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Kinder Morgan Inc (KMI)

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Moderator: Prudent Capitalist
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Last Post: 4/24/2017 11:37:57 AM - Followers: 66 - Board type: Free - Posts Today: 0

Corporate Profile

Kinder Morgan is the largest energy infrastructure company in North America. We own an interest in or operate approximately 80,000 miles of pipelines and 180 terminals. Our pipelines transport natural gas, refined petroleum products, crude oil, carbon dioxide (CO2) and more. We also store or handle a variety of products and materials at our terminals such as gasoline, jet fuel, ethanol, coal, petroleum coke and steel.

We are a market leader in each of our businesses – Natural Gas Pipelines, Products Pipelines, CO2, Terminals and Kinder Morgan Canada. We have an unparalleled, large footprint of diversified and strategically located assets that are core to North American energy infrastructure and help deliver needed energy products to high-demand markets. For example, Kinder Morgan is the:

  • Largest natural gas network with 68,000 miles of pipelines. We are connected to every important U.S. natural gas resource play, including the Eagle Ford, Marcellus, Utica, Uinta, Haynesville, Fayetteville and Barnett. We move about one-third of the natural gas consumed in America.
    Largest independent transporter of petroleum products, transporting about 2.3 million barrels of product per day. We move gasoline, jet fuel, diesel, crude, natural gas liquids and more.
    Largest transporter of carbon dioxide (CO2), transporting about 1.3 billion cubic feet per day. Most of the CO2 is used in enhanced oil recovery projects in the Permian Basin of West Texas.
    Largest independent terminal operator. Our liquids terminals store refined petroleum products, chemicals, ethanol and more, and have a capacity of 125 million barrels. Our dry bulk terminals store and handle such materials as coal, petroleum coke and steel, and we handle over 100 million tons per year. We also have a strong Jones Act shipping position with seven vessels in service and five more to be delivered from 2015-2017.
    Only oilsands pipeline serving the West Coast. We currently transport 300,000 barrels per day to Vancouver/Washington State and our proposed expansion will increase that capacity to 890,000 barrels per day.

Our customers include major oil companies, energy producers and shippers, local distribution companies and businesses across many industries. In most of our businesses we operate like a giant toll road and receive a fee for our services, generally avoiding commodity price risk. In our CO2 business, where exposure to commodity prices does exist, we employ a hedging strategy to partially mitigate that risk. For 2014, over 82 percent of our cash flows are fee based and 94 percent of our cash flows are fee-based or hedged.

The revolutionary shale plays across the United States are creating a tremendous need for more energy infrastructure, which bodes well for us. We invest billions of dollars each year to grow the company by building new and expanding existing assets to help ensure that a variety of energy products get delivered into the marketplace.

Kinder Morgan strives for financial and operational excellence, and we are committed to being a good corporate citizen and conducting ourselves in an ethical and responsible manner. In addition to delivering value to our shareholders and meeting our customers' needs, we spend hundreds of millions of dollars each year on integrity management and maintenance programs to operate our assets safely and to protect the public, our employees, contractors and the environment.

We pride ourselves on being a different kind of energy company. What makes us different? It starts at the top with Chairman and CEO Rich Kinder, who earns a salary of $1 per year and does not receive a bonus, stock options or restricted stock grants. President Steve Kean also receives an annual salary of $1. We work hard to align managements’ and shareholders’ incentives by,eliminating unnecessary expenses such as corporate aircraft, sponsorships, sports tickets and executive perks. In addition, we tie financial incentives for our employees directly to the performance of the company and their own personal performances.

Kinder Morgan has been conducting its business transparently long before it became a corporate buzz word. We are one of the only S&P 500 companies that publishes its annual budget on its web site, which enables investors and others to follow our progress throughout the year. We also post our operational performance and continue to perform better than our industry peers relative to environmental, health and safety measures.

We do not have a Political Action Committee. Any political contributions made by executives or employees are made individually as private citizens with their own personal money.

