Core Viewpoint - NGPL PipeCo LLC has received the necessary consents from holders of its Senior Notes to amend the terms of the Indentures related to the 2027 and 2031 Notes, allowing for a significant transaction involving the sale of a 25% interest in NGPL Holdings LLC to ArcLight Capital Partners, LLC [1][4][5] Group 1: Consent and Amendments - The Company announced that consents were validly delivered exceeding the requisite threshold for the Proposed Amendments to the Indentures for both Series of Notes [3] - The Proposed Amendments will redefine "Change of Control" in the Indentures, ensuring that the upcoming Transaction will not trigger a Change of Control under the Indentures [5] - A supplemental indenture will be executed for each Series of Notes to formalize the Proposed Amendments, which will become enforceable upon execution but will not be operative until the consent fee is paid [5] Group 2: Transaction Details - The Transaction involves Brookfield Infrastructure US Holdings I selling its 25% interest in NGPL Holdings to ArcLight, with both ArcLight and Kinder Morgan, Inc. having equal rights to elect 50% of the board members post-transaction [4] - Upon completion of the Transaction, ArcLight funds will hold a 62.5% economic interest in NGPL Holdings, while Kinder Morgan will retain a 37.5% economic interest and continue to operate the pipeline assets [4] - The Transaction is anticipated to close in the second quarter of 2025, subject to customary closing conditions [4] Group 3: Company Overview - NGPL PipeCo LLC is a Delaware limited liability company and the issuer of the Senior Notes, with its subsidiary being a major transporter of natural gas in the Chicago area and across the U.S. [10] - The subsidiary operates approximately 9,100 miles of pipeline and has significant natural gas storage capacity, providing access to major supply basins [10] - Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America, operating extensive pipeline and terminal networks [12]

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MPLX: MPLX's midstream business comprises transporting crude oil and refined products. Thus, the partnership generates stable cash flows from its long-term contracts with the shippers. The partnership's crude oil and natural gas gathering systems also generate stable fee-based revenues. The Williams Companies: It is well-poised to capitalize on the mounting demand for clean energy since it is engaged in transporting, storing, gathering and processing natural gas and natural gas liquids. 3 Stocks Less Vulner ...

NEW YORK, March 31, 2025 /PRNewswire/ -- NGPL PipeCo LLC, a Delaware limited liability company (the "Company"), has announced that it has commenced solicitations of consents (each, a "Consent Solicitation") from holders ("Holders") of the Company's 4.875% Senior Notes due 2027 (the "2027 Notes") and 3.250% Senior Notes due 2031 (the "2031 Notes" and, together with the 2027 Notes, the "Notes" and each a "Series of Notes") to certain amendments (the "Proposed Amendments") to the Indenture, dated as of August ...

Company Overview - Kinder Morgan (KMI) currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Price Performance - Over the past week, KMI shares increased by 3.06%, outperforming the Zacks Oil and Gas - Production and Pipelines industry, which rose by 1.72% [5] - In a longer time frame, KMI's shares have risen by 10.46% over the past month, compared to the industry's 8.42% [5] - Over the last quarter, KMI shares increased by 5.22%, and over the past year, they surged by 60.97%, while the S&P 500 saw movements of -4.08% and 12.14%, respectively [6] Trading Volume - KMI's average 20-day trading volume is 12,995,383 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, four earnings estimates for KMI have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $1.25 to $1.28 [9] - For the next fiscal year, three estimates have also moved upwards, with no downward revisions noted [9] Conclusion - Considering the positive price performance, trading volume, and favorable earnings outlook, KMI is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]

