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.
EnerCom, Inc. and Colorado School of Mines will host The Energy Venture Investment Summit on February 16-17, 2022, in Golden, Colorado. The event features over 30 companies focusing on themes such as carbon capture, hydrogen production, and solar technology. Notable keynote speakers include Siggi Meissner from Nabors Industries and Morgan Bazilian from the Payne Institute. The summit aims to connect qualified investors with presenting companies during networking events and scheduled one-on-one meetings. Registration is free for qualified investors.
Kinder Morgan, Inc. (KMI) will host its 2022 Investor Day on January 26, 2022, in Houston, Texas, to discuss fiscal year 2021 results and the outlook for 2022 and beyond. Presentations will be accessible via KMI's website, including a live audio webcast starting at 8 a.m. CT. The company operates 83,000 miles of pipelines and 143 terminals, providing vital energy transportation and storage services across North America.
Kinder Morgan, Inc. (NYSE: KMI) has announced a cash dividend of $0.27 per share for Q4 2021, marking a 3% increase from Q4 2020, payable on February 15, 2022. The company reported Q4 net income of $637 million versus $607 million year-over-year, with distributable cash flow (DCF) down to $1,093 million. For 2022, KMI anticipates a net income of $2.5 billion and total DCF of $4.7 billion, while maintaining a healthy balance sheet and investing in low-carbon opportunities.
Kinder Morgan, Inc. (NYSE: KMI) will release its fourth quarter 2021 earnings results on January 19, 2022, after market close. The earnings webcast will be held at 3:30 p.m. CT (4:30 p.m. ET) on the same day. Interested parties can tune in via the company's web portal or by phone. The call will be archived for later viewing until February 19, 2022. Kinder Morgan is a leading energy infrastructure company in North America, operating approximately 83,000 miles of pipelines and 144 terminals, focusing on safe energy transportation and storage.
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
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.
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