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Kinder Morgan Canada Ltd (KML.TO)

KML.TO on Toronto Stock Exchange

16.71CAD
16 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Kinder Morgan Canada Announces Commencement Of Operations At Base Line Terminal
Monday, 15 Jan 2018 05:00pm EST 

Jan 15 (Reuters) - Kinder Morgan Canada Ltd ::KINDER MORGAN ANNOUNCES COMMENCEMENT OF OPERATIONS AT THE 4.8 MILLION BARREL BASE LINE TERMINAL.‍ REMAINING EIGHT TANKS AT FACILITY ARE EXPECTED TO BE PHASED INTO SERVICE THROUGHOUT 2018​.KINDER MORGAN CANADA - ‍COMMENCEMENT OF SERVICE FOR FIRST 4 OF 12 CRUDE OIL STORAGE TANKS AT BASE LINE TERMINAL.  Full Article

Kinder Morgan Canada Says NEB Issued Order Granting Relief Requested By Trans Mountain Pipeline
Thursday, 7 Dec 2017 10:24pm EST 

Dec 7 (Reuters) - Kinder Morgan Canada Ltd ::KINDER MORGAN CANADA LTD SAYS NEB ISSUED AN ORDER GRANTING RELIEF REQUESTED BY TRANS MOUNTAIN PIPELINE ULC.KINDER MORGAN CANADA LTD SAYS OTHER RELIEF REQUESTED IN THIS MOTION IS PENDING IN A SEPARATE PROCEEDING.  Full Article

Kinder Morgan Canada Launches $200 Million Bought Deal Preferred Share Offering
Wednesday, 6 Dec 2017 11:08am EST 

Dec 6 (Reuters) - Kinder Morgan Canada Ltd ::KINDER MORGAN CANADA LIMITED LAUNCHES $200 MILLION BOUGHT DEAL PREFERRED SHARE OFFERING.KINDER MORGAN CANADA -UNDERWRITERS AGREED TO PURCHASE 8 MILLION CUMULATIVE REDEEMABLE MINIMUM RATE RESET PREFERRED SHARES, SERIES 3 AT PRICE OF $25/SHARE.KINDER MORGAN CANADA - INTENDS TO USE PROCEEDS FROM OFFERING TO INDIRECTLY SUBSCRIBE FOR PREFERRED UNITS IN KINDER MORGAN CANADA LIMITED PARTNERSHIP.  Full Article

Kinder Morgan Canada Expects to Generate $349 Mln Distributable Cash Flow for 2018
Monday, 4 Dec 2017 05:17pm EST 

Dec 4 (Reuters) - Kinder Morgan Canada Ltd ::KINDER MORGAN CANADA LIMITED ANNOUNCES 2018 FINANCIAL EXPECTATIONS.KINDER MORGAN CANADA LTD - EXPECTS TO GENERATE $474 MILLION OF ADJUSTED EBITDA FOR 2018.KINDER MORGAN CANADA LTD - EXPECTS TO GENERATE $349 MILLION OF DISTRIBUTABLE CASH FLOW FOR 2018.KINDER MORGAN CANADA LTD - EXPECTS TO INVEST $1.9 BILLION ON EXPANSION PROJECTS AND OTHER DISCRETIONARY SPENDING IN 2018.KINDER MORGAN CANADA - SCOPE, PACE OF PERMITS & APPROVALS FOR TMEP DOES NOT ALLOW FOR SIGNIFICANT ADDITIONAL CONSTRUCTION TO BEGIN AT THIS TIME.KINDER MORGAN CANADA LTD - EXCLUDING AEDC, ADJUSTED EBITDA AND DCF ARE BUDGETED TO BE $403 MILLION AND $278 MILLION, RESPECTIVELY FOR 2018.KINDER MORGAN CANADA - FILED MOTIONS WITH NATIONAL ENERGY BOARD TO RESOLVE EXISTING DELAYS IN TMEP AS THEY RELATE TO CITY OF BURNABY.  Full Article

