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INX:KMI, Jul 18, 08:57 UTC

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Better Buy: Brookfield Infrastructure Partners LP vs. Kinder Morgan, Inc.

KMI

Better Buy: Brookfield Infrastructure Partners LP vs. Kinder Morgan, Inc. Reuben Gregg Brewer, The Motley FoolMotley FoolJuly 17, 2018, 1:34 PM GMT. Brookfield Infrastructure's yield is roughly 4.6%. If you are looking to generate current income, the two are essentially a wash. However, Kinder Morgan is expecting its dividend to grow materially between 2018 and 2020, ending the period at $1.25 per share per year, up from $0.50 in 2017. Brookfield targets annual distribution growth of 5% to 9%, but has grown the payout at an annualized 11% since its inception in 2008 with no distribution cuts along the way. Assuming it hits the high end of its growth target, the distribution in 2020 would lead to a yield of roughly 5.5% using today's unit price. Kinder Morgan's 2016 dividend cut was partially driven by a difficult market environment for midstream companies and partly because it has historically made relatively aggressive use of leverage. When times got tough, it chose to keep spending on growth over continuing to reward shareholders for their investment in the company. Although it has paid down a material amount of debt since the dividend cut took place, the debt-to-EBITDA ratio still stands at around 6.2.

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Monday, July 16


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Kinder Morgan Inc Earnings Preview: What to Watch

KMI

That sale left several questions unanswered, which investors hope the company will address this week when it announces second-quarter results. The Trans Mountain Pipeline expansion project would have been a significant growth driver for Kinder Morgan. The $5.7 billion investment represented nearly half of the company's $12 billion capital project backlog as well as around half of the $1.6 billion of incremental EBITDA it expected these expansions to produce in the coming years, which would have boosted EBITDA 23% from 2017's level. However, with the centerpiece of its growth strategy going out the door, Kinder Morgan needs to determine its new way forward. While the company has already started work on developing new projects that will help offset this lost growth potential, including the recently unveiled Permian Highway Pipeline, three crucial questions remain unanswered:. What will happen to Kinder Morgan Canada Limited(TSX: KML)? Kinder Morgan currently owns 70% of Kinder Morgan Canada, which it created specifically to help fund the construction of the Trans Mountain expansion. While that entity owns several other assets in Canada, including some pipelines and storage terminals, Trans Mountain was its crown jewel.

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Kinder Morgan: 71% of the Analysts Rate It as a ‘Buy’

KMI

Of the analysts surveyed by Reuters covering Kinder Morgan (KMI), 71% rate the stock as a “buy,” while the remaining 29% rate the stock as a “hold.” The mean target price for Kinder Morgan provided by surveyed analysts is $20.7, which implies an upside of 15% from Kinder Morgan’s current price of $18.03. As the above graph shows, more analysts recommend Kinder Morgan as a “strong buy” than the analysts in July 2017.

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Kinder Morgan: Why Did the Short Interest Fall?

KMI

According to data released on July 11, the short interest in Kinder Morgan (KMI) stock fell from ~43.1 million shares on June 15 to 33.2 million shares on June 29. The short interest in Kinder Morgan as a percentage of its float is 1.7%. The short interest was 2.3% in mid-June. A fall in the short interest indicates that fewer investors expect Kinder Morgan’s stock price to fall more than the investors that expected a fall in mid-June.

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What's in the Cards for Kinder Morgan (KMI) in Q2 Earnings?

KMI

Kinder Morgan Inc KMI is expected to post second-quarter 2018 results on Jul 18.In the last reported quarter, the company delivered positive earnings surprise of 4.8%. Let’s see how things are shaping up prior to the announcement.Which Way are Estimates Treading?Let’s look at the estimate revisions to get a clear picture of what analysts are thinking about the company before earnings release.Estimates for second-quarter earnings have seen no upward movement but a downward one in the last 30 days. The Zacks Consensus Estimate of 19 cents reflects an improvement of about 35.7% from a year ago.Further, analysts polled by Zacks expect revenues of $3,422 million for the impending quarter, showing an increase of 1.6% year over year.Factors to ConsiderKinder Morgan has the largest network of natural gas pipelines in North America, spread over almost 85,000 miles. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Zacks Rank: Kinder Morgan carries a Zacks Rank #3.Please note that we caution investors against stocks with a Zacks Rank #4 or5 (Sell Rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.Stocks to ConsiderThough earnings beat looks uncertain for Kinder Morgan, here are some firms that you may want to consider on the basis of our model.

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Analyzing Kinder Morgan’s 2018 Budgeted Earnings

KMI

Kinder Morgan (KMI) expects to earn 24% of its budgeted EBDA (earnings before depreciation and amortization) for 2018 in the second quarter. If Kinder Morgan meets its budgeted number, it would mean 5% year-over-year growth in the segment EBDA in the second quarter. The second-quarter budgeted segment EBDA is 5% lower than in the first quarter.

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Saturday, July 14


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Will Kinder Morgan, Inc. Let Investors Down Again?

KMI

Kinder Morgan, Inc. (NYSE: KMI) is on a path to increase its dividend by 25% a year between 2018 and 2020. It's a move that management takes if there really aren't any other good options -- which is why it's so important to take a deeper look at Kinder Morgan's 2016 decision to cut its dividend by a massive 75%. Management had to make a tough choice: In an attempt to maintain its credit ratings, Kinder Morgan slashed the dividend to free up cash for its capital budget. Even after all of the planned dividend hikes between 2018 and 2020, the dividend will still be nearly 40% below where it was before the 2016 cut. What's going on today? KMI Dividend Per Share (Quarterly) data by YCharts. However, after announcing the agreement to sell the Trans Mountain Pipeline system, Kinder Morgan specifically said the move wouldn't impact its dividend growth plans.

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Friday, July 13


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Kinder Morgan’s Net Income Could Rise

KMI

Analysts’ consensus estimate for Kinder Morgan’s (KMI) second-quarter net income is $406 million—34% higher than analysts’ adjusted net income of $304 million for the second quarter of 2017. Kinder Morgan’s net income estimate for the second quarter is 17% lower than its first-quarter adjusted net income. Kinder Morgan beat its net income estimates in two out of the last ten quarters. The company missed the net income estimates in seven quarters and met the estimates in one quarter.

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Will Kinder Morgan’s Q2 2018 Results Support Its Stock?

KMI

So far, Kinder Morgan (KMI) stock has underperformed its peers in 2018. The stock has fallen nearly 5% in 2018. In comparison, the Energy Select Sector SPDR ETF (XLE) has risen nearly 3%. Kinder Morgan is expected to release its second-quarter earnings on July 18. In this series, we’ll discuss what to expect from the company’s upcoming earnings.

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Kinder Morgan subtracts capital gains tax to cut 'net price' for Trans Mountain

KMI

Kinder Morgan subtracts capital gains tax to cut 'net price' for Trans Mountain. It says that reduces the “net price” to $4.175 billion. The filing is designed to advise Kinder Morgan Canada shareholders in advance of their vote on the transaction in August. The document also recounts the negotiations that led to the deal, including an initial offer by the company to give the government a five per cent equity stake in return for financial guarantees and Ottawa’s counter suggestion it could buy 51 per cent of the pipeline assets.

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