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Kinder Morgan Canada Ltd (KML.TO)

KML.TO on Toronto Stock Exchange

15.24CAD
22 Feb 2019
Change (% chg)

$0.08 (+0.53%)
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Volume
179,706
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146,622
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$59.04
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Latest Key Developments (Source: Significant Developments)

Kinder Morgan Canada Ltd - QTRLY Revenue C$ 105.2 Million Versus C$95.0 Million
Thursday, 17 Jan 2019 

Kinder Morgan Canada Ltd ::KINDER MORGAN CANADA LIMITED DECLARES DIVIDEND AND ANNOUNCES RESULTS FOR FOURTH QUARTER OF 2018.Q4 INCOME FROM CONTINUING OPERATIONS OF $40.3 MILLION, AN INCREASE OF $22.3 MILLION.IN Q4, KML GENERATED EARNINGS PER SPLIT-ADJUSTED RESTRICTED VOTING SHARE FROM CONTINUING OPERATIONS OF $0.30.IN QUARTER KML PRODUCED DCF FROM CONTINUING OPERATIONS OF $0.53 PER SPLIT-ADJUSTED RESTRICTED VOTING SHARE.QTRLY EARNINGS IN TERMINALS SEGMENT WERE UP 13 PERCENT COMPARED TO Q4 OF 2017.KML'S BOARD OF DIRECTORS HAS ALSO SUSPENDED, UNTIL FURTHER NOTICE, KML'S DRIP, EFFECTIVE JANUARY 16, 2019.QTRLY PIPELINE SEGMENT EARNINGS WERE UP 39 PERCENT COMPARED TO Q4 OF 2017.QTRLY REVENUE C$ 105.2 MILLION VERSUS C$95.0 MILLION.Q4 REVENUE VIEW C$99.0 MILLION -- REFINITIV IBES DATA.IN LIGHT OF LAST YEAR'S TRANS MOUNTAIN SALE, KML CONTINUES TO EVALUATE ALL OPTIONS.  Full Article

Kinder Morgan Canada Shareholders Vote To Approve Reduction In Stated Capital & Share Consolidation
Friday, 30 Nov 2018 

Nov 29 (Reuters) - Kinder Morgan Canada Ltd ::SHAREHOLDERS VOTE TO APPROVE REDUCTION IN STATED CAPITAL AND SHARE CONSOLIDATION.KINDER MORGAN CANADA - SHAREHOLDERS VOTE TO APPROVE REDUCTION OF STATED CAPITAL ACCOUNT OF RESTRICTED VOTING SHARES BY TOTAL AMOUNT EQUAL TO $1.45 BILLION.KINDER MORGAN CANADA - VOTING IN FAVOR OF SPECIAL RESOLUTION APPROVING REDUCTION IN STATED CAPITAL WERE 322.9 MILLION (OR 99.9986 PERCENT) OF SHARES VOTED.KINDER MORGAN CANADA LTD - KML BOARD DECLARED A RETURN OF CAPITAL IN AMOUNT OF $11.40 PER RESTRICTED VOTING SHARE.KINDER MORGAN CANADA LTD - KML EXPECTS RESTRICTED VOTING SHARES TO COMMENCE TRADING ON A "DUE BILL" BASIS AT OPENING ON DECEMBER 13, 2018.KINDER MORGAN CANADA - SHAREHOLDERS VOTE TO APPROVE A CONSOLIDATION OF ISSUED & OUTSTANDING RESTRICTED VOTING SHARES AND SPECIAL VOTING SHARES OF CO.KINDER MORGAN CANADA - RETURN OF CAPITAL IS PAYABLE OUT OF KML'S PORTION OF NET PROCEEDS FROM ITS SALE OF TRANS MOUNTAIN PIPELINE SYSTEM.KINDER MORGAN CANADA LTD - KML ALSO SET EFFECTIVE DATE FOR SHARE CONSOLIDATION ON JANUARY 4, 2019..KINDER MORGAN CANADA - SHARE CONSOLIDATION TO BE EFFECTED ON BASIS OF 1 POST-CONSOLIDATION SHARE FOR EVERY 3 PRE-CONSOLIDATION SHARES.  Full Article

Canada Development Investment Corp - Trans Mountain Corp board will be chaired by William Downe
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Kinder Morgan Canada Ltd ::CANADA DEVELOPMENT INVESTMENT CORP - TRANS MOUNTAIN CORP BOARD WILL BE CHAIRED BY WILLIAM DOWNE.CANADA DEVELOPMENT INVESTMENT CORP - TRANS MOUNTAIN BOARD WILL INCLUDE IAN ANDERSON, CURRENT PRESIDENT AND CEO OF TRANS MOUNTAIN.  Full Article

Kinder Morgan Canada Ltd Enters Credit Agreement Establishing C$500 Million Revolving Unsecured Credit Facility
Friday, 7 Sep 2018 

Sept 6 (Reuters) - Kinder Morgan Canada Ltd ::KINDER MORGAN CANADA LTD - ON AUG 31, KINDER MORGAN COCHIN ULC ENTERED CREDIT AGREEMENT ESTABLISHING A C$500 MILLION REVOLVING UNSECURED CREDIT FACILITY.KINDER MORGAN CANADA SAYS NEW CREDIT AGREEMENT PROVIDES FOR MATURITY DATE OF AUGUST 31, 2022 - SEC FILING.  Full Article

