|Bid||19.96 x 4000|
|Ask||20.06 x 4000|
|Day's Range||19.95 - 20.18|
|52 Week Range||14.62 - 21.50|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||22.15|
|Forward Dividend & Yield||1.00 (5.00%)|
|1y Target Est||N/A|
Regulatory delays on Kinder Morgan Inc.’s (NYSE: KMI) $2 billion Permian Highway Pipeline have pushed the expected start of construction back from the fourth quarter of 2020 to early 2021. The Houston-based midstream company has about 85 percent of the right-of-way secured for the line’s route, but the regulatory authorizations are coming more slowly than the company originally anticipated, CEO Steve Kean said on the company’s third-quarter earnings conference call with investors. “That means in order to do efficient construction, we'll kick-off the construction a little bit later,” Kean said.
U.S. natural gas futures for the winter of 2020-2021 gained the most of any contracts on Thursday after Kinder Morgan Inc delayed the projected in service date for its $2 billion Permian Highway gas pipe in Texas to early 2021. Prices for winter gas futures rose about 3 cents to $2.73 per million British thermal units (mmBtu) in January 2021 and $2.69 in February 2021. "The Permian is expected to be the engine of natural gas production growth once again next year due to its ability to produce regardless of gas prices," Daniel Myers, market analyst at Gelber & Associates in Houston, said in a report.
Kinder Morgan reported its Q3 results yesterday. Although its adjusted EPS rose 5% YoY to $0.22, it missed analysts’ consensus estimates of $0.24 per share.
Kinder Morgan Inc expects to bring the remaining nine units of its liquefied natural gas (LNG) export facility at Elba Island into service by the first half of next year, Chief Executive Officer Steven Kean said on Wednesday. The first unit of Kinder Morgan's Elba Island facility began producing LNG natural gas for export last month, and is one of several new U.S. projects adding to global supplies. The Houston pipeline operator plans to bring three more into service this year, with another six to start up in the first half of 2020, Kean told investors on an earnings call.
The pipeline operator’s stock slipped late on Wednesday after the company missed analysts’ earnings and revenue expectations, and announced a delay in the expected opening of a pipeline in the Permian Basin.
Kinder Morgan (KMI) delivered earnings and revenue surprises of 0.00% and -8.55%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
ConocoPhillips (COP) entered into an agreement to sell some of its portfolio in Australia for $1.39 billion. Meanwhile, downstream major Phillips 66 (PSX) launched a $3 billion new buyback program.
Kinder Morgan Inc. is expected to report net income of $524.1 million, or 24 cents a share, on sales of $3.5 billion after the market closes on Wednesday, based on a FactSet survey of 16 analysts. In the same period a year ago, the company posted earnings of 21 cents a share on sales of $3.
Kinder Morgan (KMI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
The Zacks Analyst Blog Highlights: Kinder Morgan, Wells Fargo, NVR, United Airlines and Ally Financial
It will be prudent to invest in stocks with a favorable Zacks Rank and positive Earnings ESP. Strong earnings results will likely ensure a northbound move in stock prices of these companies.
Kinder Morgan (KMI) is likely to have around 2.5 million tons per year of LNG for export, once the whole Elba Island LNG project comes online.
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Kinder Morgan (KMI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The Zacks Analyst Blog Highlights: Energy Transfer, Kinder Morgan, Archrock, USA Compression Partners and CSI Compressco
Williams Companies (WMB) stock has fallen 6% while natural gas is down 15% in the last three weeks. WMB has fallen more than 15% in the last 12 months.
U.S. regulators approved Kinder Morgan's request to start production of liquefied natural gas at the first plant of its new export facility, a year after it had been originally due to begin operations, filings showed this week. It is also quite unusual among U.S. facilities, employing modular technology to build much smaller "trains," or plants, than its peers at 0.3 million tonnes a year (mtpa) capacity compared to around 5 mtpa for other U.S. trains. The Federal Energy Regulatory Commission (FERC) approved its request to "commence service for liquefaction and export activities" at the first train in a filing dated Sept. 30.