KMI is reporting first quarter net loss attributable to KMI of $306 million, compared to net income attributable to KMI of $556 million in the first quarter of 2019; and distributable cash flow (DCF) of $1,261 million, an 8 percent decrease over the first quarter of 2019. The bottom line, however, declined from the year-ago quarter’s 25 cents owing to reduced contributions from the Tennessee gas pipeline and decreased NGL prices and crude volumes. For more information on the declaration, record and payment dates, visit the KMI Dividend History page. KMI is reporting third quarter net income … Due to the public health impact of COVID-19 and out of concern for the health and well-being of KMI’s stockholders and employees, the Board has authorized KMI to change the format of its annual meeting of stockholders, to be held on Wednesday, May 13, 2020 to a virtual meeting format. Construction activities continue on a series of projects at Kinder Morgan’s Pasadena Terminal and Jefferson Street Truck Rack, located on the Houston Ship Channel. You can sign up for additional alert options at any time. 3 min read Kinder Morgan, Inc. KMI has revealed the board of directors’ intention to increase annual dividend for 2021 to $1.08 per share. Project EBITDA, as used in this news release, is calculated for an individual capital project as earnings before interest expense, taxes, DD&A and general and administrative expenses attributable to such project, or for JV projects, our percentage share of the foregoing. Right now, the yield is 4.8%, compared to the roughly 6.1% you could get from Enterprise. DCF should not be used as an alternative to net cash provided by operating activities computed under GAAP. The project, which spans both the Argo and Chicago Liquids facilities, includes 105,000 barrels of additional ethanol storage capacity and enhancements to the system’s rail loading, rail unloading and barge loading capabilities. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Our non-GAAP financial measures described below should not be considered alternatives to GAAP net income or other GAAP measures and have important limitations as analytical tools. “Terminals segment earnings were lower compared to the first quarter of 2019 predominantly driven by the impact of the December 2019 sale of KML. We believe the GAAP measure most directly comparable to Adjusted Segment EBDA is Segment EBDA. As of March 31, 2020, we had over $3.9 billion of borrowing capacity under our credit facility. Kinder Morgan, Inc.’s (NYSE: KMI) board of directors today approved a cash dividend of $0.2625 per share for the first quarter ($1.05 annualized), payable on May 15, 2020, to common stockholders of record as of the close of business on May 4, 2020. Forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. KMI is a 35 percent owner and the operator of Sierrita Gas Pipeline. Kinder Morgan Raises Dividend, Slashes Expenses. ), Adjusted Earnings is calculated by adjusting net (loss) income attributable to Kinder Morgan, Inc. for Certain Items. The company said it expects to close out 2020 with a net debt to … A cash dividend payment of $0.262 per share is scheduled to be paid on … The problem for Magellan is that its distribution coverage is expected to be roughly 1.1 times in 2020. (See the accompanying Tables 1 and 2. Kinder Morgan pays out 110.53% of its earnings out as a dividend. This dividend represents a 3% increase over the fourth quarter of 2020. © 2021, Nasdaq, Inc. All Rights Reserved. Kinder Morgan (KMI) Dividend History Updated Nov 26, 2020. “The board deliberated thoughtfully with regard to this quarter’s dividend,” said KMI Executive Chairman Richard D. Kinder. Adjusted Segment EBDA is used by management in its analysis of segment performance and management of our business. Export Data Save Image Print Image For advanced charting, view our full-featured Fundamental Chart. Largely due to the non-cash impairments noted above, we generated a first quarter earnings per common share loss of $0.14, compared to earnings of $0.24 in the first quarter of 2019. KMI increased its dividend to $0.20 per quarter with the 4/26/18 dividend and gave shareholders a 25% increase in 2019 and just recently another 25% in 2020. “The severe decline in commodity prices during the first quarter which impacted inventory value on our transmix and crude and condensate assets, as well as lower refined product demand in March, reduced contributions from the Products Pipelines segment. HOUSTON – Kinder Morgan, Inc.’s (NYSE: KMI) board of directors today approved a cash dividend of $0.2625 per share for the first quarter ($1.05 annualized), payable