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Kinder Morgan Inc (KMI.N)

KMI.N on New York Stock Exchange

17.91USD
13 Jul 2018
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Latest Key Developments (Source: Significant Developments)

Kinder Morgan, Eagleclaw Midstream And Apache Announce Joint Development Of The Permian Highway Pipeline Project
Monday, 25 Jun 2018 

June 25 (Reuters) - Apache Corp ::KINDER MORGAN, EAGLECLAW MIDSTREAM AND APACHE ANNOUNCE JOINT DEVELOPMENT OF THE PERMIAN HIGHWAY PIPELINE PROJECT.KINDER MORGAN TEXAS PIPELINE LLC - PHP PROJECT VALUED AT APPROXIMATELY $2 BILLION.KINDER MORGAN TEXAS PIPELINE LLC- PHP PROJECT EXPECTED TO BE IN SERVICE IN LATE 2020.KINDER MORGAN TEXAS PIPELINE LLC - PHP PROJECT EXPECTED TO BE IN SERVICE IN LATE 2020.KINDER MORGAN TEXAS PIPELINE LLC- KMTP WILL BUILD AND OPERATE THE PIPELINE.KINDER MORGAN TEXAS PIPELINE - KMTP AND EAGLECLAW WILL BE INITIAL PARTNERS (50 PERCENT OWNERSHIP EACH).KINDER MORGAN TEXAS PIPELINE LLC - APACHE PLANNING TO COMMIT UP TO 500,000 DEKATHERMS PER DAY IN THE PROJECT.KINDER MORGAN TEXAS PIPELINE LLC - APACHE WILL HAVE OPTION TO ACQUIRE UP TO 33 PERCENT EQUITY IN PROJECT FROM INITIAL PARTNERS.  Full Article

Canadian regulator approves changes to Trans Mountain pipeline terminal
Friday, 22 Jun 2018 

June 22 (Reuters) - Canada's National Energy Board said on Friday::CANADA'S NATIONAL ENERGY BOARD APPROVES APPLICATION TO ALTER PLANS FOR BURNABY TERMINAL OF TRANS MOUNTAIN OIL PIPELINE -NEB.CHANGES DESIGNED TO IMPROVE SAFETY AT TRANS MOUNTAIN PIPELINE END POINT -NEB.DECISION AS WELL AS TWO MORE ABOUT RISK ASSESSMENT, QUALITY MANAGEMENT ALLOW START OF CONSTRUCTION AT BURNABY TERMINAL -NEB.  Full Article

Kinder Morgan execs to stay with Canada-owned oil pipeline
Monday, 4 Jun 2018 

June 4 (Reuters) - Kinder Morgan Canada ::PRESIDENT IAN ANDERSON, VP DAVID SAFARI TO CONTINUE WORKING ON TRANS MOUNTAIN PIPELINE UNDER FEDERAL OWNERSHIP-REGULATORY FILING.ANDERSON, SAFARI TO BE PAID $1.5 MILLION RETENTION BONUSES, PAYABLE IN EQUAL PARTS ON JULY 2019, JULY 2020-REGULATORY FILING.  Full Article

Kinder Morgan Says Kinder Morgan Cochin Ulc Entered Credit Agreement Establishing C$500 Million Revolving Credit Facility
Friday, 1 Jun 2018 

June 1 (Reuters) - Kinder Morgan Inc ::KINDER MORGAN - KINDER MORGAN COCHIN ULC ENTERED CREDIT AGREEMENT ESTABLISHING C$500 MILLION REVOLVING CREDIT FACILITY - SEC FILING.  Full Article

Canada's Morneau: will listen to bidders on Trans Mountain pipeline in short-term
Wednesday, 30 May 2018 

May 30 (Reuters) - Kinder Morgan Canada Ltd ::CANADA'S MORNEAU: WILL LISTEN TO BIDDERS ON TRANS MOUNTAIN PIPELINE IN SHORT-TERM; SALE WILL DEPEND ON CERTAINTY OF GETTING IT BUILT.  Full Article

Canada PM says "there is a very strong business case" for the Kinder Morgan Canada expansion
Tuesday, 29 May 2018 

May 29 (Reuters) - Kinder Morgan Inc ::CANADA PM SAYS "THERE IS A VERY STRONG BUSINESS CASE" FOR THE KINDER MORGAN CANADA EXPANSION.CANADA PM TRUDEAU SAYS A LOT OF CHALLENGES TO A PIPELINE DISAPPEAR WHEN THE GOVERNMENT TAKES OVER CONTROL.CANADA PM TRUDEAU, WHEN ASKED WHETHER GOVERNMENT MIGHT NATIONALISE ANOTHER PIPELINE, SAYS WILL 'ALWAYS LOOK AT THINGS ON A CASE BY CASE BASIS'.  Full Article

B.C. Premier says will continue legal challenge to oil pipeline
Tuesday, 29 May 2018 

