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Kinder Morgan: Strong Demand For Trans Mountain Expansion Despite Tariff Increase [Seeking Alpha]

KINDER MORGAN (KMI)  More Company Research Source: Seeking Alpha
Last kinder morgan earnings: 4/18 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.kindermorgan.com
PDF Summary The big news of the past week from pipeline giant Kinder Morgan (NYSE: KMI ) was that it revised upwards its cost estimates for its Trans Mountain pipeline expansion plans. Normally higher costs would spook investors as it may lead to lower returns down the line. However, Kinder Morgan's stock has held up, performing inline with its sector peers (represented by the Alerian MLP index (AMZ)),which have all been drifting lower due to weaker oil prices. KMI data by YCharts Cost are up, but so are tariffs The press release from the company is rather clear -- the total cost for the project is now estimated to be $7.4 billion CAD, up 9% from the prior estimate of $6.8 billion CAD. Kinder Morgan had to offer plenty of concessions to get approval for this project and these obviously raised the price tag. NEB, the Canadian regulator, set 157 conditions for approval, ranging from thicker pipeline walls to additional environmental considerations. Keep in [Read more]

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