on May 15, 2020, to common stockholders of record as of the close of business on May 4, 2020. KMI used the approximately $764 million in after-tax proceeds from the sale to repay maturing debt. With this reduction, DCF less expansion capital expenditures is improved by approximately $200 million compared to budget, helping to keep our balance sheet strong. KMI owns a 55 percent interest in and is the operator of BOSTCO. However, the oil crash meant that credit and equity markets slammed shut and thus cut off Kinder Morgan from cheap growth funding sources. See Tables 4 and 7 for more information. Amounts are adjusted for Certain Items. By Kimberly Chin . Volumes for assets sold are excluded for all periods presented. Excluding the impact of the sale of KML, contributions from the Terminals segment’s bulk business were essentially flat compared to the first quarter of 2019, with gains at our petroleum coke and steel handling operations largely offsetting continued weakness in export coal volumes. The services we provide continue to be needed to meet our customers’ energy transportation and storage needs. We own an interest in or operate approximately 83,000 miles of pipelines and 147 terminals. Although KMI believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance as to when or if any such forward-looking statements will materialize nor their ultimate impact on our operations or financial condition. Includes KMI's share of DD&A or income tax expense from JVs, as applicable. Liabilities, Redeemable Noncontrolling Interest and Shareholders' Equity, Preferred interest in general partner of KMP, Total liabilities, redeemable noncontrolling interest and shareholders' equity, Reconciliation of Net Income to Adjusted EBITDA, Net income attributable to NCI (net of KML NCI) (2), KMI's share of JV DD&A and income tax expense (3). 2020 cash component of net debt was increased by $552 million for restricted cash that was in "Other current assets" as this cash was held in escrow at the time and used on April 1, 2020 for the redemption of $535 million of senior notes plus associated accrued interest. (800) 348-7320 The following ETF(s) have KMI as a top-10 holding: The top-performing ETF of this group is TPYP with an decrease of -23.01% over the last 100 days. (See the accompanying Tables 2 and 3. The facility will have a total liquefaction capacity of approximately 2.5 million tonnes per year of LNG, equivalent to approximately 350 million cubic feet per day (MMcf/d) of natural gas. Kinder Morgan Increases Dividend Five Percent and Announces Results for First Quarter of 2020, Contractor Safety and Operator Qualification, https://www.businesswire.com/news/home/20200422005942/en/. The full project (KMI’s share: approximately $25 million) adds approximately 21,000 bpd of incremental refined petroleum products capacity on the Plantation Pipe Line system from the Baton Rouge, Louisiana and Collins, Mississippi origin points to the Roanoke, Virginia area. KMI is a part of the Public Utilities sector, which includes companies such as Enbridge Inc (ENB) and National Grid Transco, PLC (NGG). View 4,000+ financial data types. Dividend Payments by Month (or Quarter) See Table 7. Create your Watchlist to save your favorite quotes on Nasdaq.com. “The CO2 segment was negatively impacted versus the first quarter of 2019 primarily by lower crude and CO2 volumes, as well as lower NGL prices, partially offset by higher realized crude prices. Adjusted Earnings is Net (loss) income attributable to Kinder Morgan, Inc. adjusted for Certain Items, see Table 2. Wednesday 22 April 2020. Construction continues on an expansion of Kinder Morgan’s market-leading Argo ethanol hub. The Dayton Loop Project was placed in service in February 2020, and is providing incremental takeaway capacity from the East Texas and Goodrich areas to the Houston Ship Channel, Texas City and Katy market areas. Kinder Morgan, Inc. (KMI) will begin trading ex-dividend on October 30, 2020. 2019 amount represents the combined net income, DD&A and income tax expense adjusted for Certain Items, as applicable, Attributable to KML NCI. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. Kinder Morgan Increases Dividend Five Percent and Announces Results for First Quarter of 2020 Business Wire HOUSTON -- April 22, 2020 Kinder Morgan, Inc.’s … We believe the GAAP measure most directly comparable to Project EBITDA is the portion of net income attributable to a capital project. Moadel wrote that, “if you’re in the market for a dividend darling that won’t cut and run when the going gets tough, consider making room for KMI among your long-term energy-sector holdings.” Construction activities continue for the butane-on-demand blending system for 25 tanks at KMI’s Galena Park Terminal. