|Bid||0.00 x 1800|
|Ask||0.00 x 900|
|Day's Range||17.41 - 18.02|
|52 Week Range||14.69 - 19.83|
|Beta (3Y Monthly)||0.62|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 15, 2019 - Jan 21, 2019|
|Forward Dividend & Yield||0.80 (4.45%)|
|1y Target Est||21.79|
On October 18, Valero Energy (VLO) announced an agreement to acquire Valero Energy Partners (VLP). Valero Energy Partners rose 6.8% on October 19. It rose 9.4% last week.
The energy sector’s midstream segment outperformed the broader energy sector in the week that ended on October 19. The Alerian MLP Index ended the week on a flat note, whereas the Energy Select Sector SPDR ETF (XLE) fell 2%.
Kinder Morgan (KMI) made a final investment decision on the $2 billion Permian Highway Pipeline project in September. The company is developing the project in partnership with EagleClaw Midstream Ventures. Apache (APA) has the option to acquire an interest in the project from the initial partners—Kinder Morgan and EagleClaw Midstream Ventures. The above graph shows Kinder Morgan’s capital expenditure over the last four years.
Kinder Morgan’s (KMI) adjusted net debt-to-adjusted EBITDA ratio was 4.6x at the end of the third quarter. The ratio improved from 5.1x at the end of 2017 and 4.9x at the end of the second quarter. The adjusted net debt excludes ~$919 million of cash that will go to Kinder Morgan Canada’s (KML.TO) public shareholders. At the end of the third quarter, Kinder Morgan’s adjusted net debt was $34.5 billion—down from ~$36.6 billion at the end of the second quarter.
Kinder Morgan’s (KMI) total segmental EBDA (earnings before depreciation and amortization) rose by $89 million YoY (year-over-year) to $1.882 billion in the third quarter—$81 million came from the Natural Gas Pipelines segment. The segment contributed 54% to Kinder Morgan’s total segmental EBDA for the quarter. The segment’s earnings growth was driven by increased drilling activity in the Bakken, Haynesville, and Eagle Ford basins, increased Permian activity, higher DJ Basin production, and new projects.
Kinder Morgan (KMI) reported its third-quarter results on October 17. Kinder Morgan’s DCF (distributable cash flow) in the third quarter rose ~3.6% YoY (year-over-year) to $1.093 billion. The growth in the company’s DCF was driven by higher earnings across its segments, except the Kinder Morgan Canada segment. The Kinder Morgan Canada segment’s earnings fell due to the sale of the Trans Mountain project, which was completed on August 31. Kinder Morgan’s DCF for the quarter was ~$650 million more than the declared dividends for the quarter.
Headed into Friday’s action, it’s the stock charts of Kinder Morgan (NYSE:KMI), Danaher (NYSE:DHR) and Viacom (NASDAQ:VIAB) that look like they have the most to offer traders. Kinder Morgan is a name we’ve looked at more than a few times of late, waiting to see if it will break above a key technical ceiling at $18.37. Click to Enlarge • Yesterday’s move to the ceiling at $18.37, plotted in yellow, is suspicious in that Kinder Morgan shares only has to kiss that level to draw out the profit-takers.
Rising profits – Ebitda was up 6 percent, year over year – and that Canadian pipeline sale have helped address Kinder Morgan’s biggest problem, its crushing debt. Thankfully, it provided a strong signal on Wednesday evening that it would.
Kinder Morgan (KMI) announced its third-quarter results on October 17 after the markets closed. The company announced an adjusted EPS of $0.21—up ~40% compared to $0.15 in the third quarter of 2017. The reported EPS, including gains on the Trans Mountain sale, was $0.31. The analyst-adjusted EPS was $0.22, which was ~3.6% higher than the consensus estimates for the quarter. Kinder Morgan’s third-quarter revenues were $3.517 billion, which missed the estimates by ~1.2%.
Investing.com - Kinder Morgan (NYSE:KMI) reported third quarter earnings that matched analyst's expectations on Wednesday and revenue that fell short of forecasts.
Kinder Morgan (NYSE:KMI) stock was falling slightly after hours Wednesday as the company reported its latest quarterly earnings results late in the day, which included earnings that came in ahead of what analysts were calling for, but the company’s revenue was below Wall Street’s expectations. For its third quarter of fiscal 2018, the natural gas company posted earnings of $732 million, which came in at about roughly 31 cents per share. In the year-ago quarter, Kinder Morgan posted adjusted earnings of 15 cents per share.
Kinder Morgan (KMI) delivered earnings and revenue surprises of 5.00% and -3.11%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
Kinder Morgan Canada Ltd's third-quarter profit surged as it recorded a one-time gain of C$1.31 billion from the sale of its TransMountain pipeline. Its parent, U.S.-based Kinder Morgan Inc, closed the sale of the controversial Trans Mountain pipeline to the Canadian government for C$4.5 billion in August. Kinder Morgan Canada said net income rose to C$1.35 billion in the three months ended Sept. 30, from C$42.4 million, a year earlier.
Kinder Morgan Canada Ltd's third-quarter profit surged as it recorded a one-time gain of C$1.31 billion from the sale of its TransMountain pipeline. The company said on Wednesday it expects to return about ...
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Kinder Morgan Canada Limited Declares Dividend and Announces Results for Third Quarter of 2018
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Investors will be looking at another busy day for earnings and economic data on Wednesday while a rally in Netflix shares after the market close on Tuesday could give markets a pop.