Articles from Kinder Morgan, Inc.

Kinder Morgan, Inc.’s (NYSEKMI) board of directors today approved a cash dividend of $0.2875 per share for the fourth quarter ($1.15 annualized), payable on February 18, 2025, to stockholders of record as of the close of business on February 3, 2025. This dividend is a 2% increase over the fourth quarter of 2023.

Kinder Morgan, Inc. (NYSEKMI) today announced it will release fourth quarter 2024 earnings results on Wednesday, January 22, 2025, after market close and will hold a live webcast and conference call.

Kinder Morgan, Inc. (NYSEKMI) today announced that its subsidiary, Hiland Partners Holdings LLC, has agreed to purchase a natural gas gathering and processing system in North Dakota from Outrigger Energy II LLC for $640 million. The acquisition includes a 270 million cubic feet per day (MMcf/d) processing facility and a 104-mile, large-diameter, high-pressure rich gas gathering header pipeline with 350 MMcf/d of capacity connecting supplies from the Williston Basin area to high-demand markets. The gathering and processing system is backed by long-term contracts with commitments from major customers in the basin.

Tennessee Gas Pipeline, L.L.C. (TGP), a subsidiary of Kinder Morgan, Inc. (NYSEKMI), today announced its decision to proceed with its Mississippi Crossing Project (MSX Project) after securing long-term, binding transportation agreements with customers for all the capacity.

Kinder Morgan, Inc. (NYSEKMI) today announced its preliminary 2025 financial projections. “We expect 4% growth from 2024 in Adjusted EBITDA and 8% growth in Adjusted EPS due to growth projects in all our business segments, but most prominently in Natural Gas Pipelines and Energy Transition Ventures,” said Kim Dang, KMI Chief Executive Officer.

Kinder Morgan, Inc.’s (NYSEKMI) board of directors today approved a cash dividend of $0.2875 per share for the third quarter ($1.15 annualized), payable on November 15, 2024 to stockholders of record as of the close of business on October 31, 2024. This dividend is a 2% increase over the third quarter of 2023.

Kinder Morgan, Inc. (NYSEKMI) today announced it will release third quarter 2024 earnings results on Wednesday, October 16, 2024, after market close and will hold a live webcast and conference call.

Kinder Morgan, Inc. (NYSEKMI) announced today the publication of its 2023 Sustainability Report.

Kinder Morgan, Inc.’s (NYSEKMI) board of directors today approved a cash dividend of $0.2875 per share for the second quarter ($1.15 annualized), payable on August 15, 2024 to stockholders of record as of the close of business on July 31, 2024. This dividend is a 2% increase over the second quarter of 2023.

Kinder Morgan, Inc. (NYSEKMI) today announced it will release second quarter 2024 earnings results on Wednesday, July 17, 2024 after market close and will hold a live webcast and conference call.

Kinder Morgan, Inc.’s (NYSEKMI) board of directors today approved a cash dividend of $0.2875 per share for the first quarter ($1.15 annualized), payable on May 15, 2024, to stockholders of record as of the close of business on April 30, 2024. This dividend is a 2% increase over the first quarter of 2023.

Kinder Morgan, Inc. (NYSEKMI) today announced it will release first quarter 2024 earnings results on Wednesday, April 17, 2024 after market close and will hold a live webcast and conference call.

Kinder Morgan, Inc. (NYSEKMI) today announced that its board of directors has nominated Amy W. Chronis to stand for election as a director at its annual meeting of stockholders on May 8, 2024.

Representatives of Kinder Morgan, Inc. (KMI) intend to make presentations in Houston, Texas on January 24, 2024 at the Kinder Morgan 2024 Investor Day regarding the company’s strategy and long-term outlook, the results for fiscal year 2023 and the financial budget for 2024.

Kinder Morgan, Inc.’s (NYSEKMI) board of directors today approved a cash dividend of $0.2825 per share for the fourth quarter ($1.13 annualized), payable on February 15, 2024, to stockholders of record as of the close of business on January 31, 2024. This dividend is a 2% increase over the fourth quarter of 2022.

