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Stock Market & Financial Investment News

News Breaks
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 15, 2014
16:13 EDTKMIKinder Morgan now sees exceeding published annual budget dividend of $1.72
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16:11 EDTKMIKinder Morgan raises dividend to 44c from 41c
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15:28 EDTKMINotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include American Express (AXP), consensus $1.36; eBay (EBAY), consensus 67c; Kinder Morgan (KMI), consensus 34c; Kinder Morgan Energy Partners (KMP), consensus 64c; Kinder Morgan Management (KMR), consensus 58c; El Paso Pipeline Partners (EPB), consensus 39c; Netflix (NFLX), consensus 93c; United Rentals (URI), consensus $2.08; Navient (NAVI), consensus 52c; Las Vegas Sands (LVS), consensus 58c; Umpqua Holdings (UMPQ), consensus 29c; Astoria Financial (AF), consensus 16c; Rambus (RMBS), consensus 5c.
05:58 EDTKMIStocks with implied volatility movement; KMI VLO
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October 14, 2014
16:53 EDTKMITennessee Gas Pipeline closes open season for South System Flexibility Project
Kinder Morgan Energy Partners (KMP) announced that KMP’s Tennessee Gas Pipeline Company, or TGP, successfully closed a binding open season for its South System Flexibility Project for 500,000 dekatherms per day of capacity. MexGas Supply, formerly known as MGI Supply, the natural gas supply arm of Petróleos Mexicanos, has been awarded 100% of the project capacity. Anticipated project capital is $187M, with service beginning as early as Jan. 1, 2015. In addition, TGP initiated a binding open season Oct. 9 for its proposed Lone Star expansion project, which includes an incremental 300,000 Dth/d of firm transportation from Tennessee to South Texas for future infrastructure projects. TGP has secured an unnamed foundation shipper for this project and will announce the results and further details upon the close of the open season, which is scheduled for Oct. 31. The volumes committed are sufficient to justify building the project. The general partner of KMP is owned by Kinder Morgan (KMI). KMI owns the general partner interests of KMP and El Paso Pipeline Partners (EPB), along with limited partner interests in KMP, Kinder Morgan Management (KMR) and EPB.
October 10, 2014
08:31 EDTKMIGoldman remains bullish on MLPs
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