KMI - Kinder Morgan, Inc.

NYSE - NYSE Delayed Price. Currency in USD
20.18
+0.04 (+0.20%)
At close: 4:00PM EDT
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Previous Close20.14
Open20.10
Bid20.10 x 21500
Ask20.16 x 2900
Day's Range20.03 - 20.32
52 Week Range14.62 - 21.50
Volume13,660,049
Avg. Volume12,271,706
Market Cap45.684B
Beta (3Y Monthly)0.96
PE Ratio (TTM)20.22
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.00 (4.97%)
Ex-Dividend Date2019-07-30
1y Target EstN/A
Trade prices are not sourced from all markets
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    Oil & Gas Stock Roundup: ConocoPhillips' Australia Asset Sale, Phillips 66's Buyback & More

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  • TheStreet.com

    [video]Kinder Morgan Expected to Earn 24 Cents a Share

    Kinder Morgan Inc. is expected to report net income of $524.1 million, or 24 cents a share, on sales of $3.5 billion after the market closes on Wednesday, based on a FactSet survey of 16 analysts. In the same period a year ago, the company posted earnings of 21 cents a share on sales of $3.

  • Should You Sell Kinder Morgan (KMI) Before Earnings?
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    Should You Sell Kinder Morgan (KMI) Before Earnings?

    Kinder Morgan (KMI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

  • The Zacks Analyst Blog Highlights: Kinder Morgan, Wells Fargo, NVR, United Airlines and Ally Financial
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    The Zacks Analyst Blog Highlights: Kinder Morgan, Wells Fargo, NVR, United Airlines and Ally Financial

    The Zacks Analyst Blog Highlights: Kinder Morgan, Wells Fargo, NVR, United Airlines and Ally Financial

  • Kinder Morgan (KMI) Stock Sinks As Market Gains: What You Should Know
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    Kinder Morgan (KMI) Stock Sinks As Market Gains: What You Should Know

    Kinder Morgan (KMI) closed the most recent trading day at $20.23, moving -0.05% from the previous trading session.

  • Is a Beat Likely for Kinder Morgan (KMI) in Q3 Earnings?
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    Is a Beat Likely for Kinder Morgan (KMI) in Q3 Earnings?

    Kinder Morgan's (KMI) third-quarter 2019 results are likely to get a boost from strong demand for natural gas transportation assets.

  • 5 Stocks Likely to Win Big Next Week on Q3 Earnings
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  • Kinder Morgan (KMI) Brings Elba Island LNG Terminal Online
    Zacks

    Kinder Morgan (KMI) Brings Elba Island LNG Terminal Online

    Kinder Morgan (KMI) is likely to have around 2.5 million tons per year of LNG for export, once the whole Elba Island LNG project comes online.

  • Do Hedge Funds Love Kinder Morgan Inc (KMI)?
    Insider Monkey

    Do Hedge Funds Love Kinder Morgan Inc (KMI)?

    World-class money managers like Ken Griffin and Barry Rosenstein only invest their wealthy clients' money after undertaking a rigorous examination of any potential stock. They are particularly successful in this regard when it comes to small-cap stocks, which their peerless research gives them a big information advantage on when it comes to judging their worth. […]

  • Kinder Morgan (KMI) to Report Q3 Results: Wall Street Expects Earnings Growth
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    Kinder Morgan (KMI) to Report Q3 Results: Wall Street Expects Earnings Growth

    Kinder Morgan (KMI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Is Kinder Morgan, Inc. (NYSE:KMI) A Good Dividend Stock?
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    Is Kinder Morgan, Inc. (NYSE:KMI) A Good Dividend Stock?

    Dividend paying stocks like Kinder Morgan, Inc. (NYSE:KMI) tend to be popular with investors, and for good reason...

  • The Zacks Analyst Blog Highlights: Energy Transfer, Kinder Morgan, Archrock, USA Compression Partners and CSI Compressco
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    The Zacks Analyst Blog Highlights: Energy Transfer, Kinder Morgan, Archrock, USA Compression Partners and CSI Compressco

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  • Where Williams Companies Stock Could Be Headed Now
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    Compressors are essential infrastructure that enable the transport of natural gas through pipelines.

  • Reuters

    U.S. regulator OKs start of Elba Island LNG production for Kinder Morgan

    U.S. regulators approved Kinder Morgan's request to start production of liquefied natural gas at the first plant of its new export facility, a year after it had been originally due to begin operations, filings showed this week. It is also quite unusual among U.S. facilities, employing modular technology to build much smaller "trains," or plants, than its peers at 0.3 million tonnes a year (mtpa) capacity compared to around 5 mtpa for other U.S. trains. The Federal Energy Regulatory Commission (FERC) approved its request to "commence service for liquefaction and export activities" at the first train in a filing dated Sept. 30.

  • The Zacks Analyst Blog Highlights: BP, ExxonMobil, Marathon Petroleum, Transocean and Kinder Morgan
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    The Zacks Analyst Blog Highlights: BP, ExxonMobil, Marathon Petroleum, Transocean and Kinder Morgan

    The Zacks Analyst Blog Highlights: BP, ExxonMobil, Marathon Petroleum, Transocean and Kinder Morgan

  • Kinder Morgan (KMI) Stock Moves -0.59%: What You Should Know
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    Kinder Morgan (KMI) Stock Moves -0.59%: What You Should Know

    Kinder Morgan (KMI) closed the most recent trading day at $20.17, moving -0.59% from the previous trading session.

