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Kinder Morgan Inc (KMI.N)

KMI.N on New York Stock Exchange

15.53USD
18 Dec 2018
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$-0.31 (-1.96%)
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Latest Key Developments (Source: Significant Developments)

Kinder Morgan announces 2019 financial expectations
Monday, 3 Dec 2018 04:05pm EST 

Dec 3 (Reuters) - Kinder Morgan Inc ::KINDER MORGAN ANNOUNCES 2019 FINANCIAL EXPECTATIONS.KINDER MORGAN INC - EXPECT TO GENERATE $5.0 BILLION OF DISTRIBUTABLE CASH FLOW IN 2019.KINDER MORGAN - SEES TO GENERATE $2.20 DCF PER SHARE AND $7.8 BILLION OF ADJUSTED EBITDA IN 2019.KINDER MORGAN INC - CONTINUES TO EXPECT TO INCREASE DIVIDEND TO $1.25 PER SHARE (ANNUALIZED) FOR 2020.KINDER MORGAN INC - TO INVEST $3.1 BILLION IN EXPANSION PROJECTS AND CONTRIBUTIONS TO JOINT VENTURES IN 2019.KINDER MORGAN INC - EXPECTS TO INCREASE DECLARED DIVIDEND PER COMMON SHARE FOR 2019 TO $1.00 PER SHARE (ANNUALIZED).KINDER MORGAN INC - FOR 2019, ESTIMATES EVERY $1/BARREL CHANGE IN AVERAGE WTI CRUDE OIL PRICE IMPACTS DCF BY ABOUT $9 MILLION.  Full Article

Kinder Morgan - Co Entered Into A Revolving Credit Agreement ( "5-Year Credit Facility")
Wednesday, 21 Nov 2018 06:23am EST 

Nov 21 (Reuters) - Kinder Morgan Inc ::KINDER MORGAN SAYS ON NOVEMBER 16 ENTERED INTO A REVOLVING CREDIT AGREEMENT ( "5-YEAR CREDIT FACILITY") - SEC FILING.KINDER MORGAN INC - 5-YEAR CREDIT FACILITY ALSO INCLUDES $500.0 MILLION SUBLIMIT FOR ISSUANCE OF LETTERS OF CREDIT - SEC FILING.KINDER MORGAN - 364-DAY CREDIT FACILITY PROVIDES FOR UP TO $500.0 MILLION IN BORROWINGS FROM TIME TO TIME BY CO& WILL MATURE 364 DAYS FOLLOWING CLOSING.KINDER MORGAN - 5-YEAR CREDIT FACILITY PROVIDES FOR UP TO $4.0 BILLION IN BORROWINGS FROM TIME TO TIME BY COMPANY, WHICH CAN BE INCREASED UP TO $5.0 BILLION.KINDER MORGAN - NEW CREDIT FACILITIES REPLACED $5 BILLION REVOLVING FACILITY SET FORTH IN CREDIT AGREEMENT DATED AS OF SEPT 19, 2014.  Full Article

Kinder Morgan To Apply Trans Mountain Proceeds To Debt Reduction
Tuesday, 4 Sep 2018 05:10pm EDT 

Sept 4 (Reuters) - Kinder Morgan Inc ::KINDER MORGAN TO APPLY TRANS MOUNTAIN PROCEEDS TO DEBT REDUCTION.KINDER MORGAN - CURRENTLY EXPECTS TO END YEAR AT A NET DEBT-TO-ADJUSTED EBITDA RATIO OF ABOUT 4.6 TIMES.KINDER MORGAN INC - EXPECTS TO HAVE REDUCED ITS CONSOLIDATED NET DEBT BY APPROXIMATELY $7.8 BILLION SINCE Q3 OF 2015 AT YEAR END.KINDER MORGAN-TO VOTE IN FAVOR OF KML'S PROPOSALS THAT WILL FACILITATE DISTRIBUTION OF ABOUT $2.0 BILLION OF TRANS MOUNTAIN SALE PROCEEDS AS RETURN OF CAPITAL.  Full Article

Kinder Morgan Canada Shareholders To Receive Trans Mountain Transaction Proceeds
Tuesday, 4 Sep 2018 05:05pm EDT 

