Edition:
United States

Kinder Morgan Inc (KMI.N)

KMI.N on New York Stock Exchange

20.21USD
17 May 2019
Change (% chg)

$-0.21 (-1.03%)
Prev Close
$20.42
Open
$20.29
Day's High
$20.54
Day's Low
$20.15
Volume
3,363,108
Avg. Vol
3,778,583
52-wk High
$20.54
52-wk Low
$14.62

Latest Key Developments (Source: Significant Developments)

Kinder Morgan Reports Q1 Earnings Per Share $0.24
Wednesday, 17 Apr 2019 04:05pm EDT 

April 17 (Reuters) - Kinder Morgan Inc ::KINDER MORGAN RAISES DIVIDEND BY 25 PERCENT AND ANNOUNCES RESULTS FOR FIRST QUARTER OF 2019.Q1 EARNINGS PER SHARE $0.24.Q1 EARNINGS PER SHARE ESTIMATE $0.24 -- REFINITIV IBES DATA.FOR 2019, KMI'S BUDGET CONTEMPLATES DECLARED DIVIDENDS OF $1.00 PER COMMON SHARE, DCF OF APPROXIMATELY $5.0 BILLION.FOR 2019, KMI'S BUDGET CONTEMPLATES ADJUSTED EBITDA OF APPROXIMATELY $7.8 BILLION.QTRLY REVENUE OF $3,429 MILLION VERSUS $3,418 MILLION.Q1 REVENUE VIEW $3.67 BILLION -- REFINITIV IBES DATA.QTRLY ADJUSTED EARNINGS PER SHARE $0.25.BUDGETED TO INVEST $3.1 BILLION IN GROWTH PROJECTS AND CONTRIBUTIONS TO JOINT VENTURES DURING 2019.KINDER MORGAN - SEES TO USE INTERNALLY GENERATED CASH FLOW TO FULLY FUND 2019 DIVIDEND PAYMENTS, VAST MAJORITY OF ITS 2019 DISCRETIONARY SPENDING.REMAIN ON POSITIVE OUTLOOK FOR AN UPGRADE BY FITCH LATER IN YEAR.  Full Article

Kinder Morgan Inc Exe Chairman Richard D Kinder Reports Open Market Purchase Of 11,900 Class P Common Stock On March 5
Wednesday, 6 Mar 2019 01:05pm EST 

March 6 (Reuters) - :KINDER MORGAN INC EXE CHAIRMAN RICHARD D KINDER REPORTS OPEN MARKET PURCHASE OF 11,900 CLASS P COMMON STOCK ON MARCH 5 AT $19.7/SHARE - SEC FILING.  Full Article

Kinder Morgan Executive Chairman Reports Open Market Purchase of Co's Shares
Wednesday, 27 Feb 2019 10:59am EST 

Feb 27 (Reuters) - RICHARD KINDER::EXECUTIVE CHAIRMAN RICHARD KINDER REPORTS OPEN MARKET PURCHASE OF 300,000 SHARES OF KINDER MORGAN'S CLASS P COMMON STOCK ON 26 FEB AT $19.33/SHARE.  Full Article

