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Stock impact report

Kinder Morgan Declares $0.25 Per Share Dividend and Announces Results for Fourth Quarter Of 2019

Kinder Morgan, Inc. (KMI) 
Last kinder morgan, inc. earnings: 4/22 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.kindermorgan.com
Company Research Source: Business Wire
KMI Closes on Sale of U.S. Portion of Cochin and Its 70 Percent Interest in KMLProceeds Being Used to Pay Down Debt, Creating $1.2 Billion of Balance Sheet Flexibility HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced results for the fourth quarter of 2019:14 percent year-over-year growth in natural gas transport volumes in the fourth quarter, the eighth consecutive quarter to exceed 10 percent growth$610 million or $0.27 per share of net income available to common stockholders$1.35 billion or $0.59 per share of distributable cash flow (DCF)$785 million of excess DCF above declared dividendFull-year 2019 Adjusted EBITDA up 1 percent versus 2018 despite Trans Mountain saleSale of the U.S. portion of the Cochin pipeline and 70 percent interest in Kinder Morgan Canada Limited (KML) to Pembina Pipeline Corporation (Pembina)KMI’s board of directors approved a cash dividend of $0.25 per share for the fourth quarter ($1.00 annualized), payable on February 18, 2020, Show less Read more
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