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.
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.
Kinder Morgan, Inc. (NYSE: KMI) has received commercial commitments to proceed with a renewable diesel hub in Southern California, enabling the transport of renewable diesel (R99) by pipeline, a first in the U.S. The hub will have a throughput capacity of 20,000 barrels per day and represents an investment of over $50 million. Supported by long-term contracts, the hub is expected to be operational in early 2023. This initiative aligns with the company's strategy to expand renewable fuel capabilities and capitalize on California's renewable tax credits.
EnerCom, Inc. and Colorado School of Mines will host The Energy Venture Investment Summit on February 16-17, 2022, in Golden, Colorado. The event features over 30 companies focusing on themes such as carbon capture, hydrogen production, and solar technology. Notable keynote speakers include Siggi Meissner from Nabors Industries and Morgan Bazilian from the Payne Institute. The summit aims to connect qualified investors with presenting companies during networking events and scheduled one-on-one meetings. Registration is free for qualified investors.
Kinder Morgan, Inc. (KMI) will host its 2022 Investor Day on January 26, 2022, in Houston, Texas, to discuss fiscal year 2021 results and the outlook for 2022 and beyond. Presentations will be accessible via KMI's website, including a live audio webcast starting at 8 a.m. CT. The company operates 83,000 miles of pipelines and 143 terminals, providing vital energy transportation and storage services across North America.
Kinder Morgan, Inc. (NYSE: KMI) has announced a cash dividend of $0.27 per share for Q4 2021, marking a 3% increase from Q4 2020, payable on February 15, 2022. The company reported Q4 net income of $637 million versus $607 million year-over-year, with distributable cash flow (DCF) down to $1,093 million. For 2022, KMI anticipates a net income of $2.5 billion and total DCF of $4.7 billion, while maintaining a healthy balance sheet and investing in low-carbon opportunities.
Kinder Morgan, Inc. (NYSE: KMI) will release its fourth quarter 2021 earnings results on January 19, 2022, after market close. The earnings webcast will be held at 3:30 p.m. CT (4:30 p.m. ET) on the same day. Interested parties can tune in via the company's web portal or by phone. The call will be archived for later viewing until February 19, 2022. Kinder Morgan is a leading energy infrastructure company in North America, operating approximately 83,000 miles of pipelines and 144 terminals, focusing on safe energy transportation and storage.
Kinder Morgan, Inc. (NYSE: KMI) announced that its subsidiary, Tennessee Gas Pipeline (TGP), is the first to propose a responsibly sourced natural gas (RSG) supply aggregation pooling service with the Federal Energy Regulatory Commission (FERC). This service aims to facilitate the purchase and sale of certified RSG, enhancing the company's commitment to a lower-carbon future. The initiative is expected to be operational in Q1 2022, pending regulatory approval, and is designed to attract customers such as utilities and LNG facilities.