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 |
---|---|---|---|
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 |
3/1/2023 | $19.00 → $22.00 | Mkt Perform → Outperform | Bernstein |
12/9/2022 | $19.00 | Neutral | Citigroup |
9/8/2022 | $19.00 | Sell → Neutral | Goldman |
5/2/2022 | $22.00 | Buy | Truist |
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
Bernstein upgraded Kinder Morgan from Mkt Perform to Outperform and set a new price target of $22.00 from $19.00 previously
Citigroup initiated coverage of Kinder Morgan with a rating of Neutral and set a new price target of $19.00
Goldman upgraded Kinder Morgan from Sell to Neutral and set a new price target of $19.00
Truist resumed coverage of Kinder Morgan with a rating of Buy and set a new price target of $22.00
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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
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
Pipeline systems complementary to KMI's existing South Texas footprint Kinder Morgan, Inc. (NYSE:KMI) today closed on its previously announced $1.815 billion acquisition of NextEra Energy Partners' South Texas assets (STX Midstream), which includes a set of integrated, large diameter high pressure natural gas pipeline systems that connect the Eagle Ford basin to key growing Mexico and Gulf Coast demand markets. The acquisition includes a 90% interest in the NET Mexico pipeline (MGI Enterprises, a PEMEX affiliate, owns the other 10%), Eagle Ford Midstream and a 50% interest in Dos Caminos LLC (Howard Energy Partners (HEP) owns the remaining 50% and will continue to operate the pipeline). D
$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
$1.8 billion acquisition of 462 miles of pipeline with 4.9 billion cubic feet per day of transport capacity Kinder Morgan, Inc. (NYSE:KMI) today announced that it has agreed to acquire NextEra Energy Partner's South Texas assets, STX Midstream, for $1.815 billion. The STX Midstream pipeline system includes a set of integrated, large diameter high pressure natural gas pipelines that connect the Eagle Ford basin to key growing Mexico and Gulf Coast demand markets. STX Midstream includes a 90% interest in the NET Mexico pipeline; MGI Enterprises, a PEMEX affiliate, owns the other 10%. STX Midstream owns and operates Eagle Ford Midstream, a 158-mile residue line connecting the Eagle Ford basi
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
Approves Cash Dividend of $0.2825 Per Share ($1.13 Annualized) Sees Strong Performance Across its Portfolio of Assets Kinder Morgan, Inc.'s (NYSE:KMI) board of directors today approved a cash dividend of $0.2825 per share for the third quarter ($1.13 annualized), payable on November 15, 2023, to stockholders of record as of the close of business on October 31, 2023. This dividend is a 2% increase over the third quarter of 2022. The company is reporting: Third quarter earnings per share (EPS) of $0.24 was down slightly and distributable cash flow (DCF) per share of $0.49 was flat to the third quarter of 2022. Net income attributable to KMI of $532 million, compared to $576 millio
Kinder Morgan, Inc. (NYSE:KMI) today announced it will release third quarter 2023 earnings results on Wednesday, October 18, 2023 after market close and will hold a live webcast and conference call. What: Kinder Morgan Third Quarter ‘23 Earnings Results Webcast When: October 18, 2023, 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 1-630-395-0049 and entering the passcode 4700508. 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 av
Beats Budget for the Second Quarter, Returns Value to Shareholders and Maintains Healthy Balance Sheet Kinder Morgan, Inc.'s (NYSE:KMI) board of directors today approved a cash dividend of $0.2825 per share for the second quarter ($1.13 annualized), payable on August 15, 2023, to stockholders of record as of the close of business on July 31, 2023. This dividend is a 2% increase over the second quarter of 2022. The company is reporting second quarter net income attributable to KMI of $586 million, compared to $635 million in the second quarter of 2022 and distributable cash flow (DCF) of $1,076 million, compared to $1,176 million in the second quarter of 2022. Adjusted Earnings were $540
Kinder Morgan, Inc. (NYSE:KMI) today announced it will release second quarter 2023 earnings results on Wednesday, July 19, 2023 after market close and will hold a live webcast and conference call. What: Kinder Morgan Second Quarter ‘23 Earnings Results Webcast When: July 19, 2023, 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 1-517-308-9175 and entering the passcode 8306715. If you are unable to listen during the live webcast, the call will be archived at www.kindermorgan.c
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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The U.S. faces severe heat waves, impacting areas from the Midwest into much of the Ohio Valley, Great Lakes, Northeast, and Mid-Atlantic through the next few days. According to the latest updates from the National Oceanic and Atmospheric Administration (NOAA), high temperatures and warm overnight lows will likely challenge daily and even some monthly records. Heat index readings are expected to peak from 100 to 105 degrees in many locations. “Those without access to reliable air conditioning are urged to find a way to cool down. Record warm overnight temperatures will prevent natural cooling and allow the heat danger to build over time indoors without air conditioning,” the NOAA w
UBS analyst Brian Reynolds maintains Kinder Morgan (NYSE:KMI) with a Buy and raises the price target from $22 to $24.
Wells Fargo analyst Michael Blum upgrades Kinder Morgan (NYSE:KMI) from Equal-Weight to Overweight and raises the price target from $18 to $22.
Kinder Morgan's (NYSE:KMI) short percent of float has risen 7.49% since its last report. The company recently reported that it has 47.13 million shares sold short, which is 2.44% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.77 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
Kinder Morgan, Inc. (KMI) has reportedly acquired oil and gas-producing assets in West Texas and is planning to tap U.S. carbon capture incentives to increase output from the properties. The company paid about $100 million for the oilfield, reported Reuters. “The purchase shows how the U.S. Inflation Reduction Act’s $60 per metric ton tax credit for carbon sequestration is spurring oil and gas deals by increasing the attractiveness of older oil-producing areas,” the report quoted a person familiar with the matter. As per the report, the transaction includes some 265 wells in a mature area of the largest U.S. oil field and around 11,600 acres of land having potential to boost oil pro
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector. Vitesse Energy, Inc. (NYSE:VTS) Dividend Yield: 8.42% Alliance Global Partners analyst Jeff Grampp initiated coverage on the stock wi
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Congresswoman Marjorie Taylor Greene (R-Ga.), who resumed stock transactions after a two-year hiatus earlier this month, has added more shared to her portfolio, disclosures made on Tuesday showed. What Happened: Green disclosed a series of transactions involving stocks, and T-bills, and all were purchases made between Monday and Tuesday. Securities bought by the representative and the value of the purchases are as follows: CompanyValue RangeAdvanced Micro Devices, Inc. (NASDAQ:AMD)$1,001-$15,000Apple, Inc. (NASDAQ:AAPL)$1,001-$15,000Caterpillar, Inc. (NYSE:CAT)$1,001-$15,000Charles Schwab Corporation (NYSE:SCHW)$1,001-$15,000Kinder Morgan, Inc. (NYSE:KMI)$1,001-$15,000Southern Comp
Escalating electricity needs from running AI data centers will create downstream investment benefits in the utilities, renewable energy generation, and industrial sectors, according to Goldman Sachs. In a recently published study, equity analyst Carly Davenport has listed a basket of stocks positioned to benefit from the potential massive surge in U.S. power demand. The investment bank forecasts that data center power demand will grow at 15% compound annual growth rate from 2023-2030. This growth trajectory is expected to elevate data centers’ share of total US power demand to 8% by 2030, up from the current level of approximately 3%. The “U.S. power demand (is) likely to experien
Kinder Morgan's (NYSE:KMI) short percent of float has risen 29.38% since its last report. The company recently reported that it has 44.29 million shares sold short, which is 2.29% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.31 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