Kinder Morgan Inc Del Stock Price, News & Analysis

NGPL PipeCo has initiated consent solicitations for holders of its 4.875% Senior Notes due 2027 and 3.250% Senior Notes due 2031. This action is connected to a previously announced transaction where Brookfield Infrastructure will sell its 25% interest in NGPL Holdings to ArcLight Capital Partners. Upon completion, ArcLight funds and Kinder Morgan (NYSE: KMI) will each control 50% of board elections, with ArcLight holding 62.5% economic interest and KMI retaining 37.5%.

The transaction may constitute a 'Change of Control' under each indenture. The company is seeking amendments to prevent this classification. Noteholders who consent by April 8, 2025, will receive a $1.00 fee per $1,000 in principal amount. The transaction is expected to close in Q2 2025, subject to conditions.

NGPL PipeCo announced that Brookfield Infrastructure Partners L.P. will sell its 25.0% minority interest in NGPL Holdings to ArcLight Capital Partners, . Upon completion, ArcLight funds will control a 62.5% stake, while Kinder Morgan (KMI) maintains its 37.5% interest and continues to operate the pipeline assets. The transaction is expected to close in Q2 2025.

NGPL is a strategic asset as the largest natural gas transporter to the Chicago market and a major transporter to LNG export facilities on the Texas and Louisiana Gulf Coast. The company operates approximately 9,100 miles of pipeline, over 1 million compression horsepower, and 288 billion cubic feet of working natural gas storage, providing access to all major natural gas supply basins.

Outrigger Energy II has completed the sale of its Williston Basin midstream system in North Dakota to Hiland Partners Holdings, a Kinder Morgan (NYSE: KMI) subsidiary, for $640 million. The system includes a 270 MMcfd cryogenic gas processing plant, 104 miles of high-pressure gathering pipelines, and 6,720 horsepower of field compression.

The high-pressure gathering system spans Williams and Mountrail Counties and is supported by long-term, fee-based contracts with minimum volume commitments from leading Williston Basin operators. The facility represents North Dakota's largest single-train cryogenic processing facility, constructed during the Covid-19 pandemic.

Kinder Morgan (NYSE: KMI) has completed its previously announced $640 million acquisition of a natural gas gathering and processing system in North Dakota from Outrigger Energy II The acquired assets include a 270 MMcf/d processing facility and a 104-mile high-pressure rich gas gathering pipeline with 350 MMcf/d capacity, connecting Williston Basin supplies to high-demand markets.

The system is supported by long-term contracts with major basin customers. KMI expects the acquisition to be immediately accretive to shareholders, with a 2025 Adjusted EBITDA multiple of approximately 8 times on a full-year basis, not including about $20 million of expected cash payments in 2025 that receive deferred revenue recognition. The acquisition will reduce future capital expenditures needed for existing Bakken customer growth and complements KMI's existing Hiland gas assets.

Entergy Texas has announced a significant transportation agreement with Kinder Morgan and Golden Pass LNG as part of Kinder Morgan's $1.7 billion Trident Intrastate Pipeline project. The 216-mile pipeline will transport natural gas from the Permian Basin to the LNG and industrial corridor near Port Arthur, Texas.

The project, expected to be operational in early 2027, will transport approximately 1.5 billion cubic feet of natural gas daily, with potential expansion to 2.8 billion cubic feet. Key benefits include lower customer costs through access to competitive markets at the Katy hub, reliable energy supply for proposed Legend and Lone Star Power Stations, enhanced operational flexibility including the Spindletop underground storage caverns, and support for regional economic development.

ArcLight Capital Partners has completed the acquisition of a 25% equity interest in Gulf Coast Express Pipeline (GCX) from Phillips 66 for $865 million. GCX will now be jointly owned by Kinder Morgan (NYSE: KMI) and ArcLight affiliates, with KMI continuing operations.

GCX is a 500-mile natural gas pipeline with approximately 2 Bcf/d capacity, supported by long-term committed contracts. The pipeline provides critical gas takeaway service from the Permian Basin to US Gulf Coast markets, including LNG export facilities in South Texas.

ArcLight, which has managed over 47,000 miles of electric and gas transmission since 2001, views this acquisition as strategic positioning for growing power demand needs, particularly related to AI and data center infrastructure. The company sees GCX as well-positioned to benefit from increasing Permian production and long-term LNG, power, and industrial demand growth.

Kinder Morgan (KMI) reported strong Q4 2024 financial results with EPS of $0.30, up 11%, and Adjusted EPS of $0.32, up 14% compared to Q4 2023. Net income reached $667 million, with Adjusted EBITDA of $2,063 million, up 7% year-over-year.

The company announced the $1.7 billion Trident Intrastate Pipeline Project, a 216-mile pipeline providing 1.5 Bcf/d capacity from Katy to Port Arthur, Texas. The project backlog increased to $8.1 billion, up nearly 60% from Q3 2024.

For 2025, KMI forecasts net income of $2.8 billion (up 8%), Adjusted EPS of $1.27 (up 10%), and Adjusted EBITDA of $8.3 billion (up 4%). The company approved a Q4 dividend of $0.2875 per share, representing a 2% increase over Q4 2023.

Kinder Morgan (NYSE: KMI) has announced its upcoming fourth quarter 2024 earnings release and webcast schedule. The company will release its Q4 2024 earnings results on Wednesday, January 22, 2025, after market close.

The earnings webcast and conference call will be held at 3:30 p.m. CT (4:30 p.m. ET) on the same day. Investors can access the live webcast through the company's investor relations website or join via phone in listen-only mode. For those unable to attend live, the call recording will be archived on kindermorgan.com and available for replay until February 23, 2025.

Flyscan Systems announced that Kinder Morgan (NYSE: KMI) has joined its strategic investor group, which includes Marathon Petroleum, Enbridge, and Hatch. The investment will support Flyscan's growth and accelerate its entry into the Natural Gas detection and quantification market.

Flyscan, founded in 2015 as a spin-off from Canada's National Optics Institute, is pioneering technology for pipeline leak detection and right-of-way damage prevention. The company utilizes remote sensing and artificial intelligence to detect liquid hydrocarbons and automate visual inspection from regulatory patrol planes.

KMI's COO James Holland emphasized the state-of-the-art nature of Flyscan's technologies and their importance in protecting employees, the environment, and communities. The partnership aims to leverage KMI's strategic footprint across multiple fuel types and extensive presence in the US market.