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 |
---|---|---|---|
1/10/2025 | $26.00 | Sector Perform | Scotiabank |
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 |
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Scotiabank initiated coverage of Kinder Morgan with a rating of Sector Perform and set a new price target of $26.00
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
Outrigger Energy II LLC announced today that it has completed the sale of its midstream system in the Williston Basin of North Dakota to Hiland Partners Holdings LLC, a wholly owned subsidiary of Kinder Morgan, Inc. (NYSE:KMI) for $640 million. Outrigger's Williston Basin system includes a 270 MMcfd cryogenic gas processing plant, approximately 104 miles of high-pressure, large diameter gathering pipelines and 6,720 horsepower of field compression. Outrigger's high pressure gathering system extends across Williams and Mountrail Counties receiving gas from multiple high-capacity receipt points and the system is anchored by long-term, fee-based contracts with significant minimum volume commit
Acquired assets complementary to existing Hiland gas assets in the Bakken Kinder Morgan, Inc. (NYSE:KMI) today announced that its subsidiary, Hiland Partners Holdings LLC, closed on its previously announced $640 million acquisition of a natural gas gathering and processing system in North Dakota from Outrigger Energy II LLC. The acquisition includes a 270 million cubic feet per day (MMcf/d) processing facility and a 104-mile, large-diameter, high-pressure rich gas gathering header pipeline with 350 MMcf/d of capacity connecting supplies from the Williston Basin area to high-demand markets. The gathering and processing system is backed by long-term contracts with commitments from major cust
Fuel supply agreement strengthens reliability, lowers costs, and powers growth THE WOODLANDS, Texas, Feb. 11, 2025 /PRNewswire/ -- Entergy Texas reached a landmark transportation agreement with Kinder Morgan to secure natural gas supply, supporting the rapid industrial, commercial and residential growth in the region. The arrangement, which was developed in collaboration with Golden Pass LNG, is part of Kinder Morgan's $1.7 billion Trident Intrastate Pipeline project. The 216-mile project will transport Permian Basin and other natural gas supply at the Katy hub to the LNG and industrial corridor near Port Arthur, Texas–delivering additional diverse supply to growing and currently-constrained
BOSTON, Feb. 3, 2025 /PRNewswire/ -- ArcLight Capital Partners, LLC and affiliates (collectively, "ArcLight") announced today that it has completed the acquisition of a 25% equity interest in Gulf Coast Express Pipeline LLC ("GCX") for $865 million from an affiliate of Phillips 66 (NYSE:PSX). Going forward, GCX will be jointly owned by subsidiaries of Kinder Morgan, Inc. (NYSE:KMI) and affiliates of ArcLight. GCX will continue to be operated by a subsidiary of KMI. GCX is a premier, 500-mile natural gas pipeline with approximately 2 Bcf/d of capacity that is underpinned by a high-quality array of shippers under long-term committed contracts. GCX provides critical residue gas takeaway servic
Earnings per Share (EPS) up 11% and Adjusted EPS up 14% Announces $1.7 billion Trident Intrastate Pipeline Project Kinder Morgan, Inc.'s (NYSE:KMI) board of directors today approved a cash dividend of $0.2875 per share for the fourth quarter ($1.15 annualized), payable on February 18, 2025, to stockholders of record as of the close of business on February 3, 2025. This dividend is a 2% increase over the fourth quarter of 2023. KMI is reporting: Fourth quarter earnings per share (EPS) of $0.30, up 11% compared to the fourth quarter of 2023 and Adjusted EPS of $0.32, up 14% compared to the fourth quarter of 2023. Net income attributable to KMI of $667 million, compared to $594 mil
Kinder Morgan, Inc. (NYSE:KMI) today announced it will release fourth quarter 2024 earnings results on Wednesday, January 22, 2025, after market close and will hold a live webcast and conference call. What: Kinder Morgan Fourth Quarter ‘24 Earnings Results Webcast When: January 22, 2025, 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 1-517-308-9159 and entering the passcode 2172007. 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
Leading U.S. energy company to bring key expertise, best practices, and development of new capabilities to accelerate market growth. QUEBEC CITY and HOUSTON, Jan. 14, 2025 /PRNewswire/ - Flyscan Systems announced today that Kinder Morgan Inc. (NYSE: KMI) is joining its strategic investors Marathon Petroleum (NYSE:MPC), Enbridge (TSX:ENB) (NYSE:ENB) and Hatch to support the company's continued advancement and growth. The funding will enable Flyscan to accelerate commercialization and scale-up of its operations, including its entry in the Natural Gas detection and quantification market.
