US-based pipeline operator Kinder Morgan has acquired oil and gas assets in West Texas for approximately $100m, reported Reuters, citing people familiar with the matter. The transaction with Avad Energy Partners encompasses around 265 wells within a mature segment of the US’ most extensive oilfield, according to Avad’s marketing materials and and people close to […]
During its most recent earnings conference call, midstream giant Kinder Morgan (NYSE: KMI) discussed the benefits that artificial intelligence (AI) will bring to its business. This perhaps is not surprising, as companies from all types of different industries have waxed eloquent about how AI will help their businesses. Some of the uses of AI in […]
Investors interested in Kinder Morgan (NYSE: KMI) should make a note of April 30. It’s an important date for those interested in receiving the natural gas giant’s lucrative dividend. Here’s a closer look at why that date matters for dividend investors and what the longer-term future holds for the pipeline stock and its high-yielding dividend. […]
(Reuters) – Pipeline and terminal operator Kinder Morgan on Wednesday reaffirmed its annual profit outlook and said it expects demand for natural gas to grow substantially between now and 2030. The company had said in January that it continues to have a bullish outlook for natural gas demand due to demand from LNG export facilities […]
Kinder Morgan (NYSE: KMI) is one of the more popular dividend stocks, and it’s easy to see why. The natural gas pipeline giant currently offers a 6.1% dividend yield, one of the highest in the S&P 500. That big-time payout is on rock-solid ground, making it an excellent option for those seeking to collect steady […]
If you are considering investing in the midstream sector, Kinder Morgan (NYSE: KMI) will probably be one of the standouts. With a nearly $40 billion market cap and a geographically diverse business, it is an industry leader. Add in a 6.3% dividend yield, and there’s a lot to like here. But you should get to […]
Energy stock Kinder Morgan (NYSE: KMI) has a 6.5% dividend yield, which is well above the 1.4% you’d collect from an S&P 500 index fund. The investment-grade midstream giant has increased its dividend annually since 2018. There are clear reasons to like the stock, but that doesn’t mean investors should buy it over other options. […]
Kinder Morgan (NYSE: KMI) currently makes most of its money supporting the natural gas market (64% of its current business mix is natural gas-related). However, the company has a meaningful carbon dioxide segment (10% of its earnings). That business could grow into a much larger future contributor for the midstream giant. Fueling that view is […]
(Reuters) -Pipeline and terminal operator Kinder Morgan on Wednesday posted a lower-than-expected profit for the fourth quarter, as higher interest expenses and weakness in the natural gas pipeline segment hurt margins during the period. The company earned a profit of 28 cents per share on an adjusted basis for the quarter ended Dec. 31, compared […]
Shares of Kinder Morgan (NYSE: KMI) slipped 2.4% in 2023, according to data provided by S&P Global Market Intelligence. While that wasn’t a bad performance, it significantly underperformed the S&P 500 (which gained 24.2% in 2023). On a more positive note, Kinder Morgan’s total return was a positive 4.1% in 2023 after adding its high-yielding […]
Jan. 5—Filling out her administrative staff in the first week of her tenure, Mayor Lisa Brown has appointed Lisa Kinder as the new director of Spokane’s Neighborhood, Housing and Human Services division. Kinder previously oversaw several other city departments in former Mayor David Condon’s administration and most recently was Chief Stabilization Officer for Catholic Charities […]