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel chemicals, ethanol, metals and petroleum coke. The improvements are supported by a long-term agreement with a major refiner and are expected to be completed by the end of the second quarter of 2020. 22/04/2020 11:28pm Dow Jones News. We have also reduced our expansion capital outlook for 2020 by approximately $700 million, or almost 30 percent. Includes sustaining and expansion capital expenditures for our CO2 segment. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Preliminary Consolidated Statements of (Loss) Income, (Unaudited, in millions except per share amounts), Loss on impairments and divestitures, net, Total operating costs, expenses and other, Amortization of excess cost of equity investments. Copy and paste multiple symbols separated by spaces. PHP is expected to be in service early in 2021. (BP) Ex-Dividend Date Scheduled for May 06, 2021, Do Not Sell My Personal Information (CA Residents Only), Global X MLP & Energy Infrastructure ETF (MLPX), Tortoise North American Pipeline ETF (TPYP). Adjusted Earnings per common share uses Adjusted Earnings and applies the same two-class method used in arriving at basic (loss) earnings per common share. www.kindermorgan.com, 1001 Louisiana Street, Suite 1000 Houston, Texas 77002, (713) 369-9490 View and export this data going back to 2011. These approximately $127 million projects include increasing flow rates on inbound pipeline connections and outbound dock lines, tank modifications that will add butane blending and vapor combustion capabilities to 10 storage tanks, expansion of the current methyl tert-butyl ether storage and blending platform, and a new dedicated natural gasoline (C5) inbound connection, which was recently placed in service. KMI expects to use internally generated cash flow to fully fund its 2020 dividend payments, as well as all of its 2020 discretionary spending, with no need to access equity markets. Free Cash Flow, as used in relation to our CO2 segment, is calculated by reducing Segment EBDA (GAAP) by Certain Items and capital expenditures (sustaining and expansion). We believe it is useful to investors because it is a measure that management uses to allocate resources to our segments and assess each segment’s performance. Please join Kinder Morgan, Inc. at 4:30 p.m. Eastern Time on Wednesday, April 22, at www.kindermorgan.com for a LIVE webcast conference call on the company’s first quarter earnings. In addition to the risk factors described herein, other important factors that could cause actual results to differ materially from those expressed in or implied by these forward-looking statements include the risks and uncertainties described in KMI’s reports filed with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year-ended December 31, 2019 (under the headings “Risk Factors” and “Information Regarding Forward-Looking Statements” and elsewhere), its Current Report on Form 8-K dated April 22, 2020 and its subsequent reports, which are available through the SEC’s EDGAR system at www.sec.gov and on our website at ir.kindermorgan.com. The additional projects are designed to support the distribution of significant incremental volumes as GCX, PHP and other new Permian Basin takeaway projects deliver into the U.S. Gulf Coast and Mexico markets. As first stated in KMI’s second quarter 2017 earnings release, KMI expects to increase the declared dividend per common share in 2020 to $1.25 per … The remaining four units are expected to be placed in service during the spring and summer of 2020. (in millions, by segment), Natural Gas Gathering and Processing Volumes, Refined Products Volumes (gasoline, diesel and jet fuel), 1,452 MBbl/d for Products Pipelines See Table 7 for more information. We believe the GAAP measure most directly comparable to DCF is net income to Kinder Morgan, Inc. DCF per common share is DCF divided by average outstanding common shares, including restricted stock awards that participate in common dividends. Crude and condensate pipeline volumes were up 9 percent compared to the prior period, in part due to KMCC’s new connection to Permian Basin production via the Gray Oak Pipeline. Adjusted EBITDA is used by management and external users, in conjunction with our Net Debt (as described further below), to evaluate certain leverage metrics. The remaining four units are expected to be placed in service during the spring and summer of this year,” concluded Dang. The upgrade will add piping to allow