$640 million purchase includes 270 MMcf/d processing plant and rich gas header system strategically located in Williston Basin, North Dakota Kinder Morgan, Inc. (NYSE:KMI) today announced that its subsidiary, Hiland Partners Holdings LLC, has agreed to purchase a natural gas gathering and processing system in North Dakota from Outrigger Energy II LLC for $640 million. The acquisition includes a 270 million cubic feet per day (MMcf/d) processing facility and a 104-mile, large-diameter, high-pressure rich gas gathering header pipeline with 350 MMcf/d of capacity connecting supplies from the Williston Basin area to high-demand markets. The gathering and processing system is backed by long-te
Project designed to transport up to 1.5 Bcf/d of natural gas benefiting Southeast U.S. markets Tennessee Gas Pipeline, L.L.C. (TGP), a subsidiary of Kinder Morgan, Inc. (NYSE:KMI), today announced its decision to proceed with its Mississippi Crossing Project (MSX Project) after securing long-term, binding transportation agreements with customers for all the capacity. "This transformative project will benefit the Southeast region as it will provide incremental access to diverse sources of supply," said Natural Gas Pipelines President Sital Mody. "The additional supply will help satisfy growing energy demand and lower energy costs, allowing power generators and other energy suppliers in t
Phillips 66 (NYSE:PSX) announced today that it has entered into a definitive agreement to sell DCP GCX Pipeline LLC, which owns a 25% non-operated equity interest in Gulf Coast Express Pipeline LLC, to an affiliate of ArcLight Capital Partners, LLC for pre-tax total cash proceeds of $865 million, subject to purchase price adjustments. "With this transaction, we have exceeded our $3 billion asset divestiture target established in our strategic priorities. We intend to continue to optimize the portfolio and rationalize non-core assets going forward," said Mark Lashier, chairman and CEO of Phillips 66. "The evolution of our portfolio underscores our position as a leading integrated downstrea
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BOSTON, Feb. 3, 2025 /PRNewswire/ -- ArcLight Capital Partners, LLC and affiliates (collectively, "ArcLight") announced today that it has completed the acquisition of a 25% equity interest in Gulf Coast Express Pipeline LLC ("GCX") for $865 million from an affiliate of Phillips 66 (NYSE:PSX). Going forward, GCX will be jointly owned by subsidiaries of Kinder Morgan, Inc. (NYSE:KMI) and affiliates of ArcLight. GCX will continue to be operated by a subsidiary of KMI. GCX is a premier, 500-mile natural gas pipeline with approximately 2 Bcf/d of capacity that is underpinned by a high-quality array of shippers under long-term committed contracts. GCX provides critical residue gas takeaway servic
Earnings per Share (EPS) up 11% and Adjusted EPS up 14% Announces $1.7 billion Trident Intrastate Pipeline Project Kinder Morgan, Inc.'s (NYSE:KMI) board of directors today approved a cash dividend of $0.2875 per share for the fourth quarter ($1.15 annualized), payable on February 18, 2025, to stockholders of record as of the close of business on February 3, 2025. This dividend is a 2% increase over the fourth quarter of 2023. KMI is reporting: Fourth quarter earnings per share (EPS) of $0.30, up 11% compared to the fourth quarter of 2023 and Adjusted EPS of $0.32, up 14% compared to the fourth quarter of 2023. Net income attributable to KMI of $667 million, compared to $594 mil
Kinder Morgan, Inc. (NYSE:KMI) today announced it will release fourth quarter 2024 earnings results on Wednesday, January 22, 2025, after market close and will hold a live webcast and conference call. What: Kinder Morgan Fourth Quarter ‘24 Earnings Results Webcast When: January 22, 2025, 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 1-517-308-9159 and entering the passcode 2172007. 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
Phillips 66 (NYSE:PSX) announced today that it has entered into a definitive agreement to sell DCP GCX Pipeline LLC, which owns a 25% non-operated equity interest in Gulf Coast Express Pipeline LLC, to an affiliate of ArcLight Capital Partners, LLC for pre-tax total cash proceeds of $865 million, subject to purchase price adjustments. "With this transaction, we have exceeded our $3 billion asset divestiture target established in our strategic priorities. We intend to continue to optimize the portfolio and rationalize non-core assets going forward," said Mark Lashier, chairman and CEO of Phillips 66. "The evolution of our portfolio underscores our position as a leading integrated downstrea
$1.27 Adjusted EPS (up 8% from 2024); $8.3 billion Adjusted EBITDA; 3.8x leverage at year-end 2025; and $1.17 dividend per share Kinder Morgan, Inc. (NYSE:KMI) today announced its preliminary 2025 financial projections. "We expect 4% growth from 2024 in Adjusted EBITDA and 8% growth in Adjusted EPS due to growth projects in all our business segments, but most prominently in Natural Gas Pipelines and Energy Transition Ventures," said Kim Dang, KMI Chief Executive Officer. "We are projecting an annualized dividend of $1.17 in 2025, constituting the 8th year in a row in which we have increased our dividend. Our end-of-year 2025 Net Debt-to-Adjusted EBITDA ratio is forecast to be 3.8 times,
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
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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