16.47 0.00 (0.00%)
After hours: 4:45PM EDT
|Bid||16.45 x 500|
|Ask||16.49 x 100|
|Day's Range||16.37 - 16.62|
|52 Week Range||14.69 - 21.25|
|PE Ratio (TTM)||1,647.00|
|Earnings Date||Jul 17, 2018 - Jul 23, 2018|
|Forward Dividend & Yield||0.50 (3.26%)|
|1y Target Est||21.35|
Kinder Morgan’s (KMI) Natural Gas Pipelines segment’s earnings grew 6% YoY (year-over-year) in 1Q18. The segment reported adjusted EBDA (earnings before depreciation and amortization) of $1.08 billion in the quarter, up from $1.02 billion in 1Q17. The earnings growth was partly driven by cold winter weather and higher drilling activity. The segment’s natural gas transport volumes rose 10% YoY in 1Q18, and its natural gas gathering volumes rose 1% YoY.
Kinder Morgan (KMI) announced its 1Q18 results on April 18, 2018. The company reported EPS (earnings per share) of $0.22, beating analysts’ EPS estimates of $0.21 for the quarter. Kinder Morgan’s DCF (distributable cash flow) for 1Q18 stood at $1,247 million, up 3% from the $1,215 million seen in 1Q17. The DCF growth was driven by higher earnings by KMI’s Natural Gas Pipelines and CO2 segments.
Canada is still talking to Kinder Morgan Canada Ltd about financial aid for a pipeline, Natural Resources Minister Jim Carr said on Thursday, a day after the company said such help might not be enough. The chairman of parent company Kinder Morgan Inc said the offer would not help resolve resistance in the Pacific province of British Columbia, where the government opposes plans to almost triple the capacity of an oil pipeline from Alberta to the west coast. Asked for his reaction to the comments, Carr told reporters that Ottawa was talking to the company.
Canadian Prime Minister Justin Trudeau said on Thursday a Kinder Morgan oil pipeline at the center of a dispute would be built in a way which best serves the interests of Canadians. Speaking in London, Trudeau said he had asked the finance minister to engage in discussions with Kinder Morgan on the project. "I have asked the finance minister to engage in discussions, financial discussions, with Kinder Morgan and that's exactly what is going on," he said.
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. Caisse de depot et placement du Quebec [CDPDA.UL], which discloses its shareholdings in Canadian companies once a year, said it acquired the stake in the period following Kinder Morgan Canada's initial public offering last May and before it announced plans to reduce its carbon footprint by 25 percent per dollar invested last October. Kinder Morgan, a unit of Kinder Morgan Inc , is at the center of an escalating crisis over a planned C$7.4 billion ($5.9 billion) Trans Mountain oil pipeline that will almost triple the capacity of its line from Alberta to the Pacific province of British Columbia.
After an eventful two weeks, Kinder Morgan is growing increasingly pessimistic about the prospects of its $5.9-billion Trans Mountain pipeline project
Kinder Morgan's (KMI) first-quarter 2018 results benefit from higher contribution from the liquid terminals and the Texas Interstate System.
On April 11, 2018, Mizuho cut Magellan Midstream Partners’ (MMP) price target from $72 to $66. On the same day, Ladenburg Thalmann cut MMP’s price target from $87 to $78. Analysts’ mean price target for Magellan Midstream is $74.
Kinder Morgan Inc said on Wednesday that recent events confirm an investment in the Trans Mountain pipeline expansion may be "untenable" and said Ottawa's pledge of financial support does not resolve political risk related to British Columbia's opposition. The comments come as the British Columbia (B.C.) government pledged to file a legal challenge by month-end to determine whether it has the jurisdiction to stop the C$7.4 billion ($5.9 billion) project, which was approved by the federal government in 2016 and would nearly triple capacity on the pipeline from Alberta to a Vancouver-area port. Kinder Morgan Canada , a unit of Kinder Morgan, halted most spending on the expansion earlier this month and set a May 31 deadline to decide if it would scrap the project entirely, citing legal and jurisdictional issues.
On a per-share basis, the Houston-based company said it had profit of 22 cents. The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research ...
Kinder Morgan Inc. shares rose more than 2% in the extended session Wednesday after the energy infrastructure company beat adjusted per-share earnings expectations and announced a 60% increase in its dividend compared with the last quarter.
Kinder Morgan Canada, which was spun off from parent Kinder Morgan Inc in May last year, reported a net income of C$44.4 million ($35.17 million) for the first quarter ended March 31, down from C$46.8 million for the same period last year. The company, which earlier this month suspended work on its expansion of the Trans Mountain pipeline, moved 289,000 barrels per day (bbl/d) of crude and refined products through the pipeline down from 307,000 (bbl/d) a year earlier. Texas-based Kinder Morgan separately reported net income available to common stockholders of $485 million, or 22 cents per share, in the quarter to the end of March, compared with $401 million, or 18 cents per share, a year earlier.
Kinder Morgan, Inc. today announced that its board of directors approved a cash dividend of $0.20 per share for the first quarter payable on May 15, 2018, to common stockholders of record as of the close of business on April 30, 2018.
Caisse de Depot et Placement du Quebec disclosed a large stake in Kinder Morgan Canada Ltd., potentially bringing the country’s second-largest pension fund manager into the acrimonious fight over the Trans Mountain pipeline expansion. Montreal-based Caisse held 10.2 million shares as of Dec. 31, according to its annual report released Tuesday. The stake, worth about C$181 million ($143 million) at Wednesday’s prices, would make it the largest outside holder of Kinder’s Canadian unit, amounting to about 3 percent of the stock in the pipeline company or 7.8 percent of the publicly available shares.
Kinder Morgan Inc (NYSE:KMI) saw significant share price volatility over the past couple of months on the NYSE, rising to the highs of $19.63 and falling to the lows ofRead More...
Kinder Morgan is getting ready for a series of big dividend increases, but this pair have been rewarding investors for years.
Canadian Prime Minister Justin Trudeau and Alberta Premier Rachel Notley have signaled they could put money behind Kinder Morgan Inc.’s Trans Mountain pipeline expansion as they vow to make sure it gets ...