Kinder Morgan to buy RNG developer Kinetrex Energy in $310M deal

  • Kinder Morgan (NYSE:KMI) agrees to acquire renewable natural gas developer Kinetrex Energy from an affiliate of Parallel49 Equity for $310M.
  • Kinetrex owns a 50% stake in the largest renewable natural gas facility in Indiana, and has signed commercial agreements to begin construction on three additional landfill-based RNG facilities.
  • Once operational next year, the four sites are expected to produce more than 4B cf/year of RNG.
  • Kinder Morgan sees the acquisition becoming accretive to shareholders as the three RNG facilities become operational over the next 18 months, and says the purchase price and additional development capex represents less than 6x expected 2023 EBITDA.

    Over the current book year the company from Houston's total revenue could be around 14.65 billion USD (consensus estimates). This is quite more than 2021's revenue of 11.7 billion USD.

    Historical revenues and results Kinder Morgan plus estimates 2021

    historische koersen

    The analysts expect for 2021 a net profit of 2.69 billion USD. Most of the analysts anticipate on a profit per share of 1.26 USD. Based on this the price/earnings-ratio is 13.79.

    Huge dividend Kinder Morgan

    Per share the analysts expect a dividend of 1.08 USD per share. The dividend yield is then 6.21 percent. The average dividend yield of the oil & gas producers is a good 3 percent.

    Kinder Morgan 's market value equals around 39.36 billion . 32

    Historical stock prices Kinder Morgan past 10 years

    fundamental data kindermorgan

    On Friday the stock closed at 17.38 USD. Nieuwsdienst: +31 084-0032-842

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