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December 4, 2012
06:03 EDTKMIKinder Morgan releases financial expectations for FY13
Kinder Morgan announced its preliminary 2013 projections for Kinder Morgan (KMI), Kinder Morgan Energy Partners (KMP), Kinder Morgan Management (KMR) and El Paso Pipeline Partners (EPB). Company stated, "We anticipate strong growth in 2013 across the Kinder Morgan family of companies. KMI's growth is driven primarily by its ownership of the general partners of KMP and EPB. The majority of our assets resides at KMP and EPB. KMR is financially equivalent to KMP, but does not own any assets. Kinder Morgan primarily owns or operates a diversified portfolio of fee-based energy assets that generate substantial cash flow in virtually all types of market conditions. With our large footprint of midstream assets in North America, we are confident that Kinder Morgan is well positioned for future growth." KMI expects to declare dividends of $1.57 per share for 2013. This represents a 16% increase over KMI's 2012 budget target of $1.35 per share and a 12% increase over the $1.40 per share of dividends it expects to declare for 2012. Growth at KMI in 2013 is expected to be driven by continued strong performance at KMP, along with contributions from EPB and the natural gas assets that KMI acquired in the El Paso Corporation transaction. KMP expects to declare cash distributions of $5.28 per unit for 2013, a 6% increase over its 2012 budget target of $4.98 per unit, which it expects to meet. KMP's 2013 budget projection includes the expected purchase of 50% of El Paso Natural Gas Pipeline and a 50% stake in midstream assets from KMI, which would give KMP 100 percent ownership of these assets.
News For KMI From The Last 14 Days
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October 2, 2015
18:24 EDTKMITennessee Gas Pipeline issues statement of MA DPU order on EDCs
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September 29, 2015
13:42 EDTKMIKinder Morgan announces additional gas capacity commitments to NED project
Kinder Morgan announced that its subsidiary, Tennessee Gas Pipeline Company, has executed agreements with producers, local distribution companies and a New York end-use market participant totaling 627,000 dekatherms per day for the Supply Path component of the proposed Northeast Energy Direct Project. The agreements will provide a direct supply link from abundant natural gas fields in Pennsylvania to existing and future Northeast and New England markets, and firm transport of incremental supplies for delivery at or near Wright, New York. From the Wright area, shippers can deliver into the Market Path component of the NED project for transport to Dracut, Massachusetts, or into TGP's existing pipeline system or into the Iroquois Gas Transmission system. The incremental gas supplies will help meet New York and New England's growing consumer and industrial gas needs, as well as helping to bolster electric reliability in the region. TGP is continuing to negotiate with additional potential shippers on the NED project, including LDCs and others, and expects to announce these commitments and others at a later date. NED's Supply Path component, from northeastern Pennsylvania to Wright, New York, is scalable up to 1.2 billion cubic feet per day, and its Market Path component is scalable up to 1.3 Bcf/d. The NED project, including the Supply Path and Market Path components, has a planned in-service date of November 2018, subject to regulatory approvals. Additionally, the NED Supply Path component and associated agreements are subject to approval by the Kinder Morgan board of directors.

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