Kinder Morgan, Inc. operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities. The Products Pipelines segment owns and operates refined petroleum products, and crude oil and condensate pipelines; and associated product terminals and petroleum pipeline transmix facilities. The Terminals segment owns and/or operates liquids and bulk terminals that stores and handles various commodities, including gasoline, diesel fuel, chemicals, ethanol, metals, and petroleum coke; and owns tankers. The CO2 segment produces, transports, and markets CO2 to recovery and production crude oil from mature oil fields; and owns interests in/or operates oil fields and gasoline processing plants, as well as operates a crude oil pipeline system in West Texas. It owns and operates approximately 83,000 miles of pipelines and 144 terminals. The company was formerly known as Kinder Morgan Holdco LLC and changed its name to Kinder Morgan, Inc. in February 2011. Kinder Morgan, Inc. was founded in 1936 and is headquartered in Houston, Texas.
IPO Year: 2011
Exchange: NYSE
Website: kindermorgan.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/17/2024 | $27.00 | Buy | BofA Securities |
| 10/11/2024 | $23.00 → $27.00 | Neutral → Buy | BofA Securities |
| 9/16/2024 | $24.00 | Underweight → Equal-Weight | Morgan Stanley |
| 7/19/2024 | $24.00 | Hold → Buy | Argus |
| 6/4/2024 | $18.00 → $22.00 | Equal Weight → Overweight | Wells Fargo |
| 3/25/2024 | $22.00 → $20.00 | Buy → Hold | Truist |
| 10/6/2023 | $20.00 | Buy | Goldman |
| 10/3/2023 | Neutral | Pickering Energy Partners | |
| 7/12/2023 | Underperform → Peer Perform | Wolfe Research | |
| 3/2/2023 | $20.00 | Sector Perform | Scotiabank |
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Final Investment Decision Reached for Gulf Coast Express Pipeline Expansion Earnings per Share (EPS) up 17% Compared to Third Quarter 2023 Adjusted EPS flat to Third Quarter 2023 Kinder Morgan, Inc.'s (NYSE:KMI) board of directors today approved a cash dividend of $0.2875 per share for the third quarter ($1.15 annualized), payable on November 15, 2024 to stockholders of record as of the close of business on October 31, 2024. This dividend is a 2% increase over the third quarter of 2023. The company is reporting: Third quarter earnings per share (EPS) of $0.28, up 17% compared to the third quarter of 2023, Adjusted EPS of $0.25, flat to the third quarter of 2023 and distributable cash
Kinder Morgan, Inc. (NYSE:KMI) today announced it will release third quarter 2024 earnings results on Wednesday, October 16, 2024, after market close and will hold a live webcast and conference call. What: Kinder Morgan Third Quarter ‘24 Earnings Results Webcast When: October 16, 2024, at 3:30 p.m. CT, 4:30 p.m. ET Where: http://ir.kindermorgan.com/presentations-webcasts How: Live over the Internet by logging on to the web at the above address, or by phone (listen-only) by dialing 1-312-470-7367 and entering the passcode 7505235. If you are unable to listen during the live webcast, the call will be archived at www.kindermorgan.com. A recording of the conference call will also be availa
Approves Cash Dividend of $0.2875 Per Share ($1.15 Annualized) Earnings per Share Flat to Second Quarter 2023; Adjusted Earnings per Share Up 4% Kinder Morgan, Inc.'s (NYSE:KMI) board of directors today approved a cash dividend of $0.2875 per share for the second quarter ($1.15 annualized), payable on August 15, 2024 to stockholders of record as of the close of business on July 31, 2024. This dividend is a 2% increase over the second quarter of 2023. The company is reporting: Second quarter earnings per share (EPS) of $0.26 and distributable cash flow (DCF) per share of $0.49, flat and up 2%, respectively, compared to the second quarter of 2023. Net income attributable to KMI of
Kinder Morgan, Inc. (NYSE:KMI) today announced it will release second quarter 2024 earnings results on Wednesday, July 17, 2024 after market close and will hold a live webcast and conference call. What: Kinder Morgan Second Quarter ‘24 Earnings Results Webcast When: July 17, 2024, at 3:30 p.m. CT, 4:30 p.m. ET Where: http://ir.kindermorgan.com/presentations-webcasts How: Live over the Internet by logging on to the web at the above address, or by phone (listen-only) by dialing 1-312-470-0126 and entering the passcode 7673475. If you are unable to listen during the live webcast, the call will be archived at www.kindermorgan.com. A recording of the conference call will also be availa
