Kinder Morgan, Inc. - KMI STOCK NEWS

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.

Kinder Morgan (NYSE: KMI) announced strong preliminary projections for 2022, projecting net income of $1.09 per share, a 43% increase from 2021, and distributable cash flow (DCF) of $2.07 per share, reflecting a 13% decline from 2021. The company anticipates $750 million for share repurchases and a $1.11 per share dividend. Adjusted EBITDA is projected at $7.2 billion. Kinder Morgan expects to end 2022 with a Net Debt-to-Adjusted EBITDA ratio of 4.3 times, better than previous targets. The growth is driven by robust market fundamentals and strategic acquisitions.

Palantir Technologies Inc. (NYSE: PLTR) and Kinder Morgan, Inc. (NYSE: KMI) have formed a multi-year partnership to utilize Palantir's Foundry platform in Kinder Morgan's gas storage operations. This collaboration aims to enhance efficiency and safety by providing real-time data access across various operational aspects. Foundry will integrate data from numerous sources, assisting Kinder Morgan in optimizing its operations. Palantir emphasizes that Foundry addresses complex data integration challenges, helping the energy sector maintain safety and reliability.

Kinder Morgan, Inc. (NYSE: KMI) published its 2020 Environmental, Social and Governance (ESG) report, marking the first inclusion of company-wide Scope 1 and Scope 2 greenhouse gas (GHG) emissions data. The report, fulfilling a prior commitment, reveals a methane emission intensity rate of 0.04%, outperforming its 2025 target of 0.31%. Furthermore, KMI is investing in renewable energy to enhance its climate change strategy and has initiated pilot projects for responsibly sourced natural gas in Colorado and the Northeast U.S.

Kinder Morgan, Inc. (NYSE: KMI) has declared a cash dividend of $0.27 per share for Q3 2021, reflecting a 3% increase year-over-year. The dividend, annualizing to $1.08, will be payable on November 15, 2021. The company reported a net income of $495 million for the quarter, compared to $455 million in Q3 2020, alongside distributable cash flow (DCF) of $1,013 million. Despite a slight drop in DCF per share, Kinder Morgan maintains strong financial performance, emphasizing its commitment to shareholder returns, debt management, and strategic growth in low-carbon initiatives.

Kinder Morgan, Inc. (NYSE: KMI) will release its third quarter 2021 earnings results on October 20, 2021, at 3:30 p.m. CT. Investors can access the earnings webcast via the company's investor relations website or listen by phone. A recording will be available after the call until November 20, 2021. Kinder Morgan is a leading energy infrastructure company in North America, operating approximately 83,000 miles of pipelines and 144 terminals, providing essential energy transportation and storage services.

Riley Exploration Permian (REPX) announced updates regarding its enhanced oil recovery (EOR) pilot project and declared a cash dividend of $0.31 per share, payable on November 4, 2021. The agreements include a connection to the Cortez Pipeline and a CO2 purchase agreement with Kinder Morgan, facilitating the EOR project in Yoakum County, Texas. This initiative aims to enhance CO2 pipeline infrastructure access. The dividend reflects a 10% increase, showcasing the company's commitment to returning capital to shareholders.

Kinetrex Energy, a Kinder Morgan company, and Wabash Valley Power Alliance have commenced construction on three renewable natural gas (RNG) facilities in Indiana. These sites aim to produce a combined total of 3.5 billion cubic feet of RNG annually and are projected to begin commercial operations by fall 2022. A total investment of $146 million is planned. The RNG produced is expected to significantly reduce greenhouse gas emissions, replacing around 28 million gallons of diesel fuel yearly.

Kinder Morgan (NYSE: KMI) and Southwestern Energy (NYSE: SWN) have launched a strategic agreement to deliver responsibly sourced natural gas (RSG) in the northeastern United States. This initiative aims to reduce methane emissions by ensuring that RSG meets stringent environmental standards, targeting a methane intensity of 1% or lower by 2025. The RSG will power approximately 100,000 homes annually and reduce GHG emissions equivalent to removing 5,000 vehicles. The initiative underscores both companies' commitment to sustainable energy solutions, with the market benefits expected from November 1, 2021.