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Kinder Morgan Canada Ltd. is rolling in the dough after its August sale of the Trans Mountain pipeline.
The company posted its third-quarter financial numbers today and it’s reporting an income of $1.35 billion.
Of that, $1.308 billion is from the sale of its Trans Mountain pipeline and expansion project to the Government of Canada.
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That number is the final tally, net of tax, from the $4.5 billion deal that was finalized on Aug. 31.
Kinder Morgan Canada also reports it had a third-quarter income from continuing operations of $22.2 million, up from $9.8 million in the third-quarter of 2017.
The company’s quarterly revenue was $94.3 million, up from $85.9 million in the same period last year.
Kinder Morgan Canada still has a number of valuable assets in Western Canada beyond the Trans Mountain Pipeline.
That includes a network of crude tank storage and rail terminals in Alberta, the Vancouver Wharves Terminal and the Cochin Pipeline system, which transports light oil from the U.S. to Edmonton.
The energy infrastructure company trades on the Toronto Stock Exchange and is 70% owned by Houston-based Kinder Morgan Inc.
With files from the Canadian Press.