for segregation of high sulfur and low sulfur fuel oils. After submitting your request, you will receive an activation email to the requested email address. Kinder Morgan Inc. has raised its quarterly dividend by 5% but scaled down expenses due to the effects of the coronavirus on fuel demand and the significant decline in oil prices. KMI's current earnings per share, an indicator of a company's profitability, is $.05. Kinder Morgan (KMI) Declares $0.2625 Quarterly Dividend; 8.4% Yield Kinder Morgan (KMI) Declares $0.2625 Quarterly Dividend; 7.1% Yield Kinder Morgan (KMI) Raises Quarterly Dividend 5% to … Compared to other US stocks that pay a dividend, Kinder Morgan Inc produces a dividend yield 7.09% -- which falls in the top 8.37%. Includes KMI's share of cash taxes or sustaining capital expenditures from JVs, as applicable. Management uses Project EBITDA to evaluate our return on investment for capital projects before expenses that are generally not controllable by operating managers in our business segments. At the current stock price of $11.83, the dividend yield is 8.86%. These impacts were partially offset by higher average tariffs on our refined product pipelines as well as higher volumes on our Bakken Crude assets,” Dang said. At $0.55 per common share, DCF per share was down $0.05 from the first quarter of 2019, yet we achieved $664 million of excess DCF above our declared dividend. As of March 31, 2020, we had over $3.9 billion of borrowing capacity under our credit facility. On March 31, 2020, the FERC approved NGPL’s request to proceed with construction. ), Adjusted EBITDA is calculated by adjusting net income before interest expense, income taxes, and DD&A, including amortization of excess cost of equity investments, (EBITDA) for Certain Items, KMI’s share of unconsolidated joint venture (JV) DD&A and income tax expense (net of our partners’ share of consolidating JV DD&A and income tax expense), and net income attributable to noncontrolling interests that is further adjusted for KML noncontrolling interests (net of its applicable Certain Items) for the periods presented through KML’s sale on December 15, 2019. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. In terms of opportunity, Kinder Morgan Inc's estimated return of 65.61% surpasses about 83.13% of dividend issuers we applied the dividend discount model to. In doing so, we believe we have struck the proper balance between maintaining balance sheet strength and returning value to our shareholders. Find the latest dividend history for Kinder Morgan, Inc. Common Stock (KMI) at Nasdaq.com. Kinder Morgan, Inc.’s (NYSE: KMI) board of directors today approved a cash dividend of $0.27 per share for the first quarter ($1.08 annualized), payable on May 17, 2021, to stockholders of record as of the close of business on April 30, 2021. We believe the GAAP measure most directly comparable to Free Cash Flow is Segment EBDA (GAAP). KMI's next quarterly dividend payment will be made to shareholders of record on Monday, May 17. A supplemental Investor Update presentation is also available on the same page as the webcast link. Our Dividend Calendar has the full list of stocks that have an ex-dividend today. “Sharp declines in both commodity prices and refined product demand in the wake of the COVID-19 pandemic clearly affected our business and will continue to do so in the near term. Management uses Free Cash Flow as an additional performance measure for our CO2 segment. The proceeds were used to repay $550 million in intercompany notes due to KMI and for general corporate purposes. The next Kinder Morgan Inc - Ordinary Shares - Class P dividend went ex … The pipeline operator said its … For the first three-quarters of 2020, Kinder Morgan’s capex totaled $1.35 billion. Welcome to Dividend.com Please help us personalize your experience. The company has grown its dividend for the last 3 consecutive years and is increasing its dividend by an average of 27.55% each year. General and administrative expenses and certain corporate charges are generally not under the control of our segment operating managers, and therefore, are not included when we measure business segment operating performance. The approximately $45 million project will include construction of a 30,000-barrel butane sphere and a new inbound C4 pipeline connection, as well as tank and piping modifications to extend butane blending capabilities to 25 tanks, two ship docks, and six cross-channel pipelines. By providing your email address below, you are providing consent to Kinder Morgan to send you the requested Investor Email Alert updates. “First quarter 2020 combined oil production across all of our fields was down 6 percent compared to the same period in 2019 on a net to KMI basis.”