Kinder Morgan Canada Ltd (KMLGF) 10-Q Quarterly Report April 2018

- The Kinder Morgan Canada Limited (TSX: KML) board of directors has declared a dividend for the first quarter of 2018 of $0.1625 per restricted voting share ($0.65 annualized), payable on May 15, 2018, to restricted voting shareholders of record as of April 30, 2018. KML's restricted voting share dividends are eligible dividends for Canadian income tax purposes.

"KML had a strong first quarter due to its diverse portfolio of fee-based assets and resilient cash flows," said KML Board Chairman and CEO Steve Kean. KML reported first quarter net income of $44.4 million, slightly down from $46.8 million in the first quarter of 2017; and distributable cash flow (DCF) of $77.0 million, down 8 percent from the comparable period in 2017. DCF for the quarter benefited from greater contributions from the Pipelines segment and lower interest expense versus the first quarter of 2017, offset by increases in cash taxes and sustaining capital expenditures, as well as the payment of preferred share dividends compared to the previous period. Net income was further impacted by a reduction (to zero) in Certain Items in the period. Certain Items in the first quarter of 2017 resulted from currency fluctuations on U.S. dollar denominated intercompany loans with Kinder Morgan, Inc., that were settled in connection with the KML initial public offering. Please refer to “About KML” below for a description of KML’s minority interest in its assets.

In the first quarter, KML generated earnings per restricted voting share of $0.10, and produced DCF of $0.21 per restricted voting share relative to our declared $0.1625 per

The following information was filed by Kinder Morgan Canada Ltd (KMLGF) on Wednesday, April 18, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Kinder Morgan Canada Ltd's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

Voting Procedures
Board Members
Executive Team
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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

Kinder Morgan Canada Ltd provided additional information to their SEC Filing as exhibits

Exhibit 10.1: Material Contract

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: KMLGF
CIK: 1714973
Form Type: 10-Q Quarterly Report
Accession Number: 0001714973-18-000020
Submitted to the SEC: Wed Apr 25 2018 4:24:02 PM EST
Accepted by the SEC: Wed Apr 25 2018
Period: Saturday, March 31, 2018
Industry: Pipe Lines No Natural Gas

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Kinder Morgan Canada Ltd (KMLGF) SEC Filing 10-Q Quarterly report for the period ending Saturday, March 31, 2018

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