Sept 4 (Reuters) - Kinder Morgan Canada Ltd ::KML SHAREHOLDERS TO RECEIVE TRANS MOUNTAIN TRANSACTION PROCEEDS.KINDER MORGAN CANADA - RETURN OF CAPITAL TO HOLDERS OF KML'S RESTRICTED VOTING SHARES IS EXPECTED TO BE ABOUT $1.2 BILLION.KINDER MORGAN CANADA -BOARD UNANIMOUSLY VOTED TO DISTRIBUTE NET PROCEEDS FROM TRANS MOUNTAIN PIPELINE SYSTEM SALE AS RETURN OF CAPITAL TO SHAREHOLDERS.KINDER MORGAN CANADA LTD - RETURN OF CAPITAL TO HOLDERS OF KML'S RESTRICTED VOTING SHARES IS EXPECTED TO BE ABOUT $11.40 PER RESTRICTED VOTING SHARE.KINDER MORGAN CANADA LTD - WILL SEEK VOTING SHAREHOLDER APPROVAL TO REDUCE STATED CAPITAL OF KML'S RESTRICTED VOTING SHARES BY $1.45 BILLION.KINDER MORGAN CANADA LTD - EXPECTS TO MAINTAIN A DIVIDEND OF $0.1625 PER RESTRICTED VOTING SHARE IN Q3.KINDER MORGAN CANADA LTD - EXPECTS TO PAY AN ANNUAL DIVIDEND OF $0.65 PER EACH POST-REVERSE STOCK SPLIT SHARE.KINDER MORGAN CANADA - BOARD APPROVED PROPOSAL TO EFFECT REVERSE STOCK SPLIT OF RESTRICTED VOTING SHARES & SPECIAL VOTING SHARES ON 1-FOR-3 BASIS.KINDER MORGAN CANADA LTD - APPOINTED JOHN SCHLOSSER AS PRESIDENT OF KML.KINDER MORGAN CANADA LTD - KINDER MORGAN, INC INFORMED KML THAT IT INTENDS TO VOTE ITS SPECIAL VOTING SHARES IN KML IN FAVOR OF PROPOSALS.KINDER MORGAN CANADA - DOES NOT ANTICIPATE PROPOSED RETURN OF CAPITAL OR REVERSE SPLIT TO HAVE IMPACT ON DIVIDENDS PAYABLE THEREON.KINDER MORGAN CANADA LTD - EXPECT TO END YEAR WITH LITTLE OR NO DEBT ON BALANCE SHEET.  Full Article

Kinder Morgan Canada Says In Q2, Co Generated Earnings Per Restricted Voting Share Of $0.02
Wednesday, 18 Jul 2018 04:05pm EDT 

July 18 (Reuters) - Kinder Morgan Canada Ltd ::KINDER MORGAN CANADA LIMITED DECLARES DIVIDENDS AND ANNOUNCES RESULTS FOR SECOND QUARTER OF 2018.KINDER MORGAN CANADA LTD - IN Q2, KML GENERATED EARNINGS PER RESTRICTED VOTING SHARE OF $0.02.KINDER MORGAN CANADA LTD - QTRLY REVENUES $178 MILLION VERSUS $168.7 MILLION REPORTED LAST YEAR.KINDER MORGAN CANADA - DUE TO PENDING SALE OF TRANS MOUNTAIN PIPELINE SYSTEM, TMEP, EXPECTS ACTUAL RESULTS TO DIFFER MATERIALLY FROM 2018 BUDGET.KINDER MORGAN CANADA LTD - 2017 CREDIT FACILITIES TERMINATED, REPLACED WITH TEMPORARY CREDIT FACILITIES.KINDER MORGAN CANADA - BOARD TO CONSIDER POTENTIAL ALTERNATIVES FOR REDEPLOYMENT OF NET PROCEEDS OF TRANS MOUNTAIN PIPELINE SYSTEM, TMEP DEAL.KINDER MORGAN CANADA - PIPELINES AND TERMINALS SEGMENTS' COMBINED PERFORMANCE FOR Q2 , AS MEASURED BY DCF, WAS 16 PERCENT HIGHER THAN SAME PERIOD IN 2017.KINDER MORGAN CANADA LTD - KINDER MORGAN INC HAS ELECTED TO SUSPEND PARTICIPATION IN PARTNERSHIP'S DISTRIBUTION REINVESTMENT PLAN.KINDER MORGAN CANADA LTD - "DEMAND FOR PIPELINES CONTINUES TO BE STRONG ".  Full Article

Kinder Morgan Declares $0.20 Dividend And Announces Results For Second Quarter Of 2018
Wednesday, 18 Jul 2018 04:05pm EDT 

July 18 (Reuters) - Kinder Morgan Inc ::KINDER MORGAN DECLARES $0.20 DIVIDEND AND ANNOUNCES RESULTS FOR SECOND QUARTER OF 2018.Q2 LOSS PER SHARE $0.08.Q2 EARNINGS PER SHARE VIEW $0.19 -- THOMSON REUTERS I/B/E/S.KMI FORECASTS TO INVEST $2.4 BILLION IN GROWTH PROJECTS DURING 2018.QTRLY ADJUSTED EARNINGS PER SHARE $0.21.SEES FOR 2018 ADJUSTED EBITDA OF APPROXIMATELY $7.5 BILLION.QTRLY REVENUS $3,428 MILLION VERSUS $3,368 MILLION.KMI FORECASTS TO INVEST $2.4 BILLION IN GROWTH PROJECTS DURING 2018.Q2 REVENUE VIEW $3.59 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Canada Finance Minister: would not expect Trans Mountain to be long term hold for govt
Tuesday, 29 May 2018 09:51am EDT 

