Kinder Morgan Inc. - jetzt auch an der Börse (Seite 14)
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ISIN: US49456B1017 · WKN: A1H6GK · Symbol: 2KD
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| TitelBeiträge |
|---|
17.04.24 · Business Wire (engl.)  |
10.04.24 · Business Wire (engl.) |
01.04.24 · Business Wire (engl.) |
08.03.24 · PR Newswire (engl.) |
Werte aus der Branche Öl/Gas
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 12,000 | +71,43 | |
| 21,000 | +25,00 | |
| 0,680 | +23,64 | |
| 1,140 | +15,15 | |
| 2,1200 | +12,77 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 3,5400 | -5,85 | |
| 42,95 | -7,44 | |
| 15,694 | -8,07 | |
| 10,000 | -33,33 | |
| 3,0600 | -34,83 |
Beitrag zu dieser Diskussion schreiben
FeedbackKinder Morgan to acquire Hiland Partners
Kinder Morgan said it has reached a definitive agreement whereby KMI will acquire Hiland Partners for a total purchase price of approximately $3 billion, including the assumption of debt.Hiland’s assets, which are mostly fee-based, consist of crude oil gathering and transportation pipelines and gas gathering and processing systems, primarily serving production from the Bakken Formation in North Dakota and Montana. The transaction creates a premier midstream platform for KMI in the Bakken with a significant amount of acreage dedicated under long-term gathering agreements.
Kinder Morgan anticipates retaining nearly all of Hiland’s approximately 430 employees and maintaining KMI’s presence in Oklahoma.
Kinder Morgan expects to close the transaction in the first quarter of 2015.
Bracewell & Guiliani acted as legal counsel to KMI. UBS Securities LLC has provided a $2.025 billion bridge financing facility to KMI.
Antwort auf Beitrag Nr.: 48.439.701 von R-BgO am 28.11.14 09:36:04so, seit heute sind alle Konversionen durch;
habe jetzt nur noch KMI im Depot und hoffe auf schnelles Dividendenwachstum
habe jetzt nur noch KMI im Depot und hoffe auf schnelles Dividendenwachstum
Kinder Morgan Announces Closing of the Merger Transactions
Second Largest Energy Transaction in History Creates Largest Midstream and Third Largest Energy Company in North AmericaHOUSTON--(BUSINESS WIRE)--Nov. 26, 2014-- Kinder Morgan, Inc. (NYSE: KMI) today announced it has completed its acquisition of the outstanding equity securities of Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR) and El Paso Pipeline Partners, L.P. (NYSE: EPB). The approximately $76 billion transaction was initially announced Aug. 10, 2014.
Chairman and CEO Richard D. Kinder stated, “We are delighted to close the KMP, KMR and EPB transactions. We believe merging the companies benefits our shareholders and unitholders, simplifies the Kinder Morgan story by transitioning to one security and paves the way for superior growth at KMI for years to come. KMI projects a dividend of $2.00 per share for 2015, a 16 percent increase over the 2014 KMI dividend budget of $1.72 per share. The company expects to grow the dividend by approximately 10 percent each year from 2015 through 2020, while producing excess coverage of over $2 billion.”
in meinem Depot ist bisher nix passiert; mal sehen, wie lange die Infos brauchen...
Antwort auf Beitrag Nr.: 48.210.613 von R-BgO am 03.11.14 22:07:22
As previously announced, KMP and EPB unitholders had the option to elect, for each KMP or EPB common unit held, either cash, KMI common stock, or a combination of cash and KMI common stock. For both KMP and EPB unitholders, the all cash and all stock elections are subject to proration. The period for KMP and EPB unitholders to make their elections officially expired at 5:00 p.m. ET on Nov. 24, 2014 (the “Election Deadline”).
