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☆ Natural gas will have a 'huge impact' on the energy transition. Play the trend with these pipeline stocks
▼ + stars: | 2024-07-02 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Investors who want to support the energy transition should consider backing natural gas as a fuel that can "make a really huge impact" by replacing coal, according to a top analyst at asset manager PGIM. "Natural gas is very complementary to them, it is highly dispatchable and it is very low cost." The U.S. is the largest natural gas exporter in the world, according to the Energy Information Administration. "Pipelines offer a very different kind of risk/reward proposition for an investor than, say, a natural gas producer who is very exposed to the volatility of the natural gas price," Antia said. "When it comes to LNG infrastructure, Cheniere is a company that provides the infrastructure necessary to liquefy as well as re-gasifying natural gas," Antia said.

Persons: PGIM, Shehriyar Antia, Antia, Kinder Morgan, Williams Cos, Williams, Kinder Organizations: CNBC, Energy Information Administration, EQT Corp, Williams Companies, Wall Street, Argus, Energy Locations: Wells, China, India

☆ Not all dividend strategies are the same. How to choose the best one for you
▼ + stars: | 2024-04-24 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

She considers herself a dividend income investor, looking for names that provide a healthy payout for her clients. Her portfolio typically generates a 5% dividend yield or better. Honeywell has a 6% five-year annual dividend growth rate, he said. Lastly, CME Group not only has a 2.2% dividend yield, it tends to pay a special dividend once a year that's posted strong growth, he said. CME has five-year annual dividend growth of 15%, and a flawless balance sheet, he said.

Persons: Jenny Harrington, Kevin Simpson, Harrington, Simpson, Stocks, Kinder Morgan, Richard Kinder Organizations: Asset Management, Wealth, Merck, Verizon, SEC, Companies, Honeywell International, CME Group, Honeywell, Boeing, Group Locations: United States

☆ Stocks making the biggest moves premarket: Discover Financial Services, Spirit Airlines, Humana, Hertz and more
▼ + stars: | 2024-01-18 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Discover Financial Services — The financial services stock dropped more than 7% after posting mixed fourth-quarter results. Hertz — The automotive rental company's stock climbed about 6% following an upgrade to overweight from Morgan Stanley earlier on Thursday. Kinder Morgan — Shares of the energy infrastructure company fell less than 1% after Kinder Morgan's fourth-quarter revenue came in lower than expected. Fastenal — The industrial supplies company added 4% after posting fourth-quarter earnings that exceeded analyst expectations. Humana — The health insurance company lost more than 14% on Thursday after guiding for full-year 2023 adjusted earnings of $26.09 per share.

Persons: Hertz, Morgan Stanley, Adam Jonas, Hertz's, BofA, Ranjan Sharma, Kinder Morgan —, Kinder Morgan's, Kinder, Fastenal, Chris Caso, — CNBC's Brian Evans, Michelle Fox, Fred Imbert, Jesse Pound, Pia Singh, Samantha Subin Organizations: Discover Financial, Apple, Bank of America, Spirit Airlines, JetBlue, Citi, Spirit, Alaska Air Group —, Boeing, Alaska Airlines, Federal Aviation Administration, JPMorgan, Wolfe Research, Humana, Alcoa, Revenue Locations: Singapore

☆ Kinder Morgan misses profit estimates as interest costs rise
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

The headquarters of U.S. energy exporter and pipeline operator Kinder Morgan Inc. is seen in Houston, Texas, U.S. September 27, 2020. REUTERS/Gary McWilliams/File Photo Acquire Licensing RightsCompanies Kinder Morgan Inc FollowOct 18 (Reuters) - Pipeline and terminal operator Kinder Morgan (KMI.N) on Wednesday posted lower-than-expected profit for the third quarter as higher interest expenses offset strength in its natural gas and products pipeline segment. Shares of Kinder Morgan were down 1.6% at $16.87 in after-market trade. Lower contribution from Kinder Morgan's carbon dioxide (CO2) transportation segment also pressured its quarterly earnings, hurt by weaker prices of natural gas liquids and CO2, lower volumes and higher power costs. The Houston-based firm's earnings from the CO2 segment dropped to $175 million in the July-September quarter, from $195 million last year.