Company Performance - Kinder Morgan (KMI) closed at $28.83, with a +0.42% change from the previous day, outperforming the S&P 500's 0.16% gain [1] - The stock has risen by 8.46% in the past month, while the Oils-Energy sector gained 1.79% and the S&P 500 lost 3.59% [1] Upcoming Earnings - Kinder Morgan is projected to report earnings of $0.35 per share, representing year-over-year growth of 2.94% [2] - The consensus estimate for revenue is $4.14 billion, indicating a 7.66% increase compared to the same quarter last year [2] Full Year Estimates - Analysts expect earnings of $1.28 per share and revenue of $16.4 billion for the full year, marking changes of +11.3% and +8.64% respectively from last year [3] Analyst Estimates - Recent changes to analyst estimates reflect shifting business dynamics, with positive revisions indicating optimism about the company's profitability [4] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 stocks have generated an average annual return of +25% since 1988 [6] - Kinder Morgan currently holds a Zacks Rank of 3 (Hold), with a 1.97% upward shift in the consensus EPS estimate over the past month [6] Valuation Metrics - Kinder Morgan has a Forward P/E ratio of 22.47, which is a premium compared to the industry average of 18.02 [7] - The company holds a PEG ratio of 3.26, while the Oil and Gas - Production and Pipelines industry had an average PEG ratio of 2.91 [8] Industry Context - The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector, which has a Zacks Industry Rank of 78, placing it in the top 32% of over 250 industries [9]

Company Overview - Kinder Morgan, Inc. (KMI) is positioned as an intriguing investment choice within the Oil and Gas - Production and Pipelines sector due to solid earnings estimate revisions and favorable industry ranking [1][3]. - The company has experienced positive earnings estimate revisions over the past month, indicating a more bullish outlook from analysts regarding its short and long-term prospects [3]. Industry Analysis - The Oil and Gas - Production and Pipelines industry currently holds a Zacks Industry Rank of 68 out of more than 250 industries, suggesting a strong position relative to other sectors [2]. - A rising trend in this industry is likely benefiting multiple securities, indicating broad positive movements within the segment [2]. Earnings Estimates - Current quarter earnings estimates for Kinder Morgan have increased from 32 cents per share to 34 cents per share, while current year estimates have shifted from a loss of $1.25 per share to a loss of $1.27 per share [4]. - The company holds a Zacks Rank 3 (Hold), which is considered a favorable signal for potential investors [4]. Investment Consideration - Given the strong industry performance and solid estimate revisions, Kinder Morgan is recommended as a compelling option for investors seeking opportunities in a robust industry segment [5].

Market Overview - The S&P 500 has experienced a sell-off, dropping more than 10% from its peak, with many individual stocks declining even further [1] Dividend Stocks - Falling stock prices have increased dividend yields, making it an opportune time to invest in high-quality dividend stocks [2] - Kinder Morgan, NextEra Energy, and Prologis have all seen declines of over 13% from their recent peaks, making them attractive for dividend investors [2][10] Kinder Morgan - Kinder Morgan's stock has decreased just over 13%, raising its dividend yield to 4.3%, significantly higher than the S&P 500's 1.3% [3] - The company plans to increase its dividend by 2% this year, marking the eighth consecutive year of dividend growth [3] - Kinder Morgan generates substantial excess free cash flow after dividends, allowing for investments in expansion, including a recent $640 million acquisition in North Dakota and $5 billion in new pipeline projects [4] NextEra Energy - NextEra Energy's stock has fallen nearly 14%, resulting in a dividend yield of 3.1% [5] - The company has a strong track record of dividend growth, having increased its payout for 30 consecutive years at a 10% compound annual growth rate over the past 20 years [5] - NextEra Energy is heavily investing in renewable energy capacity, which is expected to support adjusted earnings growth within its 6% to 8% annual target range through 2027 [6] Prologis - Prologis' stock has declined 15.5%, increasing its dividend yield to 3.6% [7] - The company has achieved a 13% compound annual growth rate in dividends over the past five years, significantly outpacing the S&P 500 and average REIT growth rates [7] - Prologis benefits from strong demand for logistics real estate driven by e-commerce growth, allowing for rent increases and investment in new development projects, including data centers [8]