Prior to the Election Deadline, KMP unitholders were entitled to elect to receive, for each KMP common unit held, one of the following:
2.4849 shares of KMI common stock (a “KMP Stock Election”);
$91.72 in cash without interest (a “KMP Cash Election”); or
$10.77 in cash without interest and 2.1931 shares of KMI common stock (a “KMP Mixed Election”).
Prior to the Election Deadline, EPB unitholders were entitled to elect to receive, for each EPB common unit held, one of the following:
1.0711 shares of KMI common stock (an “EPB Stock Election”);
$39.53 in cash without interest (an “EPB Cash Election”); or
$4.65 in cash without interest and 0.9451 of a share of KMI common stock (an “EPB Mixed Election”).
Preliminary KMP Results
Based on available information as of the Election Deadline, the preliminary merger consideration election results for KMP were as follows:
Holders of approximately 61.3% of the outstanding KMP common units, or 186,390,655 KMP common units, made a KMP Stock Election (including elections with respect to 29,540,534 units made pursuant to the notice of guaranteed delivery procedure).
Holders of approximately 0.9% of the outstanding KMP common units, or 2,868,326 KMP common units, made a KMP Cash Election (including elections with respect to 45,689 units made pursuant to the notice of guaranteed delivery procedure).
Holders of approximately 10.1% of the outstanding KMP common units, or 30,593,050 KMP common units, made a KMP Mixed Election (including elections with respect to 612,506 units made pursuant to the notice of guaranteed delivery procedure).
Holders of approximately 27.7% of the outstanding KMP common units, or 84,100,499 KMP common units, did not make a valid election or did not deliver a valid election form prior to the Election Deadline and, therefore, are deemed to have made a KMP Mixed Election.
Preliminary EPB Results
Based on available information as of the Election Deadline, the preliminary merger consideration election results for EPB unitholders were as follows:
Holders of approximately 69.5% of the outstanding EPB common units, or 98,907,908 EPB common units, made an EPB Stock Election (including elections with respect to 20,218,478 units made pursuant to the notice of guaranteed delivery procedure).
Holders of approximately 7.9% of the outstanding EPB common units, or 11,212,278 EPB common units, made an EPB Cash Election.
Holders of approximately 9.7% of the outstanding EPB common units, or 13,772,542 EPB common units, made an EPB Mixed Election (including elections with respect to 569,173 units made pursuant to the notice of guaranteed delivery procedure).
Holders of approximately 13.0% of the outstanding EPB common units, or 18,451,467 EPB common units, did not make a valid election or did not deliver a valid election form prior to the Election Deadline and, therefore, are deemed to have made an EPB Mixed Election.
Elections made by KMP and EPB unitholders pursuant to the notice of guaranteed delivery procedure require the delivery of units to Computershare Trust Company, N.A., the exchange agent for the mergers, by 5:00 p.m. ET on Nov. 26, 2014. If the exchange agent does not receive the required unit certificates or book-entry transfer of units by the guaranteed delivery deadline, the EPB and KMP common units subject to such elections will be treated as units deemed to have made a KMP Mixed Election or EPB Mixed Election, as applicable.
After the final results of the merger consideration election process are determined, the final allocation of merger consideration will be calculated in accordance with the terms of the merger agreements.
KMI, KMP, KMR und EPB Announce Preliminary Results of Merger Consideration Elections
HOUSTON--(BUSINESS WIRE)--Nov. 25, 2014-- Kinder Morgan, Inc. (NYSE: KMI), Kinder Morgan Energy Partners, L.P. (NYSE: KMP) and El Paso Pipeline Partners, L.P. (NYSE: EPB) today announced the preliminary results of the elections made by KMP and EPB unitholders regarding their preference as to the form of merger consideration they will receive in connection with the pending mergers with KMI, which are currently expected to close on Nov. 26, 2014.As previously announced, KMP and EPB unitholders had the option to elect, for each KMP or EPB common unit held, either cash, KMI common stock, or a combination of cash and KMI common stock. For both KMP and EPB unitholders, the all cash and all stock elections are subject to proration. The period for KMP and EPB unitholders to make their elections officially expired at 5:00 p.m. ET on Nov. 24, 2014 (the “Election Deadline”).
