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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)

British Columbia Premier says federal PM told him Ottawa would act on pipeline crisis
Sunday, 15 Apr 2018 

April 15 (Reuters) - Kinder Morgan Inc ::BRITISH COLUMBIA PREMIER HORGAN SAYS HE CONTINUES TO DISAGREE WITH CANADIAN PM AND ALBERTA OVER PLANNED PIPELINE EXPANSION.BRITISH COLUMBIA PREMIER SAYS HE REMAINS COMMITTED TO CLAIMING JURISDICTION OVER RIGHT TO PROTECT OCEANS AND COASTS.BRITISH COLUMBIA PREMIER SAYS WILL PROCEED WITH PLANS TO GO TO PROVINCIAL COURT TO SEE WHO HAS JURISDICTION OVER ENVIRONMENT.BRITISH COLUMBIA PREMIER SAYS FEDERAL PM TRUDEAU TOLD HIM OTTAWA WOULD BE MOVING AHEAD WITH LEGISLATIVE AND FINANCIAL MEASURES IN DAYS TO COME.  Full Article

Meeting between Canada's Trudeau and provincial premiers on pipeline dispute is a first step - official
Friday, 13 Apr 2018 

April 12 (Reuters) - MEETING BETWEEN CANADA'S TRUDEAU AND PROVINCIAL PREMIERS ON PIPELINE DISPUTE IS "A FIRST STEP" TO SOLVING THE PROBLEM, MORE WORK WILL BE NEEDED - SENIOR GOVERNMENT OFFICIAL:.  Full Article

Canada working to make sure pipeline expansion goes ahead -Finance Minister
Thursday, 12 Apr 2018 

April 11 (Reuters) - Kinder Morgan Inc , ::CANADA FINANCE MINISTER SAYS WORKING TO MAKE SURE 'IN SHORT ORDER' THAT THE KINDER MORGAN PIPELINE EXPANSION GOES AHEAD.CANADA FINANCE MINISTER SAYS TALKING TO KINDER MORGAN, DOES NOT ANSWER DIRECTLY WHEN ASKED WHETHER TAKING A STAKE IN THE PIPELINE IS POSSIBLE.CANADA FINANCE MINISTER SAYS HAD A POSITIVE MEETING WITH ALBERTA PREMIER, 'WE HAVE TO ENSURE THE RULE OF LAW IN OUR COUNTRY WORKS'.CANADA FINANCE MINISTER SAYS DOESN'T SEE A NEED TO REFER THE MATTER TO THE SUPREME COURT.CANADA FINANCE MINISTER SAYS GOVERNMENT HAS NOT YET DECIDED WHAT TO DO ABOUT ENSURING THE PIPELINE EXPANSION GOES AHEAD.  Full Article

Kinder Morgan Sees Placement Of $3.2 Bln Of Growth Projects In Commercial Service During 2018‍​
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Kinder Morgan Inc ::KINDER MORGAN SEES PLACEMENT OF $3.2 BILLION OF GROWTH PROJECTS IN COMMERCIAL SERVICE DURING 2018 ‍​.KINDER MORGAN - IN 2018, EXPECT TO FUND ALL INVESTMENT NEEDS, OTHER THAN DEBT MATURITIES, WITH INTERNAL CASH FLOW.KINDER MORGAN - U.S. TAX REFORM TO HAVE ONE-TIME, NON-CASH NEGATIVE IMPACT OF ABOUT $1.4 BILLION TO GAAP EARNINGS.KINDER MORGAN SAYS INITIATED $2 BILLION BUYBACK IN DEC 2017, 1 MONTH AHEAD OF ORIGINAL TARGET‍​.KINDER MORGAN SEES TOTAL SUSTAINING CAPITAL EXPENDITURES OF $664 MILLION FOR 2018.  Full Article

Kinder Morgan Qtrly Adjusted Earnings Per Common Share $0.21‍​
Thursday, 18 Jan 2018 

Jan 17 (Reuters) - Kinder Morgan Inc ::KINDER MORGAN DECLARES DIVIDEND OF $0.125 FOR FOURTH QUARTER OF 2017.- Q4 LOSS OF $0.47 IN EARNINGS PER COMMON SHARE.- QTRLY ADJUSTED EARNINGS PER COMMON SHARE $0.21‍​.- QTRLY REVENUES $3,632 MILLION VERSUS $3,389 MILLION.Q4 EARNINGS PER SHARE VIEW $0.18, REVENUE VIEW $3.50 BILLION -- THOMSON REUTERS I/B/E/S.- BUDGETED TO INVEST $2.2 BILLION IN GROWTH PROJECTS DURING 2018‍​.- KMI WILL TAKE AN ESTIMATED APPROXIMATELY $1.4 BILLION NON-CASH ACCOUNTING CHARGE FOR 4TH QUARTER.KINDER MORGAN - ‍FOR 2018, KMI'S BUDGET IS SET TO DECLARE DIVIDENDS OF $0.80 PER COMMON SHARE, ACHIEVE DCF OF ABOUT $4.57 BILLION ($2.05 PER COMMON SHARE).- ‍FOR 2018, KMI SEES ADJUSTED EBITDA OF APPROXIMATELY $7.5 BILLION​.- "REDUCED CORPORATE INCOME TAX RATE CAUSES CERTAIN DEFERRED-TAX ASSETS TO BE REVALUED AT 21 PERCENT VERSUS 35 PERCENT".- CURRENT PROJECT BACKLOG IS ESSENTIALLY FLAT WITH LAST QUARTER AT $11.8 BILLION.  Full Article

Kinder Morgan Says Natgas Release Occurred On A Segment Of NGPL
Wednesday, 6 Dec 2017 

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
Tuesday, 5 Dec 2017 

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
Thursday, 19 Oct 2017 

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: Orlando terminal back in service, fully operational
Saturday, 8 Oct 2016 

Kinder Morgan Inc : Kinder Morgan says Orlando terminal is back in service and fully operational . Kinder Morgan says "We anticipate restarting CFPL pipelines later (Friday) evening." (Reporting by Nithin Prasad in Bengaluru) ((BLRCEEditorial@thomsonreuters.com;)).  Full Article

Valero acquires 100 percent ownership of Parkway Pipeline
Wednesday, 13 Jul 2016 

Valero Energy Corp : Valero acquires 100 percent ownership of Parkway Pipeline . Valero funded acquisition with cash . Bought remaining 50 percent membership interest in Parkway Pipeline Llc from a wholly owned subsidiary of Kinder Morgan . Parkway pipeline separately executed a connection agreement with colonial pipeline co. . Parkway pipeline will construct, own, and operate a new lateral segment to connect pipeline to colonial pipeline system near Collins .Valero energy partners lp has a right of first offer to acquire valero's initial 50 percent interest in parkway pipeline.  Full Article

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Canada's Caisse pension fund reveals stake in Kinder Morgan

TORONTO Canada's second biggest public pension fund, Caisse de depot, held a 7.8 percent stake in Kinder Morgan Canada Ltd at the end of last year, according to its annual report, making it the largest independent shareholder of the pipeline company at the center of a contentious expansion project.