|Bid||15.21 x 3000|
|Ask||15.25 x 36200|
|Day's range||15.11 - 15.62|
|52-week range||9.42 - 20.38|
|Beta (5Y monthly)||1.07|
|PE ratio (TTM)||322.77|
|Earnings date||20-Apr-2021 - 26-Apr-2021|
|Forward dividend & yield||1.05 (6.96%)|
|1y target est||16.83|
Kinder Morgan, Inc. (NYSE: KMI) and Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN) (Brookfield Infrastructure) today jointly announced that they have agreed to sell a 25% minority interest in Natural Gas Pipeline Company of America LLC (NGPL) to a fund controlled by ArcLight Capital Partners, LLC (ArcLight) for $830 million. The proceeds will be shared equally between KMI and Brookfield Infrastructure. The value of the minority interest implies an enterprise value of approximately $5.2 billion for NGPL, which is approximately 11.2 times 2020 EBITDA. Upon closing, KMI and Brookfield Infrastructure will each hold a 37.5% interest in NGPL, and KMI will continue to operate the pipeline.
Energy companies Schlumberger (SLB), Kinder Morgan (KMI) and Baker Hughes (BKR) reported December-quarter earnings.
Contributions from the Texas Intrastate systems aid Kinder Morgan's (KMI) Q4 earnings.