Bloomberg/Bloomberg via Getty Images US investors have to dig and claw to find quality high-yield names. Goldman Sachs reports that the current dividend yield on the S&P 500 is a scant 1.45% as of late February 2024. It could be a sign that the market is getting pricey, though the beaten-down Energy sector trades at a very low forward earnings multiple today. If you do some globe-trotting, though, you will find much higher yields. For investors wishing to boost their domestic portfolio’s income rate, th ...

The most recent trading session ended with Kinder Morgan (KMI) standing at $17.26, reflecting a -0.92% shift from the previouse trading day's closing. This change lagged the S&P 500's 2.11% gain on the day. Meanwhile, the Dow gained 1.18%, and the Nasdaq, a tech-heavy index, added 2.96%.Coming into today, shares of the oil and natural gas pipeline and storage company had gained 3.14% in the past month. In that same time, the Oils-Energy sector gained 6.4%, while the S&P 500 gained 3.08%.The upcoming earning ...

Pipeline Acquisitions and Expansions - Acquired STX Midstream pipeline system for $1,831 million in December 2023, including Eagle Ford Transmission system and interests in NET Mexico Pipeline LLC and Dos Caminos, LLC[13] - Placed TGP East 300 Upgrade in service in 2023, providing 115,000 Dth/d capacity to Con Edison's distribution system[16] - Completed Eagle Ford transport project in November 2023, transporting up to 1.88 Bcf/d of natural gas to Gulf Coast markets at a cost of $231 million[16] - PHP expansion project completed in December 2023, increasing natural gas deliveries by 550,000 Dth/d at a cost of $159 million[16] - Greenholly pipeline expansion completed in August 2023, providing 1.15 Bcf/d capacity at a cost of $125 million[18] - TGP and SNG Evangeline Pass project expected to provide 2 Bcf/d capacity to Plaquemines LNG facility, with first phase in-service date in Q3 2024 and second phase in Q3 2025 at a cost of $673 million[19][20] - TVA Cumberland project expected to transport 0.245 Bcf/d of natural gas to TVA's generation facility, with in-service date in August 2025 at a cost of $181 million[21] - KMTP system expansion expected to deliver 0.5 Bcf/d of natural gas to Texas Gulf Coast and Mexico markets, with in-service date in November 2024 at a cost of $180 million[22][23] - Diamond M expansion expected to result in peak oil production of over 5,000 Bbl/d, with first phase in late 2024 and peak production in 2026 at a cost of $180 million[24] - Central Texas pipeline project includes installation of 22 miles of 30-inch pipeline and is expected to be in-service by Q4 2024 with a cost of $115 million[24] - Tejas South to North expansion project aims to increase natural gas deliveries by approximately 0.35 Bcf/d to Houston markets, expected in-service by Q3 2024 with a cost of $97 million[24] - 3Rivers Offload Phase II project will construct 19 miles of 16-inch pipeline, expected in-service by Q2 2025 with a cost of $96 million[24] Renewable Natural Gas (RNG) Facilities - Constructed three RNG facilities providing approximately 3.5 Bcf of RNG annually, with Twin Bridges and Liberty facilities placed in service in 2023 at a cost of $153 million[16] - The company constructed three additional landfill-based RNG facilities, with Twin Bridges and Liberty placed in service in June and October 2023, respectively, and Prairie expected in December 2023, with a capital scope of $153 million[16] - Twin Bridges RNG facility has a 100% ownership interest with a production capacity of 1.5 Bcf/y[68] Pipeline Ownership and Capacity - SLNG has 100% ownership interest with a design capacity of 1.76 Bcf/d and storage capacity of 12 Bcf[36] - EPNG/Mojave pipeline spans 10,720 miles with a design capacity of 6.39 Bcf/d and storage capacity of 44 Bcf[36] - KM Texas and Tejas pipelines have a combined design capacity of 9.50 Bcf/d and storage capacity of 138 Bcf[36] - Gulf Coast Express pipeline has a 34% ownership interest with a design capacity of 2.00 Bcf/d[36] - PHP pipeline has a 27.74% ownership interest with a design capacity of 2.65 Bcf/d[36] - KM Crude & Condensate pipeline spans 266 miles with a terminal capacity of 2.6 MMBbl[47] - Pacific (SFPP) pipeline spans 2,806 miles with a terminal capacity of 15.9 MMBbl[47] - Liquids terminals have a total capacity of 78.7 MMBbl across 47 locations[52] - Jones Act tankers have a total capacity of 5.3 MMBbl across 16 vessels[52] - The company's Natural Gas Pipelines segment includes approximately 44,000 miles of wholly owned natural gas pipelines and equity interests in entities with 27,000 miles of pipelines[33] - Products Pipelines segment includes 2,806 miles of Pacific (SFPP) pipeline with 99.5% ownership and 15.9 MMBbl terminal capacity[47] - Terminals segment includes 47 liquids terminals with 78.7 MMBbl capacity and 16 Jones Act-qualified tankers with 5.3 MMBbl capacity[52] Contracts and Revenue - Natural gas pipelines derive 74% of sales and transport margins from long-term contracts with a weighted average remaining contract life of 6 years[39] - The weighted average remaining length of service contracts for the liquids terminals business is approximately two years as of December 31, 2023[53] - The bulk terminals business primarily handles petroleum coke, metals, and ores, with contracts often including minimum volume guarantees and service exclusivity arrangements[55] - CO2 source and transportation business has third-party contracts with an average remaining contract life of approximately seven years as of December 31, 2023[69] - No single external customer accounted for 10% or more of the company's total consolidated revenues in 2023, 2022, or 2021[71] - No single customer accounted for 10% or more of total consolidated revenues in 2023, 2022, or 2021[71] Regulatory Compliance - The company's U.S. refined petroleum products and crude oil pipelines are subject to FERC regulation under the Interstate Commerce Act, requiring tariffs to be just and reasonable and nondiscriminatory[77] - Petroleum products and crude oil pipelines can adjust rates within prescribed ceiling levels tied to an inflation index, with shippers able to protest increases if they exceed cost increases[78] - The company's California refined products pipelines are regulated by the CPUC using a depreciated book plant methodology based on original cost investment[79] - Intrastate operations in Texas are regulated by the RCT, which has authority over rates but typically does not investigate without shipper complaints[80] - The company is subject to the Jones Act, which restricts maritime transportation between U.S. points to U.S.