Prior to the Election Deadline, KMP unitholders were entitled to elect to receive, for each KMP common unit held, one of the following:
2.4849 shares of KMI common stock (a “KMP Stock Election”);
$91.72 in cash without interest (a “KMP Cash Election”); or
$10.77 in cash without interest and 2.1931 shares of KMI common stock (a “KMP Mixed Election”).
Prior to the Election Deadline, EPB unitholders were entitled to elect to receive, for each EPB common unit held, one of the following:
1.0711 shares of KMI common stock (an “EPB Stock Election”);
$39.53 in cash without interest (an “EPB Cash Election”); or
$4.65 in cash without interest and 0.9451 of a share of KMI common stock (an “EPB Mixed Election”).
Preliminary KMP Results
Based on available information as of the Election Deadline, the preliminary merger consideration election results for KMP were as follows:
Holders of approximately 61.3% of the outstanding KMP common units, or 186,390,655 KMP common units, made a KMP Stock Election (including elections with respect to 29,540,534 units made pursuant to the notice of guaranteed delivery procedure).
Holders of approximately 0.9% of the outstanding KMP common units, or 2,868,326 KMP common units, made a KMP Cash Election (including elections with respect to 45,689 units made pursuant to the notice of guaranteed delivery procedure).
Holders of approximately 10.1% of the outstanding KMP common units, or 30,593,050 KMP common units, made a KMP Mixed Election (including elections with respect to 612,506 units made pursuant to the notice of guaranteed delivery procedure).
Holders of approximately 27.7% of the outstanding KMP common units, or 84,100,499 KMP common units, did not make a valid election or did not deliver a valid election form prior to the Election Deadline and, therefore, are deemed to have made a KMP Mixed Election.
Preliminary EPB Results
Based on available information as of the Election Deadline, the preliminary merger consideration election results for EPB unitholders were as follows:
Holders of approximately 69.5% of the outstanding EPB common units, or 98,907,908 EPB common units, made an EPB Stock Election (including elections with respect to 20,218,478 units made pursuant to the notice of guaranteed delivery procedure).
Holders of approximately 7.9% of the outstanding EPB common units, or 11,212,278 EPB common units, made an EPB Cash Election.
Holders of approximately 9.7% of the outstanding EPB common units, or 13,772,542 EPB common units, made an EPB Mixed Election (including elections with respect to 569,173 units made pursuant to the notice of guaranteed delivery procedure).
Holders of approximately 13.0% of the outstanding EPB common units, or 18,451,467 EPB common units, did not make a valid election or did not deliver a valid election form prior to the Election Deadline and, therefore, are deemed to have made an EPB Mixed Election.
Elections made by KMP and EPB unitholders pursuant to the notice of guaranteed delivery procedure require the delivery of units to Computershare Trust Company, N.A., the exchange agent for the mergers, by 5:00 p.m. ET on Nov. 26, 2014. If the exchange agent does not receive the required unit certificates or book-entry transfer of units by the guaranteed delivery deadline, the EPB and KMP common units subject to such elections will be treated as units deemed to have made a KMP Mixed Election or EPB Mixed Election, as applicable.
After the final results of the merger consideration election process are determined, the final allocation of merger consideration will be calculated in accordance with the terms of the merger agreements.
Trading Spotlight
Antwort auf Beitrag Nr.: 47.490.082 von R-BgO am 11.08.14 23:34:02Meetings sind am 20.11., Closing soll vor dem 27.11. sein
Kinder Morgan, Inc. to Purchase KMP, KMR and EPB; 2015 KMI Dividend to Increase to $2 per Share
KMI expects 10% annual growth in dividend 2015-2020 with significant excess coverage
Combination eliminates Incentive Distribution Rights
Approximately $70 billion total transaction value
Investment grade rating expected
Closing anticipated by year end
HOUSTON--(BUSINESS WIRE)--Aug. 10, 2014--
Kinder Morgan, Inc. (NYSE: KMI), Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR) and El Paso Pipeline Partners, L.P. (NYSE: EPB) today announced that KMI will acquire all of the outstanding equity securities of KMP, KMR and EPB.