Earnings per Share up 10%; Adjusted Earnings per Share up 13% Approves Cash Dividend of $0.2875 Per Share ($1.15 Annualized) Kinder Morgan, Inc.'s (NYSE:KMI) board of directors today approved a cash dividend of $0.2875 per share for the first quarter ($1.15 annualized), payable on May 15, 2024, to stockholders of record as of the close of business on April 30, 2024. This dividend is a 2% increase over the first quarter of 2023. The company is reporting: First quarter earnings per share (EPS) of $0.33 and distributable cash flow (DCF) per share of $0.64, up 10% and 5%, respectively, compared to the first quarter of 2023. Net income attributable to KMI of $746 million, compared to
Kinder Morgan, Inc. (NYSE:KMI) today announced it will release first quarter 2024 earnings results on Wednesday, April 17, 2024 after market close and will hold a live webcast and conference call. What: Kinder Morgan First Quarter ‘24 Earnings Results Webcast When: April 17, 2024, at 3:30 p.m. CT, 4:30 p.m. ET Where: http://ir.kindermorgan.com/presentations-webcasts How: Live over the Internet by logging on to the web at the above address, or by phone (listen-only) by dialing 1-517-308-9431 and entering the passcode 8305461. If you are unable to listen during the live webcast, the call will be archived at www.kindermorgan.com. A recording of the conference call will also be availa
Raises 2024 Financial Guidance to Include Acquisition; Approves Cash Dividend of $0.2825 Per Share ($1.13 Annualized) Kinder Morgan, Inc.'s (NYSE:KMI) board of directors today approved a cash dividend of $0.2825 per share for the fourth quarter ($1.13 annualized), payable on February 15, 2024, to stockholders of record as of the close of business on January 31, 2024. This dividend is a 2% increase over the fourth quarter of 2022. The company is reporting: Fourth quarter earnings per share (EPS) of $0.27 and distributable cash flow (DCF) per share of $0.52, down 10% and 4%, respectively, compared to the fourth quarter of 2022. Net income attributable to KMI of $594 million, compa
Kinder Morgan, Inc. (NYSE:KMI) today announced it will release fourth quarter 2023 earnings results on Wednesday, January 17, 2024 after market close and will hold a live webcast and conference call. What: Kinder Morgan Fourth Quarter ‘23 Earnings Results Webcast When: January 17, 2024, at 3:30 p.m. CT, 4:30 p.m. ET Where: http://ir.kindermorgan.com/presentations-webcasts How: Live over the Internet by logging on to the web at the above address, or by phone (listen-only) by dialing 1-210-234-0023 and entering the passcode 3265653. If you are unable to listen during the live webcast, the call will be archived at www.kindermorgan.com. A recording of the conference call will also be
JUNO BEACH, Fla., Dec. 28, 2023 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE:NEP) today announced it has closed on its previously disclosed agreement with Kinder Morgan, Inc. (NYSE: KMI) to sell its Texas natural gas pipeline portfolio for $1.815 billion. "The completion of this sale is an important step in NextEra Energy Partners' transition plans," said John Ketchum, chairman and chief executive officer. "With the Texas natural gas pipeline portfolio sale complete, the partnership has sufficient proceeds available to address the equity buyouts of the STX Midstream and N
$1.15 dividend per share; $1.21 net income attributable to KMI per share; and $8 billion Adjusted EBITDA Kinder Morgan, Inc. (NYSE:KMI) today announced its preliminary 2024 financial projections. "We expect 5% growth across the board in 2024 in Adjusted EBITDA, distributable cash flow (DCF) and DCF per share due to growth projects in all our business segments, but most prominently in Natural Gas Pipelines and Energy Transition Ventures, as well as from contract rate escalations in our Products Pipelines and Terminals business segments," said Kim Dang, KMI Chief Executive Officer. "It is important to note that the company's budget does not include the recently announced acquisition of Next
CAMBRIDGE, Mass., Feb. 22, 2021 /PRNewswire/ -- TriNetX, the global health research network that revolutionizes clinical research and enables discoveries through the generation of real-world evidence (RWE), today announced the appointment of four new members to the company's board of directors including the appointment of former Pfizer CEO and Chairman Ian Read as the company's new Chairman of the Board. The changes to the TriNetX board follows the acquisition of a majority stake in the company by The Carlyle Group in October. In addition to Mr. Read, the new members of the TriNetX board are Steve Wise, Joe Bress, and Ashley Evans from Carlyle. They join current board members Gadi Lachman, J
