Edition:
United States

Kinder Morgan Canada Ltd (KML.TO)

KML.TO on Toronto Stock Exchange

16.69CAD
4:00pm EDT
Change (% chg)

$0.06 (+0.36%)
Prev Close
$16.63
Open
$16.60
Day's High
$16.75
Day's Low
$16.52
Volume
223,394
Avg. Vol
534,756
52-wk High
$20.00
52-wk Low
$14.93

Latest Key Developments (Source: Significant Developments)

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

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

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 says question of Ottawa taking stake in Kinder Morgan's pipeline expansion "is on the table"
Monday, 9 Apr 2018 05:31pm EDT 

April 9 (Reuters) - :CANADA ENERGY MINISTER SAYS QUESTION OF OTTAWA TAKING STAKE IN KINDER MORGAN'S PIPELINE EXPANSION 'IS ON THE TABLE,' ADDING 'WE ARE NOT RULING ANYTHING OUT'.CANADA ENERGY MINISTER SAYS SPOKE TO KINDER MORGAN ON SATURDAY ABOUT DECISION TO HALT WORK ON PIPELINE AND 'THEY WERE UP FRONT WITH US, WE UNDERSTAND WHERE THEY ARE COMING FROM'.  Full Article

Canada's PM: had good conversations with Alberta, B.C. Premiers
Monday, 9 Apr 2018 01:46pm EDT 

April 9 (Reuters) - Kinder Morgan Inc ::CANADA PM SAYS KINDER MORGAN'S TRANS MOUNTAIN EXPANSION WILL BE BUILT, SAYS HOPES BC GOVERNMENT WILL STOP OBSTRUCTING IT.CANADA'S TRUDEAU, ASKED WHAT HE WILL DO TO ENSURE KINDER MORGAN'S PLANNED PIPELINE EXPANSION GOES AHEAD, DOES NOT ANSWER DIRECTLY.CANADA'S TRUDEAU, ASKED IF FEDERAL GOVERMENT IS READY TO INVEST IN THE KINDER MORGAN PIPELINE, SAYS CONSIDERING A RANGE OF OPTIONS, GIVES NO DETAILS.CANADA'S PM SAYS HAD GOOD CONVERSATIONS ON SUNDAY NIGHT WITH PREMIERS OF ALBERTA AND BRITISH COLUMBIA, GIVES NO DETAILS.  Full Article

Alberta Premier: Not inaccurate to say Kinder Morgan affair becoming constitutional crisis
Monday, 9 Apr 2018 12:40pm EDT 

April 9 (Reuters) - Kinder Morgan Inc ::ALBERTA PREMIER NOTLEY SAYS NOT INACCURATE TO SAY KINDER MORGAN AFFAIR IS BECOMING A CONSTITUTIONAL CRISIS.ALBERTA PREMIER SAYS PROVINCE'S ENERGY INDUSTRY NEEDS THE FEDERAL GOVERNMENT TO DO MORE.ALBERTA PREMIER SAYS PREPARED TO DO WHATEVER IT TAKES TO GET PIPELINE BUILT, INCLUDING TAKING A STAKE IN THE PROJECT.ALBERTA PREMIER SAYS SHE IS "VERY HOPEFUL THERE IS A WAY FORWARD FOR ALL OF US".  Full Article

CFIB Releases Statement On Trans Mountain Pipeline Expansion
Monday, 9 Apr 2018 11:40am EDT 

April 9 (Reuters) - Canadian Federation Of Independent Business::CANADIAN FEDERATION OF INDEPENDENT BUSINESS RELEASES STATEMENT ON TRANS MOUNTAIN PIPELINE EXPANSION.CALLING ON FEDERAL GOVERNMENT TO TAKE "IMMEDIATE ACTION" TO CREATE CERTAINTY THAT WILL ALLOW TRANS MOUNTAIN PIPELINE EXPANSION PROJECT TO GO FORWARD.  Full Article

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

Kinder Morgan Canada Qtrly Basic And Diluted Earnings Per Restricted Voting Share $0.11
Wednesday, 17 Jan 2018 04:05pm EST 

Jan 17 (Reuters) - Kinder Morgan Canada Ltd ::KINDER MORGAN CANADA LIMITED DECLARES DIVIDENDS AND ANNOUNCES RESULTS FOR FOURTH QUARTER OF 2017.- ‍CONTINUES TO PURSUE PRIMARILY PERMITTING STRATEGY ON TRANS MOUNTAIN EXPANSION PROJECT​.KINDER MORGAN CANADA - 2018 BUDGET CONTEMPLATES DIVIDEND OF $0.65/RESTRICTED VOTING SHARE, ACHIEVE DCF OF ABOUT $349 MILLION, ADJUSTED EBITDA OF $474 MILLION.- QTRLY REVENUE C$183.6 MILLION VERSUS C$174.2 MILLION.- QTRLY BASIC AND DILUTED EARNINGS PER RESTRICTED VOTING SHARE $0.11 ‍​.Q4 EARNINGS PER SHARE VIEW C$0.19 -- THOMSON REUTERS I/B/E/S.  Full Article

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

British Columbia challenges Alberta wine ban in oil row

VANCOUVER British Columbia said on Monday that it will formally challenge a ban of its wine by Alberta under Canada's national free-trade pact, as a battle between the two provinces over a crude oil pipeline expansion project rages on.