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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)

Kinder Morgan says Q3 earnings per share $0.15
Wednesday, 18 Oct 2017 04:05pm EDT 

Oct 18 (Reuters) - Kinder Morgan Inc :Q3 earnings per share $0.15.Q3 earnings per share view $0.15 -- Thomson Reuters I/B/E/S.Kinder Morgan Inc - qtrly revenue $‍​3,281 million versus $3,330 million.Kinder Morgan Inc - continues to expect to declare dividends of $0.50 per share for 2017 before increasing dividend to $0.80 per share for 2018​.Kinder Morgan Inc - Qtrly ‍adjusted earnings per common share $0.15​.Kinder Morgan Inc - ‍estimates Hurricane Harvey will have 2017 DCF impact of about $20 million, excluding repair costs treated as certain items​.Kinder Morgan Inc - ‍now expects to end 2017 year with a net debt-to-adjusted EBITDA ratio of approximately 5.2 times​.  Full Article

Kinder Morgan, DCP Midstream, Targa Resources to develop GCX pipeline
Wednesday, 4 Oct 2017 04:05pm EDT 

Oct 4 (Reuters) - Targa Resources Corp :Kinder Morgan, DCP Midstream and Targa Resources enter into letter of intent to jointly develop Gulf Coast Express pipeline project.Capacity of GCX project is expected to be approximately 1.92 billion cubic feet per day​.Per terms of letter of intent, KMI would build, operate and own a 50 percent interest in GCX project.DCP Midstream and Targa would each hold a 25 percent equity interest in project.Expected in-service date of pipeline continues to be scheduled for second half of 2019​.  Full Article

Kinder morgan says terminals along houston ship channel, gulf coast secured mobilizing resources to resume full operations as soon as possible
Monday, 28 Aug 2017 06:42pm EDT 

Kinder Morgan Inc :Kinder morgan says terminals along houston ship channel, gulf coast secured; mobilizing resources to resume full operations as soon as possible.  Full Article

Kinder Morgan Q2 earnings per share $0.15
Wednesday, 19 Jul 2017 04:05pm EDT 

July 19 (Reuters) - Kinder Morgan Inc ::Kinder morgan announces expected 60% dividend increase for 2018 and projects 25% annual dividend growth from 2018 through 2020.Q2 earnings per share $0.15.Q2 earnings per share view $0.15 -- Thomson Reuters I/B/E/S.Kinder morgan inc says expects to declare dividends of $0.50 per share for 2017.Kinder morgan inc says expect to continue to fund all growth capital through operating cash flows with no need for external funding for growth capital at kmi.Kinder morgan inc - "current project backlog is $12.2 billion, up from $11.7 billion at end of q1".Kinder morgan inc - kmi announced expects to declare an annual dividend of $0.80 per share for 2018, a 60 percent increase from expected 2017 dividend.Kinder morgan inc - company plans to increase its dividend to $1.00 per share in 2019 and $1.25 per share in 2020, a growth rate of 25 percent annually.Kinder morgan inc - qtrly revenue $3,368 million versus. $3,144 million last year.Kinder morgan - as result of ipo of canadian assets, kmi now expects to end year with a net debt-to-adjusted ebitda ratio of approximately 5.2 times.Kinder morgan inc - as a result of successful ipo of its canadian assets, kmi now expects to end year with growth capital investment of $3.1 billion.Qtrly natural gas transport volumes were up 3 percent compared to q2 of 2016.  Full Article

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

Canada's Burnaby, B.C., hits back at Kinder Morgan in pipeline dispute

Oct 27 The city of Burnaby, British Columbia, accused Kinder Morgan Canada Ltd of disrespecting municipal regulations on Friday, after the company appealed to Canada's energy regulator for approval to start work on its Trans Mountain oil pipeline.