15.18 +0.01 (0.07%)
After hours: 7:32PM EST
Previous close | 15.09 |
Open | 15.10 |
Bid | 15.21 x 3000 |
Ask | 15.25 x 36200 |
Day's range | 15.11 - 15.62 |
52-week range | 9.42 - 20.38 |
Volume | 16,491,631 |
Avg. volume | 18,018,213 |
Market cap | 34.352B |
Beta (5Y monthly) | 1.07 |
PE ratio (TTM) | 322.77 |
EPS (TTM) | 0.05 |
Earnings date | 20-Apr-2021 - 26-Apr-2021 |
Forward dividend & yield | 1.05 (6.96%) |
Ex-dividend date | 29-Jan-2021 |
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.