KMP unitholders will receive 2.1931 KMI shares and $10.77 in cash for each KMP unit. This results in a price of $89.98 per unit, a 12 percent premium based on the Aug. 8, 2014, closing prices. This is a premium of 11.4 percent based on the July 16 closing price reference date used by the parties during the negotiation of the transaction.
KMR shareholders will receive 2.4849 KMI shares for each share of KMR. This results in a price of $89.75 per share, a 16.5 percent premium based on the Aug. 8, 2014, closing prices. This is a premium of 16 percent based on the July 16 reference date used by the parties in the negotiation. The parties negotiated consideration for KMR shares equal to the consideration for KMP units, using the July 16 reference date.
EPB unitholders will receive .9451 KMI shares and $4.65 in cash for each EPB unit. This results in a price of $38.79 per unit, a 15.4 percent premium based on the Aug. 8, 2014, closing prices. This is a premium of 11.2 percent based on the July 16 reference date used by the parties in the negotiation.
Both KMP and EPB unitholders will be able to elect cash or KMI stock consideration subject to proration.
KMI has secured committed financing for the cash portion of the transaction.
“All shareholders and unitholders of the Kinder Morgan family of companies will benefit as a result of this combination,” said Chairman and CEO Richard D. Kinder. “Everyone will hold a single, publicly traded security – KMI – which will have a projected dividend of $2.00 in 2015, a 16 percent increase over the anticipated 2014 dividend of $1.72. We expect to grow the dividend by approximately 10 percent each year from 2015 through 2020, with excess coverage anticipated to be greater than $2 billion over that same period. This combined entity will be the largest energy infrastructure company in North America and the third largest energy company overall with an estimated enterprise value of approximately $140 billion. Additionally, we will have a leading position in each of our business segments and operate in the rapidly growing North American energy infrastructure sector.”
KMI has reviewed the proposed transaction with the rating agencies and expects the combined entity will be investment grade. The Kinder Morgan companies will put in place cross guarantees among and between the Kinder Morgan entities (with limited exceptions) to be effective on closing of the transaction in order to create a single creditor class and eliminate the structural subordination.
“This transaction dramatically simplifies the Kinder Morgan story, by transitioning from four separately traded equity securities today to one security going forward, and by eliminating the incentive distribution rights and structural subordination of debt,” Kinder said. “Further, we believe that KMI will be a valuable acquisition currency and have a significantly lower hurdle for accretive investments in new energy infrastructure. In the opportunity-rich environment of today’s energy infrastructure sector, we believe this transaction gives us the ability to grow KMI for years to come.” The transaction also provides significant tax benefits for KMI shareholders from depreciation deductions associated with the upfront purchase and future capital expenditures.
KMP, KMR and EPB were represented in the negotiations by committees comprised exclusively of the independent members of the boards of the respective entities. The boards of all the Kinder Morgan companies have voted to recommend the transaction to their respective unitholders and shareholders. Each transaction is conditioned on the closing of the other transactions. Following unitholders and shareholder votes and standard regulatory notifications and approvals, the transaction is expected to close by the end of 2014. More information on the transaction, including the investor presentation, may be found in the Investor section of the Kinder Morgan website at www.kindermorgan.com.
Barclays and Citi acted as financial advisors to KMI, Barclays is providing committed financing for the transaction, and Weil Gotshal & Manges and Bracewell & Giuliani acted as legal counsel to KMI. Jefferies acted as financial advisor to KMP and KMR and Baker Botts acted as legal counsel to KMP and KMR. Tudor, Pickering, Holt & Co. acted as financial advisor to EPB and Vinson & Elkins acted as legal counsel to EPB.
