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Kinder Morgan, Inc. - KMI STOCK NEWS

Welcome to our dedicated page for Kinder Morgan news (Ticker: KMI), a resource for investors and traders seeking the latest updates and insights on Kinder Morgan stock.

Kinder Morgan, Inc. (NYSE: KMI) is a leading energy infrastructure company in North America, renowned for its extensive network of pipelines and terminals. The company operates approximately 84,000 miles of pipelines that transport crucial energy products such as natural gas, refined petroleum products, crude oil, and carbon dioxide (CO2). Additionally, Kinder Morgan oversees the operation of about 165 terminals, which handle and store a variety of products, including gasoline, jet fuel, ethanol, coal, petroleum coke, and steel.

Kinder Morgan's diverse portfolio positions it as a market leader in several segments: natural gas pipelines, products pipelines, CO2, terminals, and Kinder Morgan Canada. The company’s strategically located assets are essential to North American energy infrastructure, ensuring the delivery of energy products to high-demand markets. This significant footprint allows Kinder Morgan to play a crucial role in maintaining and supporting the energy supply chain.

Financially, Kinder Morgan has demonstrated resilience and stability through fee-based contracts that generate consistent cash flows. These contracts primarily involve handling, moving, and storing fossil fuel products, providing a reliable revenue stream. The company’s financial health is further strengthened by its strategic partnerships and ongoing projects, aimed at enhancing operational efficiency and expanding its market presence.

In recent developments, Kinder Morgan has entered into a definitive agreement with NextEra Energy Partners, LP (NYSE: NEP) to acquire the Texas natural gas pipeline portfolio for $1.815 billion. This acquisition is set to enhance Kinder Morgan's footprint in the natural gas sector, particularly in South Texas, where the acquired assets primarily serve power producers and municipalities.

For more details, visit Kinder Morgan's official website.

News

Kinder Morgan Announces Fourth Quarter ‘23 Earnings Webcast

Rhea-AI Summary
Kinder Morgan, Inc. (NYSE: KMI) will release its fourth quarter 2023 earnings results on January 17, 2024, after the market close. The company will hold a live webcast and conference call, accessible via the internet or phone. The call will be archived on the company's website, and a recording will be available for replay until February 17, 2024.
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Kinder Morgan Closes on the $1.815 Billion Acquisition of NextEra Energy Partners’ South Texas Assets

Rhea-AI Summary
Kinder Morgan, Inc. (NYSE: KMI) closed on its $1.815 billion acquisition of NextEra Energy Partners' South Texas assets, including the NET Mexico pipeline, Eagle Ford Midstream, and a 50% interest in Dos Caminos LLC. The acquisition integrates well with KMI's existing South Texas footprint and extends direct connectivity in the lean area of the Eagle Ford Basin, allowing greater access to low-nitrogen natural gas supply for LNG customers. KMI expects the acquisition to be accretive to its preliminary 2024 budget guidance, with the purchase price equal to 8.6 times the 2024 EBITDA and a long-term investment-to-EBITDA multiple of approximately 7.0-7.5 times, inclusive of commercial synergies.
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NextEra Energy Partners, LP completes sale of Texas natural gas pipeline portfolio

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NextEra Energy Partners, LP (NYSE: NEP) closed the sale of its Texas natural gas pipeline portfolio to Kinder Morgan, Inc. for $1.815 billion. The portfolio consists of 7 pipelines, with an expected 2023 adjusted EBITDA of approximately $180 million. The sale price represents a 10 times multiple on the estimated 2023 adjusted EBITDA. After meeting closing conditions, the net proceeds of $1.4 billion will be used for equity buyouts of STX Midstream and NEP Renewables II convertible equity portfolio financings.
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Kinder Morgan Announces 2024 Financial Expectations

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Kinder Morgan, Inc. (NYSE: KMI) projects a 5% growth in Adjusted EBITDA, distributable cash flow, and DCF per share in 2024. The company anticipates an annualized dividend of $1.15, a 7th consecutive year of dividend increase, and a net income attributable to KMI per share of $1.21, up 11% from 2023. Expected growth in DCF and DCF per share would have been higher if not for increased sustaining capex driven by expanded regulatory requirements.
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NextEra Energy Partners, LP announces sale agreement for Texas natural gas pipeline portfolio

