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Kinder Morgan Inc (KMI)

KMI on New York Consolidated

19.02USD
28 Jun 2017
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$0.11 (+0.58%)
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Latest Key Developments (Source: Significant Developments)

Kinder Morgan Canada units enter into credit agreement​
Thursday, 22 Jun 2017 05:39pm EDT 

June 22 (Reuters) - Kinder Morgan Inc ::Kinder Morgan- ‍on June 16, two subsidiaries of Kinder Morgan Canada Limited, Kinder Morgan Cochin ULC, Trans Mountain Pipeline ULC entered into credit agreement​.Kinder Morgan - agreement establishing CAD $4.0 billion revolving construction credit facility for purposes of funding Trans Mountain expansion project.Kinder Morgan Inc - agreement also establishing a CAD $500 million revolving working capital facility, which is available for general corporate purposes.Kinder Morgan Inc - ‍credit agreement establishing CAD $1.0 billion revolving contingent credit facility​.Kinder Morgan Inc - co has entered into an equity nomination and support agreement in connection with credit agreement.Kinder Morgan Inc - credit facilities under credit agreement will mature on June 16, 2022.Kinder Morgan-co to contribute, at time of each drawdown on construction credit facility/contingent credit facility, equity to unit; Cochin - SEC filing.Kinder Morgan Inc - co commits to contribute equity to Cochin in an amount sufficient to cause outstanding indebtedness under credit facilities.Kinder Morgan - co to contribute funded debt for Trans Mountain expansion project not to exceed 60% of total project costs as projected over 6 month period.  Full Article

British Columbia premier Clark says it seems likely her government will fall at first vote of confidence
Tuesday, 30 May 2017 04:51pm EDT 

May 30 (Reuters) - :British Columbia premier Clark says will test the confidence of the legislature in very short order.British Columbia premier Clark says if there is going to be transfer of power, as it seems it will be, shouldn't be done behind closed doors.British Columbia premier Clark says it seems likely her government will fall at first vote of confidence.  Full Article

Kinder Morgan makes final investment decision on Trans Mountain expansion project
Thursday, 25 May 2017 06:31pm EDT 

May 25 (Reuters) - Kinder Morgan Inc :Makes final investment decision on Trans Mountain expansion project.‍kinder Morgan Canada Limited prices c$1.75 billion initial public offering​.Kinder morgan canada pricing IPO of 102.9 million shares of common stock at a price to public of c$17.00 per share.‍remains on track to announce revised dividend guidance for 2018 in latter part of this year​.construction on Trans Mountain expansion project is expected to begin in September 2017 with completion expected in December 2019.While political climate was not ideal, process proceeded at this time because project financing contingency period, concludes at end of May.  Full Article

Kinder Morgan's Canadian unit files for IPO of restricted voting shares
Monday, 24 Apr 2017 05:04pm EDT 

April 24 (Reuters) - Kinder Morgan Inc ::Kinder Morgan says its unit Kinder Morgan Canada has filed a preliminary prospectus in connection with proposed IPO of its restricted voting shares.Says if completed, offering will constitute a sale of a portion of Kinder Morgan's interest in Canadian business of KMI.  Full Article

Kinder Morgan Q1 earnings per share $0.18
Wednesday, 19 Apr 2017 04:05pm EDT 

April 19 (Reuters) - Kinder Morgan Inc ::Q1 earnings per share $0.18.Q1 earnings per share view $0.18 -- Thomson Reuters I/B/E/S.Kinder Morgan Inc - for 2017, KMI expects to declare dividends of $0.50 per share, achieve distributable cash flow of approximately $4.46 billion.Kinder Morgan - Q1 revenue $3,424 million million versus $3,195 million.Kinder Morgan Inc - for 2017, kmi expects adjusted ebitda of approximately $7.2 billion.Kinder Morgan Inc - kmi also expects to invest $3.2 billion in growth projects during 2017.Kinder Morgan Inc - q1 earnings per class p share $0.18.Kinder Morgan Inc - kmi remains on schedule to begin operations for approximately $540 million utopia pipeline project in january 2018.Kinder Morgan Inc - growth projects during 2017 to be funded with internally generated cash flow without need to access equity markets.Kinder Morgan Inc says kinder morgan canada contributions were down 7 percent in q1 of 2017 compared to q1 of 2016.Kinder Morgan Inc says remains on schedule to begin operations for approximately $540 million utopia pipeline project in january 2018.Kinder Morgan Inc - current project backlog is $11.7 billion, down from $12.0 billion at end of 2016.Kinder morgan -utopia pipeline will have an initial design capacity of 50,000 barrels per day, and will move ethane from ohio to windsor, ontario, canada.  Full Article

Kinder Morgan, DCP Midstream announce LoI for Gulf Coast Express Pipeline Project
Tuesday, 11 Apr 2017 04:15pm EDT 

DCP Midstream LP : Kinder Morgan and DCP Midstream announce letter of intent on development of Gulf Coast express pipeline project . It is anticipated that DCP will be a partner and shipper on proposed pipeline . DCP midstream LP -project is designed to transport up to 1,700,000 dekatherms per day (dth/d) of natural gas from Waha, Texas area to Agua Dulce, texas . Says pipeline is expected to be in service in second half of 2019, subject to shipper commitments . DCP Midstream LP says sand hills pipeline is currently being expanded from 280,000 barrels per day (bbls/d) to 365,000 bbls/d .Says KMI will build and operate pipeline.  Full Article

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

More From Around the Web

Four of biggest Canada banks are main Trans Mountain lenders -filings

CALGARY, Alberta, June 22 Royal Bank of Canada , Canadian Imperial Bank of Commerce, Bank of Nova Scotia and Toronto-Dominion Bank are the main lenders for Kinder Morgan Canada Ltd's Trans Mountain pipeline expansion, the company said in fillings on Thursday.