Kinder Morgan Inc Del Stock Price, News & Analysis

Kinder Morgan and Brookfield Infrastructure Partners announced the sale of a 25% minority interest in Natural Gas Pipeline Company of America (NGPL) to ArcLight Capital for $830 million. This transaction values NGPL at approximately $5.2 billion, representing 11.2 times its 2020 EBITDA. Post-sale, both KMI and Brookfield will each hold a 37.5% interest in NGPL, which plays a significant role in transporting natural gas to the Chicago market and LNG export facilities. The deal is expected to close in Q1 2021.

Representatives of Kinder Morgan (KMI) will host virtual presentations on January 27, 2021, during the Kinder Morgan 2021 Investor Day. They will discuss fiscal year 2020 results, the 2021 near-term outlook, and KMI's long-term plans. Interested parties can access materials and audio webcasts on KMI’s website. The live presentations will start at 8 a.m. CT, with an archived version available for 90 days. Kinder Morgan operates approximately 83,000 miles of pipelines and 144 terminals, providing energy transportation and storage services across North America.

Kinder Morgan's board has declared a $0.2625 cash dividend per share for Q4 2020, marking a 5% increase from Q4 2019, payable on February 16, 2021. The company reported net income of $607 million and distributable cash flow of $1,250 million, down 8% YoY. KMI aims for a 3% dividend increase for 2021, forecasting a total of $1.08 per share. The Permian Highway Pipeline was completed, enhancing capacity. Despite challenges from the pandemic, KMI maintains optimism for recovery, citing strong cash flow and a robust balance sheet.

Kinder Morgan (NYSE: KMI) announced the full commercial in-service of the Permian Highway Pipeline (PHP) on January 1, 2021. PHP delivers natural gas from Waha to Katy, Texas, providing approximately 2.1 billion cubic feet per day of capacity, reducing gas flaring in the Permian Basin. The pipeline is fully subscribed under long-term contracts, enhancing economic value and environmental benefits for Texas. The project is a collaboration with Kinder Morgan Texas Pipeline, EagleClaw Midstream, and Altus Midstream.

Kinder Morgan (NYSE: KMI) announced the retirement of Fayez Sarofim from its board of directors, effective December 31, 2020. Sarofim had been a member since 1999, contributing valuable guidance throughout his tenure. Executive Chairman Rich Kinder expressed gratitude for his insights, while Sarofim acknowledged KMI's substantial growth during his service. Notably, the board does not plan to appoint a successor at this time. Kinder Morgan remains a major energy infrastructure company, operating approximately 83,000 miles of pipelines and 147 terminals across North America.

Kinder Morgan, Inc. (KMI) announced its preliminary financial projections for 2021, expecting significant improvements over 2020. A net income of $2.1 billion is forecasted, largely due to 2020 asset impairments. Projected distributable cash flow (DCF) is $4.4 billion, reflecting a 3% decrease from 2020 due to lower re-contracting rates and crude volumes. The company aims for a $1.08 per share annualized dividend, a 3% increase, and plans to repurchase shares worth up to $450 million. Capital investments of $0.8 billion are anticipated for expansion projects.

Kinder Morgan, Inc. (NYSE: KMI) has published its 2019 Environmental, Social and Governance (ESG) report, showcasing its commitment to safe and responsible energy delivery. The report includes metrics on electricity, renewable energy, air emissions, and community investments. Notably, KMI has exceeded its methane emissions intensity target, achieving rates of 0.04%, 0.02%, and 0.03% from 2017 to 2019, well below the 0.31% goal set for 2025. The full report is available on the company's website, reinforcing KMI's transparency and dedication to sustainability.

Kinder Morgan, Inc. (NYSE: KMI) announced a cash dividend of $0.2625 per share for Q3 2020, reflecting a 5% increase compared to Q3 2019. The dividend is payable on November 16, 2020, to stockholders of record as of November 2, 2020. Q3 net income was $455 million, down from $506 million YoY, while distributable cash flow (DCF) decreased 5% to $1,085 million. The company aims to maintain a healthy balance sheet while managing capital expenditures, with a projected net debt-to-Adjusted EBITDA ratio of 4.6 times.

Kinder Morgan, Inc. (NYSE: KMI) will release its third quarter 2020 earnings results on October 21, 2020, at 3:30 p.m. CT. Investors can join the earnings webcast via this link or listen by phone. A replay will be available until November 21, 2020. Kinder Morgan operates approximately 83,000 miles of pipelines and 147 terminals, providing critical energy transportation and storage services across North America.