Kinder Morgan Q4 Earnings Per Share $0.21
Wednesday, 16 Jan 2019 04:05pm EST 

Kinder Morgan Inc ::KINDER MORGAN DECLARES $0.20 DIVIDEND AND ANNOUNCES RESULTS FOR FOURTH QUARTER OF 2018.Q4 EARNINGS PER SHARE $0.21.Q4 EARNINGS PER SHARE ESTIMATE $0.26 -- REFINITIV IBES DATA.INCREASES QUARTERLY DIVIDEND BY 60 PERCENT.QTRLY REVENUES $3,781 MILLION VERSUS $3,632 MILLION.Q4 REVENUE VIEW $3.81 BILLION -- REFINITIV IBES DATA.QTRLY ADJUSTED EARNINGS PER SHARE $0.25.SEES 2019 ADJUSTED EBITDA OF ABOUT $7.8 BILLION.FORECASTS TO INVEST $3.1 BILLION IN GROWTH PROJECTS AND CONTRIBUTIONS TO JOINT VENTURES DURING 2019.KMI'S PROJECT BACKLOG FOR Q4 STOOD AT $5.7 BILLION, APPROXIMATELY $800 MILLION LESS THAN Q3 OF 2018.FOR 2019, KMI'S BUDGET CONTEMPLATES DECLARED DIVIDENDS OF $1.00 PER COMMON SHARE, DCF OF ABOUT $5.0 BILLION.KMI EXPECTS TO USE INTERNALLY GENERATED CASH FLOW TO FULLY FUND ITS 2019 DIVIDEND PAYMENT.KMI ALSO EXPECTS TO END 2019 WITH A NET DEBT-TO-ADJUSTED EBITDA RATIO OF APPROXIMATELY 4.5 TIMES.QTRLY CONTRIBUTIONS FROM NATURAL GAS SEGMENT WERE UP SUBSTANTIALLY COMPARED TO FOURTH QUARTER OF 2017.IN 2019, EXPECTS EVERY $1/BARREL CHANGE IN AVERAGE WTI CRUDE OIL PRICE IMPACTS DCF BY ABOUT $8 MILLION.IN 2019, EXPECTS EACH $0.10 PER MMBTU CHANGE IN THE PRICE OF NATURAL GAS IMPACTS DCF BY ABOUT $1 MILLION.  Full Article

Kinder Morgan Canada Says Shareholders Voted To Approve Trans Mountain Pipeline Sale
Thursday, 30 Aug 2018 01:11pm EDT 

Aug 30 (Reuters) - Kinder Morgan Canada Ltd ::KINDER MORGAN CANADA LIMITED - SHAREHOLDERS VOTE TO APPROVE SALE OF TRANS MOUNTAIN PIPELINE AND EXPANSION PROJECT.KINDER MORGAN CANADA - KML SHAREHOLDERS VOTED TO APPROVE SALE OF TRANS MOUNTAIN PIPELINE SYSTEM & TRANS MOUNTAIN EXPANSION PROJECT TO CANADA.KINDER MORGAN CANADA LTD - EXPECT TO CLOSE TRANSACTION AS EARLY AS AUGUST 31, 2018.KINDER MORGAN CANADA LTD - THOSE VOTING IN FAVOR OF SPECIAL RESOLUTION WERE 324,524,791, OR 99.98 PERCENT.KINDER MORGAN CANADA - 87.70 PERCENT OF KML'S SHARES ENTITLED TO VOTE WERE VOTED AT MEETING.  Full Article

Canada 'absolutely committed' to building Trans Mountain pipeline - Finance Minister
Thursday, 30 Aug 2018 09:30am EDT 

Aug 30 (Reuters) - Finance Minister Bill Morneau, speaking at a news conference::CANADA FINANCE MINISTER SAYS REVIEWING COURT OF APPEAL DECISION ON TRANS MOUNTAIN OIL PIPELINE CAREFULLY.CANADA FINANCE MINISTER SAYS EXPECTS TO CLOSE PURCHASE OF TRANS MOUNTAIN PIPELINE AS EARLY AS FRIDAY, SEES IT IN NATIONAL INTEREST.CANADA FINANCE MINISTER BILL MORNEAU, ASKED ABOUT POSSIBLE APPEAL OF PIPELINE RULING, SAYS HAS NOT REACHED CONCLUSIONS.CANADA 'ABSOLUTELY COMMITTED TO MOVING FORWARD' WITH TRANS MOUNTAIN PIPELINE - FINANCE MINISTER.  Full Article

El Paso Expects to Return Line 3130 to Service on Aug. 11
Thursday, 9 Aug 2018 04:46pm EDT 

Aug 9 (Reuters) - KINDER MORGAN'S EL PASO NATURAL GAS COMPANY, L.L.C. (EPNG)::SAYS SUBJECT TO FAVORABLE WEATHER CONDITIONS IT ANTICIPATES RETURNING LINE 3130 TO SERVICE LATE SATURDAY, AUG. 11.SAYS THE FOLLOWING LOCATIONS WILL BE MADE AVAILABLE FOR SCHEDULING FOR GAS DAY AUG. 12 CYCLE 2 (EVENING CYCLE): JAMESON PLANT AND DEADWOOD.  Full Article

