$KMI (Kinder Morgan, Inc.)

$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 {{ '2017-10-19T19:17:21+0000' | timeago}} • Webcast

$KMI plans to increase its annual dividends from $0.50 to $0.80 in 2018, which is an increase of 60%. The company plans to further increase annual dividends by 25% in 2019 and 2020 ($1 in 2019 and $1.25 in 2020). The company's board has authorized $2Bil for share repurchases for next 3 years and plans to fund all expansion CapEx from its cash flow.

$KMI {{ '2017-10-19T18:35:38+0000' | timeago}} • Announcement

$KMI swung back to a profit of $334MM in 3Q17 vs. loss of $227MM in 3Q16. 3Q profits remained flat vs. 2Q17 due to the impact of Hurricane Harvey and loss of revenue from divestiture of its Canadian assets. The company expects a hit of about $20MM in distributable cash flow due to Harvey in 2017. It expects repair costs to be covered by insurance.

$KMI {{ '2017-10-18T20:43:05+0000' | timeago}} • Infographic

$KMI Kinder Morgan Earnings AlphaGraphics: Q3 2017 highlights

$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.

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