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Kinder Morgan Inc (KMI.N)

KMI.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Pembina Pipeline CEO not looking to buy Trans Mountain pipeline because of 'noise' that goes with it
Wednesday, 21 Aug 2019 09:00am EDT 

Aug 21 (Reuters) - Pembina Pipeline Corp, speaking on a conference call about its acquisition of Kinder Morgan Canada::PEMBINA PIPELINE CEO SAYS WOULD CONSIDER REVERSING COCHIN CONDENSATE IMPORT PIPELINE IF MARKET WANTS IT.PEMBINA PIPELINE CEO SAYS COMPANY NOW UNIQUELY QUALIFIED TO OWN TRANS MOUNTAIN PIPELINE BUT DOESN'T WANT TO TAKE ON 'NOISE' THAT GOES WITH IT.PEMBINA PIPELINE CEO SAYS WILL TAKE 'HARD LOOK' AT RAIL BUSINESS IT IS ACQUIRING, WILL TAKE ACTION IF IT DOESN'T FIT.  Full Article

Pembina Pipeline To Acquire Kinder Morgan Canada And Cochin Pipeline For $4.35 Bln
Wednesday, 21 Aug 2019 06:30am EDT 

Aug 21 (Reuters) - Pembina Pipeline Corp ::PEMBINA PIPELINE CORPORATION TO ACQUIRE KINDER MORGAN CANADA AND THE COCHIN PIPELINE FOR $4.35 BILLION AND INCREASE DIVIDEND.PEMBINA PIPELINE CORP - TRANSACTION VALUES KINDER MORGAN CANADA AT APPROXIMATELY $2.3 BILLION, OR $15.02 PER SHARE.PEMBINA PIPELINE CORP - TRANSACTION WILL BE IMMEDIATELY ACCRETIVE TO ADJUSTED CASH FLOW PER SHARE.PEMBINA PIPELINE - OFFERING TO BUY EACH OF OUTSTANDING RESTRICTED VOTING SHARES AND EACH CLASS B UNIT IN EXCHANGE FOR 0.3068 OF A COMMON SHARE OF CO.PEMBINA PIPELINE - CASH PORTION OF COCHIN US DEAL TO BE INITIALLY FUNDED WITH $2.5 BILLION UNSECURED CREDIT FACILITY, NEW $1 BILLION COMMITTED TERM FACILITY.PEMBINA PIPELINE - BOARD APPROVED $0.01 PER COMMON SHARE, OR ABOUT FIVE PERCENT, INCREASE TO ITS MONTHLY COMMON SHARE DIVIDEND RATE..PEMBINA PIPELINE CORP - ASSETS BEING ACQUIRED IN TRANSACTION ARE EXPECTED TO GENERATE ADJUSTED EBITDA OF APPROXIMATELY $350 MILLION IN 2019.  Full Article

Kinder Morgan Reports Q2 Earnings Per Share $0.23
Wednesday, 17 Jul 2019 04:05pm EDT 

July 17 (Reuters) - Kinder Morgan Inc ::KINDER MORGAN DECLARES $0.25 PER SHARE DIVIDEND AND ANNOUNCES RESULTS FOR SECOND QUARTER OF 2019.Q2 EARNINGS PER SHARE $0.23.Q2 EARNINGS PER SHARE ESTIMATE $0.24 -- REFINITIV IBES DATA.QUARTERLY REVENUE $3,214 MILLION VERSUS $3,428 MILLION.QTRLY ADJUSTED EARNINGS PER SHARE $0.22.KMI'S PROJECT BACKLOG FOR Q2 STOOD AT $5.7 BILLION.FOR 2019, KMI'S BUDGET CONTEMPLATES DECLARED DIVIDENDS OF $1.00 PER COMMON SHARE, DCF OF APPROXIMATELY $5.0 BILLION.SEES 2019 ADJUSTED EBITDA OF APPROXIMATELY $7.8 BILLION.ELBA LIQUEFACTION COMPANY IS IN ADVANCED STAGES OF COMMISSIONING AND START UP PROCESS.KINDER MORGAN - 501-G SETTLEMENTS WERE IN-LINE WITH PRIOR ESTIMATES, RESOLUTION OF MATTERS IS POSITIVE OUTCOME, ALBEIT NOT REFLECTED IN 2019 BUDGET.BUDGETED TO INVEST $3.1 BILLION IN GROWTH PROJECTS AND CONTRIBUTIONS TO JOINT VENTURES DURING 2019.NOW EXPECTS TO BE SLIGHTLY BELOW $3.1 BILLION BUDGETED IN 2019 DUE TO LOWER CAPITAL EXPENDITURES IN CO(2) SEGMENT.KINDER MORGAN - EXPECTS TO USE INTERNALLY GENERATED CASH FLOW TO FUND MAJORITY OF 2019 DISCRETIONARY SPENDING, WITHOUT NEED TO ACCESS EQUITY MARKETS.KINDER MORGAN - ALTHOUGH BEHIND SCHEDULE, ELBA LIQUEFACTION COMPANY (ELC) IS IN ADVANCED STAGES OF COMMISSIONING AND START UP PROCESS.KINDER MORGAN - 2019 ADJUSTED. EBITDA ESTIMATED TO BE SLIGHTLY BELOW BUDGET, PRIMARILY DUE TO DELAY IN ELBA'S IN-SERVICE DATE, AMONG OTHER REASONS.  Full Article

Altus Midstream Acquires 27% Of Permian Highway Pipeline
Wednesday, 29 May 2019 08:30am EDT 

May 29 (Reuters) - Altus Midstream Co ::ALTUS MIDSTREAM ACQUIRES 27 PERCENT OF PERMIAN HIGHWAY PIPELINE.ALTUS MIDSTREAM CO - NET TO ALTUS' OWNERSHIP INTEREST, EXERCISE PRICE OF OPTION IS APPROXIMATELY $161 MILLION..ALTUS - PHP IS AN ESTIMATED $2.1 BILLION LONG-HAUL PIPELINE THAT IS EXPECTED TO HAVE APPROXIMATELY 2.1 BCF/D OF NATURAL GAS TRANSPORTATION CAPACITY.ALTUS MIDSTREAM CO - INITIAL CAPACITY OF PIPELINE IS FULLY SUBSCRIBED UNDER LONG-TERM BINDING AGREEMENTS.ALTUS MIDSTREAM CO - PHP IS EXPECTED TO ENTER SERVICE IN OCTOBER 2020.ALTUS MIDSTREAM CO - UNIT EXERCISED AND CLOSED ITS OPTION TO ACQUIRE AN APPROXIMATE 26.7 PERCENT EQUITY INTEREST IN PERMIAN HIGHWAY PIPELINE.  Full Article

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

Kinder Morgan Terminals says Philadelphia refiner owes nearly $1.5 mln -court docs

NEW YORK, Aug 1 Kinder Morgan Liquids Terminals LLC says Philadelphia Energy Solutions failed to make payments for fuel storage and other services totaling nearly $1.5 million since December, roughly seven months before the Pennsylvania refiner filed for bankruptcy.