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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.

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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.

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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.

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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.

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Kinder Morgan's board has authorized a $1 billion increase in its share repurchase program and announced a cash dividend of $0.2775 per share for Q4 2022, marking a 3% increase from Q4 2021. The company reported Q4 2022 net income of $670 million, up from $637 million in the previous year. Distributable cash flow (DCF) reached $1,217 million, up from $1,093 million. For 2023, KMI projects net income attributable to KMI at $2.5 billion, with a dividend forecast of $1.13 per share. Additionally, organizational changes with Kim Dang succeeding Steve Kean as CEO effective August 1, 2023, were announced, highlighting KMI's focus on capital-efficient growth and energy transition initiatives.

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Kinder Morgan, Inc. (NYSE: KMI) will release its fourth quarter 2022 earnings results on January 18, 2023, after market close. A live webcast will take place at 3:30 p.m. CT (4:30 p.m. ET) on the same day. For those unable to attend, a recording will be available on their website shortly after the call. Kinder Morgan operates around 83,000 miles of pipelines and has significant natural gas storage capacity, emphasizing their commitment to providing safe and efficient energy solutions.

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Kinder Morgan, Inc. (NYSE: KMI) projects a solid financial outlook for 2023, forecasting net income of $1.12 per share and $7.7 billion in Adjusted EBITDA, marking a 3% increase from 2022. However, a significant rise in interest expenses is expected to reduce distributable cash flow (DCF) per share to $2.13, down from $2.17. The company plans to invest $2.1 billion in expansion, primarily in lower carbon projects, and anticipates a $1.13 dividend per share, alongside potential share repurchases.

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Kinder Morgan, Inc. (KMI) announced a third-quarter cash dividend of $0.2775 per share, reflecting a 3% increase from the previous year. The company reported a net income of $576 million, up from $495 million year-over-year, with distributable cash flow (DCF) reaching $1,122 million compared to $1,013 million in Q3 2021. Adjusted earnings also rose to $575 million. For 2022, KMI expects to exceed budget forecasts by approximately 3% for net income and 4-5% for DCF. KMI's strong performance is attributed to robust demand in the natural gas pipelines segment.

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Kinder Morgan, Inc. (NYSE: KMI) announced it will release its third quarter 2022 earnings results on October 19, 2022, after market close. A live webcast and conference call will be held at 3:30 p.m. CT (4:30 p.m. ET) to discuss the results. The details for accessing the call are available, and a replay will be archived for later access until November 19, 2022.

Kinder Morgan operates approximately 83,000 miles of pipelines and nearly 141 terminals, providing essential energy infrastructure across North America.

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Kinder Morgan, Inc. (NYSE: KMI) has finalized the sale of a 25.5% equity interest in Elba Liquefaction Company for approximately $565 million, aimed at reducing short-term debt and enabling investments. This transaction implies an enterprise value of about $2.3 billion for the joint venture. KMI retains operational control over the Elba facility, which has a liquefaction capacity of 2.5 million tonnes per year, supported by a 20-year contract with Shell LNG. The move reflects the growing importance of LNG infrastructure in meeting global energy demands.

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FAQ

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

The current stock price of Kinder Morgan (KMI) is $26.85 as of December 20, 2024.

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

The market cap of Kinder Morgan (KMI) is approximately 58.3B.

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.

Kinder Morgan, Inc.

NYSE:KMI

KMI Rankings

KMI Stock Data

58.30B
1.94B
12.8%
67.25%
1.81%
Oil & Gas Midstream
Natural Gas Transmission
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United States of America
HOUSTON