KINDER MORGAN CANADA FILES REQUEST WITH THE NATIONAL ENERGY BOARD
Tuesday, 14 Nov 2017 11:55am EST 

Nov 14 (Reuters) - Kinder Morgan Canada Ltd ::KINDER MORGAN CANADA FILES REQUEST WITH THE NEB.KINDER MORGAN CANADA LTD - CO'S ‍SUBSIDIARY, TRANS MOUNTAIN, FILED A REQUEST TO NATIONAL ENERGY BOARD FURTHER TO ITS MOTION OF OCTOBER 29, 2017​.KINDER MORGAN CANADA - REQUEST FOR BOARD SET UP PROCESS TO DEAL WITH DISAGREEMENTS, WITH PROVINCIAL & MUNICIPAL AUTHORITIES TRANSPARENTLY & EFFICIENTLY​.  Full Article

Kinder Morgan Canada reports qtrly revenue of $167.0 mln
Wednesday, 18 Oct 2017 04:05pm EDT 

Oct 19 (Reuters) - Kinder Morgan Canada Ltd :Kinder Morgan Canada Ltd declares dividends and announces results for third quarter of 2017.Kinder Morgan Canada Ltd - in the third quarter, KML generated earnings per restricted voting share of $0.11‍​.Qtrly revenues $167.0 million versus $169.5 mln‍​.Kinder Morgan Canada Ltd - ‍pending receipt of some further permits and approvals, clearing and other construction activities will commence year in Alberta.Kinder Morgan Canada Ltd - ‍net income for quarter was impacted by a favorable change in foreign exchange loss​.Kinder Morgan Canada Ltd says construction preparation activity is off to a slower start than planned in ‍trans mountain project.Kinder Morgan Canada Ltd - delay in trans mountain​ project's ‍construction preparation activity due to time required to file for necessary permits, approvals.  Full Article

Trans Mountain announces contractors for expansion project
Wednesday, 6 Sep 2017 04:33pm EDT 

Sept 6 (Reuters) - Kinder Morgan Canada Ltd :Trans Mountain announces contractors for expansion project.Kinder Morgan Canada Ltd - ‍pipeline construction and associated terminal expansions are expected to take approximately 28 months to complete​.Kinder Morgan Canada Ltd says construction activity is expected to begin in September 2017, with pipeline expected to be in operation at end of 2019.  Full Article

Kinder Morgan Canada Ltd launches $200 mln bought deal preferred share offering
Thursday, 3 Aug 2017 09:10am EDT 

Aug 3 (Reuters) - Kinder Morgan Canada Ltd :Kinder Morgan Canada Limited launches $200 million bought deal preferred share offering.Kinder Morgan Canada Ltd - Offering of 8 million cumulative redeemable minimum rate reset preferred shares, series 1 at a price of $25.00 per share.Kinder Morgan Canada - Intends to use proceeds from offering to indirectly subscribe for preferred units in Kinder Morgan Canada Limited partnership​.  Full Article

Kinder Morgan Canada Ltd announces qtrly ‍revenues $168.7 million
Wednesday, 19 Jul 2017 04:05pm EDT 

July 19 (Reuters) - Kinder Morgan Canada Ltd :Kinder Morgan Canada Limited announces second quarter results and declares partial-period dividend of $0.0571 per restricted voting share.Kinder Morgan Canada Ltd - Qtrly ‍revenues $168.7 million versus $165.8​ million.Kinder Morgan Canada Ltd qtrly basic and diluted earnings per restricted voting share $0.11‍​.Kinder Morgan Canada Ltd - For 2017, expects to generate adjusted EBITDA of just under $400 million, DCF of approximately $320 million.Kinder Morgan Canada - On track to begin construction on trans mountain expansion project in September.Kinder Morgan Canada Ltd - Q2 net income was also impacted by a foreign exchange loss of $16 million versus an FX gain of $5.8 million in Q2 of 2016.Kinder Morgan Canada - Expect to have trans mountain expansion project in service at the end of 2019‍​.Q2 earnings per share view C$0.14, revenue view c$183.8 million -- Thomson Reuters I/B/E/S.Kinder Morgan Canada Ltd - ‍Trans Mountain expansion project has remaining estimated cash spend to completion of approximately $6.1 billion as of end of Q2​.  Full Article

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Kinder Morgan Canada shares surge after ruling on pipeline permits

TORONTO/CALGARY, Alberta Shares in Kinder Morgan Canada Ltd rose as much as 9.5 percent to a four-month high early on Friday, after a favorable ruling by the country's energy regulator on its Trans Mountain pipeline expansion boosted prospects of the contentious project.