Last $37.17 USD
Change Today -0.62 / -1.64%
Volume 4.2M
As of 6:40 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

kinder morgan inc (KMI) Key Developments

Kinder Morgan, Inc. Announces Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014

Kinder Morgan, Inc. announced unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues were $3,937 million against $3,382 million a year ago. Operating income was $1,013 million against $772 million a year ago. Income from continuing operations before income taxes was $675 million against $1,006 million a year ago. Income from continuing operations was $497 million against $781 million a year ago. Income from continuing operations per class P basic and diluted share was $0.27 against $0.27 a year ago. Net income attributable to KMI was $284 million against $277 million a year ago. Net income per class P basic and diluted share was $0.27 against $0.27 a year ago. For the six months, the company reported revenues were $7,984 million against $6,442 million a year ago. Operating income was $2,160 million against $1,789 million a year ago. Income from continuing operations before income taxes was $1,476 million against $1,943 million a year ago. Income from continuing operations was $1,098 million against $1,439 million a year ago. Income from continuing operations per class P basic and diluted share was $0.55 against $0.55 a year ago. Net income attributable to KMI was $571 million against $569 million a year ago. Net income per class P basic and diluted share was $0.55 against $0.55 a year ago.

Kinder Morgan, Inc. Increases Quarterly Dividend, Payable on August 15, 2014

Kinder Morgan, Inc.'s board of directors increased the quarterly cash dividend to $0.43 per share ($1.72 annualized) payable on Aug. 15, 2014, to shareholders of record as of July 31, 2014. This represents an 8% increase over the second quarter 2013 cash dividend per share of $0.40 ($1.60 annualized), and is up from the first quarter 2014 dividend of $0.42 per share ($1.68 annualized).

Kinder Morgan Energy Partners, L.P., Kinder Morgan, Inc., Kinder Morgan Management LLC, El Paso Pipeline Partners, L.P., Q2 2014 Earnings Call, Jul 16, 2014

Kinder Morgan Energy Partners, L.P., Kinder Morgan, Inc., Kinder Morgan Management LLC, El Paso Pipeline Partners, L.P., Q2 2014 Earnings Call, Jul 16, 2014

Kinder Morgan, Inc. Enter into New Unsecured Credit Agreement

On May 6, 2014, Kinder Morgan, Inc. as borrower, entered into a new, unsecured credit agreement (the Credit Agreement) with the lenders listed on the signature pages to the Credit Agreement and Barclays Bank PLC, as Administrative Agent. The Credit Agreement provides for a $650 million term loan facility and a $1.75 billion revolving credit facility and replaced the company's secured revolving credit facility and secured bridge and term loan credit facility (collectively, the Prior Credit Facilities), which were scheduled to mature on December 31, 2014 and May 25, 2015, respectively, and were repaid and terminated at the closing of the Credit Agreement. The new term loan facility will mature on May 6, 2017, and the new revolving credit facility will mature on May 6, 2019.

Kinder Morgan, Inc. Presents at Citi Global Energy and Utilities Conference, May-15-2014 08:00 AM

Kinder Morgan, Inc. Presents at Citi Global Energy and Utilities Conference, May-15-2014 08:00 AM. Venue: Hyatt Regency, 1 Ave De Lafayette, Boston, MA 02111, United States. Speakers: Steven J. Kean, President, Chief Operating Officer and Director.

 

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Price/Earnings 32.8x
Price/Sales 2.5x
Price/Book 3.1x
Price/Cash Flow 12.4x
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