KMI expects 10% annual growth in dividend 2015-2020 with significant excess coverage
Combination eliminates Incentive Distribution Rights
Approximately $70 billion total transaction value
Investment grade rating expected
Closing anticipated by year end
HOUSTON--(BUSINESS WIRE)--Aug. 10, 2014--
Kinder Morgan, Inc. (NYSE: KMI), Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR) and El Paso Pipeline Partners, L.P. (NYSE: EPB) today announced that KMI will acquire all of the outstanding equity securities of KMP, KMR and EPB.
KMP unitholders will receive 2.1931 KMI shares and $10.77 in cash for each KMP unit. This results in a price of $89.98 per unit, a 12 percent premium based on the Aug. 8, 2014, closing prices. This is a premium of 11.4 percent based on the July 16 closing price reference date used by the parties during the negotiation of the transaction.
KMR shareholders will receive 2.4849 KMI shares for each share of KMR. This results in a price of $89.75 per share, a 16.5 percent premium based on the Aug. 8, 2014, closing prices. This is a premium of 16 percent based on the July 16 reference date used by the parties in the negotiation. The parties negotiated consideration for KMR shares equal to the consideration for KMP units, using the July 16 reference date.
EPB unitholders will receive .9451 KMI shares and $4.65 in cash for each EPB unit. This results in a price of $38.79 per unit, a 15.4 percent premium based on the Aug. 8, 2014, closing prices. This is a premium of 11.2 percent based on the July 16 reference date used by the parties in the negotiation.
Both KMP and EPB unitholders will be able to elect cash or KMI stock consideration subject to proration.
KMI has secured committed financing for the cash portion of the transaction.
“All shareholders and unitholders of the Kinder Morgan family of companies will benefit as a result of this combination,” said Chairman and CEO Richard D. Kinder. “Everyone will hold a single, publicly traded security – KMI – which will have a projected dividend of $2.00 in 2015, a 16 percent increase over the anticipated 2014 dividend of $1.72. We expect to grow the dividend by approximately 10 percent each year from 2015 through 2020, with excess coverage anticipated to be greater than $2 billion over that same period. This combined entity will be the largest energy infrastructure company in North America and the third largest energy company overall with an estimated enterprise value of approximately $140 billion. Additionally, we will have a leading position in each of our business segments and operate in the rapidly growing North American energy infrastructure sector.”
KMI has reviewed the proposed transaction with the rating agencies and expects the combined entity will be investment grade. The Kinder Morgan companies will put in place cross guarantees among and between the Kinder Morgan entities (with limited exceptions) to be effective on closing of the transaction in order to create a single creditor class and eliminate the structural subordination.
“This transaction dramatically simplifies the Kinder Morgan story, by transitioning from four separately traded equity securities today to one security going forward, and by eliminating the incentive distribution rights and structural subordination of debt,” Kinder said. “Further, we believe that KMI will be a valuable acquisition currency and have a significantly lower hurdle for accretive investments in new energy infrastructure. In the opportunity-rich environment of today’s energy infrastructure sector, we believe this transaction gives us the ability to grow KMI for years to come.” The transaction also provides significant tax benefits for KMI shareholders from depreciation deductions associated with the upfront purchase and future capital expenditures.
KMP, KMR and EPB were represented in the negotiations by committees comprised exclusively of the independent members of the boards of the respective entities. The boards of all the Kinder Morgan companies have voted to recommend the transaction to their respective unitholders and shareholders. Each transaction is conditioned on the closing of the other transactions. Following unitholders and shareholder votes and standard regulatory notifications and approvals, the transaction is expected to close by the end of 2014. More information on the transaction, including the investor presentation, may be found in the Investor section of the Kinder Morgan website at www.kindermorgan.com.