May 29 (Reuters) - Kinder Morgan Inc ::BRITISH COLUMBIA PREMIER JOHN HORGAN TELLS LOCAL RADIO STATION PROVINCE WILL CONTINUE WITH LEGAL REFERENCE CASE TO RESTRICT CRUDE OIL TO ITS COAST.B.C. PREMIER HORGAN SAYS DOESN'T MATTER WHO OWNS PIPELINE, CONCERNED WITH WHAT IS TRAVELLING IN PIPELINE - LOCAL RADIO.  Full Article

Kinder Morgan Canada looks to expand on remaining assets after Trans Mountain sale
Tuesday, 29 May 2018 

May 29 (Reuters) - Kinder Morgan Canada CEO Steve Kean, speaking on a conference call::KINDER MORGAN CANADA CEO SAYS WILL CONTINUE TO OWN COMPANY'S REMAINING ASSETS AFTER TRANS MOUNTAIN SALE, LOOKS TO EXPAND ON THEM.KINDER MORGAN CANADA CEO SAYS NO DECISION MADE ON USE OF PROCEEDS FROM TRANS MOUNTAIN SALE.KINDER MORGAN CANADA CEO SAYS INTERESTED IN ACQUIRING CANADA MIDSTREAM ASSETS THAT FIT.  Full Article

Kinder Morgan Says Trans Mountain Pipeline System & Expansion Project to Be Sold for C$4.5 Billion
Tuesday, 29 May 2018 

May 29 (Reuters) - Kinder Morgan Inc ::TRANS MOUNTAIN PIPELINE SYSTEM AND EXPANSION PROJECT TO BE SOLD FOR C$4.5 BILLION.KINDER MORGAN INC - AGREED TO WORK WITH GOVERNMENT OF CANADA TO SEEK A THIRD PARTY BUYER FOR TRANS MOUNTAIN PIPELINE SYSTEM AND TMEP THROUGH JULY 22, 2018.KINDER MORGAN INC - KMI 2018 DCF GUIDANCE AFFIRMED.KINDER MORGAN - GOVERNMENT OF CANADA AGREED TO FUND RESUMPTION OF TMEP PLANNING & CONSTRUCTION WORK BY GUARANTEEING TMEP'S ADVANCES.KINDER MORGAN - PARTIES EXPECT TO CLOSE DEAL LATE IN Q3 OR EARLY IN Q4 OF 2018.KINDER MORGAN INC - FOR KMI STILL EXPECT TO MEET OR EXCEED 2018 DISTRIBUTABLE CASH FLOW PER SHARE TARGET.KINDER MORGAN INC - CONTINUE TO EXPECT A 2018 ANNUALIZED DIVIDEND OF $0.80 PER SHARE, FOLLOWED BY $1.00 PER SHARE IN 2019 AND $1.25 PER SHARE IN 2020.KINDER MORGAN - DEAL WILL HAVE POSITIVE IMPACT ON CONSOL BALANCE SHEET, EXPECT KMI'S ABOUT 70 PERCENT SHARE OF AFTER TAX PROCEEDS TO BE ABOUT US$2.0 BILLION.KINDER MORGAN - GOVERNMENT OF CANADA AGREED TO FUND RESUMPTION OF TMEP PLANNING & CONSTRUCTION WORK UNDER SEPARATE FEDERAL GOVERNMENT RECOURSE CREDIT FACILITY UNTIL DEAL CLOSES.KINDER MORGAN INC - KINDER MORGAN CANADA LIMITED BOARD AGREED TO PURCHASE OF TRANS MOUNTAIN PIPELINE SYSTEM & EXPANSION PROJECT BY GOVERNMENT OF CANADA.  Full Article

Canadian government says will buy Kinder Morgan's Trans Mountain pipeline expansion
Tuesday, 29 May 2018 

May 29 (Reuters) - Kinder Morgan Canada Ltd ::CANADIAN GOVERNMENT SAYS WILL BUY KINDER MORGAN'S TRANS MOUNTAIN PIPELINE EXPANSION PROJECT FOR C$4.5 BILLION.CANADIAN GOVERNMENT SAYS TRANSACTION IS EXPECTED TO CLOSE IN AUG 2018.CANADIAN GOVERNMENT SAYS DEAL INCLUDES RELATED PIPELINE AND TERMINAL ASSETS.CANADIAN GOVERNMENT SAYS DOES NOT INTEND TO BE LONG TERM OWNER OF THIS PROJECT; AT APPROPRIATE TIME, WILL WORK TO TRANSFER PROJECT TO NEW OWNERS.CANADIAN GOVERNMENT SAYS OFFERING FEDERAL LOAN GUARANTEES TO ENSURE CONSTRUCTION CONTINUES THROUGH 2018 SEASON.CANADIAN GOVERNMENT SAYS PROVINCE OF ALBERTA WILL ALSO CONTRIBUTE TO GET PROJECT BUILT; ALBERTA'S CONTRIBUTION WOULD ACT AS EMERGENCY FUND.  Full Article

TransCanada says blast-damaged Leach natgas pipe back in service on July 15

July 13 TransCanada Corp's Columbia Gas Transmission expects the section of the Leach Xpress natural gas pipeline damaged in a blast in West Virginia in early June to return to service on July 15.