Kinder Morgan, Inc. (NYSEKMI) today announced it will release fourth quarter 2023 earnings results on Wednesday, January 17, 2024 after market close and will hold a live webcast and conference call.

Kinder Morgan, Inc. (NYSEKMI) today closed on its previously announced $1.815 billion acquisition of NextEra Energy Partners’ South Texas assets (STX Midstream), which includes a set of integrated, large diameter high pressure natural gas pipeline systems that connect the Eagle Ford basin to key growing Mexico and Gulf Coast demand markets. The acquisition includes a 90% interest in the NET Mexico pipeline (MGI Enterprises, a PEMEX affiliate, owns the other 10%), Eagle Ford Midstream and a 50% interest in Dos Caminos LLC (Howard Energy Partners (HEP) owns the remaining 50% and will continue to operate the pipeline). Dos Caminos recently placed in service a 62-mile pipeline connecting HEP’s existing midstream pipeline and facilities in Webb County, Texas to KMI’s new Eagle Ford pipeline, which was placed in service on November 1, 2023. This portfolio of assets is highly contracted, with an average contract length of over 8 years. Approximately 75% of the business is supported by take-or-pay contracts.

Kinder Morgan, Inc. (NYSEKMI) today announced its preliminary 2024 financial projections. “We expect 5% growth across the board in 2024 in Adjusted EBITDA, distributable cash flow (DCF) and DCF per share due to growth projects in all our business segments, but most prominently in Natural Gas Pipelines and Energy Transition Ventures, as well as from contract rate escalations in our Products Pipelines and Terminals business segments,” said Kim Dang, KMI Chief Executive Officer. “It is important to note that the company’s budget does not include the recently announced acquisition of NextEra Energy Partners’ STX Midstream assets which we expect would have a positive impact on the metrics above.

Kinder Morgan, Inc. (NYSEKMI) today announced that it has agreed to acquire NextEra Energy Partner’s South Texas assets, STX Midstream, for $1.815 billion. The STX Midstream pipeline system includes a set of integrated, large diameter high pressure natural gas pipelines that connect the Eagle Ford basin to key growing Mexico and Gulf Coast demand markets. STX Midstream includes a 90% interest in the NET Mexico pipeline; MGI Enterprises, a PEMEX affiliate, owns the other 10%. STX Midstream owns and operates Eagle Ford Midstream, a 158-mile residue line connecting the Eagle Ford basin to the Agua Dulce Hub in Nueces County, Texas. Eagle Ford Midstream is connected to multiple pipeline systems, including KMI’s Tennessee Gas Pipeline, Kinder Morgan Tejas Pipeline and Natural Gas Pipeline Company of America. STX Midstream also owns a 50% interest in Dos Caminos LLC, which is operated by, and the other 50% interest owned by, Howard Energy Partners (HEP). Dos Caminos has placed in service a 62-mile pipeline that connects HEP’s existing midstream pipeline and facilities in Webb County, Texas to KMI’s new Eagle Ford pipeline, which was recently placed in service. The portfolio of assets is highly contracted, with an average contract length over 8 years. Approximately 75% of the business is supported by take-or-pay contracts.

Kinder Morgan, Inc.’s (NYSEKMI) board of directors today approved a cash dividend of $0.2825 per share for the third quarter ($1.13 annualized), payable on November 15, 2023, to stockholders of record as of the close of business on October 31, 2023. This dividend is a 2% increase over the third quarter of 2022.

Kinder Morgan, Inc. (NYSEKMI) today announced it will release third quarter 2023 earnings results on Wednesday, October 18, 2023 after market close and will hold a live webcast and conference call.

Kinder Morgan, Inc. (NYSEKMI) announced today the publication of its 2022 Environmental, Social, and Governance (ESG) Report. The report highlights an approximate 2.6% decrease in KMI’s operational Scope 1 emissions and a continued decrease in the percentage of methane emissions that contribute to overall Scope 1 emissions. It also indicates KMI’s efforts toward methane intensity reduction by expanding its annual leak detection surveys to include 100% of its natural gas gathering and boosting compressor stations. Also outlined is the company’s investment in two renewable diesel hubs in California, a renewable feedstock storage and logistics hub in Harvey, Louisiana and its growing renewable natural gas platform. The 2022 report also includes new or expanded disclosures to evaluate decarbonizing the company’s larger greenhouse gas emission sources, climate related lobbying and trade association alignment, and metrics related to the percentage of female or minority employees.

