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Kinder Morgan Inc (KMI)

KMI on New York Consolidated

17.06USD
16 Feb 2018
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Latest Key Developments (Source: Significant Developments)

National Energy Board Says Trans Mountain Expansion Pipeline Cleared For Work At Burnaby Mountain Portal‍​
Thursday, 15 Feb 2018 05:13pm EST 

Feb 15 (Reuters) - National Energy Board::NATIONAL ENERGY BOARD SAYS TRANS MOUNTAIN EXPANSION PIPELINE CLEARED FOR WORK AT BURNABY MOUNTAIN PORTAL‍​.SAYS GRANTED RELIEF FROM ALL REMAINING PRE-CONSTRUCTION CONDITIONS SPECIFIC TO TUNNEL PORTAL AT WESTRIDGE MARINE TERMINAL​.SAYS TRANS MOUNTAIN HAS APPROVALS TO BEGIN WORK AT WESTRIDGE PORTAL BUT CONSTRUCTION NOT YET AUTHORIZED ALONG REST OF PIPELINE ROUTE.  Full Article

Gulf Coast Express Pipeline LLC Announces Binding Open Season For Limited Remaining Capacity
Monday, 5 Feb 2018 05:16pm EST 

Feb 5 (Reuters) - DCP Midstream LP ::GULF COAST EXPRESS PIPELINE LLC ANNOUNCES BINDING OPEN SEASON FOR LIMITED REMAINING CAPACITY.GULF COAST EXPRESS PIPELINE - WITH ADDED CAPACITY, ‍GCX PROJECT TO HAVE TOTAL DESIGN CAPACITY OF 1.98 BILLION CUBIC FEET/DAY AT ESTIMATED COST OF $1.75 BILLION.  Full Article

Kinder Morgan Says Natgas Release Occurred On A Segment Of NGPL
Tuesday, 5 Dec 2017 04:28pm EST 

Dec 5 (Reuters) - KINDER MORGAN ::SAYS AT ABOUT 9:35 A.M. CT TUESDAY MORNING, A SUSPECTED THIRD PARTY LINE STRIKE CAUSED A NATGAS RELEASE ON A 20-INCH LATERAL ON A SEGMENT OF NATURAL GAS PIPELINE COMPANY OF AMERICA'S (NGPL) SYSTEM IN LEE COUNTY, ILLINOIS.SAYS IMPACTED PIPELINE HAS BEEN ISOLATED AND THE AREA HAS BEEN SECURED WITH LOCAL ROAD CLOSURES.  Full Article

Kinder Morgan Expects to Generate $4.57 Bln of Distributable Cash Flow for 2018
Monday, 4 Dec 2017 05:36pm EST 

Dec 4 (Reuters) - Kinder Morgan Inc ::KINDER MORGAN INC - ANNOUNCED ITS PRELIMINARY 2018 FINANCIAL PROJECTIONS.KINDER MORGAN INC - FOR 2018, EXPECT TO GENERATE $4.57 BILLION OF DISTRIBUTABLE CASH FLOW.KINDER MORGAN INC - FOR 2018, EXPECTS TO GENERATE $2.05 DCF PER SHARE AND $7.5 BILLION OF ADJUSTED EBITDA.KINDER MORGAN INC - EXPECTS TO INCREASE DIVIDEND PER COMMON SHARE TO $0.80 PER SHARE IN 2018 ($0.20 PER SHARE FOR Q1 2018).KINDER MORGAN INC - ALSO CONTINUES TO EXPECT TO INCREASE THAT DIVIDEND TO $1.00 PER SHARE IN 2019 AND TO $1.25 PER SHARE IN 2020.KINDER MORGAN INC - EXPECTS TO END 2018 WITH A NET DEBT-TO-ADJUSTED EBITDA RATIO OF 5.1 TIMES.KINDER MORGAN INC - EXPECTS TO INVEST $2.2 BILLION ON EXPANSION PROJECTS AND OTHER DISCRETIONARY SPENDING IN 2018.KINDER MORGAN - 2018 BUDGET ASSUMES TRANS MOUNTAIN EXPANSION PROJECT (TMEP) SPENDING IS A "PRIMARILY PERMITTING" STRATEGY.KINDER MORGAN INC - TRANS MOUNTAIN IS NOT UPDATING ITS COST ESTIMATE AT THIS TIME.KINDER MORGAN - IF UNCERTAINTY AROUND PERMITTING AND JUDICIAL PROCESSES EXTENDS FURTHER INTO 2018, TMEP WOULD EXPECT TO REDUCE ITS 2018 BUDGETED SPEND.KINDER MORGAN-IF UNCERTAINTY AROUND PERMITTING, JUDICIAL PROCESSES EXTENDS FURTHER INTO 2018, TMEP'S DELAY COULD EXTEND BEYOND IN-SERVICE DATE OF SEPT 2020.  Full Article

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

PRESS DIGEST- Canada - Feb 7

Feb 7 The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.