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Kinder Morgan, Inc. (KMI)
NYSE - NYSE Delayed Price. Currency in USD
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At close: 4:00PM EDT
9,783 reactions on $KMI conversation
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Here's the bottom line on KMI. DCF was good for the second quarter showing that the divi / distribution is being covered . Overall KMI financials are tracking solidly quarter to quarter. We can't expect an unusual bounce in cash flow as we saw in the first quarter.'
So what is the problem? Generally I think it lies with the markdown of assets. Sure we bought two entities but in the end those were offset by the write down of assets. Yes the write down is considered a non recurring event, but if such write downs occur on a regular basis then it is in reality a normal part of doing business. we will see what happens in the future.
The bottom line is you own this stock for its divi and don't expect two much in share appreciation. Share buybacks look like they have been pushed to the back burner for now. Debt to EBITA looks nice but remember that this ratio is impacted by the EBITA being increased buy the boost in earnings from the storm, so best to look forward to next year and expect it to climb back up to 4.5 as they have telegraphed.
Mizuho Securities Adjusts Kinder Morgan's Price Target to $22 From $21, Reiterates Buy Rating
My thoughts on earnings --- somewhat disappointed.
Divi remains safe and debt is under control, BUT
-- Taken aback by magnitude of asset impairment which is out of the blue. That blows!
-- Lack of any quantified NET growth drivers is the problem. Earnings flat to slightly down for as far as I can see.
-- Asset impairment suggests problems or at lest longer term concerns in their core operations in a key market
Was hoping for more positive longer term guidance.
I change my opinion from buy to hold. Will remain for dividend as that is important to me, but not expecting much appreciation in share price
Safe, stable, good income but a lack of growth prospects.
An aside, I saw no indication of their buying any shares -- or did I miss something?
Maybe they plan to engage this now and why year end debt targets are higher than I hoped?
I am NOT a big fan of buybacks, but they do gain the divi cost for those shares acquired.
Not the strong earnings beat that I had anticipated; but call was not too bad either. I trimmed my position a bit after hours.
The Company remains a reliable cash-generating machine with well-covered dividend and I'll stay for the yield.
Fully contracted does not mean full capacity. We have plenty of room to earn more on the unexpected.
Surprised my order at 16.99 filled so early this morning -- bought back 1000 shares I sold the other day but continue to hold a much larger long-term position. KMI and OKE are great long term div producers but its hard not to do some shorter term trading as they move up/down so freely.
All the Do-Dah Day
KMI down nearly 10% from July 9 to July 19. Big haircut.
Guidance reduced for coming Qtr.
If you're going to exit, it may plump up just before ex-div net week.
I’m sticking with kmi. Again, I could have done better, elsewhere, but including all the dividends I have received over the last 7 years, I am well ahead. Cramer and all the other ‘analysts’ can say what they want. Thanks to everyone for their posts.
Markets are at record highs and KMI was $44.67 on 4-23-2015. Just a reminder.
More writedowns, getting to be like the banks. Can't ever predict an actual profit. I love this stock, but dam!
I havent studied the financials close enough to figure why...
But the big news here should be LTD DECREASED BY ANOTHER $1 BILLION...
THATS BIG SIHT!!!
KMI historically changes distributions on an annual basis; so look for that discussion in Q4's earnings report; we will know the direction of commodity markets much clearer by then.
Sometimes the div. is cash payment.
Other times the div. reduces the cost basis.
2nd qtr. was good. Keep in mind the economy was still locked down in the first quarter. The 3rd and 4th qtr.s will be stronger. The acquisitions will add value. We’re going higher.
IDK... with growth opportunities limited... KMI it appears will be using that FCF to buy assets on the cheap....
Remember... KMI sold KMI Canada @ 13Xs TTM EBITDA in 2019.... (and thats a vibrant 2018ish EBITDA) we now see KMI make two transactions in less than 3 Months at 6-8Xs TTM EBITDA (2020 ish) that was already somewhat depressed by Covid... (these deals could be at 4-6Xs 2018/2019 EBITDA)
Its hard to argue with the logic of what they are doing... but with no published #s we are in the dark as to the potential of this...
If a rebounding economy lifts all ships... the strategy is rock solid...
And dipping ones toe into green energy does not hurt
RNG from dairy farms, landfills, wastewater facilities, etc is considered carbon **negative**
Watch the industry explode, driven by both economics and climate policy
KMI will be smack in the middle, driving Company value higher via selective/solid return investments while returning excess cash to shareholders at a very attractive dividend rate
Buy, hold and relax
natgas price is zooming, now at 3.93. exports to foreign countries doing very well. don't think covid is going to shut down businesses again.
RK will be back adding shares once div is paid.
To Cheap to resist!
Earning report after the bell. Miss, meet, or beat?
KMI- didn't factor in the Texas storm, $70 WTI, $3.60 Nat Gas, gasoline demand back to precovid , and jet fuel 90% of precovid when they did their 2021 forecast. This is going to be a big year for KMI! LNG demand is also very robust!
Does anyone know how their cost of service contracts work with inflation on their regulated pipes? Do they get to tack on the 5% CPI rate?
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