• Sign up for the Daily Digest E-mail
  • Facebook
  • Twitter
  • LinkedIn
Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

Kinder Morgan Canada’s quarterly profit down 5 pct on lower transported volumes

April 18, 20182:49 PM Reuters0 Comments

Kinder Morgan Canada Ltd ,operator of the Trans Mountain pipeline, reported on Wednesdayan 5.1 percent drop in first-quarter profit hurt by a fall involumes of crude oil and refined products transports.

Kinder Morgan Canada, which was spun off from parent KinderMorgan Inc in May last year, reported a net income ofC$44.4 million ($35.17 million) for the first quarter endedMarch 31, down from C$46.8 million for the same period lastyear.

The company, which earlier this month suspended work on itsexpansion of the Trans Mountain pipeline, moved 289,000 barrelsper day (bbl/d) of crude and refined products through thepipeline down from 307,000 (bbl/d) a year earlier.

Texas-based Kinder Morgan separately reported net incomeavailable to common stockholders of $485 million, or 22 centsper share, in the quarter to the end of March, compared with$401 million, or 18 cents per share, a year earlier.

(Reporting by Anirban Paul in Bengaluru and Julie Gordon inVancouverEditing by Lisa Shumaker)

Kinder Morgan Trans Mountain pipeline

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Tourmaline Oil Corp. Announces Inaugural Issuance of Senior Unsecured Notes
  • Birchcliff Energy Ltd. Announces 2021 Capital Program and Updated Five Year Plan
  • Biden to revoke Keystone XL pipeline permit after swearing-in-aides
  • TC Energy disappointed with expected executive action revoking Keystone XL presidential permit
  • Equinor divests stake in Canada oil sands producer Athabasca

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView





    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • CamTrader
    • Rigger Talk
    Data Partner
    • Foxterra
    BOE Network
    © 2021 Grobes Media Inc.