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Kinder Morgan Inc (KMI)

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Moderator: mick, Prudent Capitalist
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Last Post: 12/2/2016 1:21:08 PM - Followers: 67 - 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) 12/02/2016 06:05:09 AM
KMI News: Trans Mountain Receives Final Federal Approval of Expansion 11/29/2016 05:59:00 PM
KMI News: Current Report Filing (8-k) 11/16/2016 06:05:33 AM
KMI News: Statement of Changes in Beneficial Ownership (4) 11/09/2016 11:23:26 AM
KMI News: Statement of Changes in Beneficial Ownership (4) 10/26/2016 11:55:43 AM
#787  Sticky Note Price Target upped to $27 from $23 this Prudent Capitalist 10/27/16 05:06:37 PM
#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
#793   Kinder Morgan, Inc. (KMI) mick 10/29/16 06:22:57 PM
#792   KMI News: Statement of Changes in Beneficial Ownership mick 10/29/16 06:22:41 PM
#791   thank you for updating/'Kinder Morgan Inc (KMI)' mick 10/28/16 11:05:17 AM
#790   KMI went x-dividend today, so would have popped Prudent Capitalist 10/28/16 10:33:09 AM
#789   Raymond James sees 130% Dividend hike in 2018 Prudent Capitalist 10/27/16 05:10:38 PM
#788   KMI raised to Outperform from Market Perform by Prudent Capitalist 10/27/16 05:08:46 PM
#787   Price Target upped to $27 from $23 this Prudent Capitalist 10/27/16 05:06:37 PM
#786   KMI upgraded to Strong Buy this week by Prudent Capitalist 10/27/16 05:04:38 PM
#785   What's it say now? hummba 10/20/16 11:41:15 AM
#784   This cash flow analysis implies Kinder Morgan KMI ValueInvestor15 10/19/16 10:04:00 AM
#783   KMI News: Current Report Filing (8-k) 09/01/2016 04:27:47 PM mick 10/16/16 11:03:00 PM
#782   Kinder Morgan, Inc. (KMI) mick 10/16/16 11:02:55 PM
#781   Depends on what you think oil will do. IL Padrino 10/14/16 11:35:10 AM
#780   Whats the current jump in point?? Anyone; I lab40 10/05/16 12:39:21 PM
#779   KMI News: Current Report Filing (8-k) 09/01/2016 04:27:47 PM mick 10/01/16 01:08:09 PM
#778   Kinder Morgan, Inc. (KMI) mick 10/01/16 01:08:03 PM
#777   KMI warrants now trading around 1 1/2 cents. bar1080 09/30/16 09:07:28 AM
#776   KMI News: Current Report Filing (8-k) 09/01/2016 04:27:47 PM mick 09/18/16 02:22:08 PM
#775   Kinder Morgan, Inc. (KMI) mick 09/18/16 02:22:02 PM
#774   PT raised to $27 by UBS Arizzle 09/13/16 01:16:24 PM
#773   KMI will only become better and stronger once Tpsully 09/07/16 01:21:35 PM
#772   Sadly, I had to sell to pay some bills. Homebrew 09/06/16 02:56:19 PM
#771   Kinder Morgan: 2 Reasons To Stay Long MisterEC 09/05/16 06:42:05 PM
#770   KMI News: Current Report Filing (8-k) 09/01/2016 04:27:47 PM mick 09/05/16 10:53:33 AM
#769   Kinder Morgan, Inc. (KMI) mick 09/05/16 10:53:19 AM
#768   If your going by Trudeaus approval; then were lab40 08/31/16 11:39:06 AM
#767   Why Kinder Morgan's Future Outlook May Be About MisterEC 08/31/16 08:50:42 AM
#766   Analysts predicting 68$ Brent by second quarter 2017! lab40 08/29/16 12:09:37 PM
#765   Flipped warrants .022 to .027. Surprised they're not ashy2classy 08/18/16 04:00:39 PM
#764   Today I'd like to see KMI closed at $22. BritannyJ564 08/17/16 01:28:15 PM
#763   KMI continues its steady rise! slazenger7 08/17/16 12:36:06 AM
#762   Yeeeessss.... Need stay moving in this direction- GLTY Travel5 08/16/16 05:16:20 PM
#761   Looks so good today! Finally! BritannyJ564 08/16/16 01:42:25 PM
#760   KMI News: Current Report Filing (8-k) 08/08/2016 06:04:16 AM mick 08/14/16 01:04:47 PM
#759   Kinder Morgan, Inc. (KMI) mick 08/14/16 01:04:33 PM