-built, registered, owned, and crewed vessels[82] - FERC has authority to impose civil penalties of more than $1.4 million per day per violation[75] - Environmental regulations, including the Clean Air Act and Clean Water Act, impose significant compliance costs and potential liabilities for the company[86][89][90] - The company is subject to CERCLA (Superfund) liability for hazardous substance releases, potentially requiring cleanup costs and natural resource damage compensation[88] - PHMSA pipeline safety regulations require the company to maintain integrity management programs, especially for High Consequence Areas (HCAs)[97] - Climate change regulations, including GHG emission limits, could increase operational costs and impact the company's financial position[93][94][96] - Compliance with environmental regulations could require significant capital expenditures[86] - The company generates hazardous and non-hazardous wastes subject to RCRA and state statutes[87] - Operations are regulated under the Clean Air Act, with EPA requirements for monitoring and controlling greenhouse gas (GHG) emissions, particularly from stationary sources[89] - The Clean Water Act imposes restrictions on pollutant discharges, with spill prevention and control measures required to prevent contamination of navigable waters[90][91] - EPA revisions to National Ambient Air Quality Standards (NAAQS) for ozone lowered the acceptable level from 75 ppb to 70 ppb, impacting compliance and potentially requiring retrofitting of facilities[91][92] - Pipeline safety regulations by PHMSA require integrity management programs, with recent rules expanding requirements for gas and hazardous liquid pipelines, including remote shut-off valves and corrosion control[97][98] - Cybersecurity regulations require the company to implement and maintain comprehensive cybersecurity plans, including incident response and vulnerability assessments[101][102] Financial Activities - In 2023, the company issued $1,500 million of new senior notes and repurchased 32 million shares of Class P common stock for $522 million at an average price of $16.56 per share[25] - The company issued $2,250 million of new senior notes on February 1, 2024, to repay short-term borrowings and fund maturing debt[25] - The company's share repurchase program has approximately $1.5 billion of capacity remaining after repurchasing $522 million worth of shares in 2023[25] CO2 and Oil & Gas Interests - The company owns 45% of the McElmo Dome unit with a compression capacity of 1.5 Bcf/d, 87% of the Doe Canyon Deep unit with 0.2 Bcf/d, and 11% of the Bravo Dome unit with 0.3 Bcf/d[60] - The Cortez CO2 pipeline has a 53% ownership interest, 569 miles of pipeline, and a transport capacity of 1.5 Bcf/d[62] - The Wink crude oil pipeline is 100% owned by the company, with 434 miles of pipeline and a transport capacity of 145 MBbl/d[62] - The SACROC oil and gas field has a 97% working interest and 50,316 gross developed acres[63] - Oil and gas producing interests include 97% ownership of SACROC field with 50,316 gross developed acres and 50% ownership of Yates field with 9,676 gross developed acres[63] - Gas plant interests include 22% ownership of Snyder gas plant and 51% ownership of Diamond M gas plant[66] - LNG Indy has a 100% ownership interest with a production capacity of 2 Bcf[68] - Southeast Berrien GTE facility has a 100% ownership interest with a generation capacity of 4.8 mW/h[68] - CO segment contracts have an average remaining contract life of approximately seven years as of December 31, 2023[69] - The company's CO2 business competes with suppliers owning McElmo Dome, Bravo Dome, and Sheep Mountain CO2 resources[70] Employee and Safety Information - The company employed 10,891 full-time personnel as of December 31, 2023, including 891 full-time hourly personnel covered by collective bargaining agreements expiring between 2024 and 2028[103] - The company's 2023 company-wide Total Recordable Incident Rate (TRIR) was 0.8, with a goal to improve from 1.0 in 2019 to 0.7 by 2024[105] - Employee safety performance targets include achieving a company-wide TRIR of 0.7 by 2024, down from 1.0 in 2019[105] - The company’s compensation program is linked to strategic objectives, including environmental, safety, and compliance targets, with competitive base salaries and benefits[108] Land and Rights-of-Way - The company generally does not own the land on which its pipelines are constructed, instead obtaining and maintaining rights to construct and operate pipelines on other people's land under perpetual or renewable agreements[110] - Substantially all pipelines are constructed on rights-of-way granted by the apparent record owners of the property, with majority owner signatures obtained in most cases[110] - Permits have been obtained from public authorities to cross or lay facilities in water courses, roads, and highways, some of which are revocable or require periodic payments[110] - Permits from railroad companies to run along or cross lands or rights-of-way are also revocable in many cases[110] - In a few minor cases, the company has purchased property for pipeline purposes[110] Reporting and Disclosure - The company provides free access to its annual reports (Form 10-K), quarterly reports (Form 10-Q), and current reports (Form 8-K) on its website[111] - Reports are made available as soon as reasonably practicable after being filed with or furnished to the SEC[111] - The SEC maintains a website with electronic filings, reports, and information for issuers[111] - Information on the company’s website is not incorporated by reference into its Form 10-K or other SEC filings[111] Hedging and Market Risk - The company uses energy commodity derivative contracts to hedge market risks, subject to Dodd-Frank Act regulations on OTC derivatives[85] - The company uses energy commodity derivative contracts to hedge exposure to energy commodity market risk[85]