Barclays and Citi acted as financial advisors to KMI, Barclays is providing committed financing for the transaction, and Weil Gotshal & Manges and Bracewell & Giuliani acted as legal counsel to KMI. Jefferies acted as financial advisor to KMP and KMR and Baker Botts acted as legal counsel to KMP and KMR. Tudor, Pickering, Holt & Co. acted as financial advisor to EPB and Vinson & Elkins acted as legal counsel to EPB.
ich verfolge nun schon einige Zeit die Firma und bin mir über eines noch nicht so richtig klar geworden, KMI schüttet scheinbar seinen gesamten Gewinn aus - doch woher nehmen sie Geld für evtl. weitere Käufe oder Schuldenabbau?
Hat da jemand Erklärungen oder sehe ich wieder einmal den Wald vor lauter Bäumen nicht?
Ostergrüße an alle Investierten,
dukati
Hat da jemand Erklärungen oder sehe ich wieder einmal den Wald vor lauter Bäumen nicht?
Ostergrüße an alle Investierten,
dukati
KMI Cash Available to Pay Dividends up 21% over 2012
Dividend 11% Higher Than Fourth Quarter 2012
HOUSTON--(BUSINESS WIRE)--Jan. 15, 2014-- Kinder Morgan, Inc. (NYSE: KMI) today reported fourth quarter cash available to pay dividends of $482 million, an increase of 10 percent from $439 million for the comparable period in 2012. For the full year, KMI reported cash available to pay dividends of $1.713 billion, up 21 percent from $1.411 billion in 2012 and exceeding its published annual budget of $1.632 billion.
The board of directors declared a quarterly dividend of $0.41 per share ($1.64 annualized), which is payable on Feb. 18, 2014, to shareholders of record as of Jan. 31, 2014. This represents an increase of 11 percent from the fourth quarter 2012 cash dividend per share of $0.37 ($1.48 annualized).
Chairman and CEO Richard D. Kinder said, “KMI had an excellent fourth quarter and year. Growth was driven by continued outstanding performance at Kinder Morgan Energy Partners (KMP) highlighted by the strong results produced by the assets it acquired through the Copano and El Paso transactions, and a full year of contributions from El Paso Pipeline Partners (EPB). As a result, KMI met its revised target to declare a dividend of $1.60 per share for the full year and actually generated $1.65 per share in cash available per share outstanding. Looking ahead, we believe that our large footprint of diversified assets will continue to generate stable, attractive risk-adjusted returns to our investors. We are excited about 2014, and currently have identified approximately $14.8 billion in expansion and joint venture investments at KMP and EPB that we are confident will come to fruition and drive growth at KMI for years to come. We are also pursuing customer commitments for many more projects.”
Outlook
As previously announced, KMI expects to declare dividends of $1.72 per share for 2014, an 8 percent increase over its 2013 declared dividend of $1.60 per share. Growth in 2014 is expected to be driven by continued strong performance at KMP and contributions from EPB.
The growth at KMI from KMP and EPB will be partially offset by the loss of income from the 2013 and expected 2014 sales (dropdowns) of certain assets to KMP and EPB. Subject to appropriate board approvals, KMI expects to drop down its 50 percent interest in Ruby Pipeline, its 50 percent interest in Gulf LNG and its 47.5 percent interest in Young Gas Storage to EPB during 2014.
The boards of directors of the Kinder Morgan companies approved the 2014 budgets at the January board meeting, and the budgets will be discussed in detail during the company’s annual analyst conference on Jan. 29, 2014, in Houston. The conference starts at 8 a.m. CT and will be webcast live.
Other News
KMI repurchased 5.2 million shares of its common stock during the fourth quarter for approximately $172 million. KMI has fully utilized the $350 million share and warrant repurchase program authorized by the board of directors in July of 2013 and has $94 million remaining on the $250 million authorized by the board in October of 2013 for share and warrant repurchase.
