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INX:KMI, Sep 25, 09:52 UTC

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Wednesday, September 19


News

Why Kinder Morgan (KMI) Could Beat Earnings Estimates Again

KMI

It is worth considering Kinder Morgan (KMI), which belongs to the Zacks Oil and Gas - Production and Pipelines industry. When looking at the last two reports, this oil and natural gas pipeline and storage company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 7.64%, on average, in the last two quarters. For the last reported quarter, Kinder Morgan came out with earnings of $0.21 per share versus the Zacks Consensus Estimate of $0.19 per share, representing a surprise of 10.53%. For the previous quarter, the company was expected to post earnings of $0.21 per share and it actually produced earnings of $0.22 per share, delivering a surprise of 4.76%. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success.

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Monday, September 17


News

Kinder Morgan Might Cash in on the Rest of its Canadian Assets

KMI

Kinder Morgan(NYSE: KMI) thought it had a bright future in Canada when that country approved the multibillion-dollar expansion of its Trans Mountain oil pipeline a few years ago. At a recent investment conference, an analyst asked Kinder Morgan CEO Steve Kean about his company's plans in Canada given the sale of its Trans Mountain Pipeline, which significantly shrunk the asset base of Kinder Morgan Canada. Kinder Morgan put out an asking price of as much as CA$2.4 billion ($1.8 billion) and is open to selling the assets in one transaction or separate deals to maximize their value, according to the Reuters report. While hiring a bank to lead the sales process doesn't mean Kinder Morgan will find buyers willing to pay its asking price, the report suggested that "interest in the assets would be robust, and bids are likely to come from both midstream companies, private equity firms, and infrastructure funds." Image source: Getty Images. What this means for Kinder Morgan. While Kinder Morgan could continue holding its Canadian assets and benefiting from their predictable cash flows, a sale would provide two distinct benefits for the company.

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News

Kinder Morgan to Divest Canadian Assets, Hires TD Securities

KMI

Kinder Morgan Inc KMI has reportedly hired investment bank, TD Securities, for the scheduled sale of its Canadian business.The sale, which will indicate the U.S. pipeline giant’s exit from Canada, is expected to raise about C$2.4 billion ($1.8 billion). At a conference in September, Kinder Morgan’s chief executive expressed intent in divesting the remaining Canadian business, which was initially purchased to support the Trans Mountain project. However, no details were disclosed by either of the parties.The company divested Trans Mountain pipeline to the Canadian government for about C$4.5 billion at the end of August. Recently, pipeline companies in Canada have faced face high resistance from environmental groups and First Nations groups for the consent of new projects.Due to such constraints, the existing pipelines are highly-valued assets in the country.In 2005, Kinder Morgan had purchased Terasen Inc, wherein it obtained the Trans Mountain pipeline and considerably expanded footprint in Canada. The unit has earnings before interest, tax, depreciation and amortization (EBITDA) of about C$200 million.Per the sources, the assets, which will be sold individually or together, are anticipated to go for a multiple of 10 to 12 times EBITDA, taking the total value of the deal to C$2.4 billion.

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News

Better Buy: Kinder Morgan, Inc. vs. Enterprise Products Partners L.P.

KMI

Better Buy: Kinder Morgan, Inc. vs. Enterprise Products Partners L.P. Reuben Gregg Brewer, The Motley FoolMotley FoolSeptember 17, 2018, 12:04 PM GMT. If you are looking to invest in the midstream energy space, then industry giants Kinder Morgan, Inc. (NYSE: KMI) and Enterprise Products Partners L.P.(NYSE: EPD) will likely pop on to your list. Kinder Morgan's yield is 4.5%. But don't stop there because these two are doing very different things with their distributions today. Kinder Morgan is on a path to increase its distribution to $1.25 per share a year in 2020, up from just $0.50 in 2017. Enterprise is one of the more conservative midstream players, with a longtime focus on maintaining a strong distribution. For example, over the past few years the partnership has recorded distribution coverage of at least 1.2 times.

