Kinder Morgan (NYSE:KMI) said late Thursday it has shut down two of its pipelines, SFPP West and CALNEV, due to power outages linked to the wildfires now raging in southern California. The company said the pipelines are not directly impacted by the fires,
Kinder Morgan's SFPP West and CalNev lines have returned to service, a company spokesperson confirmed Friday.
We continue to actively monitor the California wildfires and will work with our customers on any potential impacts', Kinder Morgan noted in a media statement sent to Rigzone.
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Kinder Morgan said fires weren’t directly disrupting operations, but outages forced a line serving Arizona to shut down. Service has been restored.
Massive fires continue burning after igniting in the foothills of Pacific Palisades, and Altadena, forcing thousands to evacuate amid a life-threatening and destructive windstorm slamming Southern California.
The 10-year fight over a private island in the San Francisco Bay ends today. Point Buckler’s 50 acres of marshland will be auctioned in Solano County.
For several quarters now, we have pointed to expected significant new natural gas demand...those expectations are being realized,” said CEO Kim Dang.
Kinder Morgan KMI reported adjusted earnings of $1.15 per share in 2024, up 7% from 2023. Full-year adjusted EBITDA was up 5% year over year to $7.9 billion, slightly lower than management’s $8.2 billion budget and our estimate at the beginning of 2024.
Presentation Operator Good afternoon, and thank you for standing-by, and welcome to the Quarterly Earnings Conference Call. Your lines are in a listen-only mode until the question-and-answer session of today's conference.
The case for buying stock in gas pipeline company Kinder Morgan (NYSE: KMI) in the near to medium term is powerful, not least because of its 4% dividend yield and sustainable cash flows.
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