Kinder Morgan is the largest midstream and the third largest energy company in North America with a combined enterprise value of approximately $110 billion. It owns an interest in or operates approximately 80,000 miles of pipelines and 180 terminals. Its pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and chemicals and handle such products as ethanol, coal, petroleum coke and steel. Kinder Morgan, Inc. (NYSE: KMI) owns the general partner interests of Kinder Morgan Energy Partners, L.P. (NYSE: KMP) and El Paso Pipeline Partners, L.P. (NYSE: EPB), along with limited partner interests in KMP and EPB and shares in Kinder Morgan Management, LLC (NYSE: KMR). For more information please visit www.kindermorgan.com.
Dividend 11% Higher Than Fourth Quarter 2012
HOUSTON--(BUSINESS WIRE)--Jan. 15, 2014-- Kinder Morgan, Inc. (NYSE: KMI) today reported fourth quarter cash available to pay dividends of $482 million, an increase of 10 percent from $439 million for the comparable period in 2012. For the full year, KMI reported cash available to pay dividends of $1.713 billion, up 21 percent from $1.411 billion in 2012 and exceeding its published annual budget of $1.632 billion.
The board of directors declared a quarterly dividend of $0.41 per share ($1.64 annualized), which is payable on Feb. 18, 2014, to shareholders of record as of Jan. 31, 2014. This represents an increase of 11 percent from the fourth quarter 2012 cash dividend per share of $0.37 ($1.48 annualized).
Chairman and CEO Richard D. Kinder said, “KMI had an excellent fourth quarter and year. Growth was driven by continued outstanding performance at Kinder Morgan Energy Partners (KMP) highlighted by the strong results produced by the assets it acquired through the Copano and El Paso transactions, and a full year of contributions from El Paso Pipeline Partners (EPB). As a result, KMI met its revised target to declare a dividend of $1.60 per share for the full year and actually generated $1.65 per share in cash available per share outstanding. Looking ahead, we believe that our large footprint of diversified assets will continue to generate stable, attractive risk-adjusted returns to our investors. We are excited about 2014, and currently have identified approximately $14.8 billion in expansion and joint venture investments at KMP and EPB that we are confident will come to fruition and drive growth at KMI for years to come. We are also pursuing customer commitments for many more projects.”
Outlook
As previously announced, KMI expects to declare dividends of $1.72 per share for 2014, an 8 percent increase over its 2013 declared dividend of $1.60 per share. Growth in 2014 is expected to be driven by continued strong performance at KMP and contributions from EPB.
The growth at KMI from KMP and EPB will be partially offset by the loss of income from the 2013 and expected 2014 sales (dropdowns) of certain assets to KMP and EPB. Subject to appropriate board approvals, KMI expects to drop down its 50 percent interest in Ruby Pipeline, its 50 percent interest in Gulf LNG and its 47.5 percent interest in Young Gas Storage to EPB during 2014.
The boards of directors of the Kinder Morgan companies approved the 2014 budgets at the January board meeting, and the budgets will be discussed in detail during the company’s annual analyst conference on Jan. 29, 2014, in Houston. The conference starts at 8 a.m. CT and will be webcast live.
Other News
KMI repurchased 5.2 million shares of its common stock during the fourth quarter for approximately $172 million. KMI has fully utilized the $350 million share and warrant repurchase program authorized by the board of directors in July of 2013 and has $94 million remaining on the $250 million authorized by the board in October of 2013 for share and warrant repurchase.
Kinder Morgan is the largest midstream and the third largest energy company in North America with a combined enterprise value of approximately $110 billion. It owns an interest in or operates approximately 80,000 miles of pipelines and 180 terminals. Its pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and chemicals and handle such products as ethanol, coal, petroleum coke and steel. Kinder Morgan, Inc. (NYSE: KMI) owns the general partner interests of Kinder Morgan Energy Partners, L.P. (NYSE: KMP) and El Paso Pipeline Partners, L.P. (NYSE: EPB), along with limited partner interests in KMP and EPB and shares in Kinder Morgan Management, LLC (NYSE: KMR). For more information please visit www.kindermorgan.com.
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