Edition:
United Kingdom

Kinder Morgan Canada Ltd (KML.TO)

KML.TO on Toronto Stock Exchange

17.28CAD
20 Apr 2018
Change (% chg)

$-0.02 (-0.12%)
Prev Close
$17.30
Open
$17.29
Day's High
$17.49
Day's Low
$17.06
Volume
222,462
Avg. Vol
371,155
52-wk High
$20.00
52-wk Low
$14.93

Latest Key Developments (Source: Significant Developments)

Kinder Morgan Canada Ltd Generated Earnings Per Restricted Voting Share Of $0.10 in Q1
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Kinder Morgan Canada Ltd ::KINDER MORGAN CANADA LIMITED DECLARES DIVIDENDS AND ANNOUNCES RESULTS FOR FIRST QUARTER OF 2018.IN Q1, KML GENERATED EARNINGS PER RESTRICTED VOTING SHARE OF $0.10.AS OF END OF QUARTER, TRANS MOUNTAIN EXPANSION PROJECT SPEND TOTALED ABOUT $1.1 BILLION ON A CUMULATIVE BASIS.SAYS "SEEKS CLARITY ON PATH FORWARD, SHAREHOLDER PROTECTION ON TRANS MOUNTAIN EXPANSION PROJECT".KML HAD A "STRONG" Q1 DUE TO ITS DIVERSE PORTFOLIO OF FEE-BASED ASSETS AND RESILIENT CASH FLOWS.QTRLY REVENUES $164.2 MILLION VERSUS $164.5 MILLION.PIPELINES AND TERMINALS SEGMENTS' COMBINED PERFORMANCE FOR Q1 OF 2018 WAS 6 PERCENT HIGHER THAN SAME PERIOD DURING 2017.SAYS "DEMAND FOR OUR PIPELINES CONTINUES TO BE STRONG".FOR 2018, KML'S BUDGET CONTEMPLATES AN ANNUALIZED DIVIDEND OF $0.65 PER RESTRICTED VOTING SHARE.FOR 2018, KML BUDGETED TO INVEST ABOUT $1.9 BILLION IN EXPANSION PROJECTS AND OTHER DISCRETIONARY SPENDING.FOR 2018, KML ESTIMATES EVERY $0.01 CHANGE IN CANADIAN-TO-U.S. DOLLAR EXCHANGE RATE WOULD IMPACT DCF BY ABOUT $1 MILLION.  Full Article

British Columbia AG Says Will Be Filing Reference Case On Jurisdiction Regarding Kinder Morgan Canada's Trans Mountain Expansion
Wednesday, 18 Apr 2018 

April 18 (Reuters) - BRITISH COLUMBIA AG ::BRITISH COLUMBIA AG SAYS GOVERNMENT WILL BE FILING REFERENCE CASE ON JURISDICTION REGARDING KINDER MORGAN CANADA'S TRANS MOUNTAIN EXPANSION WITHIN 10 WORKING DAYS.  Full Article

British Columbia Premier says federal PM told him Ottawa would act on pipeline crisis
Sunday, 15 Apr 2018 

April 15 (Reuters) - Kinder Morgan Inc ::BRITISH COLUMBIA PREMIER HORGAN SAYS HE CONTINUES TO DISAGREE WITH CANADIAN PM AND ALBERTA OVER PLANNED PIPELINE EXPANSION.BRITISH COLUMBIA PREMIER SAYS HE REMAINS COMMITTED TO CLAIMING JURISDICTION OVER RIGHT TO PROTECT OCEANS AND COASTS.BRITISH COLUMBIA PREMIER SAYS WILL PROCEED WITH PLANS TO GO TO PROVINCIAL COURT TO SEE WHO HAS JURISDICTION OVER ENVIRONMENT.BRITISH COLUMBIA PREMIER SAYS FEDERAL PM TRUDEAU TOLD HIM OTTAWA WOULD BE MOVING AHEAD WITH LEGISLATIVE AND FINANCIAL MEASURES IN DAYS TO COME.  Full Article

Meeting between Canada's Trudeau and provincial premiers on pipeline dispute is a first step - official
Thursday, 12 Apr 2018 

April 12 (Reuters) - MEETING BETWEEN CANADA'S TRUDEAU AND PROVINCIAL PREMIERS ON PIPELINE DISPUTE IS "A FIRST STEP" TO SOLVING THE PROBLEM, MORE WORK WILL BE NEEDED - SENIOR GOVERNMENT OFFICIAL:.  Full Article

Canada working to make sure pipeline expansion goes ahead -Finance Minister
Wednesday, 11 Apr 2018 