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BofA Securities resumed coverage of Kinder Morgan with a rating of Buy and set a new price target of $27.00
BofA Securities upgraded Kinder Morgan from Neutral to Buy and set a new price target of $27.00 from $23.00 previously
Morgan Stanley upgraded Kinder Morgan from Underweight to Equal-Weight and set a new price target of $24.00
Argus upgraded Kinder Morgan from Hold to Buy and set a new price target of $24.00
Wells Fargo upgraded Kinder Morgan from Equal Weight to Overweight and set a new price target of $22.00 from $18.00 previously
Truist downgraded Kinder Morgan from Buy to Hold and set a new price target of $20.00 from $22.00 previously
Goldman resumed coverage of Kinder Morgan with a rating of Buy and set a new price target of $20.00
Pickering Energy Partners initiated coverage of Kinder Morgan with a rating of Neutral
Wolfe Research upgraded Kinder Morgan from Underperform to Peer Perform
Scotiabank initiated coverage of Kinder Morgan with a rating of Sector Perform and set a new price target of $20.00
Final Investment Decision Reached for Gulf Coast Express Pipeline Expansion Earnings per Share (EPS) up 17% Compared to Third Quarter 2023 Adjusted EPS flat to Third Quarter 2023 Kinder Morgan, Inc.'s (NYSE:KMI) board of directors today approved a cash dividend of $0.2875 per share for the third quarter ($1.15 annualized), payable on November 15, 2024 to stockholders of record as of the close of business on October 31, 2024. This dividend is a 2% increase over the third quarter of 2023. The company is reporting: Third quarter earnings per share (EPS) of $0.28, up 17% compared to the third quarter of 2023, Adjusted EPS of $0.25, flat to the third quarter of 2023 and distributable cash
Kinder Morgan, Inc. (NYSE:KMI) today announced it will release third quarter 2024 earnings results on Wednesday, October 16, 2024, after market close and will hold a live webcast and conference call. What: Kinder Morgan Third Quarter ‘24 Earnings Results Webcast When: October 16, 2024, at 3:30 p.m. CT, 4:30 p.m. ET Where: http://ir.kindermorgan.com/presentations-webcasts How: Live over the Internet by logging on to the web at the above address, or by phone (listen-only) by dialing 1-312-470-7367 and entering the passcode 7505235. If you are unable to listen during the live webcast, the call will be archived at www.kindermorgan.com. A recording of the conference call will also be availa
Report reflects new and expanded disclosures regarding methane emissions, evaluation of greenhouse gas reduction opportunities, and diversity initiatives Kinder Morgan, Inc. (NYSE:KMI) announced today the publication of its 2023 Sustainability Report. The report highlights KMI's progress on its continued improvement of sustainability programs including: Reducing absolute methane emissions by 8% from 2021 A female and minority participation rate of 35% in leadership training programs in 2023 Improving total gender and minority diversity of the KMI board to 31%, with the addition of Amy Chronis Also discussed in the report is KMI's new greenhouse gas (GHG) reduction opportunit
Approves Cash Dividend of $0.2875 Per Share ($1.15 Annualized) Earnings per Share Flat to Second Quarter 2023; Adjusted Earnings per Share Up 4% Kinder Morgan, Inc.'s (NYSE:KMI) board of directors today approved a cash dividend of $0.2875 per share for the second quarter ($1.15 annualized), payable on August 15, 2024 to stockholders of record as of the close of business on July 31, 2024. This dividend is a 2% increase over the second quarter of 2023. The company is reporting: Second quarter earnings per share (EPS) of $0.26 and distributable cash flow (DCF) per share of $0.49, flat and up 2%, respectively, compared to the second quarter of 2023. Net income attributable to KMI of