Group 1: Industry Overview - Higher-yielding dividend stocks are typically slower-growing companies that pay out a significant percentage of cash flow in dividends due to limited attractive growth opportunities [1] - The pipeline industry has experienced slowed growth in recent years but is now seeing a resurgence in demand, leading to increased investment rates and potential for faster growth [2] Group 2: Kinder Morgan Insights - Kinder Morgan has added $5 billion in new large-scale natural gas pipeline projects, with a backlog now at $8.1 billion, a 60% increase over the past quarter [4] - The company anticipates that these investments will drive earnings growth, allowing for an acceleration in dividend growth starting in 2027 [5] - CEO Kim Dang projects an overall growth in the natural gas business of approximately 28 billion cubic feet per day by 2030, compared to last year's U.S. gas consumption of 110 billion cubic feet per day [7] Group 3: Williams Insights - Williams offers a higher dividend yield of 3.5% and has been increasing its payout at about 5% annually over the past five years [8] - The company has announced a $1.6 billion investment in a new gas-powered project, which will increase its 2025 growth capital project budget to between $2.6 billion and $2.9 billion [10] - Williams has a backlog of projects expected to enter service through the end of the decade and has 30 potential projects under development, representing $11.8 billion in investment potential through 2032 [10] Group 4: Future Outlook - The resurgence in natural gas demand is expected to accelerate growth for pipeline companies like Kinder Morgan and Williams, enabling them to grow their high-yielding dividends more rapidly in the future [12]

Core Viewpoint - Kinder Morgan's recent earnings report showed a decline in both earnings and revenues, leading to a negative trend in share performance, underperforming the S&P 500 [1][2]. Financial Performance - The fourth-quarter adjusted earnings per share were 32 cents, missing the Zacks Consensus Estimate of 33 cents, but improved from 28 cents in the prior-year quarter [2]. - Total quarterly revenues were $3.99 billion, missing the Zacks Consensus Estimate of $4.16 billion, and decreased from $4.04 billion in the prior-year quarter [2]. Key Drivers of Performance - The lower-than-expected earnings were attributed to decreased volumes on certain systems, asset divestitures, and lower crude, CO2, and NGL volumes [3]. Segmental Analysis - **Natural Gas Pipelines**: Adjusted EBDA increased to $1.44 billion from $1.33 billion year-over-year, benefiting from higher contributions from the Texas Intrastate system and STX Midstream acquisition, though partially offset by lower contributions from gathering systems [4]. - **Product Pipelines**: EBDA rose to $302 million from $278 million year-over-year, driven by higher rates and refined product volume increases of 2%, while crude and condensate volumes fell by 5% [5]. - **Terminals**: Generated quarterly EBDA of $282 million, up from $266 million year-over-year, due to higher rates from the Jones Act tanker fleet and increased contributions from expansion projects [6]. - **CO2**: EBDA decreased to $162 million from $170 million year-over-year, primarily due to asset divestitures and lower volumes [7]. Operational Highlights - Operations and maintenance expenses totaled $761 million, up from $745 million year-over-year, while total operating costs fell to $2,879 million from $2,937 million [8]. Distributable Cash Flow - Fourth-quarter DCF was $1.26 billion compared to $1.17 billion a year ago [9]. Balance Sheet - As of December 31, 2024, cash and cash equivalents were reported at $88 million, with long-term debt amounting to $29.8 billion [10]. Guidance - For 2025, Kinder Morgan projects net income of $2.8 billion (up 8% from 2024), adjusted EPS of $1.27 (up 10%), and dividends of $1.17 per share (up 2%) [12]. - Expected budgeted Adjusted EBITDA is $8.3 billion, up 4% from the previous year, with a Net Debt-to-Adjusted EBITDA ratio forecasted at 3.8x [13]. Estimates and Outlook - Estimates have trended downward over the past month, with a Zacks Rank of 3 (Hold), indicating an expectation of in-line returns in the coming months [14][16].