Kinder Morgan, Inc.’s (NYSEKMI) board of directors today approved a cash dividend of $0.2825 per share for the second quarter ($1.13 annualized), payable on August 15, 2023, to stockholders of record as of the close of business on July 31, 2023. This dividend is a 2% increase over the second quarter of 2022.

Kinder Morgan, Inc. (NYSEKMI) today announced it will release second quarter 2023 earnings results on Wednesday, July 19, 2023 after market close and will hold a live webcast and conference call.

Kinder Morgan, Inc. (NYSEKMI) today announced its plan to expand the working gas storage capacity at its Markham Storage facility (Markham) in Matagorda County along the Texas Gulf Coast. KMI has reached an agreement with Underground Services Markham, LLC, a subsidiary of Texas Brine Company LLC, to lease an additional cavern at Markham to provide more than 6 billion cubic feet (Bcf) of incremental working gas storage capacity and 650 million cubic feet per day (MMcf/d) of incremental withdrawal capacity on KMI’s extensive Texas intrastate pipeline system. Anchor shippers have subscribed to approximately half of the available capacity under long-term agreements, and commercial in-service for the project is expected in January 2024.

Kinder Morgan, Inc. (NYSEKMI) today announced the commercial in-service of its renewable feedstock storage and logistics hub project with Neste, a leading provider of renewable diesel and sustainable aviation fuel. Neste will store a variety of raw materials like used cooking oil, which it collects from more than 80,000 restaurants across the United States, at Kinder Morgan’s Harvey Terminal in Harvey, Louisiana to be used as feedstock in the production of renewable fuels and plastics. Enhancements to rail, truck and marine infrastructure have also been made at the facility to meet the modal flexibility requirements of Neste’s feedstock supply chain.

Kinder Morgan, Inc.’s (NYSEKMI) board of directors today approved a cash dividend of $0.2825 per share for the first quarter ($1.13 annualized), payable on May 15, 2023, to stockholders of record as of the close of business on May 1, 2023. This dividend is a 2% increase over the first quarter of 2022.

Kinder Morgan, Inc. (NYSEKMI) today announced it will release first quarter 2023 earnings results on Wednesday, April 19, 2023 after market close and will hold a live webcast and conference call.

Kinder Morgan, Inc. (NYSEKMI) today announced the full commercial in-service of its Southern and Northern California renewable diesel (RD) hub projects. RD is an alternative fuel that allows trucks, trains and any equipment that uses diesel to operate with significantly lower life-cycle emissions. Now in full operation, Kinder Morgan’s RD hubs are the most efficient and least carbon intensive method of transporting this lower emissions fuel from the Los Angeles refinery basin to San Diego and the Inland Empire and from the San Francisco Bay area to Sacramento, San Jose and Fresno. The initial phases of both hubs are fully subscribed with customer commitments.

CORRECTION ON TIME: Second paragraph, third sentence of release should read: Live presentations are scheduled to begin at 9 a.m. CT, and an archived webcast will remain available for at least 90 days on KMI’s website at the above address. (instead of Live presentations are scheduled to begin at 8 a.m. CT, and an archived webcast will remain available for at least 90 days on KMI’s website at the above address).

Kinder Morgan, Inc.’s (NYSEKMI) board of directors today approved a cash dividend of $0.2775 per share for the fourth quarter ($1.11 annualized), payable on February 15, 2023, to stockholders of record as of the close of business on January 31, 2023. This dividend is a 3% increase over the fourth quarter of 2021.

Kinder Morgan, Inc. (NYSEKMI) today announced it will release fourth quarter 2022 earnings results on Wednesday, January 18, 2023 after market close and will hold a live webcast and conference call.