May 29 (Reuters) - Kinder Morgan Canada Ltd ::CANADA FINANCE MINISTER: GOVERNMENT'S TRANS MOUNTAIN PLAN ALLOWS US TO GET RID OF POLITICAL UNCERTAINTY.CANADA FINANCE MINISTER: OUR VIEW IS LONG TERM THAT THIS PROJECT SHOULD BE IN THE PRIVATE SECTOR.CANADA FINANCE MINISTER SAYS WE ARE PURCHASING TRANS MOUNTAIN ASSETS; MORE INVESTMENT WILL BE NEEDED TO COMPLETE CONSTRUCTION OF EXPANSION.CANADA FINANCE MINISTER: IN PURCHASING TRANS MOUNTAIN ASSETS, WILL TAKE ON PEOPLE NEEDED TO WORK ON THE PROJECT.CANADA FINANCE MINISTER: THERE ARE A NUMBER OF ASSETS KINDER MORGAN CANADA HAS RETAINED THAT ARE NOT INTEGRAL TO TRANS MOUNTAIN EXPANSION.CANADA FINANCE MINISTER: PRIME MINISTER TRUDEAU IS SPEAKING NOW TO PREMIERS OF ALBERTA, BRITISH COLUMBIA.CANADA FINANCE MINISTER: WE HAVE NOT BEEN FOCUSED ON TRYING TO SECURE OTHER INVESTORS FOR TRANS MOUNTAIN; HAVE HAD MULTIPLE EXPRESSIONS OF INTEREST.CANADA ENERGY MINISTER: THERE ISN'T ANY LEGISLATION THAT IS REQUIRED FOR TRANS MOUNTAIN DEAL; WE ARE ACTING WITHIN FEDERAL JURISDICTION.CANADA ENERGY MINISTER: WE RESERVE THE RIGHT AS A GOVERNMENT TO LOOK AT OTHER PIECES OF LEGISLATION IF IN THE INTEREST OF MOVING TRANS MOUNTAIN FORWARD.CANADA FINANCE MINISTER: TRANS MOUNTAIN PROJECT WILL NOT HAVE A FISCAL IMPACT.CANADA FINANCE MINISTER: PORTION OF TRANS MOUNTAIN CONSTRUCTION COSTS CAN BE PASSED ON TO OIL COMPANIES IN FORM OF TOLLS.CANADA FINANCE MINISTER SAYS DOESN'T HAVE A TARGET DATE FOR SELLING TRANS MOUNTAIN BACK TO PRIVATE SECTOR.  Full Article

Suncor Comments On Trans Mountain Pipeline Deal
Tuesday, 29 May 2018 08:00am EDT 

May 29 (Reuters) - Suncor::SUNCOR ON TRANS MOUNTAIN PIPELINE DEAL - SUPPORT IMPROVING MARKET ACCESS TO ENSURE CANADA ACHIEVES "FAIR RECOGNITION AND FULL VALUE" FOR ENERGY RESOURCES.SAYS IT SUPPORTS ACTIONS THAT CONTINUE TO ADVANCE CERTAINTY THAT TRANS MOUNTAIN PIPELINE WILL BE BUILT.  Full Article

Canada Finance Minister: We see economic case for Trans Mountain expansion
Wednesday, 16 May 2018 09:34am EDT 

May 16 (Reuters) - Kinder Morgan Inc ::CANADA FINANCE MINISTER: WE SEE THERE'S AN ECONOMIC CASE FOR THE TRANS MOUNTAIN PIPELINE EXPANSION.CANADA FINANCE MINISTER: WE'RE NOT SAYING WE KNOW THE EVENTUAL OUTCOME OF TALKS WITH KINDER MORGAN CANADA.CANADA FINANCE MINISTER, ASKED ABOUT TAKING EQUITY STAKE IN TRANS MOUNTAIN, SAYS WE HAVE COME TO NO CONCLUSIONS YET.CANADA FINANCE MINISTER: WILL ALWAYS TAKE INTO ACCOUNT ANY INTERNATIONAL TRADE AGREEMENTS TO ENSURE ANY AID WOULD BE LEGAL.CANADA FINANCE MINISTER: PIPELINE PROJECTS FACE OTHER BUSINESS RISKS, WE ARE SPECIFICALLY DEALING WITH POLITICALLY RISKS.  Full Article

Canada Energy Minister: prepared to look at many options on Kinder Morgan pipeline
Tuesday, 10 Apr 2018 05:05pm EDT 

April 10 (Reuters) - Kinder Morgan Inc ::CANADA ENERGY MINISTER: GOVERNMENT IS "100 PERCENT" BEHIND KINDER MORGAN PIPELINE.CANADA ENVIRONMENT MINISTER: NOT A MATTER OF WHETHER KINDER MORGAN PIPELINE WILL GO AHEAD BUT HOW.CANADA ENERGY MINISTER REPEATS PREPARED TO LOOK AT MANY OPTIONS ON KINDER MORGAN PIPELINE.  Full Article

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Kinder Morgan faces proposed class action lawsuit on pipeline

Kinder Morgan is facing a proposed class action lawsuit, claiming that a division of the pipeline operator has emitted chemicals and toxic gas that caused damage to property and killed animals.