  • Oil & Gas Stock Roundup: BP & ExxonMobil's Multibillion Dollar Deals Steal the Show
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  • Here's Why You Should Retain Kinder Morgan (KMI) Stock Now
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    Here's Why You Should Retain Kinder Morgan (KMI) Stock Now

    Kinder Morgan (KMI) has the largest network of natural gas pipelines, spreading across almost 84,000 miles, in North America.

  • Pipeline Billionaires Cling to Partnership Model Others Shun
    Bloomberg

    Pipeline Billionaires Cling to Partnership Model Others Shun

    (Bloomberg) -- Pipeline owners that ditched a partnership structure in favor of becoming corporations are performing better than their tax-shielded peers. But that isn’t convincing everyone to convert.Even though the number of publicly traded master-limited partnerships dwindled by more than one-third in the past four years as enthusiasm for the model waned, a few stalwarts are keeping the structure, saying any possible benefits are overshadowed by the tax hit investors would incur.With the tax burden -- and additional governance measures -- that come from converting, even the promise of a higher market value and lower borrowing costs might not be enough to change minds. The giants of the pipeline partnership space -- Energy Transfer LP and Enterprise Products Partners LP -- aren’t signaling any imminent plans to ditch the MLP model.“It doesn’t look like something Energy Transfer or Enterprise would want to do,” said Simon Lack, a managing partner at SL Advisors LLC, which advises family offices and institutional investors. Being a partnership “isn’t impeding them from growing because they’re just funding their growth projects internally and with a little bit of debt.”Master limited partnerships, or MLPs, that once dominated the U.S. pipeline sector have become an endangered species since the crude-market crash of 2014-2016 diminished access to capital markets and investors frowned on dilutive new equity issuances that historically powered the sector’s growth planes.Pipeline corporations traded at 11.4 times earnings during the second quarter, excluding taxes and other expenses, according to Bloomberg Intelligence. That compared to 10 times earnings for their MLP counterparts. And while the corporations are trading at multiples in line with the five-year average, the big MLPs are about 17% below the trendline.Moreover, for the past year corporations like Kinder Morgan Inc., Oneok Inc. and Enbridge Inc. have beaten the units of Energy Transfer and Enterprise.For the billionaire founding families behind Energy Transfer and Enterprise, the biggest deterrent to conversion may be the multimillion-dollar tax obligations they would invite by abandoning the MLP haven, Lack said.The Duncan family, whose late patriarch Dan Duncan founded Enterprise, owns roughly a third of the Houston-based pipeline operator. Kelcy Warren, founder and chief executive officer of Energy Transfer, holds a 9.4% in the limited partner and controls the general partner.Tax BurdensThe tax bill that would come with being a corporation would come in around $340 million a year for the Duncans, according to Lack’s calculations. For Warren, the bill would be about $65 million annually, based on last year’s net income, but “that figure will increase over the next few years,” Lack said.Enterprise spokesman Rick Rainey declined to comment on “such rank and uninformed speculation.” Energy Transfer also declined to comment.“We don’t like paying tax. We don’t think our unitholders like us to subject them to tax,” Warren said on a conference call last year. “However, if we find that there’s compelling reason that if we have the c-corp currency that would help us fund our growth, help all of our unitholders, then we are certainly open to that, and we’ll continually look at it.”The pipeline-partnership structure, pioneered by Texas billionaire Rich Kinder in the 1990s, flourished during the first decade-and-a-half of the century, when the number publicly-traded MLPs reached about 90. But Kinder was among the first to abandon the model when the tax benefits began to be eroded by higher borrowing costs.$54 Billion EnterpriseIn a sweeping $44 billion, 2014 consolidation, Kinder rolled MLPs he controlled into a single corporation: Kinder Morgan Inc. Although the makeover lowered investor payouts, it left the company holding more cash to fund new projects or acquire rivals, Kinder said at the time.In the latest swipe at the MLP model, Elliott Management Corp. on Wednesday urged Marathon Petroleum Corp. to pursue a breakup that would include converting its pipeline MLP to a corporation and spinning off some of the shares to Marathon Petroleum investors.Elliott estimated Marathon Petroleum’s pipeline business has an enterprise value of about $54 billion, on par with that of Kinder, according to a 45-page presentation published Wednesday.Aside from the tax implications, though, any MLP mulling a conversion to a corporation would have to comply with governance standards their billionaire backers may be loathe to entertain, said Jeff Jorgensen, portfolio manager and director of research at Brookfield Asset Management Inc.’s Public Securities Group.“They would have to change their board, they would have to change the way they operate from a corporate governance standpoint,” Jorgensen said. “In doing so, they open themselves up to activism. If you think about an Energy Transfer, does Kelcy Warren just invite activism tomorrow?”(Updates with response from Energy Transfer in 11th paragraph)To contact the reporter on this story: Rachel Adams-Heard in Houston at radamsheard@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Joe CarrollFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • What Differentiates Energy Transfer Stock from Its Peers?
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    Energy Transfer stock is currently trading at a distribution yield of 9.4%, one of the highest among its peers. Its historical average yield is around 7%.

  • Reuters

    New Kinder Morgan pipeline frees natgas long-trapped in Permian

    A new $1.75 billion natural gas pipeline went into service in Texas on Wednesday with enough capacity to supply 10 million U.S. homes per day. Kinder Morgan Inc started commercial service on its 2 billion cubic feet per day (bcfd) Gulf Coast Express natural gas pipeline slightly ahead of schedule, providing much-needed takeaway capacity from the Permian region in West Texas and eastern New Mexico. The Permian is the biggest U.S. production area for crude and the second biggest for natural gas.

  • Stock Market News for Sep 25, 2019
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    Stock Market News for Sep 25, 2019

    Major indexes closed in the red on Tuesday after President Donald Trump accused China as he spoke to the United Nations General Assembly.