|Bid||0.00 x 3200|
|Ask||25.00 x 900|
|Day's range||23.48 - 24.00|
|52-week range||19.34 - 27.70|
|Beta (3Y monthly)||0.81|
|PE ratio (TTM)||16.09|
|Earnings date||5 Feb 2019|
|Forward dividend & yield||1.20 (5.16%)|
|1y target est||28.05|
Highlights from Kinder Morgan’s Fourth-Quarter EarningsEarnings and revenuesKinder Morgan (KMI) reported its fourth-quarter earnings on January 16 after the markets closed. Kinder Morgan’s adjusted EPS grew ~19% YoY (year-over-year) in the
Kinder Morgan Is Expected to Report Higher Q4 Earnings ## Kinder Morgan’s Q4 results Kinder Morgan (KMI) is scheduled to report its fourth-quarter results on January 16. Analysts expect its fourth-quarter EPS to be $0.26 per share—a rise of 23% YoY (year-over-year) and an 18% sequential rise from Kinder Morgan’s EPS of $0.22 in the third quarter. Kinder Morgan beat its EPS estimates in five of the last nine quarters. Kinder Morgan missed the estimates in two quarters and met the estimates in the other two quarters. The above graph shows Kinder Morgan’s EPS estimates and adjusted EPS during the last nine quarters. Kinder Morgan expects to exceed its DCF (distributable cash flow) guidance of $4.57 billion for 2018. For 2019, Kinder Morgan expects 10% DCF growth compared to 2018. ## Commodity prices WTI crude oil prices averaged $60 per barrel in the fourth quarter—lower by an average of $10 per barrel compared to the third quarter. However, the prices were higher compared to an average of $55 per barrel in the same quarter the previous year. Henry Hub natural gas prices averaged $3.8 per MMBtu (million British thermal units) in the fourth quarter—compared to an average of $2.9 per MMBtu in the third quarter of 2018 and the fourth quarter of 2017. Stronger gas prices should have supported Kinder Morgan’s fourth-quarter earnings. Plains All American Pipeline (PAA) is scheduled to release its fourth-quarter results on February 5. ONEOK (OKE) is expected to report its results in the last week of February. Williams Companies (WMB) is expected to report its earnings around February 13. Kinder Morgan accounts for ~2.9% of the Energy Select Sector SPDR ETF (XLE)—an energy ETF representing the S&P 500 Index’s energy sector. Continue to Next Part Browse this series on Market Realist: * Part 2 - Kinder Morgan’s Q4 Revenues Are Expected to Rise * Part 3 - Natural Gas Pipelines Might Drive Kinder Morgan’s Growth * Part 4 - Will Kinder Morgan’s Fourth-Quarter Results Support Its Stock?
Plains All American Pipeline, L.P. and Plains GP Holdings announced they will release fourth-quarter and full-year 2018 earnings after market close on Tues
Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) today announced their quarterly distributions with respect to the fourth quarter of 2018. PAA announced a quarterly cash distribution of $0.30 per common unit ($1.20 per unit on an annualized basis), which is unchanged from the distribution paid in November 2018. PAGP announced a corresponding quarterly cash distribution of $0.30 per Class A share ($1.20 per Class A share on an annualized basis), which is unchanged from the distribution paid in November 2018.
How Analysts View the Top MLPs at the Beginning of 2019 (Continued from Prior Part) ## Plains All American Pipeline Plains All American Pipeline (PAA) stock offers an upside potential of 21% compared to the median target price of $28.2. Currently, Plains All American Pipeline is trading at $23.3. Among the 24 analysts that track Plains All American Pipeline, six analysts recommended a “strong buy,” 11 recommended a “buy,” and seven recommended a “hold.” ## Valuation Plains All American Pipeline is trading at an EV-to-EBITDA multiple of 10.0x, which is lower than its peers’ average. The five-year historical average valuation is close to 15x. Analysts expect earnings growth of 11% from Plains All American Pipeline in 2019—higher than many of its bigger peers. Plains All American Pipeline appears to have an attractive valuation compared to its historical average and its estimated earnings growth. Plains All American Pipeline offers a distribution yield of 5.3%, which is lower than MLPs’ (AMLP) average of 8.6%. Plains All American slashed its quarterly dividend twice in the last two years to finance its expansion projects. Analysts have given ONEOK (OKE) a median target price of $71.3 compared to its current market price of $57.6, which implies an estimated upside of ~24% going forward. ONEOK is trading at a forward valuation of 12.3x, which is higher than its peers’ average. Continue to Next Part Browse this series on Market Realist: * Part 1 - How Analysts View the Top MLPs at the Beginning of 2019 * Part 2 - Enterprise Products Partners: Analysts Are Positive * Part 4 - Magellan Midstream Partners Stock: What to Expect
Currently, Matador (MTDR) transports 65% of its oil production from the Wolf and Rustler Breaks asset areas in the Delaware Basin, courtesy of commissioning of the Rustler Breaks Pipeline System.
Buckeye (BPL) to utilize $450 million from the sale of its package of domestic pipeline and terminal assets for the repayment of its revolving credit facility.
On December 7–14, midstream stock Enable Midstream Partners (ENBL) gained the most on our list of energy stocks. The Alerian MLP ETF (AMLP) was the only gainer among major energy subsector ETFs during this period, which we discussed in the previous part.
Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) today announced that Alexandra Pruner has been appointed to serve as an independent member of the Board of Directors and Audit Committee of PAA GP Holdings LLC (“GP Holdings”). “We are pleased to welcome Alie to our Board,” said CEO Willie Chiang. “She has extensive experience in the energy industry from a variety of perspectives, and her strong finance and investment banking background is a good fit with our board.
Oil markets appeared to have given up all hope of a production cut deal, but at the last possible minute OPEC+ came through and oil prices spiked
High-yield stocks are great, but income investors need to understand what big dividends are all about. Here are five facts you need to know.
Soaring oil production in Texas has not only crashed oil prices, it has also driven the price of associated gas to below zero in some parts of the prolific Permian basin
Plains All American's (PAA) capital investment strategy and focus on expanding its current businesses along with new pipelines' projects are likely to boost the stock performance.
Investors need to pay close attention to Plains All American (PAA) stock based on the movements in the options market lately.
MPLX (MPLX) is trading at an attractive yield of ~7.5%. The company’s coverage ratio for the third quarter was 1.47x. With a healthy coverage and conservative leverage, MPLX’s yield looks attractive. MPLX had impressive earnings growth over the years, driven by drop-down assets from parent Marathon Petroleum (MPC). The company reported strong volume growth in the third quarter of 2018.