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KMI Kinder Morgan Inc

18.65
0.08 (0.43%)
07 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Kinder Morgan Inc NYSE:KMI NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.08 0.43% 18.65 18.77 18.49 18.60 11,963,130 01:00:00

Kinder Morgan Sells Shares In Canadian Pipeline Company

09/01/2020 2:49pm

Dow Jones News


Kinder Morgan (NYSE:KMI)
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By Micah Maidenberg

 

Kinder Morgan Inc. (KMI) said it sold about 25 million shares of Canada-based Pembina Pipeline Corp. (PBA, PPL.T), resulting in after-tax proceeds of $764 million.

The energy infrastructure company said it received the shares in Pembina when that company purchased Kinder Morgan Canada Ltd.

Kinder Morgan will use the funds from the stock sale to pay down debt, according to a statement it released Thursday.

 

Write to Micah Maidenberg at micah.maidenberg@wsj.com

 

(END) Dow Jones Newswires

January 09, 2020 09:34 ET (14:34 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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