Artificial intelligence (AI) is a multi-trillion-dollar megatrend. According to an estimate by PwC, AI has the potential to provide a $15.7 trillion boost to the global economy by the end of this decade. That's more than the current economic output of India and China combined. To reach its full potential, AI requires two crucial components: computing power and electricity. While most investors are currently focusing on the first aspect (e.g., semiconductors), many don't yet realize the importance of power. ...

Investors looking to create a seven-figure portfolio should probably own a diversified list of stocks. While capital growth should be a key focus, there's also a place for high-yield investments in the mix. But should 6.8%-yielding Kinder Morgan (KMI 1.02%) be on your buy list? There's a good reason to believe that this midstream giant won't be a millionaire maker anytime soon. And the dividend history here suggests that those considering buying it might be better off elsewhere.What does Kinder Morgan do?Si ...

If you pay even cursory attention to the news, you know that solar and wind power are increasingly important power sources. You probably also know that carbon fuels like oil and natural gas aren't held in high regard because of the emissions they produce. Kinder Morgan (KMI -1.69%) points out that these dynamics are unlikely to spell the end of oil anytime soon. Here's what you need to know.Kinder Morgan is an important industry service providerKinder Morgan is known as a midstream company. It basically own ...

Growth has been hard to come by for Kinder Morgan (KMI 0.64%) in recent years. Its distributable cash flow (DCF) dipped 4% per share last year and has been uneven over the past few years because of a variety of headwinds. However, the company expects its DCF per share to grow by around 8% this year. Meanwhile, it's very bullish on future growth. One of the biggest catalysts fueling that optimism is the expansion it sees ahead for the U.S. natural gas market. That bodes well for the company's ability to cont ...

Energy stock Kinder Morgan (KMI 0.64%) has a 6.5% dividend yield, which is well above the 1.4% you'd collect from an S&P 500 index fund. The investment-grade midstream giant has increased its dividend annually since 2018. There are clear reasons to like the stock, but that doesn't mean investors should buy it over other options.Here's why Kinder Morgan may not be the best dividend stock for you.Kinder Morgan should be a boring businessKinder Morgan is a midstream company, which means it owns pipelines, stor ...

NextEra Energy Partners (NEP -1.34%) currently offers a monster dividend yield (nearly 12%). Usually, a yield that high suggests a company is at a high risk of reducing its payout. While that's certainly still a possibility, the clean energy infrastructure company continues to push its big-time payout even higher.Here's a look at what's powering the company's ability to increase its dividend and whether that can continue.A solid year despite the turbulenceNextEra Energy Partners recently closed the books on ...

Kinder Morgan (KMI 2.60%) currently makes most of its money supporting the natural gas market (64% of its current business mix is natural gas-related). However, the company has a meaningful carbon dioxide segment (10% of its earnings). That business could grow into a much larger future contributor for the midstream giant. Fueling that view is the potentially massive opportunity for carbon capture and storage, which oil major ExxonMobil (XOM 2.54%) forecasts will grow into a $4 trillion global market by 2050 ...