8-KRegulation FDExhibits & Filings

KINDER MORGAN, INC. 8-K Report, Regulation FD Disclosure (Jul 11, 2016)

Filed July 11, 2016For Securities:KMIEP-PC

Summary

Kinder Morgan, Inc. (KMI) announced a significant strategic venture with The Southern Company on July 10, 2016, via a joint press release. This agreement involves KMI selling a 50% equity interest in its subsidiary, Southern Natural Gas Company, L.L.C., to Southern Company. This transaction marks a key partnership aimed at leveraging the strengths of both companies in the natural gas sector. Investors should note that this 8-K filing is primarily for Regulation FD disclosure and includes the press releases detailing this transaction. A webcast conference call was scheduled for July 11, 2016, to further discuss the details of this strategic alliance. The divestiture of a 50% stake in Southern Natural Gas Company indicates a move by KMI to potentially generate capital and focus on other strategic priorities, while securing a strong partner for a significant asset.

Key Highlights

  • 1Kinder Morgan (KMI) entered into a definitive agreement with The Southern Company.
  • 2KMI will sell a 50% equity interest in Southern Natural Gas Company, L.L.C. to Southern Company.
  • 3This represents a strategic venture between the two energy companies.
  • 4The announcement was made via a joint press release filed on July 10, 2016.
  • 5A webcast conference call was scheduled for July 11, 2016, to discuss the transaction.
  • 6The filing is primarily a Regulation FD disclosure, with the press releases as exhibits.

Frequently Asked Questions

The main purpose of this 8-K filing is to disclose a material event under Regulation FD, specifically announcing a strategic venture and a definitive agreement where Kinder Morgan is selling a 50% equity interest in Southern Natural Gas Company, L.L.C. to The Southern Company.

Kinder Morgan is selling a 50% equity interest in its subsidiary, Southern Natural Gas Company, L.L.C., to The Southern Company.

The transaction was announced via a joint press release on July 10, 2016. Kinder Morgan also announced a webcast conference call scheduled for July 11, 2016, to discuss the details of the transaction.

While the specific financial terms are not detailed in this 8-K, the sale of a 50% stake in a significant asset like Southern Natural Gas Company likely aims to generate capital for Kinder Morgan, potentially reduce debt, or allow for greater strategic focus on other areas of its business. Investors would look to subsequent filings for precise financial details and the use of proceeds.