April 11 (Reuters) - Kinder Morgan Inc , ::CANADA FINANCE MINISTER SAYS WORKING TO MAKE SURE 'IN SHORT ORDER' THAT THE KINDER MORGAN PIPELINE EXPANSION GOES AHEAD.CANADA FINANCE MINISTER SAYS TALKING TO KINDER MORGAN, DOES NOT ANSWER DIRECTLY WHEN ASKED WHETHER TAKING A STAKE IN THE PIPELINE IS POSSIBLE.CANADA FINANCE MINISTER SAYS HAD A POSITIVE MEETING WITH ALBERTA PREMIER, 'WE HAVE TO ENSURE THE RULE OF LAW IN OUR COUNTRY WORKS'.CANADA FINANCE MINISTER SAYS DOESN'T SEE A NEED TO REFER THE MATTER TO THE SUPREME COURT.CANADA FINANCE MINISTER SAYS GOVERNMENT HAS NOT YET DECIDED WHAT TO DO ABOUT ENSURING THE PIPELINE EXPANSION GOES AHEAD.  Full Article

Kinder Morgan Sees Placement Of $3.2 Bln Of Growth Projects In Commercial Service During 2018‍​
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Kinder Morgan Inc ::KINDER MORGAN SEES PLACEMENT OF $3.2 BILLION OF GROWTH PROJECTS IN COMMERCIAL SERVICE DURING 2018 ‍​.KINDER MORGAN - IN 2018, EXPECT TO FUND ALL INVESTMENT NEEDS, OTHER THAN DEBT MATURITIES, WITH INTERNAL CASH FLOW.KINDER MORGAN - U.S. TAX REFORM TO HAVE ONE-TIME, NON-CASH NEGATIVE IMPACT OF ABOUT $1.4 BILLION TO GAAP EARNINGS.KINDER MORGAN SAYS INITIATED $2 BILLION BUYBACK IN DEC 2017, 1 MONTH AHEAD OF ORIGINAL TARGET‍​.KINDER MORGAN SEES TOTAL SUSTAINING CAPITAL EXPENDITURES OF $664 MILLION FOR 2018.  Full Article

Kinder Morgan Canada - Kinder Morgan Cochin, Trans Mountain Pipeline Entered First Amending Agreement To Credit Agreement
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Kinder Morgan Canada Ltd ::KINDER MORGAN CANADA LTD - UNITS KINDER MORGAN COCHIN ULC, TRANS MOUNTAIN PIPELINE ULC ENTERED INTO FIRST AMENDING AGREEMENT TO CREDIT AGREEMENT.KINDER MORGAN CANADA - FIRST AMENDING AGREEMENT EXTENDS CURE PERIOD FOR ANY POTENTIAL DEFAULT DUE TO CONSTRUCTION OF TRANS MOUNTAIN EXPANSION PROJECT.  Full Article

Kinder Morgan Canada Announces Commencement Of Operations At Base Line Terminal
Monday, 15 Jan 2018 

Jan 15 (Reuters) - Kinder Morgan Canada Ltd ::KINDER MORGAN ANNOUNCES COMMENCEMENT OF OPERATIONS AT THE 4.8 MILLION BARREL BASE LINE TERMINAL.‍ REMAINING EIGHT TANKS AT FACILITY ARE EXPECTED TO BE PHASED INTO SERVICE THROUGHOUT 2018​.KINDER MORGAN CANADA - ‍COMMENCEMENT OF SERVICE FOR FIRST 4 OF 12 CRUDE OIL STORAGE TANKS AT BASE LINE TERMINAL.  Full Article

Kinder Morgan Canada Says NEB Issued Order Granting Relief Requested By Trans Mountain Pipeline
Friday, 8 Dec 2017 

Dec 7 (Reuters) - Kinder Morgan Canada Ltd ::KINDER MORGAN CANADA LTD SAYS NEB ISSUED AN ORDER GRANTING RELIEF REQUESTED BY TRANS MOUNTAIN PIPELINE ULC.KINDER MORGAN CANADA LTD SAYS OTHER RELIEF REQUESTED IN THIS MOTION IS PENDING IN A SEPARATE PROCEEDING.  Full Article

Kinder Morgan Canada Launches $200 Million Bought Deal Preferred Share Offering
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Kinder Morgan Canada Ltd ::KINDER MORGAN CANADA LIMITED LAUNCHES $200 MILLION BOUGHT DEAL PREFERRED SHARE OFFERING.KINDER MORGAN CANADA -UNDERWRITERS AGREED TO PURCHASE 8 MILLION CUMULATIVE REDEEMABLE MINIMUM RATE RESET PREFERRED SHARES, SERIES 3 AT PRICE OF $25/SHARE.KINDER MORGAN CANADA - INTENDS TO USE PROCEEDS FROM OFFERING TO INDIRECTLY SUBSCRIBE FOR PREFERRED UNITS IN KINDER MORGAN CANADA LIMITED PARTNERSHIP.  Full Article

PRESS DIGEST- Canada-April 20

April 20 The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.