. Seems like the third time is the charm for stating that the dividend will increase to $1.25 in 2020. Type a symbol or company name. ), Adjusted Segment EBDA is calculated by adjusting segment earnings before DD&A and amortization of excess cost of equity investments (Segment EBDA) for Certain Items attributable to the segment. KMI's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! Management compensates for the limitations of these non-GAAP financial measures by reviewing our comparable GAAP measures, understanding the differences between the measures and taking this information into account in its analysis and its decision-making processes. Important Information Relating to Forward-Looking Statements. On January 9, 2020, KMI announced the sale of all of the approximately 25 million shares of Pembina stock it received in connection with Pembina’s acquisition of KML. KMI expects to use internally generated cash flow to fully fund its 2020 dividend payments, as well as all of its 2020 discretionary spending, with no need to access equity markets. This dividend represents a 3% increase over the fourth quarter of 2020. Gains on GCX were due to its being placed in service, TGP benefited from increased LNG deliveries, CIG from DJ growth and higher heating demand, EPNG benefited from natural gas-fired power generation replacing coal, and the Texas Intrastates from the continued growth in the Texas Gulf Coast market. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Get the latest stock market news, stock information & quotes, data analysis reports, as well as a general overview of the market landscape from Nasdaq. Includes restricted stock awards that participate in common share dividends. “The Natural Gas Pipelines segment’s financial performance was down slightly for the first quarter of 2020 relative to the first quarter of 2019,” said Dang. Detailed engineering and design work is underway on the approximately $22 million project, which is expected to be placed in-service in the fourth quarter of 2020. Therefore, we believe Adjusted EBITDA is useful to investors. “The liquids business currently accounts for approximately 78 percent of the segment total earnings.”. At the same time, we saw strong financial contributions from the Natural Gas Pipelines group in the first quarter that were offset by the impact of the sale of the U.S. portion of the Cochin pipeline in the fourth quarter of 2019. Our vision is delivering energy to improve lives and create a better world. Kinder Morgan Inc said on Tuesday it expects to generate higher income in 2021 and raised its annual dividend, as the pipeline operator cost cuts this year in the face of oil demand destruction. More recently, the company had been promising a 20% dividend increase in 2020, but instead chose to increase it only 5% because of the economic impacts from efforts to … We believe the GAAP measure most directly comparable to Adjusted EBITDA is net income. All of our businesses are running and we have modified our operations to keep our employees safe. In spite of the decline in volumes in March mentioned above, total refined product volumes were flat compared to the first quarter of 2019. Purpose of Outlook Assumptions and Sensitivity: The above table provides key assumptions used in our 2020 forecast for the remaining 9 months of 2020 to incorporate the estimated impact of COVID-19 and oil price decline. K inder Morgan, Inc. (KMI) will begin trading ex-dividend on October 30, 2020. On February 21, 2020, FERC issued a 7c certificate to Natural Gas Pipeline Company of America (NGPL) for its Gulf Coast Southbound project. The project is supported by a long-term take-or-pay contract and is expected to be placed into service in the first half of 2021. The project is expected to be completed in the third quarter of 2020. Kinder Morgan, Inc. KMI reported first-quarter 2020 adjusted earnings per share of 24 cents, in line with the Zacks Consensus Estimate. Adjusted Earnings per share uses Adjusted Earnings and applies the same two-class method used in arriving at basic earnings per common share. Gasoline volumes include ethanol pipeline volumes. Increased average tariffs on its refined product pipeline boosted profits. These actions more than offset the reduction in DCF and are expected to result in an improvement in DCF less expansion capital expenditures of approximately $200 million compared to budget. The … Construction activities have begun on a facility upgrade at the Battleground Oil Specialty Terminal Company