What is the downside for Kinder Morgan stock?
According to analysts' consensus price target of $18.18, Kinder Morgan has a forecasted downside of 1.7% from its current price of $18.49. Kinder Morgan has only been the subject of 1 research reports in the past 90 days.
What happened to Kinder Morgan and Enterprise Products Partners?
Until June 8, shares of Kinder Morgan ( KMI -3.89%), Enterprise Products Partners ( EPD -2.90%), and Enbridge ( ENB -1.17%) had risen more than 20% each this year. That date is important, as these stocks reversed course the next day and have continued their downward spiral this week.
Is Kinder Morgan’s dividend sustainable?
Kinder Morgan is a leading dividend payer. It pays a dividend yield of 5.77%, putting its dividend yield in the top 25% of dividend-paying stocks. Kinder Morgan has only been increasing its dividend for 4 years. The dividend payout ratio of Kinder Morgan is 138.46%. Payout ratios above 75% are not desirable because they may not be sustainable.
What was the last trading day of Kinder Morgan Inc?
The Kinder Morgan Inc stock price gained 0.38% on the last trading day (Friday, 31st Dec 2021), rising from $15.80 to $15.86. During the day the stock fluctuated 1.24% from a day low at $15.75 to a day high of $15.94. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
Is Kinder Morgan a good stock to buy?
Currently, Kinder Morgan Inc's price-earnings ratio is 35.5. Kinder Morgan Inc's trailing 12-month revenue is $15.7 billion with a 6.5% profit margin. Year-over-year quarterly sales growth most recently was -17.6%. Analysts expect adjusted earnings to reach $1.181 per share for the current fiscal year.
How much does Kinder Morgan pay per share?
HOUSTON--(BUSINESS WIRE)-- Kinder Morgan, Inc.'s (NYSE: KMI) board of directors today approved a cash dividend of $0.2775 per share for the first quarter ($1.11 annualized), payable on May 16, 2022, to stockholders of record as of the close of business on May 2, 2022.
Who owns Kinder Morgan stock?
2014: In August, KMI acquires all of the publicly held shares/units of KMP, KMR and EPB in an approximately $76 billion transaction which closes on November 26. Kinder Morgan is now one publicly traded company with a ticker on the New York Stock Exchange of KMI.
How much debt is KMI?
about US$32.1bWhat Is Kinder Morgan's Net Debt? The chart below, which you can click on for greater detail, shows that Kinder Morgan had US$33.3b in debt in December 2021; about the same as the year before. However, it does have US$1.25b in cash offsetting this, leading to net debt of about US$32.1b.
Is KMI a monthly dividend?
Schedule monthly income from dividend stocks with a monthly payment frequency. Diversify across sectors or allocate more towards a bullish sector thesis. Quickest stock price recoveries post dividend payment.
How often does Kinder Morgan pay a dividend?
4 dividends per yearDividend Summary There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 1.0.
Is Kinder Morgan a big company?
The company has approximately 72,000 mi (116,000 km) of natural gas pipelines and is the largest natural gas pipeline operator in the United States, moving about 40 percent of the natural gas consumed....Kinder Morgan.Kinder Morgan headquarters in HoustonNumber of employees10,529 (December 2021)Websitekindermorgan.com15 more rows
What is Rich Kinder worth?
7.2 billion USD (2022)Richard Kinder / Net worthKinder is one of the seven self-made billionaires from Houston on the list, with a net worth of $11 billion. In 2020, he was ranked No. 103 on the Forbes 400 list of the richest people in America.
Who are Kinder Morgan's customers?
The EPNG system provides natural gas services to a variety of customers, including natural gas distribution and industrial companies, electric generation companies, natural gas producers, other natural gas pipelines, and natural gas marketing and trading companies. California, Arizona, and Mexico customers account for ...
Kinder Morgan Q3 Earnings Miss Estimates
Segment Analysis
Kinder Morgan reported third-quarter 2021 adjusted earnings per share of 22 cents, missing the Zacks Consensus Estimate of 24 cents. The bottom line, however, increased from the year-ago profit of 21 cents.
Operational Highlights
Natural Gas Pipelines: For the September quarter of 2021, adjusted earnings before depreciation, depletion and amortization expenses, including amortization of the excess cost of equity investments (EBDA), rose marginally to $1,090 million from $1,082 million a year ago.
Balance Sheet
Expenses related to operations and maintenance totaled $614 million, down from $643 million a year ago. Total operating costs increased to $2,980 million for the third quarter from $2,100 million in the corresponding period of 2020.
2021 Guidance
As of Sep 30, 2021, Kinder Morgan reported $102 million in cash and cash equivalents. The company’s long-term debt amounted to $28,988 million at quarter-end, resulting in a debt to capitalization of 50.7%.
Kinder Morgan Q3 Earnings Miss Estimates
The company continues to project DCF and adjusted EBITDA for this year at $5.4 billion and $7.9 billion, respectively. The midstream firm anticipates its 2021 net income at $1.7 billion. For this year, the midstream player expects to announce a dividend payout of $1.08 per share, reflecting a year-over-year increase of 3%.
Segment Analysis
Kinder Morgan reported third-quarter 2021 adjusted earnings per share of 22 cents, missing the Zacks Consensus Estimate of 24 cents. The bottom line, however, increased from the year-ago profit of 21 cents.
