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. reports news about a U.S. energy infrastructure business centered on natural gas pipelines, working gas storage, and refined products, crude oil and condensate transportation. Updates around KMI include quarterly financial results, cash dividends, segment volume trends, project backlog changes, and expansion activity tied to natural gas demand from power generation and local distribution customers.
Company announcements also cover customer open seasons and commercial commitments for refined products pipeline capacity, including projects that use existing Kinder Morgan assets. Operational commentary commonly addresses natural gas system utilization, products pipelines transport rates, crude and condensate volumes, and pipeline conversions to natural gas liquids service.
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.