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Stock Market & Financial Investment News

News Breaks
November 14, 2012
12:01 EDTKMP, KMIEl Paso Natural Gas signs long-term contract to build new pipeline
El Paso Natural Gas, owned by Kinder Morgan Energy (KMP) and Kinder Morgan (KMI), has entered into a 25-year transportation precedent agreement in connection with plans to build a new pipeline to serve customers in Mexico. Terms call for EPNG, acting through its affiliate Sasabe Pipeline Company, to initially provide approximately 200M cubic feet per day of firm transportation capacity via a new, 60-mile, 36-inch diameter lateral pipeline that would extend from EPNG's existing south mainlines, near Tucson, Ariz., to the U.S.-Mexico border, terminating at Sasabe, Ariz. The proposed Sasabe Pipeline would interconnect via a new international border crossing with a 36-inch diameter natural gas pipeline to be built in Mexico. It is anticipated that FERC certificate and presidential permit applications will be filed in early 2013. Subject to regulatory approvals, construction of the Sasabe Lateral would begin in the first quarter of 2014, with anticipated in-service in September 2014.
News For KMP;KMI From The Last 14 Days
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April 16, 2014
18:26 EDTKMPKinder Morgan Energy reports Q1 EPS 67c, consensus 73c
Reports Q1 revenue $3.65B, consensus $3.41B.
18:25 EDTKMIKinder Morgan reports Q1 EPS 28c, consensus 33c
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16:13 EDTKMPKinder Morgan Energy raises distribution to $1.38 from $1.36
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16:12 EDTKMIKinder Morgan raises dividend to 42c per share from 41c
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15:17 EDTKMPNotable companies reporting after market close
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April 14, 2014
08:40 EDTKMPKinder Morgan's TGP awards 100% of capacity for Broad Run to Antero Resources
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April 11, 2014
07:18 EDTKMPHuntington Ingalls conducts study with Kinder Morgan
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