January 18, 2018 / 9:10 AM / a year ago

BUZZ-Street View: "A good quarter to close 2017" for Kinder Morgan

** Kinder Morgan Inc reported fourth-quarter adjusted earnings per share and revenue above Street expectations on Wednesday

** Also Kinder Morgan Canada said that start-up of its Canadian Trans Mountain oil pipeline expansion would be delayed by three months to Dec. 2020

WAITING FOR MORE DETAILS AT KMI’S ANALYST DAY

** Morgan Stanley (rating: “overweight,” PT:$24) says KMI had “a good quarter to close 2017”

** KMI’s initial commentary suggests tax reform impact on interstate gas pipelines is limited but issue is very complex- MS

** Attention now turns to KMI’s analyst day on Jan. 24th which will most likely be highly descriptive, says MS

** Barclays (rating: “market weight”) says KMI has adequate free cash flow to repurchase shares without negatively affecting credit metrics

** “Although planned startup of Trans Mountain expansion project was pushed back by 3 months, we think that investors will focus more on near-term deliverables” - Barclays

** RBC (rating: “sector perform,” PT: $22) expects additional budget details and incremental commentary around the Trans Mountain expansion project at KMI’s analyst day (Reporting by Brijesh Patel in Bengaluru)

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