbbl/d for 2015 . Current project backlog is $12.0 billion at quarter-end, down from $13.0 billion at end of Q3 of 2016 . Kinder Morgan Inc says KMI also expects to invest $3.2 billion in growth projects during 2017 .Kinder Morgan Inc says natural gas pipelines segment's performance for Q4 of 2016 was impacted by sale of a 50 percent interest in sng.  Full Article

Kinder Morgan reports 2017 financial expectations
Monday, 5 Dec 2016 04:05pm EST 

Kinder Morgan Inc : Kinder Morgan announces 2017 financial expectations . Expect to generate $4.46 billion of distributable cash flow for 2017 which continues to provide us great strength and flexibility . KMI expects to declare dividends of $0.50 per share in 2017 . Expects to provide guidance on a revised dividend policy in latter part of 2017 . Sees invest $3.2 billion on expansion projects in 2017 . Kinder Morgan Inc - expects to generate $1.99 per share of distributable cash flow and $7.2 billion of adjusted ebitda in 2017, essentially flat to 2016 . Kinder Morgan - for 2017, estimates that every $1 per barrel change in average WTI crude oil price impacts distributable cash flow by about $6 million .Kinder Morgan - for 2017, company estimates each $0.10 per mmbtu change in price of natural gas impacts distributable cash flow by about $1 million.  Full Article

Resolute Energy's unit Kinder Morgan CO2company entered into an amendment to product sale and purchase contract dated July 1, 2007
Thursday, 1 Dec 2016 05:46pm EST 

Kinder Morgan Inc : Resolute Energy - On Nov 29, unit, Kinder Morgan CO2company, L.P. entered into an amendment to product sale and purchase contract dated July 1, 2007 .Resolute Energy Corp says amendment effective Oct 1, modified annual and aggregate volume commitments for CO2purchases under contract- SEC filing.  Full Article

Kinder Morgan says 'making progress' on economic-benefits condition
Wednesday, 30 Nov 2016 01:32pm EST 

Kinder Morgan Inc :Says 'making progress' on British Columbia province's condition for economic benefits for Trans Mountain pipeline in Canada.  Full Article

Kinder Morgan: Orlando terminal back in service, fully operational
Friday, 7 Oct 2016 06:00pm EDT 

Kinder Morgan Inc : Kinder Morgan says Orlando terminal is back in service and fully operational . Kinder Morgan says "We anticipate restarting CFPL pipelines later (Friday) evening." (Reporting by Nithin Prasad in Bengaluru) ((BLRCEEditorial@thomsonreuters.com;)).  Full Article

Valero acquires 100 percent ownership of Parkway Pipeline
Tuesday, 12 Jul 2016 04:43pm EDT 

Valero Energy Corp : Valero acquires 100 percent ownership of Parkway Pipeline . Valero funded acquisition with cash . Bought remaining 50 percent membership interest in Parkway Pipeline Llc from a wholly owned subsidiary of Kinder Morgan . Parkway pipeline separately executed a connection agreement with colonial pipeline co. . Parkway pipeline will construct, own, and operate a new lateral segment to connect pipeline to colonial pipeline system near Collins .Valero energy partners lp has a right of first offer to acquire valero's initial 50 percent interest in parkway pipeline.  Full Article

Southern Co, Kinder Morgan enter Southern Natural Gas pipeline strategic venture
Sunday, 10 Jul 2016 10:57pm EDT 

Southern Co : Southern company, kinder morgan enter southern natural gas pipeline strategic venture . Acquiring 50 percent equity interest in southern natural gas (sng) pipeline systemkinder morgan will continue to operate system . Transaction equates to sng total enterprise value of about $4.15 billion, implies $1.47 billion for southern co's 50 percent equity interest .Expects to finance initial purchase, as well as any related future growth opportunities in a credit-supportive manner.  Full Article

Kinder Morgan Terminals signs 10-year agreement with Nucor Corporation
Wednesday, 6 Jul 2016 09:05am EDT 

Kinder Morgan Terminals Signs 10 : Year agreement with Nucor Corporation . Says value of agreement is approximately $900 million .Says agreement with nucor corporation to provide in-plant services for five of Nucor's facilities.  Full Article

Kinder Morgan sells 50 pct stake in in Utopia pipeline project to Riverstone Investment Group
Tuesday, 28 Jun 2016 09:03am EDT 

Kinder Morgan Inc : Kinder Morgan sells 50 pct equity interest in Utopia pipeline project to Riverstone Investment Group . Says total project cost is estimated to be approximately $500 million . Riverstone Investment Group LLC will become a 50 percent partner in Utopia Pipeline Project . Riverstone to fund its share of future capital expenditures necessary to complete construction. Commissioning of pipeline project . Riverstone agreed to an upfront cash payment provided at closing . Riverstone's upfront cash payment consists of reimbursement to KMI for 50 percent share of prior capital expenditures related to project .Riverstone's upfront cash payment also consists of a payment in excess of capital expenditures.  Full Article

Kinder Morgan projects receive FERC authorizations
Thursday, 2 Jun 2016 09:23am EDT 

Kinder Morgan Inc : Kinder Morgan Inc says about $2 billion project will be constructed and operated at existing Elba Island LNG terminal near Savannah, Georgia . Kinder Morgan projects receive FERC authorizations .Kinder Morgan Inc says facilities for these pipeline projects are expected to be placed in service late in Q4 of 2016.  Full Article

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Exclusive: Kinder Morgan starts talks with investors for $5.2 billion Canada pipeline project - sources

TORONTO/NEW YORK Kinder Morgan Inc has begun talks with institutional investors including major Canadian pension funds and private equity firms to raise capital for the C$6.8 billion ($5.2 billion) expansion of its Trans Mountain pipeline project, according to people familiar with the process.