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Sunday, September 16


News

Kinder Morgan reopens South Carolina Fuel Terminals after Florence

TRI KMI

Kinder Morgan reopens South Carolina Fuel Terminals after Florence. ReutersSeptember 16, 2018, 9:33 PM GMT. NEW YORK, Sept 16 (Reuters) - Kinder Morgan Inc reopened fuel terminals in South Carolina on Sunday after Tropical Storm Florence passed through the area, a spokeswoman said in a statement. "Kinder Morgan’s recovery and start up efforts have begun," said spokeswoman Katherine Hill. The company is working with authorities to re-enter its facilities in Wilmington, North Carolina, on Monday. Additionally, construction activities at the Elba Island liquefied natural gas terminal are expected to resume on Monday, she said. (Reporting by Jessica Resnick-Ault; Editing by Peter Cooney). What to read next.

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Saturday, September 15


Social Chatter

Kinder Morgan Inc (INX:KMI) social chatter is higher than usual

KMI
Kinder Morgan and EagleClaw Announce Final Investment Decision on Permian Highway Pipeline Project https://t.co/8FXaX42m3J #Commodities
Social Chatter

Kinder Morgan Inc (INX:KMI) social chatter is higher than usual

KMI
When Trudeau came to power, 3 of the world’s best pipeline companies had plans to build projects to tide water: Enbridge, TransCanada & Kinder Morgan. All 3 companies have given up. Zero companies plan to try now. https://t.co/arGmc1TM8J

Friday, September 14


News

Kinder Morgan hires TD to sell Canadian business: sources

TRI KMI

Kinder Morgan hires TD to sell Canadian business: sources. ReutersSeptember 14, 2018, 5:24 PM GMT. TORONTO/NEW YORK (Reuters) - Kinder Morgan Inc has hired investment bank TD Securities to facilitate a potential sale of its Canadian business, which could fetch the U.S. pipeline operator as much as C$2.4 billion ($1.8 billion), people familiar with the situation told Reuters this week. The move comes about two weeks after Kinder Morgan closed its sale of the Trans Mountain pipeline to the Canadian government for about C$4.5 billion. At a conference earlier this month, Kinder Morgan Chief Executive Steven Kean indicated his willingness to sell the rest of the Canadian business. Spokeswomen for TD and Kinder Morgan declined to comment. ($1 = 1.3022 Canadian dollars). What to read next.

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News

Why Hold Strategy is Apt for Kinder Morgan (KMI) Stock Now

KMI

Why Hold Strategy is Apt for Kinder Morgan (KMI) Stock Now. We issued an updated research report on Kinder Morgan, Inc. KMI on Sep 14. The stock currently carries a Zacks Rank #3 (Hold), implying that the stock will perform in line with the broader U.S. equity market over the next one to three months. Click to get this free report TC PipeLines, LP (TCP) : Free Stock Analysis Report Petroleo Brasileiro S.A.- Petrobras (PBR) : Free Stock Analysis Report Helix Energy Solutions Group, Inc. (HLX) : Free Stock Analysis Report Kinder Morgan, Inc. (KMI) : Free Stock Analysis Report To read this article on Zacks.com click here.

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Monday, September 10


News

Kinder Morgan Inc. Is Still on the M&A Sidelines

KMI

Kinder Morgan Inc. Is Still on the M&A Sidelines. About half that spending has been on acquisitions, which have enabled the company to expand its footprint and add new business lines. That led an analyst at a recent conference to ask Kinder Morgan CEO Steve Kean when the company might be able to turn the corner and start making deals again. The company would like to see its valuation improve, not only to enrich shareholders but so that it can put itself back in position to use its stock for M&A. However, Kean made it clear that they will not have "an itchy trigger finger" and that they will exercise discipline and be on the lookout for opportunities he believes will still be available "as the value of our currency improves." What the company hopes to find when it's able to make deals again is something similar to its El Paso acquisition in 2011, where it was able to take costs out and capture both commercial and capital synergies, which provided a near-term boost to cash flow.

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