Welcome to our dedicated page for Kinder Morgan Del news (Ticker: KMI), a resource for investors and traders seeking the latest updates and insights on Kinder Morgan Del stock.
Kinder Morgan, Inc. (NYSE: KMI) is frequently in the news due to its scale as one of the largest energy infrastructure companies in North America and its role in natural gas, refined products and terminal operations. Company announcements often highlight developments across its extensive pipeline and storage network, which it describes as including approximately 79,000 miles of pipelines, 139 terminals and more than 700 billion cubic feet of working natural gas storage capacity.
News about KMI commonly covers quarterly and annual financial results, dividend declarations and forward-looking financial expectations. These releases include management commentary on Adjusted EBITDA, Adjusted EPS, Net Debt and project backlogs, along with explanations of non-GAAP financial measures used to evaluate performance and leverage. Investors following KMI’s news can see how the company frames its earnings, capital allocation and leverage targets over time.
Kinder Morgan’s news flow also features project announcements and updates. Examples in recent releases include intrastate and interstate natural gas pipeline projects, expansions to serve LNG export facilities and power generation markets, and investments in gathering systems. The company provides details on project scope, expected capacity, capital costs and anticipated in-service timing, often noting that projects are supported by long-term or firm transportation commitments.
In addition, KMI appears in joint announcements with partners such as Phillips 66, describing proposed refined products pipelines like the Western Gateway Pipeline that would connect Texas origin points to markets in Arizona and California with connectivity to Las Vegas via Kinder Morgan’s CALNEV Pipeline. Other news items reference expansions of renewable diesel and sustainable aviation fuel feedstock storage, as well as Kinder Morgan’s renewable natural gas generation capacity.
For investors and observers, the KMI news stream provides insight into financial performance, capital projects, regulatory filings, credit rating developments and the company’s positioning in natural gas, LNG supply chains, refined products transportation and energy transition-related activities.
A pioneering Responsibly Sourced Gas (RSG) pilot project has launched in Colorado, involving a collaboration among a natural gas producer, a municipal utility, and Project Canary. Colorado Springs Utilities will purchase certified RSG from Bayswater Exploration & Production, processed by Rimrock Energy Partners and transported by Kinder Morgan's Colorado Interstate Gas Company. This initiative aims to enhance sustainability and reduce methane emissions in the natural gas value chain, supported by advanced monitoring technologies and independent certification from Project Canary, a Denver-based B-Corp.
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.