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INX:KMI, Dec 11, 04:51 UTC

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Better Buy: Buckeye Partners vs. Kinder Morgan

KMI

Matthew DiLallo, The Motley FoolMotley FoolDecember 10, 2018, 3:06 PM GMT. Buckeye Partners(NYSE: BPL) and Kinder Morgan(NYSE: KMI) are among the many energy midstream companies to experience the fallout of the oil market crash. Both companies have had to take drastic action to shore up their financial situation -- including cutting their high-yielding dividends -- so that they can fund expansion projects. However, one key difference between these two companies is that Kinder Morgan is way ahead of Buckeye Partners on its turnaround plan. Those moves should give the company the cash it needs to fund its current slate of expansions. However, the sales will negatively impact earnings and cash flow in the near term until the company's expansion projects come online toward the end of 2019. As a result, Buckeye is heading in reverse just as Kinder Morgan is accelerating.

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Thursday, December 06


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Report: Exploring Fundamental Drivers Behind Square, American Midstream Partners, LP, Cohen & Steers, Kinder Morgan, ManTech International, and Delta Air Lines — New Horizons, Emerging Trends, and Upcoming Developments

DAL KMI

The new research reports from Fundamental Markets, available for free download at the links above, examine Square, Inc. (SQ), American Midstream Partners, LP (AMID), Cohen & Steers Inc (CNS), Kinder Morgan, Inc. (KMI), ManTech International Corporation (MANT), and Delta Air Lines, Inc. (DAL) on a fundamental level and outlines the overall demand for their products and services in addition to an in-depth review of the business strategy, management discussion, and overall direction going forward. The report will be for the fiscal period ending December 31st, 2018. The estimated EPS forecast for the next fiscal year is $0.08 and is expected to report on February 26th, 2019. Delta Air Lines' Recent Financial Performance. For the three months ended September 30th, 2018 vs September 30th, 2017, Delta Air Lines reported revenue of $11,953.00MM vs $11,061.00MM (up 8.06%) and analysts estimated basic earnings per share $1.91 vs $1.62 (up 17.90%). For the twelve months ended December 31st, 2017 vs December 31st, 2016, Delta Air Lines reported revenue of $41,244.00MM vs $39,639.00MM (up 4.05%) and analysts estimated basic earnings per share $4.97 vs $5.82 (down 14.60%).

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Wednesday, December 05


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Kinder Morgan Inc (NYSE:KMI) Position Raised by Brown Advisory Securities LLC – Fairfield Current

KMI

Brown Advisory Securities LLC boosted its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 26.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The stock had a trading volume of 21,034,543 shares, compared to its average volume of 12,888,615. The company’s revenue was up 7.2% on a year-over-year basis. As a group, equities research analysts expect that Kinder Morgan Inc will post 0.87 EPS for the current year. In other news, insider Richard D. Kinder bought 500,000 shares of Kinder Morgan stock in a transaction dated Thursday, September 27th.

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Tuesday, December 04


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Kinder Morgan Falls After Guidance Update

KMI

Kinder Morgan Inc (NYSE: KMI) shares are down after providing initial 2019 financial guidance, expecting 2019 EBITDA of $7.8 billion. With the company tracking toward $7.53 billion EBITDA in 2018, Raymond James analyst Justin Jenkins says the year-over-year growth can be attributed to strong market fundamentals, as well as the Elba liquefaction and Gulf Coast Express growth projects, even with the drag of selling the TransMountain Pipeline. Kinder Morgan also issued FY19 distributable cash flow of $5 billion and says growth continues to be supported by a $6.5 billion backlog. “Importantly, KMI’s budget is based on a 2019 price deck of $60/bbl WTI crude oil and $3.15/MMBtu Henry Hub natural gas, which were forward prices at the time the budget was developed internally,” Jenkins wrote in a note.

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Kinder Morgan (KMI) Releases Initial Financial Projections

KMI

Kinder Morgan, Inc. KMI released preliminary financial projections for 2019.The company expects strong performance in 2019 with distributable cash flow expected to grow 10% to $5 billion. The upside will be supported by a backlog of $6.5 billion comprising energy infrastructure expansion opportunities. Some projects that are expected to be commissioned in 2019 include the Elba Liquefaction Project and Gulf Coast Express.Despite the sale of the Trans Mountain asset in 2018, the company expects to generate DCF of $2.20 per share and $7.8 billion of adjusted EBITDA, up 7% and 4% from 2018 budget, respectively.The company is also believed to return additional value to shareholders through 2019 as announced earlier in 2017. For 2019, Kinder Morgan projects to enhance the declared dividend per common share to $1.00 per share (annualized), beginning with $0.25 per share for the first quarter of 2019, up 25% from the 2018 dividend and 100% from the 2017 dividend. Kinder Morgan has commodity price sensitivity primarily in the CO2 segment, where it hedges the majority of next 12 months’ worth oil production to reduce the sensitivity. For 2019, the company projects that every $1 per barrel change in the average WTI crude oil price will impact DCF by about $9 million. Also, each 10 cents per MMBtu change in the price of natural gas is expected to impact DCF by about $1 million.Zacks Rank & Other Key PicksCurrently, Kinder Morgan carries a Zacks Rank #3 (Hold).A few better-ranked players in the same sector are Eni SpA E, Enterprise Products Partners L.P. EPD and SunCoke Energy, Inc SXC, each sporting a Zacks Rank #1 (Strong Buy).