Persons: Gary McWilliams, Kinder Morgan, Tanay, Devika Organizations: Kinder Morgan Inc, REUTERS, Kinder Morgan, U.S, Federal, Thomson Locations: Houston , Texas, U.S, Houston, Bengaluru

☆ Chevron evacuates Gulf platforms, Kinder Morgan to shut pipeline ahead of Idalia
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Gaby Oraa/File Photo Acquire Licensing RightsHOUSTON, Aug 29 (Reuters) - U.S. oil producer Chevron (CVX.N) on Tuesday said it evacuated staff from three U.S. Gulf of Mexico oil production platforms while Kinder Morgan (KMI.N) planned to shut a petroleum pipeline, as the energy companies braced for Hurricane Idalia. Blind Faith and Petronius are up to 160 miles (257 km) southeast of New Orleans in the central Gulf of Mexico. Production was continuing at Chevron-operated Gulf of Mexico oil and gas facilities. Meanwhile, Kinder Morgan shut its Port Manatee, Port Sutton and Tampaplex terminals, which handle commodities such as fertilizers, scrap metal, pet coke and coal. "Our Orlando refined products facility remains operational at this time, but we are closely monitoring the storm’s progress to prepare for any impacts," Kinder Morgan said.

Persons: Gaby Oraa, Kinder Morgan, Idalia, Petronius, Faith, Gary McWilliams, Arpan Varghese, Chizu Nomiyama, Cynthia Osterman Organizations: Chevron, U.S, REUTERS, Rights, Idalia, Gulf, Central Florida Pipeline, Florida Pipeline, Thomson Locations: Venezuela, Caracas, U.S, Gulf, Mexico, New Orleans, Port Manatee, Port Sutton, Tampa, Morgan's

☆ Kinder Morgan misses revenue estimates as gasoline, diesel volumes drop
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +1 min

Companies Kinder Morgan Inc FollowJuly 19 (Reuters) - Kinder Morgan (KMI.N) on Wednesday missed Wall Street estimates for second-quarter revenue as the pipeline operator transported lower volumes of gasoline and diesel through its network. Energy output has yet not reached pre-pandemic levels as companies have kept a tight rein on production, pressuring pipeline operators' transport volumes. While Kinder Morgan's volumes for gasoline and diesel fell in the reported quarter compared to the previous year, its total delivery volumes rose on higher natural gas volumes. The Houston, Texas-based firm posted revenue of $3.50 billion, compared with analysts' average estimate of $4.55 billion, according to Refinitiv data. Reporting by Tanay Dhumal in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Kinder Morgan, Kinder, Tanay, Vinay Dwivedi Organizations: Kinder Morgan Inc, Thomson Locations: China, Houston , Texas, Bengaluru

☆ Kinder Morgan second-quarter revenue misses on lower prices
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +1 min

Companies Kinder Morgan Inc FollowJuly 19 (Reuters) - Pipeline and terminal operator Kinder Morgan (KMI.N) on Wednesday posted lower-than-expected second-quarter revenue, hurt by lower commodity prices. Kinder Morgan faced lower commodity prices, higher interest expense in the second quarter as well as higher sustaining capital expenditures versus the prior year period, President Kim Dang said. The Houston-based company said earnings from its products pipelines fell about 4.3% to $286 million, while earnings from the transportation of CO2 fell about 17.4% to $175 million, due to lower realized prices. Kinder Morgan's revenue fell about 32% to $3.50 billion in the quarter, and missed estimates of $4.55 billion, according to Refinitiv data. Reporting by Tanay Dhumal in Bengaluru; Editing by Vinay Dwivedi and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Kinder Morgan, Kim Dang, Tanay, Vinay Dwivedi, Shounak Organizations: Kinder Morgan Inc, Kinder, Thomson Locations: China, Houston, Bengaluru

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