Kinder Morgan Canada Says Shareholders Voted To Approve Trans Mountain Pipeline Sale
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - Kinder Morgan Canada Ltd ::KINDER MORGAN CANADA LIMITED - SHAREHOLDERS VOTE TO APPROVE SALE OF TRANS MOUNTAIN PIPELINE AND EXPANSION PROJECT.KINDER MORGAN CANADA - KML SHAREHOLDERS VOTED TO APPROVE SALE OF TRANS MOUNTAIN PIPELINE SYSTEM & TRANS MOUNTAIN EXPANSION PROJECT TO CANADA.KINDER MORGAN CANADA LTD - EXPECT TO CLOSE TRANSACTION AS EARLY AS AUGUST 31, 2018.KINDER MORGAN CANADA LTD - THOSE VOTING IN FAVOR OF SPECIAL RESOLUTION WERE 324,524,791, OR 99.98 PERCENT.KINDER MORGAN CANADA - 87.70 PERCENT OF KML'S SHARES ENTITLED TO VOTE WERE VOTED AT MEETING.  Full Article

Canada 'absolutely committed' to building Trans Mountain pipeline - Finance Minister
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - Finance Minister Bill Morneau, speaking at a news conference::CANADA FINANCE MINISTER SAYS REVIEWING COURT OF APPEAL DECISION ON TRANS MOUNTAIN OIL PIPELINE CAREFULLY.CANADA FINANCE MINISTER SAYS EXPECTS TO CLOSE PURCHASE OF TRANS MOUNTAIN PIPELINE AS EARLY AS FRIDAY, SEES IT IN NATIONAL INTEREST.CANADA FINANCE MINISTER BILL MORNEAU, ASKED ABOUT POSSIBLE APPEAL OF PIPELINE RULING, SAYS HAS NOT REACHED CONCLUSIONS.CANADA 'ABSOLUTELY COMMITTED TO MOVING FORWARD' WITH TRANS MOUNTAIN PIPELINE - FINANCE MINISTER.  Full Article

Scotiabank mortgage sales up 5 percent in latest quarter
Tuesday, 28 Aug 2018 

Aug 28 (Reuters) - Bank of Nova Scotia ::SCOTIABANK CEO SAYS US-MEXICO NAFTA PRELIMINARY DEAL "A SOLID STEP IN THE RIGHT DIRECTION".SCOTIABANK CEO SAYS MORTGAGE SALES UP ABOUT 5 PERCENT FROM A YEAR AGO IN LATEST QUARTER.SCOTIABANK CEO SAYS EXPECTS CANADA TO ACHIEVE NAFTA DEAL WITH U.S. "IN THE COMING WEEKS".  Full Article

Canadian regulator approves changes to Trans Mountain pipeline terminal
Saturday, 23 Jun 2018 

June 22 (Reuters) - Canada's National Energy Board said on Friday::CANADA'S NATIONAL ENERGY BOARD APPROVES APPLICATION TO ALTER PLANS FOR BURNABY TERMINAL OF TRANS MOUNTAIN OIL PIPELINE -NEB.CHANGES DESIGNED TO IMPROVE SAFETY AT TRANS MOUNTAIN PIPELINE END POINT -NEB.DECISION AS WELL AS TWO MORE ABOUT RISK ASSESSMENT, QUALITY MANAGEMENT ALLOW START OF CONSTRUCTION AT BURNABY TERMINAL -NEB.  Full Article

Kinder Morgan Canada - On June 14, Co's Unit Trans Mountain Pipeline L.P. Entered Into Non-Revolving, Unsecured Construction Credit Facilities
Saturday, 16 Jun 2018 

June 15 (Reuters) - Kinder Morgan Canada Ltd ::KINDER MORGAN CANADA - ON JUNE 14, CO'S UNIT TRANS MOUNTAIN PIPELINE L.P. ENTERED INTO NON-REVOLVING, UNSECURED CONSTRUCTION CREDIT FACILITIES.KINDER MORGAN CANADA SAYS ENTERED INTO CREDIT FACILITIES PURSUANT TO CREDIT AGREEMENT OF UP TO C$1 BILLION - SEC FILING.KINDER MORGAN CANADA SAYS ENTERED INTO CREDIT AGREMENT OF UP TO C$1 BILLION TO FACILITATE RESUMPTION OF TMEP PLANNING AND CONSTRUCTION WORK.  Full Article

Kinder Morgan execs to stay with Canada-owned oil pipeline
Tuesday, 5 Jun 2018 

June 4 (Reuters) - Kinder Morgan Canada ::PRESIDENT IAN ANDERSON, VP DAVID SAFARI TO CONTINUE WORKING ON TRANS MOUNTAIN PIPELINE UNDER FEDERAL OWNERSHIP-REGULATORY FILING.ANDERSON, SAFARI TO BE PAID $1.5 MILLION RETENTION BONUSES, PAYABLE IN EQUAL PARTS ON JULY 2019, JULY 2020-REGULATORY FILING.  Full Article

UPDATE 1-Pipeline operator Kinder Morgan Canada's profit surges

Jan 16 Kinder Morgan Canada Ltd said on Wednesday its quarterly profit from continuing operations more than doubled as the company benefited from strong performance in its pipeline and terminal business.