Kinder Morgan Inc Del Stock Price, News & Analysis

Kinder Morgan, Inc. (NYSE: KMI) has completed a $135 million acquisition of North American Natural Resources, Inc. (NANR) and its related companies, adding seven landfill gas-to-power facilities in Michigan and Kentucky. KMI plans a $175 million investment to convert up to four facilities into renewable natural gas (RNG) operations, expected to generate around 2 billion cubic feet of RNG annually by early 2024. The acquisition enhances KMI's RNG capacity to 7.7 Bcf per year, positioning the company as a leader in the RNG sector.

Kinder Morgan, Inc. (NYSE: KMI) released its 2021 Environmental, Social and Governance (ESG) report three months earlier than usual, enhancing stakeholder access to ESG data. Key features include new metrics on community engagement, property tax payments, and employee training for females and minorities. The updated report aligns with the Task Force on Climate-related Financial Disclosures and includes comprehensive data on Scope 1 and Scope 2 greenhouse gas emissions. This proactive approach reflects KMI's commitment to transparency and responsible operations.

Kinder Morgan, Inc. (NYSE: KMI) announced a cash dividend of $0.2775 per share for Q2 2022, reflecting a 3% increase from the previous year. The company reported Q2 net income of $635 million, compared to a loss of $757 million in Q2 2021, and distributable cash flow (DCF) of $1,176 million. The firm expects to exceed its 2022 financial targets due to strong commodity prices. With a strong performance across business segments, KMI aims for continued shareholder returns and is investing in renewable energy initiatives.

Kinder Morgan, Inc. (NYSE: KMI) will announce its second quarter 2022 earnings results on July 20, 2022, after the market closes. A live webcast and conference call is scheduled for 3:30 p.m. CT (4:30 p.m. ET). The webcast can be accessed at this link. If missed, the call will be archived for replay after one hour until August 20, 2022. Kinder Morgan is a leading energy infrastructure company in North America, operating over 83,000 miles of pipelines and handling various commodities.

Tennessee Gas Pipeline Company, a subsidiary of Kinder Morgan (NYSE: KMI), has received approval from FERC for its producer certified gas (PCG) aggregation pooling service. This service, now available at all TGP pooling points, allows for the buying and selling of responsibly sourced gas, enhancing market transparency and liquidity. With certifications from third-party organizations, TGP aims to meet rising demand for PCG as it becomes a preferred fuel source. The company plans to continue refining the service to align with evolving regulations and market needs.

Blackstone Credit has acquired EIG’s 49% stake in Elba Liquefaction Company (ELC), a joint venture of the Elba Island LNG facility, while Kinder Morgan (KMI) retains its 51% ownership and continues as the operator. Located in Savannah, Georgia, ELC began operations in August 2020 and includes 10 liquefaction units with a capacity of about 2.5 million tons of LNG per year. ELC provides stable cash flow under a 20-year contract with an investment-grade counterparty.

Kinder Morgan, Inc. (KMI) has partnered with Cheniere Energy, Inc. (LNG) and other midstream operators on a project to enhance the understanding of greenhouse gas emissions from natural gas operations. The initiative focuses on quantifying, monitoring, reporting, and verifying (QMRV) emissions associated with gas gathering and processing systems. This collaborative effort involves research teams from Colorado State University and the University of Texas, employing advanced monitoring technologies across various pipeline sections, including the Tennessee Gas Pipeline and Kinder Morgan Louisiana Pipeline.

Kinder Morgan's board approved a cash dividend of $0.2775 per share, an annualized $1.11, payable on May 16, 2022. This reflects a 3% increase from Q1 2021 and is the fifth consecutive annual hike. The company reported Q1 2022 net income of $667 million, down from $1,409 million a year earlier; distributable cash flow (DCF) was $1,455 million, compared to $2,329 million in Q1 2021. Excluding nonrecurring benefits from Winter Storm Uri, current earnings surpassed previous year levels, indicating operational resilience amidst challenges.

Kinder Morgan, Inc. (NYSE: KMI) will release its first quarter 2022 earnings results on April 20, 2022, after the market closes. A live webcast and conference call will take place at 3:30 p.m. CT (4:30 p.m. ET). Interested parties can access the event online or via phone. The call will be archived and available for replay until May 20, 2022. Kinder Morgan is a major energy infrastructure company operating approximately 83,000 miles of pipelines and 141 terminals, providing transportation and storage services for various energy products.