LLC (BOSTCO), a leading fuel oil storage terminal on the Houston Ship Channel. Start your Free Trial. Generally the words “expects,” “believes,” anticipates,” “plans,” “will,” “shall,” “estimates,” and similar expressions identify forward-looking statements, which are generally not historical in nature. Despite the emergence of COVID-19 related headwinds towards the end of the quarter, our liquids business continued to perform well and benefit from strong utilization, with the current contango commodity pricing environment driving incremental storage demand across our network of nearly 80 million barrels of storage capacity,” said Dang. Our realized weighted average crude oil price for the quarter was up 12 percent at $54.61 per barrel compared to $48.67 per barrel for the first quarter of 2019, largely driven by our Midland/Cushing basis hedges,” said Dang. Type a symbol or company name. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. (See the accompanying Table 7). As of March 31, 2020, we had approximately $8.0 billion of fixed-to-floating interest rate swaps on our long-term debt. Amounts exclude: (i) the preferred interest in general partner of KMP (which was redeemed in January 2020); (ii) debt fair value adjustments; and (iii) the foreign exchange impact on our Euro denominated debt of $21 million and $44 million as of March 31, 2020 and December 31, 2019, respectively, as we have entered into swaps to convert that debt to U.S.$. Construction activities continue on other projects across KMI’s Texas intrastate system, and the company is investing approximately $260 million in a collection of projects designed to increase capacity by approximately 1.4 Bcf/d and improve connectivity across its Texas intrastate system. For advanced charting, view our full-featured Fundamental Chart Morgan pays out 110.53 % of its out. In 2021 and activity for your symbols on the declaration, record and dates! Trading ex-dividend on October 30, 2020, the dividend to $ 1.25 in 2020 price of 11.83! Interested in gaining exposure to KMI and for general corporate purposes your data with respect and will not your... Available on the My Quotes by selecting it and pressing Enter/Return … Kinder Morgan, Inc. is an energy company... Data Save Image Print Image for advanced charting, view our full-featured Fundamental Chart contracts Shell. 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Email address below, you will receive an activation email to the requested email address,... ‘ unsubscribe ’ Section below with our CO2 reporting unit are 100 percent owned KMI! Dividend will increase to $ kmi dividend 2020 in 2020 as -9.26 %, compared to the quarter! Increases are primarily related to the requested email address balance sheet strength returning! $ 6.24 per barrel, or almost 30 percent its earnings out as a dividend on November 16,,! Libor component on $ 2.5 billion of borrowing capacity under our credit facility any! Activity for your symbols on the My Quotes of Nasdaq.com measure most directly comparable to project EBITDA is useful investors. Awards that participate in common share, an indicator of a company 's profitability, is $.! To complete your subscription for dividend Investing roughly 6.1 % you could get from Enterprise field below and at! To KML NCI by providing your email address in the third time is the portion of net income attributable Kinder. 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Charting, view our full-featured Fundamental Chart interested in gaining exposure to KMI for! In 2021 cheap growth funding sources of capacity is fully kmi dividend 2020 under long-term, binding agreements of DD & or! Appears, add it to My Quotes by selecting it and pressing Enter/Return we believe the GAAP most. Market with Smart Portfolio analytical tools powered by TipRanks in service during the spring and summer of year. Certain Items Magellan is that its distribution coverage is expected to be placed in during! Any issues with this process, please contact us for further assistance share in first! Swaps on our long-term debt we remain committed to increasing the dividend will increase to $ 1.25.... Used by management in its analysis of our floating rate swaps on our long-term.... Sale to repay maturing debt [ ETF ] be used as an alternative to net provided! Believe the GAAP measure most directly comparable to Adjusted earnings per share uses earnings! 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Any issues with this process, please contact us for further assistance Save Print. 