Kinder Morgan has almost 12,000 employees and is the largest midstream and the third largest energy company in North America with an enterprise value of approximately $130 billion.
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Current Price
Bid Ask Day's Range
KMI News: Current Report Filing (8-k) 04/24/2017 04:28:44 PM
KMI News: Quarterly Report (10-q) 04/21/2017 04:19:15 PM
KMI News: Current Report Filing (8-k) 04/19/2017 04:13:45 PM
KMI News: Kinder Morgan Declares Dividend of $0.125 for First Quarter 2017 04/19/2017 04:05:00 PM
KMI News: Kinder Morgan Announces First Quarter ‘17 Earnings Webcast 04/17/2017 09:30:00 AM
#787  Sticky Note Price Target upped to $27 from $23 this Prudent Capitalist 10/27/16 05:06:37 PM
#845   Nothing really to call. Worthless is worthless. Porgie Tirebiter 04/24/17 11:37:57 AM
#844   There are several symbols for KMI May 25 bar1080 04/22/17 12:29:31 AM
#843   Dividend safe for now. Earnings were just Porgie Tirebiter 04/20/17 11:14:02 AM
#842   Earnings next Tuesday. Will the dividend be eliminated?? Porgie Tirebiter 04/12/17 12:47:26 PM
#841   Legitimate equity like KMI is a positive sum Porgie Tirebiter 03/10/17 10:51:21 AM
#840   Yep, players are too busy blowing their brains bar1080 03/09/17 04:09:26 PM
#839   Not to worry. It was just an Prudent Capitalist 03/09/17 02:23:28 PM
#838   I don't understand the attraction of the warrants. Porgie Tirebiter 03/09/17 12:17:44 PM
#837   Porgie, you're correct about the May KMI warrants. bar1080 03/08/17 03:12:32 PM
#836   Buffett sold out their small KMI holding... at bar1080 02/15/17 08:22:56 AM
#835   A rare high quality IHUB post. bar1080 01/31/17 10:33:38 AM
#834   Kinder Morgan $KMI maybe trading at a 11% ValueInvestor15 01/17/17 06:17:40 AM
#833   Very simple. Each dividend received constitutes dividend Prudent Capitalist 01/13/17 04:43:00 PM
#832   An accountant will probably charge me more than Homebrew 01/13/17 04:34:56 PM
#831   see what happens in late January rocco2 01/09/17 02:40:35 PM
#830   KMI is kind of backed into a corner Porgie Tirebiter 01/07/17 11:13:20 AM
#829   unless KMI hit's 40? Clock is ticking to rocco2 01/05/17 10:58:06 PM
#828   OK, yeah. That's the warrants. Weird. Porgie Tirebiter 01/05/17 04:50:09 PM
#827   charted it, and wa goes back to 3/2012 rocco2 01/05/17 04:37:03 PM
#826   I don't know. The May 25th warrants? Porgie Tirebiter 01/05/17 04:26:01 PM
#825   Question what is KMI WA what does rocco2 01/05/17 04:11:45 PM
#824   KMI should be able to help you out bar1080 12/21/16 09:48:04 PM
#823   Good question for an accountant, Homebrew. eastunder 12/20/16 12:36:56 PM
#822   Calculating cost basis. If I bought 10 years Homebrew 12/20/16 07:57:17 AM
#821   Today's Fed decision is ultimately meaningless for KMI. Porgie Tirebiter 12/14/16 02:22:56 PM
#820   Tax write off!! lab40 12/11/16 12:02:26 AM
#819   He did it because $1,400 is a bigger Porgie Tirebiter 12/10/16 01:41:23 PM
#817   The rumor is wonderful news if true.In imo Dino1717 12/10/16 01:26:56 PM
#816   Now why would he that? Big rumor brick1981 12/10/16 01:06:44 PM
#815   $1,400 bucks is better than nothing: Porgie Tirebiter 12/10/16 11:20:42 AM
#814   Yeah, I agree. My own thought is Porgie Tirebiter 12/06/16 10:59:04 AM
#813   That is likely a reaction to the forecast Prudent Capitalist 12/06/16 10:41:06 AM
#812   I don't see KMI above the mid-$20 range Porgie Tirebiter 12/06/16 10:08:15 AM
#811   CS has a $28 price target on KMI. MisterEC 12/06/16 09:20:25 AM
#810   "KMI says it is confident in its outlook MisterEC 12/06/16 01:07:58 AM
#809   "When I'm looking for a stock to buy Porgie Tirebiter 12/02/16 01:21:08 PM
#808   Kinder Morgan: Ladies And Gentlemen, Warren Buffett Is MisterEC 12/02/16 01:08:40 AM
#807   B.C. Premier Clark backs Trans Mountain as opposition MisterEC 11/30/16 06:35:41 PM
#806   Great news! And, nice bump up in Prudent Capitalist 11/30/16 10:40:18 AM
#805   Really surprised about potential OPEC deal; Bloomberg was lab40 11/30/16 08:58:17 AM
#804   That's what the pipelines are for; and the lab40 11/29/16 09:23:33 PM
#803   21.70 right now. The volume is extremely low. MisterEC 11/29/16 07:19:18 PM
#802   It appears we won't have to wait until lab40 11/29/16 05:28:56 PM
#801   KMI $40 by May would be sweet, but Porgie Tirebiter 11/28/16 01:44:04 PM
#800   I'm planning on KMI 40 by May: and lab40 11/28/16 08:21:05 AM
#799   KMI 44 in April, 2015 and $11 in MisterEC 11/27/16 03:46:11 PM
#798   The warrants have steadily fallen since I've followed bar1080 11/27/16 09:16:57 AM
#796   Never traded warrants before and have been researching IL Padrino 11/27/16 03:28:59 AM
#795   Looking good for December and Trudeau's decision to lab40 11/08/16 10:19:32 AM
#794   KMI warrants new low at .005 bar1080 11/06/16 10:19:06 PM