Key Points
Natural Gas Pipelines: For the September quarter of 2021, adjusted earnings before depreciation, depletion and amortization expenses, including amortization of the excess cost of equity investments (EBDA), rose marginally to $1,090 million from $1,082 million a year ago.
NYSE: KMI
Kinder Morgan's cash declined in the third quarter, but there's no reason to panic as its dividend is safe.
What happened
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So what
Oil and gas stock Kinder Morgan ( KMI -0.36% ) tanked on Thursday, losing 5.9% in value as of 12:45 p.m. EDT in reaction to the company's third-quarter numbers released Wednesday evening. I believe the market has overreacted.
Now what
Here are some notable numbers from Kinder Morgan's third-quarter earnings report:
Premium Investing Services
The energy infrastructure company is investing money into a variety of projects, including alternative fuels, while growing its dividends steadily. For 2021, Kinder Morgan expects to generate DCF worth $5.4 billion versus $4.6 billion in 2020 and $4.9 billion in 2019.
Kinder Morgan Beats Q4 Earnings & Revenues Estimates
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Segment Analysis
Kinder Morgan reported fourth-quarter 2020 adjusted earnings per share of 27 cents, beating the Zacks Consensus Estimate of 24 cents. The bottom line also increased from the year-ago quarter’s profit of 26 cents. The strong quarterly earnings were aided by contributions from the Texas Intrastate systems and Natural Gas Pipeline of America (NGPL).
Operational Highlights
Natural Gas Pipelines: Adjusted earnings before depreciation, depletion and amortization expenses, including amortization of excess cost of equity investments (EBDA), in the December quarter of 2020 were down 5% to $1,189 million from $1,248 million a year ago. Lower transportation and gathering volumes affected the performance.
Balance Sheet
Expenses related to operations and maintenance totaled $606 million, down from $679 million a year ago. However, total operating costs increased to $2,135 million in the fourth quarter from $1,421 million in the corresponding period of 2019.
2021 Guidance
As of Dec 31, 2020, Kinder Morgan reported $1,184 million in cash and cash equivalents. The company’s long-term debt amounted to $30,838 million at quarter-end. Total debt-to-capitalization ratio at the end of the fourth quarter was 51.2%.
How much did Kinder Morgan stock gain in 2021?
The midstream infrastructure provider expects its board of directors to hike dividend payment for 2021 by 3% to $1.08 per share (annualized). Notably, Kinder Morgan projects 2021 net income of $2.1 billion or earnings of 92 cents per share. The company also projects DCF for this year at roughly $4.4 billion.
What is Kinder Morgan?
The Kinder Morgan Inc stock price gained 2.75% on the last trading day (Friday, 9th Jul 2021), rising from $18.17 to $18.67. During the day the stock fluctuated 2.30% from a day low at $18.26 to a day high of $18.68. The price has been going up and down for this period, and there has been a 2.36% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 12 million shares were bought and sold for approximately $218.23 million.
What is the price target for KMI in 2021?
Kinder Morgan, Inc. operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada, and Other segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids fractiona... Read more
Is Piper Sandler upside or downside?
On Sep 28, 2021 "Bank of America" gave "" rating for KMI. The price target was set to $16.98+2.7% .
Why is Kinder Morgan's payout ratio above 75% not desirable?
Piper Sandler does not see either upside or downside right now giving KMI "Neutral" on their last update on June 17, 2021. The price target was changed from $17.00 to $19.00 . Over the last 30 days, this security got 0 buy, 1 sell, and 2 hold ratings.
What is the ticker symbol for Kinder Morgan?
Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Kinder Morgan will have a dividend payout ratio of 116.13% in the coming year. This indicates that Kinder Morgan may not be able to sustain their current dividend. View Kinder Morgan's dividend history.
What is MarketBeat community ratings?
Kinder Morgan trades on the New York Stock Exchange (NYSE) under the ticker symbol "KMI."
How much does Kinder Morgan make?
MarketBeat's community ratings are surveys of what our community members think about Kinder Morgan and other stocks. Vote “Outperform” if you believe KMI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe KMI will underperform the S&P 500 over the long term. You may vote once every thirty days.
What is the P/E ratio of Kinder Morgan?
Kinder Morgan has a market capitalization of $40.20 billion and generates $11.70 billion in revenue each year. The pipeline company earns $119 million in net income (profit) each year or $0.88 on an earnings per share basis.
What is Kinder Morgan?
The P/E ratio of Kinder Morgan is 21.12 , which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 10.77.
Is KMI a dividend payer?
Kinder Morgan, Inc. operates as an energy infrastructure company. The firm engages in the operation of pipelines and terminals that transport natural gas, gasoline, crude oil, carbon dioxide (CO2) and other products and stores petroleum products chemicals and handles bulk materials like ethanol, coal, petroleum coke and steel. It operates through the following segments: Natural Gas Pipelines, CO2, Terminals, Product Pipelines and Kinder Morgan Canada. The Natural Gas Pipelines segment engages in the ownership and operation of major interstate and intrastate natural gas pipeline and storage systems, natural gas and crude oil gathering systems and natural gas processing and treating facilities. The CO2 segment focuses on the production, transportation and marketing of CO2 to oil fields that use CO2 as a flooding medium for recovering crude oil from mature oil fields to increase production. The Terminals segment consists of the ownership and operation of liquids and bulk terminal facilities located throughout the U.S. and portions of Canada that trans load and store refined petroleum products, crude oil, chemicals, ethanol and bulk products, including coal, petroleum coke, fertilizer,