Kinder Morgan Says Isolates Portion of EPNG Pipeline After Fire in Midland County, Tx.
Wednesday, 1 Aug 2018 08:19pm EDT 

Aug 1 (Reuters) - KINDER MORGAN ::SAYS WAS NOTIFIED OF A FIRE NEAR ITS EL PASO NATURAL GAS PIPELINE (EPNG) IN A RURAL AREA IN MIDLAND COUNTY, TEXAS.SAYS TWO EMPLOYEES ISOLATED A PORTION OF THE EPNG PIPELINE AS A PRECAUTION.SAYS ONE OF ITS EMPLOYEES WAS INJURED AND HAS BEEN TRANSPORTED TO A HOSPITAL FOR TREATMENT.SAYS THE MIDLAND FIRE DEPARTMENT RESPONDED TO THE SCENE, AND THE FIRE IS OUT.SAYS CAUSE OF THE FIRE IS UNDER INVESTIGATION, EPNG IS EVALUATING THE DAMAGES TO ITS LINE.SAYS THERE WAS A THIRD-PARTY PIPELINE INVOLVED THAT ALSO EXPERIENCED A FAILURE.SAYS PRELIMINARY INDICATIONS ARE THE THIRD-PARTY LINE FAILURE OCCURRED BEFORE EPNG LINE FAILURE.RELATED: nL1N1US2EI.  Full Article

Tennessee Gas Pipeline Sees Texas Segment Back Online by Oct. 15
Wednesday, 1 Aug 2018 10:12am EDT 

Aug 1 (Reuters) - KINDER MORGAN'S TENNESSEE GAS PIPELINE (TGP) COMPANY LLC::TENNESSEE GAS PIPELINE SAYS SECTION OF LINE BETWEEN STATION 1 AND STATION 9 IN TEXAS, FROM STATION 1 TO MLV 7, ESTIMATED TO BE BACK ONLINE ON OCT 15, 2018.RELATED: TENNESSEE GAS PIPELINE SAYS REPAIRS AT MLV 8 TO MLV 9, TEXAS COMPLETE nFWN1UQ0VX.THE COMPANY HAD DECLARED A FORCE MAJEURE FOR REPAIRS IN THE SECTION OF THE PIPE BETWEEN STATION 1 AND STATION 9, IN JUNE.  Full Article

Kinder Morgan, Eagleclaw Midstream And Apache Announce Joint Development Of The Permian Highway Pipeline Project
Monday, 25 Jun 2018 04:04pm EDT 

June 25 (Reuters) - Apache Corp ::KINDER MORGAN, EAGLECLAW MIDSTREAM AND APACHE ANNOUNCE JOINT DEVELOPMENT OF THE PERMIAN HIGHWAY PIPELINE PROJECT.KINDER MORGAN TEXAS PIPELINE LLC - PHP PROJECT VALUED AT APPROXIMATELY $2 BILLION.KINDER MORGAN TEXAS PIPELINE LLC- PHP PROJECT EXPECTED TO BE IN SERVICE IN LATE 2020.KINDER MORGAN TEXAS PIPELINE LLC - PHP PROJECT EXPECTED TO BE IN SERVICE IN LATE 2020.KINDER MORGAN TEXAS PIPELINE LLC- KMTP WILL BUILD AND OPERATE THE PIPELINE.KINDER MORGAN TEXAS PIPELINE - KMTP AND EAGLECLAW WILL BE INITIAL PARTNERS (50 PERCENT OWNERSHIP EACH).KINDER MORGAN TEXAS PIPELINE LLC - APACHE PLANNING TO COMMIT UP TO 500,000 DEKATHERMS PER DAY IN THE PROJECT.KINDER MORGAN TEXAS PIPELINE LLC - APACHE WILL HAVE OPTION TO ACQUIRE UP TO 33 PERCENT EQUITY IN PROJECT FROM INITIAL PARTNERS.  Full Article

Kinder Morgan Canada to remain independent after strategic review

May 9 Pipeline company Kinder Morgan Canada Ltd said on Thursday it would continue as a stand-alone entity, following a strategic review that considered options including a sale.