$KMI (Kinder Morgan, Inc.)

$KMI {{ '2015-07-15T23:28:55+0000' | timeago}} • Announcement

$KMI 2Q15 Call: KMI expects to get the final NED recommendations and order in Jan. 2016. Products pipelines are expected to exceed its budget largely as the result of the Double H Pipeline, which came in the Hiland acquisition. G&A expense was $164MM, up $16MM vs. 2Q14.

$KMI {{ '2017-07-20T18:31:43+0000' | timeago}} • Webcast

$KMI plans to cover all of its financial growth CapEx with the use of its surplus cash flow, without the need to access equity or debt markets. The company, however, will be accessing debt markets to refinance maturing debt.

$KMI {{ '2017-07-20T18:25:38+0000' | timeago}} • Webcast

Commenting on its intention to the share buyback, $KMI said it is interested in the opportunistic purchases of shares, particularly since the company's share to DCF ratio is about five turns below the peer group average.

$KMI {{ '2017-07-20T18:19:56+0000' | timeago}} • Webcast

$KMI's distributable cash flow (DCF), a commonly used metric to measure the ability of assets to generate cash earnings, was $1.02Bil for 2Q17, down slightly from $1.05Bil a year ago. The decline was primarily attributable to the sale of 50% of Southern Natural Gas Company and the Kinder Morgan Canada Ltd (KML) IPO transaction.

$KMI {{ '2017-07-20T18:04:59+0000' | timeago}} • Webcast

At the end of 2Q17, $KMI's backlog stood at $12.2Bil. The company had new project additions in gas and CO2 which outpaced projects that were placed in service primarily in the terminals segment. The company continues to build out this backlog which it expects will contribute significant EBITDA to the segments when complete.

$KMI {{ '2017-07-19T21:48:08+0000' | timeago}} • Announcement

$KMI BoD approved a cash dividend of $0.125 per share for 2Q17. The dividend is payable on Aug. 15, 2017, to common shareholders of record as of the close of business on July 31, 2017. $KMI also expects to declare an annual dividend of $0.80 per share for 2018, a 60% increase from the expected 2017 dividend.

$KMI {{ '2017-07-19T21:40:34+0000' | timeago}} • Announcement

As a result of the recent IPO of its canadian assets, $KMI now expects to end FY17 with a net debt-to-Adjusted EBITDA ratio of approx. 5.2 times and growth capital investment of $3.1Bil. The company had earlier budgeted to invest $3.2Bil in growth projects and end the year with a net debt-to-Adjusted EBITDA ratio of approx. 5.4 times.

$KMI {{ '2017-07-19T21:36:31+0000' | timeago}} • Announcement

$KMI, that recently had successful IPO of its Canadian business, posted a 7% increase in revenue for 2Q17 to $3.37Bil. The energy infrastructure company earned $337MM, or $0.15 per share, a slight increase from $333MM a year ago.

$KMI {{ '2017-07-19T21:15:38+0000' | timeago}} • Announcement

$KMI forecast to raise dividend by 60% for 2018, the first increase since Dec. 2015. The company, at the end of 2015, slashed its dividend by 75% in order to cut costs and survive during the oil downturn. The company plans to increase its dividend to $1.00 per share in 2019 and $1.25 per share in 2020, a growth rate of 25% annually. The board also authorized a $2Bil share buyback program.

$KMI {{ '2017-07-19T20:37:01+0000' | timeago}} • Infographic

$KMI Kinder Morgan Earnings AlphaGraphic: Q2 2017 Highlights

$KMI {{ '2017-05-30T14:32:25+0000' | timeago}} • Announcement

Kinder Morgan Canada (KMC) and $KMI completed IPO of 102.942MM restricted voting shares of KMC at a price to the public of $17.00 per share for total gross proceeds of about C$1.75Bil. The proceeds will be used by KMC to indirectly buy from $KMI about 30% interest in limited partnership that holds the Canadian business of $KMI.

$KMI {{ '2017-05-26T11:19:25+0000' | timeago}} • Announcement

$KMI made a final investment decision on its Trans Mountain Expansion Project related to its indirect subsidiary, Kinder Morgan Canada Ltd., pricing its IPO of 102.9MM shares at a price to the public of C$17 per share (approx. US$12.64) for total gross proceeds of C$1.75Bil (approx. US$1.30Bil). The IPO would happen no later than May 31, 2017.

$KMI {{ '2017-04-19T22:09:20+0000' | timeago}} • Webcast

$KMI said that on the Permian Gulf Coast Express, the company has a non-binding open season that's closing. And while there is shipper interest, this is a maturing situation as DCP is looking at take away capacity out of the Permian and their own production. $KMI believes it has good offering and DCP can bring volumes to it themselves.

$KMI {{ '2017-04-19T20:22:53+0000' | timeago}} • Announcement

For FY17, $KMI expects to declare dividends of $0.50 per share, achieve distributable cash flow of $4.46Bil and adjusted EBITDA of $7.2Bil. $KMI also expects to invest $3.2Bil in growth project, to be funded with internally generated cash flow, and to end the year with a net debt-to-adjusted EBITDA ratio of about 5.4 times.

$KMI {{ '2017-04-19T20:22:18+0000' | timeago}} • Announcement

The board of directors of $KMI approved a cash dividend of $0.125 per share for 1Q17 payable on May 15, 2017, to common shareholders of record as of the close of business on May 1, 2017.

$KMI {{ '2017-04-19T20:21:57+0000' | timeago}} • Announcement

$KMI posted a 1Q17 net income of $445MM or $0.18 per diluted share, up from $314MM or $0.12 per share a year ago. Revenues grew to $3.42Bil from $3.19Bil. Natural gas transport volumes were up 1% to 29,326BBtu/d  vs a year ago.

$KMI {{ '2017-04-11T21:42:09+0000' | timeago}} • Announcement

$KMI's subsidiary Kinder Morgan Texas Pipeline LLC and $DCP have signed a letter of intent for $DCP to participate in the development of the proposed Gulf Coast Express Pipeline Project. The pipeline is expected to be in service in 2H19. It is anticipated that $DCP will be a partner and shipper on the proposed pipeline.

$KMI {{ '2017-03-22T17:56:38+0000' | timeago}} • Announcement

Kinder Morgan Texas Pipeline LLC (KMTP), a subsidiary of $KMI, announced the start of a non-binding open season for firm natural gas transportation service on its proposed Gulf Coast Express Pipeline Project. The pipeline will be in service in 2H19, subject to shipper commitments.

$KMI {{ '2017-03-01T13:54:46+0000' | timeago}} • Announcement

$KMI sold 49% interest in Elba Liquefaction Company (ELC) to EIG Global Energy Partners (EIG) investment funds for upfront cash of about $385MM. The upfront consists of reimbursement to $KMI for EIG's 49% share of prior ELC capital expenditures and about $170MM payment in excess in consideration to $KMI in developing the project.

$KMI {{ '2017-01-18T22:54:36+0000' | timeago}} • Webcast

$KMI said most of the legal challenges related to the Trans Mountain Project to date have resulted positively for the project.  The Canadian government gathered a lot of information and engaged in a lot of consultation in order to make the orders they ultimately issued very strong and hard to overturn on appeal.

$KMI {{ '2017-01-18T22:36:53+0000' | timeago}} • Webcast

$KMI has set a minimum target of 15% unlevered after-tax  returns for CO2 and the projects approved recently were well in excess of this target. The company is trying to identify high-returning projects. The total backlog on CO2 is $1.4Bil of the total $12Bil in backlog.

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