Kinder Morgan, Inc. (NYSEKMI) today announced its preliminary 2023 financial projections. “We expect 2023 to be another very good year for Kinder Morgan, with strong market fundamentals, continued robust growth in demand for existing and expanded natural gas transportation, storage, and gathering and processing; and continued demand for refined products midstream services and investments in our Energy Transition Ventures business,” said Steve Kean, KMI Chief Executive Officer. “Those results will be offset by the higher interest rate environment we expect in 2023. We anticipate generating net income attributable to KMI per share of $1.12, flat to our year-end 2022 forecast of $1.12 per share, with Adjusted EBITDA up 3% from 2022 at $7.7 billion, compared to the 2022 forecast of $7.5 billion. We anticipate total segment EBDA of $8.2 billion, up 5% compared to the 2022 forecast. We also expect to end 2023 with a Net Debt-to-Adjusted EBITDA ratio of 4.0 times, well below our long-term target of 4.5 times.”

Kinder Morgan, Inc.’s (NYSEKMI) board of directors today approved a cash dividend of $0.2775 per share for the third quarter ($1.11 annualized), payable on November 15, 2022, to stockholders of record as of the close of business on October 31, 2022. This dividend is a 3% increase over the third quarter of 2021.

Kinder Morgan, Inc. (NYSEKMI) today announced it will release third quarter 2022 earnings results on Wednesday, October 19, 2022 after market close and will hold a live webcast and conference call.

Kinder Morgan, Inc. (NYSEKMI) today announced that it has closed on the sale of a 25.5% equity interest out of its membership interest in Elba Liquefaction Company, L.L.C. (ELC) to an undisclosed financial buyer for approximately $565 million, subject to customary purchase price adjustments to reflect an economic effective date of July 1, 2022. These proceeds will reduce short-term debt and create additional capacity for attractive investments, including opportunistic share repurchases. The value of the equity interest implies an enterprise value of approximately $2.3 billion for ELC, which is approximately 13 times 2022E EBITDA. Upon closing, KMI and the undisclosed financial buyer will each hold a 25.5% interest and Blackstone Credit will continue to hold a 49% interest in ELC. Bracewell LLP served as legal advisor to KMI for this transaction. The ELC joint venture was formed in 2017 to construct and own the 10 modular liquefaction units in operation at Elba Island. KMI will continue to operate the facility.

Kinder Morgan, Inc. (NYSEKMI) today announced it has closed on the acquisition of North American Natural Resources, Inc. (NANR) and its sister companies, North American Biofuels, LLC and North American-Central, LLC. The $135 million acquisition in combined purchase price and related transaction costs includes seven landfill gas-to-power facilities in Michigan and Kentucky.

Kinder Morgan, Inc. (NYSEKMI) announced today the publication of its 2021 Environmental, Social and Governance (ESG) report. This report is being issued three months earlier than in prior years to provide stakeholders earlier access to the company’s ESG information. The 2021 report includes a new section describing KMI’s programs related to community engagement on energy and environmental justice. It also provides new metrics detailing the amount the company pays in property taxes each year and the percentage of female and minority employees who completed leadership training. An updated scenario analysis, that aligns with the Task Force on Climate-related Financial Disclosures guidelines, is now available as well as company-wide Scope 1 and Scope 2 greenhouse gas (GHG) emissions and emissions intensity. The emissions data includes both operational control and equity share, two types of reporting boundaries that are used to disclose GHG data.

Kinder Morgan, Inc.’s (NYSEKMI) board of directors today approved a cash dividend of $0.2775 per share for the second quarter ($1.11 annualized), payable on August 15, 2022, to stockholders of record as of the close of business on August 1, 2022. This dividend is a 3% increase over the second quarter of 2021.

Kinder Morgan, Inc. (NYSEKMI) today announced it will release second quarter 2022 earnings results on Wednesday, July 20, 2022 after market close and will hold a live webcast and conference call.

