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Kinder Morgan Inc (KMI)

KMI on New York Consolidated

21.15USD
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Stockholder Lowell Miller files proposal raising concerns about Kinder Morgan's policies regarding methane emissions
Tuesday, 21 Mar 2017 05:18pm EDT 

Kinder Morgan Inc :Stockholder Lowell Miller files proposal raising concerns about Kinder Morgan's policies regarding methane emissions from oil production - SEC filing.  Full Article

Kinder Morgan sells 49 pct interest in Elba Liquefaction Co
Friday, 3 Mar 2017 02:23pm EST 

Kinder Morgan Inc : Kinder Morgan sells 49% interest in Elba Liquefaction company to EIG Global Energy Partners investment funds . Says LNG export project at Elba Island expected to begin initial operation in mid-2018 . EIG has made an upfront cash payment of approximately $385 million . LNG export project at Elba Island expected to begin initial operation in mid-2018 . EIG has agreed to fund its share of future capital expenditures necessary to complete construction and commissioning of liquefaction facility . Says upfront cash payment consists of $215 million reimbursement to KMI for EIG's 49 percent share of prior ELC capital expenditures . Total project cost is estimated to be approximately $1.3 billion, excluding capitalized interest. . Initial liquefaction units are currently expected to be placed in service in mid-2018, with final units coming on line by early 2019 . Project is expected to have a total capacity of approximately 2.5 million tonnes per year of LNG for export .Cash payment consists of about $170 million in excess of capital expenditures for value created by KMI in developing project.  Full Article

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

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Kinder Morgan secures commitments for Trans Mountain after dip

Kinder Morgan Inc said it had booked all of the 22,000 barrels per day of capacity it had offered to the oil industry earlier this month on its Canadian Trans Mountain pipeline expansion project, following a dip in shipper commitments.