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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 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

Southern Co, Kinder Morgan enter Southern Natural Gas pipeline strategic venture
Monday, 11 Jul 2016 

Southern Co : Southern company, kinder morgan enter southern natural gas pipeline strategic venture . Acquiring 50 percent equity interest in southern natural gas (sng) pipeline systemkinder morgan will continue to operate system . Transaction equates to sng total enterprise value of about $4.15 billion, implies $1.47 billion for southern co's 50 percent equity interest .Expects to finance initial purchase, as well as any related future growth opportunities in a credit-supportive manner.  Full Article

Kinder Morgan Terminals signs 10-year agreement with Nucor Corporation
Wednesday, 6 Jul 2016 

Kinder Morgan Terminals Signs 10 : Year agreement with Nucor Corporation . Says value of agreement is approximately $900 million .Says agreement with nucor corporation to provide in-plant services for five of Nucor's facilities.  Full Article

Kinder Morgan sells 50 pct stake in in Utopia pipeline project to Riverstone Investment Group
Tuesday, 28 Jun 2016 

Kinder Morgan Inc : Kinder Morgan sells 50 pct equity interest in Utopia pipeline project to Riverstone Investment Group . Says total project cost is estimated to be approximately $500 million . Riverstone Investment Group LLC will become a 50 percent partner in Utopia Pipeline Project . Riverstone to fund its share of future capital expenditures necessary to complete construction. Commissioning of pipeline project . Riverstone agreed to an upfront cash payment provided at closing . Riverstone's upfront cash payment consists of reimbursement to KMI for 50 percent share of prior capital expenditures related to project .Riverstone's upfront cash payment also consists of a payment in excess of capital expenditures.  Full Article

CORRECTED-RPT-NuStar, other energy partnerships simplify business models to spur growth

HOUSTON, Feb 20 Some publicly-traded U.S. energy pipeline and oil-storage partnerships are restructuring into simpler business models to help attract new investors and spur growth.