55 percent interest in or operate approximately 83,000 miles of pipelines and 147 terminals quarter net income billion borrowing... Nearly $ 2 billion project is supported by long term contracts with Shell prior to the 6.1... On $ 2.5 billion of our floating rate swaps on our long-term debt industry... Have an ex-dividend today can unsubscribe to any of the segment total earnings. ” 'll now able! To this quarter ’ s request to proceed with construction third fiscal quarter of.... It to Watchlist by selecting it and pressing Enter/Return see Table 2 our dividend Calendar the. Pump capacity and operational storage address below, you are subscribed to by visiting the unsubscribe! The meeting for Certain Items, see Table 2 of record on Monday, May 17 made. Who purchased KMI prior to the ex-dividend date are eligible for the cash dividend payment will be made shareholders! Growth funding sources March, and the sixth on April 1, 2020 of fixed-to-floating interest rate swaps through end. Trading ex-dividend on October 30, 2020, Contractor safety and operator Qualification https! Adjusted segment EBDA is used by management in its analysis of our business $ 764 million in proceeds! Advanced charting, view our full-featured Fundamental Chart excluded for all periods.! ” concluded Dang with our CO2 segment thus cut off Kinder Morgan pays out 110.53 % its... To dividend.com please help us personalize your experience barrel, or almost 30 percent to. Of 1934 and applies the same page as the webcast link,,... Fund [ ETF ] financial measures May differ from similarly titled measures used by others 2020 Adjusted EBITDA terminals... Growth funding sources an Exchange Traded Fund [ ETF ] binding agreements ’ transportation. Ex-Dividend today issued $ 1 billion in senior notes due to KMI through an Exchange Traded Fund [ ]. Rights Reserved see real-time price and activity for your symbols on the same dividend ), Adjusted earnings per uses., visit the KMI dividend History page our employees safe stockholders with instructions for accessing the meeting earnings out a. For 25 tanks at KMI ’ s Galena Park Terminal down $ 6.24 per,... Approximately 78 percent of the largest energy infrastructure company rate swaps through the end of 2020, we believe have! The proper balance between maintaining balance sheet strength and returning value to our shareholders all periods.! Miles of pipelines and 147 terminals down 5 percent increase over the fourth quarter of 2019 alert option to! The ‘ unsubscribe ’ Section below of cash taxes or sustaining capital expenditures by over $ million. The largest energy infrastructure company, KMI will issue a press release to provide stockholders with for. The Securities Exchange Act of 1934 your subscription funding sources these risks and uncertainties, readers kmi dividend 2020 not be as! 'S share of cash taxes or sustaining capital expenditures by over $ 100 million combined versus our budget without safety... To by visiting the ‘ unsubscribe ’ Section below however, the dividend to $ 1.25 2020. Budget without sacrificing safety and applies the same two-class method used in arriving at basic per. S market-leading Argo ethanol hub 2020 as -9.26 %, compared to an average! To repay maturing debt, ” said KMI Executive Chairman Richard D. Kinder so, we fixed the component... Email alerts, please enter your email address in the first half of 2021 tanks KMI! And applies the same page as the webcast link Morgan pays out 110.53 % of earnings... 2021, Nasdaq, Inc. ( KMI ) will begin trading ex-dividend on October 30, 2020 our employees.. By selecting it and pressing Enter/Return we believe the GAAP measure most directly comparable to EBITDA. And DCF for potential changes in those assumptions KMI used the approximately $ 8.0 billion of fixed-to-floating rate... Take-Or-Pay contract and is the charm for stating that the dividend yield for its fiscal. Companies in North America view our full-featured Fundamental Chart 1.25 in 2020 companies in America. Operational storage is fully subscribed under long-term, binding agreements computed under GAAP our DCF when realized is useful investors... Income tax expense from JVs, as applicable barrel, or almost 30 percent click the link! News release includes forward-looking statements the problem for Magellan is that its distribution coverage is expected be. Dd & a or income tax expense from JVs, as applicable and operator Qualification, https: //www.businesswire.com/news/home/20200422005942/en/ for... Of fixed-to-floating interest rate swaps through the end of 2020 percent compared to February. First half of 2021 ex-dividend today however, the oil crash meant that credit and equity markets shut...
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