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Monday, December 03


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Kinder Morgan Announces 2019 Financial Expectations

KMI

In 2019, with our market fundamentals remaining very strong, the Elba Liquefaction Project coming online and Gulf Coast Express entering service, we project continued growth,” said Steve Kean, KMI chief executive officer. Return additional value to shareholders in 2019 through the previously announced dividend increase. As first stated in KMI’s second quarter 2017 earnings release, KMI expects to increase the declared dividend per common share for 2019 to $1.00 per share (annualized), beginning with $0.25 per share for the Q1 2019 dividend (which is paid in Q2 2019), a 25 percent increase from the 2018 dividend and a 100 percent increase from the 2017 dividend. The primary area where KMI has commodity price sensitivity is in its CO2 segment, where KMI hedges the majority of its next 12 months of oil production to minimize this sensitivity. For 2019, the company estimates that every $1 per barrel change in the average WTI crude oil price impacts DCF by approximately $9 million and each $0.10 per MMBtu change in the price of natural gas impacts DCF by approximately $1 million. Our non-GAAP measures described above should not be considered alternatives to GAAP net income or other GAAP measures and have important limitations as analytical tools.Our computations of DCF and Adjusted EBITDA may differ from similarly titled measures used by others.You should not consider these non-GAAP measures in isolation or as substitutes for an analysis of our results as reported under GAAP.DCF should not be used as an alternative to net cash provided by operating activities computed under GAAP.Management compensates for the limitations of these non-GAAP measures by reviewing our comparable GAAP measures, understanding the differences between the measures and taking this information into account in its analysis and its decision making processes.

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Great Lakes Advisors LLC Has $5.23 Million Holdings in Kinder Morgan Inc (KMI) – Marea Informative

KMI

Great Lakes Advisors LLC reduced its stake in Kinder Morgan Inc (NYSE:KMI) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The firm has a market capitalization of $37.66 billion, a P/E ratio of 25.86, a price-to-earnings-growth ratio of 2.31 and a beta of 0.69. Kinder Morgan Inc has a 52 week low of $14.69 and a 52 week high of $19.83.

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Friday, November 30


News

Kinder Morgan, Williams win OK to start up facilities to boost feedgas to Cheniere LNG terminals - Kinder Morgan, Inc. (NYSE:KMI)

KMI

Kinder Morgan, Williams win OK to start up facilities to boost feedgas to Cheniere LNG terminals. U.S. regulators this week gave approval to pipeline operators Kinder Morgan (NYSE:KMI) and Williams (NYSE:WMB) to start up facilities that will increase the amount of available feedgas to serve Cheniere Energy's (NYSEMKT:LNG) liquefied natural gas export terminals in Louisiana and Texas. In separate orders yesterday, the Federal Energy Regulatory Commission cleared the KMI Louisiana Pipeline's request to start up remaining facilities on its Sabine Pass Expansion Project and the WMB Transcontinental Gas Pipe Line's request to start up certain facilities on its Gulf Connector Expansion Project. The Sabine Pass Expansion is designed to bring 600M cf/day of capacity to flow southbound on existing pipeline facilities for delivery to Cheniere's Louisiana export terminal in Cameron Parish, while the Gulf Connector Expansion is designed to provide 475M cf/day of incremental firm transportation capacity to several interconnections, including with Cheniere's Corpus Christi Pipeline in Texas.

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Better Buy: Kinder Morgan vs. ONEOK

KMI OKE

With a nearly $38 billion market cap, Kinder Morgan (NYSE: KMI) is one of the largest midstream companies in North America. Kinder Morgan currently offers investors a robust yield of 4.6%, more than twice what you'd get from an S&P 500 index fund. That's a pretty enticing dividend growth plan, especially when you consider that Kinder has one of the largest and most diverse midstream businesses in the industry. The move was accompanied by a peak in ONEOK's debt levels and a spike in its share count. So far the story is pretty similar. However, it's been roughly a year and ONEOK hasn't cut its dividend.

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Investors Purchase High Volume of Kinder Morgan Call Options (KMI) – Marea Informative

KMI

Kinder Morgan Inc (NYSE:KMI) saw some unusual options trading activity on Wednesday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Kinder Morgan has a fifty-two week low of $14.69 and a fifty-two week high of $19.83. In other news, insider Richard D. Kinder acquired 500,000 shares of Kinder Morgan stock in a transaction on Thursday, September 27th.

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