Kinder Morgan, Inc. - KMI STOCK NEWS

ArcLight Capital Partners acquires an additional 12.5% stake in Natural Gas Pipeline Company of America (NGPL) from Brookfield Infrastructure. ArcLight now holds a 37.5% interest, while Brookfield Infrastructure retains 25%. Kinder Morgan continues to operate the pipeline and holds a 37.5% interest.

Renewable natural gas developer Casey Holsapple has launched Redtail Renewables, a platform that will develop and operate RNG facilities across the US. Redtail aims to maximize value for feedstock partners and customers through innovative project solutions and strong downstream relationships. The company has secured an equity commitment from Inyarek Partners and plans to expand its team and grow significantly in the next year.

Kinder Morgan, Inc. (KMI) has declared a cash dividend of $0.2825 per share for Q1 2023, marking a 2% increase over Q1 2022, and reporting a net income of $679 million, a slight increase from $667 million the previous year. Distributable cash flow (DCF) for the quarter was $1,374 million, down from $1,455 million, and adjusted earnings reached $675 million, a decrease from $732 million year-on-year. KMI maintained a strong financial position with a net debt-to-adjusted EBITDA ratio of 4.1 times and a project backlog of $3.7 billion. The outlook for 2023 targets net income of $2.5 billion and continued dividend increases. Despite lower operating results in some segments, total natural gas transport volumes rose by 3%.

Kinder Morgan, Inc. (NYSE: KMI) announced the release of its first quarter 2023 earnings results, scheduled for April 19, 2023, after market close. A live webcast and conference call will take place at 3:30 p.m. CT (4:30 p.m. ET). Investors can access the event via the company's website or by phone. If unable to attend live, a recording will be available for replay until May 18, 2023. Kinder Morgan operates approximately 82,000 miles of pipelines and 140 terminals, focusing on energy transportation and storage. With a commitment to safety and environmental responsibility, it plays a crucial role in North America's energy infrastructure.

Kinder Morgan, Inc. (NYSE: KMI) announced the full commercial operation of its renewable diesel hubs in Southern and Northern California. These hubs are the first of their kind in the U.S. to transport renewable diesel by pipeline. The Southern hub, operational since February 2023, can deliver up to 20,000 barrels per day (bpd), while the Northern hub offers a throughput of 21,000 bpd. Both hubs are fully subscribed, supporting California’s climate goals. Kinder Morgan aims to enhance lower emissions energy solutions while ensuring safe and efficient fuels transportation.

Kinder Morgan, Inc. (KMI) will hold its 2023 Investor Day in Houston, Texas on January 25, 2023. The event will focus on the company’s strategy, fiscal year 2022 results, and the 2023 financial budget. Interested parties can view presentation materials and participate via audio webcast on KMI's website, with live sessions starting at 8 a.m. CT. Kinder Morgan operates around 82,000 miles of pipelines and possesses substantial energy storage capabilities, emphasizing its role in providing reliable energy solutions across North America.