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Kinder Morgan Inc - KMI STOCK NEWS

Welcome to our dedicated news page for Kinder Morgan (Ticker: KMI), a resource for investors and traders seeking the latest updates and insights on Kinder Morgan.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Kinder Morgan's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Kinder Morgan's position in the market.

News
Rhea-AI Summary
Kinder Morgan, Inc. (KMI) will hold an Investor Day in Houston on January 24, 2024, to discuss its strategy, long-term outlook, fiscal year 2023 results, and 2024 financial budget. The event will be available for viewing on KMI's website via live and on-demand audio webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.23%
Tags
none
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Rhea-AI Summary
Kinder Morgan, Inc. raises 2024 financial guidance and approves a cash dividend of $0.2825 per share ($1.13 annualized) for the fourth quarter. The company reports a 2% increase in dividends compared to the fourth quarter of 2022, along with decreased fourth quarter earnings per share (EPS) and distributable cash flow (DCF) per share. The company's net income, adjusted earnings, and DCF for the quarter have also decreased compared to the fourth quarter of 2022. Despite this, the company's executive chairman, Richard D. Kinder, emphasizes the company's strong balance sheet and commitment to returning value to shareholders. The company has also made strategic investments in the energy transition, with a focus on lower-carbon energy investments. KMI's preliminary budget for 2024 forecasts an increase in EPS, DCF per share, and Adjusted EBITDA compared to 2023, with an unchanged expectation to declare dividends of $1.15 per share for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.42%
Tags
earnings
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Rhea-AI Summary
Kinder Morgan, Inc. (NYSE: KMI) will release its fourth quarter 2023 earnings results on January 17, 2024, after the market close. The company will hold a live webcast and conference call, accessible via the internet or phone. The call will be archived on the company's website, and a recording will be available for replay until February 17, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.55%
Tags
earnings
Rhea-AI Summary
Kinder Morgan, Inc. (NYSE: KMI) closed on its $1.815 billion acquisition of NextEra Energy Partners' South Texas assets, including the NET Mexico pipeline, Eagle Ford Midstream, and a 50% interest in Dos Caminos LLC. The acquisition integrates well with KMI's existing South Texas footprint and extends direct connectivity in the lean area of the Eagle Ford Basin, allowing greater access to low-nitrogen natural gas supply for LNG customers. KMI expects the acquisition to be accretive to its preliminary 2024 budget guidance, with the purchase price equal to 8.6 times the 2024 EBITDA and a long-term investment-to-EBITDA multiple of approximately 7.0-7.5 times, inclusive of commercial synergies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.28%
Tags
acquisition
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Rhea-AI Summary
NextEra Energy Partners, LP (NYSE: NEP) closed the sale of its Texas natural gas pipeline portfolio to Kinder Morgan, Inc. for $1.815 billion. The portfolio consists of 7 pipelines, with an expected 2023 adjusted EBITDA of approximately $180 million. The sale price represents a 10 times multiple on the estimated 2023 adjusted EBITDA. After meeting closing conditions, the net proceeds of $1.4 billion will be used for equity buyouts of STX Midstream and NEP Renewables II convertible equity portfolio financings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.28%
Tags
none
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Rhea-AI Summary
NextEra Energy Partners, LP (NYSE: NEP) closed the sale of its Texas natural gas pipeline portfolio to Kinder Morgan, Inc. for $1.815 billion. The portfolio consists of 7 pipelines, with an expected 2023 adjusted EBITDA of approximately $180 million. The sale price represents a 10 times multiple on the estimated 2023 adjusted EBITDA. After meeting closing conditions, the net proceeds of $1.4 billion will be used for equity buyouts of STX Midstream and NEP Renewables II convertible equity portfolio financings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.46%
Tags
none
Rhea-AI Summary
NextEra Energy Partners, LP (NYSE: NEP) closed the sale of its Texas natural gas pipeline portfolio to Kinder Morgan, Inc. for $1.815 billion. The portfolio consists of 7 pipelines, with an expected 2023 adjusted EBITDA of approximately $180 million. The sale price represents a 10 times multiple on the estimated 2023 adjusted EBITDA. After meeting closing conditions, the net proceeds of $1.4 billion will be used for equity buyouts of STX Midstream and NEP Renewables II convertible equity portfolio financings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.98%
Tags
none
-
Rhea-AI Summary
Kinder Morgan, Inc. (NYSE: KMI) projects a 5% growth in Adjusted EBITDA, distributable cash flow, and DCF per share in 2024. The company anticipates an annualized dividend of $1.15, a 7th consecutive year of dividend increase, and a net income attributable to KMI per share of $1.21, up 11% from 2023. Expected growth in DCF and DCF per share would have been higher if not for increased sustaining capex driven by expanded regulatory requirements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.96%
Tags
none
-
Rhea-AI Summary
NextEra Energy Partners has entered into a definitive agreement with Kinder Morgan to sell its Texas natural gas pipeline portfolio for $1.815 billion. The sale is expected to close in the first half of 2024 and is subject to certain conditions. The portfolio consists of seven pipelines that provide natural gas to Mexico and power producers in South Texas. The estimated adjusted EBITDA for 2023 is $181 million, with a sale price multiple of approximately 10 times. The proceeds from the sale will be used to pay off debt, complete buyouts, and pay down the corporate revolver.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.72%
Tags
none
Rhea-AI Summary
NextEra Energy Partners has entered into a definitive agreement with Kinder Morgan to sell its Texas natural gas pipeline portfolio for $1.815 billion. The sale is expected to close in the first half of 2024 and is subject to certain conditions. The portfolio consists of seven pipelines that provide natural gas to Mexico and power producers in South Texas. The estimated adjusted EBITDA for 2023 is $181 million, with a sale price multiple of approximately 10 times. The proceeds from the sale will be used to pay off debt, complete buyouts, and pay down the corporate revolver.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.98%
Tags
none
Kinder Morgan Inc

NYSE:KMI

KMI Rankings

KMI Stock Data

40.28B
1.93B
12.77%
64.42%
1.31%
Pipeline Transportation of Natural Gas
Transportation and Warehousing
Link
United States
Houston

About KMI

kinder morgan is the largest energy infrastructure company in north america. we own an interest in or operate approximately 84,000 miles of pipelines and approximately 165 terminals. our pipelines transport natural gas, refined petroleum products, crude oil, carbon dioxide (co2) and more. we also store or handle a variety of products and materials at our terminals such as gasoline, jet fuel, ethanol, coal, petroleum coke and steel. we are a market leader in each of our businesses – natural gas pipelines, products pipelines, co2, terminals and kinder morgan canada. we have an unparalleled, large footprint of diversified and strategically located assets that are core to north american energy infrastructure and help deliver needed energy products to high-demand markets. please visit www.kindermorgan.com to learn more about our company.