Tennessee Gas Pipeline Company, L.L.C. (TGP), a subsidiary of Kinder Morgan, Inc. (NYSEKMI) today received approval for its producer certified gas (PCG), or responsibly sourced gas (RSG), aggregation pooling service from the Federal Energy Regulatory Commission (FERC). The PCG aggregation pooling service is now available at all pooling points across the TGP system. PCG is conventional natural gas sourced from production facilities that have been certified by a qualified third party to meet certain environmental, social and governance standards that typically focus on management practices for methane emissions, water usage and community relations. The service is designed to enable shippers on TGP to purchase and sell PCG supply at non-physical pooling locations, ultimately serving end-users, utilities, power plants and LNG facilities connected to the TGP system.

Permian Highway Pipeline, LLC (PHP) today announced a final investment decision (FID) to proceed with its expansion project after securing binding firm transportation agreements for all available capacity.

Gulf Coast Express Pipeline LLC (GCX) today announced an open season to solicit commitments for an expansion project on its system. Upon achieving a final investment decision (FID), the project will increase GCX’s capacity by nearly 570 million cubic feet per day (MMcf/d).

Permian Highway Pipeline, LLC (PHP) today announced a binding open season to solicit commitments for an expansion project on its system. Upon achieving a final investment decision (FID), the project will increase PHP’s capacity by nearly 650 million cubic feet per day (MMcf/d). A foundation shipper has already executed long-term binding transportation agreements for half of this expansion capacity.

Kinder Morgan, Inc. (NYSEKMI) today announced that it has joined a collaboration with Cheniere Energy, Inc. NYSE: LNGNYSELNG)

Kinder Morgan, Inc.’s (NYSEKMI) board of directors today approved a cash dividend of $0.2775 per share for the first quarter ($1.11 annualized), payable on May 16, 2022, to stockholders of record as of the close of business on May 2, 2022. This dividend is a 3% increase over the first quarter of 2021 and marks the fifth consecutive annual increase.

Kinder Morgan, Inc. (NYSEKMI) today announced it will release first quarter 2022 earnings results on Wednesday, April 20, 2022 after market close and will hold a live webcast and conference call.

Kinder Morgan, Inc. (NYSEKMI) today announced the receipt of the necessary commercial commitments to move forward with the permitting and construction of a renewable diesel hub in Southern California. Once constructed, the Southern California renewable diesel hub will enable customers to aggregate renewable diesel batches (R99) in the Los Angeles area and move them on SFPP, L.P.’s pipeline system to the high demand markets in Colton (inland Empire) and Mission Valley (San Diego), California, creating up to 20,000 barrels per day (bpd) of blended diesel throughput capacity at its truck racks with the ability to expand in the future. This Southern California renewable diesel hub, and the previously announced Northern California renewable diesel hub, collectively represent an investment by KMI of over $50 million in the distribution of renewable fuels in California, just over half of which was contemplated in the 2022 budget.

Representatives of Kinder Morgan, Inc. (KMI) intend to make presentations in Houston, Texas on January 26, 2022 at the Kinder Morgan 2022 Investor Day regarding the results for fiscal year 2021, the near-term outlook for 2022, as well as the long-term outlook for KMI.

Kinder Morgan, Inc.’s (NYSEKMI) board of directors today approved a cash dividend of $0.27 per share for the fourth quarter ($1.08 annualized), payable on February 15, 2022, to stockholders of record as of the close of business on January 31, 2022. This dividend is a 3% increase over the fourth quarter of 2020.

Kinder Morgan, Inc. (NYSEKMI) today announced it will release fourth quarter 2021 earnings results on Wednesday, January 19, 2022 after market close and will hold a live webcast and conference call.

Tennessee Gas Pipeline (TGP), a subsidiary of Kinder Morgan, Inc. (NYSEKMI) today filed with the Federal Energy Regulatory Commission (FERC) a proposal to implement a responsibly sourced natural gas (RSG) supply aggregation pooling service at select locations across the TGP system. RSG is third-party certified natural gas that meets certain environmental, social and governance standards, particularly related to methane emission reductions. The proposed service is designed to enable suppliers and customers on TGP to purchase and sell RSG supply at non-physical trading locations, ultimately serving end-users, utilities, power plants and LNG facilities connected to the TGP system. Producers who have already obtained RSG certifications from qualified third-party organizations are anticipated to supply the RSG needed for the proposed pooling service, and the supply is expected to grow as RSG becomes the fuel of choice among customers. Pending regulatory approval from the FERC, this service is expected to be available in the first quarter of 2022.