Kinder Morgan, Inc. (NYSE:KMI) today announced it will release second quarter 2024 earnings results on Wednesday, July 17, 2024 after market close and will hold a live webcast and conference call. What: Kinder Morgan Second Quarter ‘24 Earnings Results Webcast When: July 17, 2024, at 3:30 p.m. CT, 4:30 p.m. ET Where: http://ir.kindermorgan.com/presentations-webcasts How: Live over the Internet by logging on to the web at the above address, or by phone (listen-only) by dialing 1-312-470-0126 and entering the passcode 7673475. If you are unable to listen during the live webcast, the call will be archived at www.kindermorgan.com. A recording of the conference call will also be availa
Earnings per Share up 10%; Adjusted Earnings per Share up 13% Approves Cash Dividend of $0.2875 Per Share ($1.15 Annualized) Kinder Morgan, Inc.'s (NYSE:KMI) board of directors today approved a cash dividend of $0.2875 per share for the first quarter ($1.15 annualized), payable on May 15, 2024, to stockholders of record as of the close of business on April 30, 2024. This dividend is a 2% increase over the first quarter of 2023. The company is reporting: First quarter earnings per share (EPS) of $0.33 and distributable cash flow (DCF) per share of $0.64, up 10% and 5%, respectively, compared to the first quarter of 2023. Net income attributable to KMI of $746 million, compared to
Kinder Morgan, Inc. (NYSE:KMI) today announced it will release first quarter 2024 earnings results on Wednesday, April 17, 2024 after market close and will hold a live webcast and conference call. What: Kinder Morgan First Quarter ‘24 Earnings Results Webcast When: April 17, 2024, at 3:30 p.m. CT, 4:30 p.m. ET Where: http://ir.kindermorgan.com/presentations-webcasts How: Live over the Internet by logging on to the web at the above address, or by phone (listen-only) by dialing 1-517-308-9431 and entering the passcode 8305461. If you are unable to listen during the live webcast, the call will be archived at www.kindermorgan.com. A recording of the conference call will also be availa
Kinder Morgan, Inc. (NYSE:KMI) today announced that its board of directors has nominated Amy W. Chronis to stand for election as a director at its annual meeting of stockholders on May 8, 2024. Ms. Chronis is a Senior Partner with Deloitte and is scheduled to retire from Deloitte as of June 1, 2024. She served as Deloitte's Vice Chair and US Energy & Chemicals Industry Leader from January 2021 to January 2024 and as the Managing Partner of Deloitte's Houston practice from February 2018 to January 2024. She joined Deloitte as a Partner in June 2002. In addition to her work with Deloitte, Ms. Chronis serves on the boards of directors of the Greater Houston Partnership, the United Way of G
Representatives of Kinder Morgan, Inc. (KMI) intend to make presentations in Houston, Texas on January 24, 2024 at the Kinder Morgan 2024 Investor Day regarding the company's strategy and long-term outlook, the results for fiscal year 2023 and the financial budget for 2024. Interested parties will be able to view the materials to be presented at the event by visiting KMI's website at: https://ir.kindermorgan.com/events-and-presentations/default.aspx. The presentations will also be accessible by audio webcast (both live and on-demand) on KMI's website at the same web address. Live presentations are scheduled to begin at 9 a.m. CT, and an archived webcast will remain available for at least
Raises 2024 Financial Guidance to Include Acquisition; Approves Cash Dividend of $0.2825 Per Share ($1.13 Annualized) Kinder Morgan, Inc.'s (NYSE:KMI) board of directors today approved a cash dividend of $0.2825 per share for the fourth quarter ($1.13 annualized), payable on February 15, 2024, to stockholders of record as of the close of business on January 31, 2024. This dividend is a 2% increase over the fourth quarter of 2022. The company is reporting: Fourth quarter earnings per share (EPS) of $0.27 and distributable cash flow (DCF) per share of $0.52, down 10% and 4%, respectively, compared to the fourth quarter of 2022. Net income attributable to KMI of $594 million, compa
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5 analysts have shared their evaluations of Kinder Morgan (NYSE:KMI) during the recent three months, expressing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 2 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 1 0 0 2M Ago 1 1 0 0 0 3M Ago 0 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $22.8, along with a high estimate of $24.00 and a low estimate of $21.00. This current average reflects an
JP Morgan analyst Jeremy Tonet maintains Kinder Morgan (NYSE:KMI) with a Neutral and raises the price target from $20 to $23.