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NextEra Energy Partners has entered into a definitive agreement with Kinder Morgan to sell its Texas natural gas pipeline portfolio for $1.815 billion. The sale is expected to close in the first half of 2024 and is subject to certain conditions. The portfolio consists of seven pipelines that provide natural gas to Mexico and power producers in South Texas. The estimated adjusted EBITDA for 2023 is $181 million, with a sale price multiple of approximately 10 times. The proceeds from the sale will be used to pay off debt, complete buyouts, and pay down the corporate revolver.
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Kinder Morgan to Purchase NextEra Energy Partner’s STX Midstream

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Kinder Morgan, Inc. is acquiring NextEra Energy Partner's South Texas assets, STX Midstream, for $1.815 billion. The acquisition includes a pipeline system with 4.9 billion cubic feet per day of transport capacity, connecting the Eagle Ford basin to Mexico and Gulf Coast demand markets. The assets are highly contracted, with an average contract length of over 8 years.
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Kinder Morgan Reports Third Quarter 2023 Financial Results

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Kinder Morgan approves cash dividend increase and reports Q3 earnings
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Kinder Morgan Announces Third Quarter ‘23 Earnings Webcast

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Kinder Morgan, Inc. (NYSE: KMI) to release Q3 2023 earnings results on October 18, 2023.
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Kinder Morgan Issues 2022 Environmental, Social and Governance Report

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Kinder Morgan, Inc. (NYSE: KMI) announces a 2.6% decrease in operational Scope 1 emissions and continued efforts to reduce methane emissions. The company invests in renewable diesel and natural gas projects, aligning with its commitment to lower carbon initiatives. The 2022 ESG Report also includes new disclosures related to greenhouse gas emissions, climate lobbying, and diversity metrics.
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Kinder Morgan Reports Second Quarter 2023 Financial Results

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Kinder Morgan, Inc. (NYSE: KMI) reported second quarter net income of $586 million, a 2% increase in dividends, and a healthy balance sheet. The company's adjusted EBITDA and DCF for the quarter were above their 2023 plan. They have also repurchased almost 20 million shares for approximately $330 million this year. The Natural Gas Pipeline and Terminals business segments performed well, while the CO2 business segment saw a decrease in earnings due to lower prices. The company expects to finish 2023 slightly below their plan due to expected lower commodity prices.
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FAQ

What is the current stock price of Kinder Morgan (KMI)?

The current stock price of Kinder Morgan (KMI) is $28.49 as of November 22, 2024.

What is the market cap of Kinder Morgan (KMI)?

The market cap of Kinder Morgan (KMI) is approximately 63.5B.

What does Kinder Morgan, Inc. do?

Kinder Morgan operates approximately 84,000 miles of pipelines and about 165 terminals, transporting and storing energy products like natural gas, refined petroleum products, crude oil, and CO2.

What are Kinder Morgan's main business segments?

Kinder Morgan is a market leader in several segments: natural gas pipelines, products pipelines, CO2, terminals, and Kinder Morgan Canada.

How does Kinder Morgan generate revenue?

Kinder Morgan generates revenue primarily through fee-based contracts for handling, moving, and storing fossil fuel products.

What recent acquisition has Kinder Morgan made?

Kinder Morgan has entered into an agreement to acquire the Texas natural gas pipeline portfolio from NextEra Energy Partners, LP for $1.815 billion.

What products are handled at Kinder Morgan's terminals?

Kinder Morgan's terminals handle products such as gasoline, jet fuel, ethanol, coal, petroleum coke, and steel.

What role does Kinder Morgan play in North American energy infrastructure?

Kinder Morgan's assets are core to North American energy infrastructure, helping deliver essential energy products to high-demand markets.

How can I learn more about Kinder Morgan?

To learn more about Kinder Morgan, visit their official website at www.kindermorgan.com.

What is the significance of Kinder Morgan's strategic partnerships?

Strategic partnerships enhance Kinder Morgan's operational efficiency and market presence, contributing to its financial stability.

Why is Kinder Morgan considered a market leader?

Kinder Morgan is considered a market leader due to its extensive and strategically located assets, which are essential to the energy supply chain in North America.

What financial condition does Kinder Morgan maintain?

Kinder Morgan maintains a stable financial condition with consistent cash flows from fee-based contracts and strategic acquisitions and partnerships.

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Kinder Morgan, Inc.

NYSE:KMI

KMI Rankings

#224 Ranked by Market Cap
#727 Ranked by Dividends

KMI Stock Data

63.49B
1.94B
12.8%
67.22%
1.92%
Oil & Gas Midstream
Natural Gas Transmission
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United States of America
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