On CNBC's “Halftime Report Final Trades,” Kevin Simpson of Capital Wealth Planning said Honeywell International Inc. (NASDAQ:HON) bought back 10% of their float over the last five years. Honeywell will release its second-quarter financial results, before the opening bell on Thursday, July 25. Analysts expect the Charlotte, North Carolina-based company to report quarterly earnings at $2.41 per share, up from $2.23 per share in the year-ago period. Honeywell is seen posting revenue of $9.41 billion, compared to $9.17 billion a year earlier, according to data from Benzinga Pro. Don't forget to check out our premarket coverage here Joshua Brown of Ritholtz Wealth Management said Corning
Argus Research analyst Bill Selesky upgrades Kinder Morgan (NYSE:KMI) from Hold to Buy and announces $24 price target.
Kinder Morgan's (NYSE:KMI) short percent of float has risen 8.64% since its last report. The company recently reported that it has 46.22 million shares sold short, which is 2.39% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.79 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
It’s another risk-off day on Wall Street, with all major U.S. indices trading in the red. The CBOE Volatility Index (VIX), often referred to as the market’s fear gauge, spiked over 10%, reaching levels last seen in late April. Both the S&P 500 and the Nasdaq 100 indices declined by 0.6%, while the Dow Jones Industrial Average fell 0.7%, potentially ending a streak of six consecutive positive sessions. Small-cap stocks also succumbed to the broader negative sentiment, with the Russell 2000 index dropping 0.7%. Chicago Fed President Austan Goolsbee, a known “dove” on the board, expressed optimism about progress on inflation and the U.S. economy’s resilience in avoiding a recession. He
Kinder Morgan, Inc. (NYSE:KMI) reported second-quarter FY24 revenue of $3.57 billion, missing the consensus of $4.12 billion. Natural Gas Pipelines segment saw improved financial performance Y/Y, driven by higher contributions from the Texas Intrastate system and the STX Midstream acquisition. Also, contributions from the Products Pipelines segment increased Y/Y, aided by higher rates on existing assets and contributions from new capital projects. In the second quarter, earnings in the Terminals business segment exceeded Y/Y, led by new expansion projects coming online and increased rates and utilization at their New York Harbor hub facilities in liquids terminals. CO2 business s
Beaten-down stocks could make a comeback on Thursday, with Taiwan Semiconductor Manufacturing Company Ltd.’s (NYSE:TSM) strong quarterly report lifting sentiment toward tech stocks. The major U.S. index futures were mixed ahead of the trading session. A few Fed speeches scheduled for the day, and key economic data, including jobless claims, the results of a regional manufacturing survey, and leading economic index may influence trading direction. Traders may also pay attention to the European Central Bank’s rate decision and its monetary policy outlook. FuturesPerformance (+/-)Nasdaq 100+0.40%S&P 500+0.15%Dow-0.13%R2K-0.03% In premarket trading on Thursday, the SPDR S&P 500 ETF Trus
Scotiabank analyst Tristan Richardson maintains Kinder Morgan (NYSE:KMI) with a Sector Perform and raises the price target from $19 to $21.