Kinder Morgan, Inc. (NYSEKMI) today announced its preliminary 2022 financial projections. “We expect 2021 to be a record year for Kinder Morgan financially, attributable to our outperformance related to winter storm Uri in the first quarter, along with solid project execution across our business units, and two important acquisitions. Our strong performance is also reflected in our debt metric, as we expect to end the year with a Net Debt-to-Adjusted EBITDA ratio of 4.0 times, much better than our budgeted ratio of 4.6 times,” said Steve Kean, KMI chief executive officer.

Kinder Morgan, Inc. (NYSEKMI) announced today the publication of its 2020 Environmental, Social and Governance (ESG) report. This report further enhances the company’s ESG disclosure by including company-wide Scope 1 and Scope 2 GHG emissions and GHG emissions intensity, fulfilling its commitment in the 2017 ESG Report to report this data by 2021. The 2020 report also includes KMI’s procurement-related spend with diverse suppliers and expands the disclosure of other metrics such as water usage and contractor safety.

Kinder Morgan, Inc.’s (NYSEKMI) board of directors today approved a cash dividend of $0.27 per share for the third quarter ($1.08 annualized), payable on November 15, 2021, to stockholders of record as of the close of business on November 1, 2021. This dividend represents a 3% increase over the third quarter of 2020.

Kinder Morgan, Inc. (NYSEKMI) today announced it will release third quarter 2021 earnings results on Wednesday, October 20, 2021.

Kinetrex Energy, a Kinder Morgan, Inc. (NYSEKMI) company and Wabash Valley Power Alliance (WVPA) today announced they have started construction activities for three previously announced renewable natural gas (RNG) facilities in Indiana. The three sites are located at the Twin Bridges Landfill in Danville, the Prairie View Landfill in Wyatt and the Liberty Landfill in Monticello. Upon completion, they are expected to produce a total of 3.5 billion cubic feet of RNG each year. Commercial operations are expected to begin in the fall of 2022, pending required permits and certifications.

Tennessee Gas Pipeline (TGP), a subsidiary of Kinder Morgan, Inc. (NYSEKMI), and Southwestern Energy Company NYSE: SWNNYSESWN)

Kinder Morgan, Inc. (NYSEKMI) today closed on its previously announced acquisition of Kinetrex Energy. The $310 million acquisition includes two small-scale, domestic LNG production and fueling facilities, a 50% interest in a landfill-based renewable natural gas (RNG) facility in Indiana, and signed commercial agreements for three additional RNG facilities with construction to begin shortly. Kinetrex is the leading supplier of liquefied natural gas (LNG) in the Midwest and a rapidly growing player in producing and supplying RNG under long-term contracts to transportation service providers. The company will continue operations as Kinetrex Energy, a Kinder Morgan company.

Kinder Morgan, Inc.’s (NYSEKMI) board of directors today approved a cash dividend of $0.27 per share for the second quarter ($1.08 annualized), payable on August 16, 2021, to stockholders of record as of the close of business on August 2, 2021. This dividend represents a 3% increase over the second quarter of 2020.

Kinder Morgan, Inc. (NYSEKMI) today announced it has agreed to acquire Indianapolis-based Kinetrex Energy from an affiliate of Parallel49 Equity. Kinetrex is the leading supplier of liquefied natural gas (LNG) in the Midwest and a rapidly growing player in producing and supplying renewable natural gas (RNG) under long-term contracts to transportation service providers.

Kinder Morgan, Inc. (NYSEKMI) today announced it will release second quarter 2021 earnings results on Wednesday, July 21, 2021.

Kinder Morgan, Inc. (NYSEKMI) today closed on its previously announced acquisition of the business of Stagecoach Gas Services LLC (Stagecoach). The Stagecoach assets include 4 natural gas storage facilities with a total FERC-certificated working gas capacity of 41 billion cubic feet and a network of FERC-regulated natural gas transportation pipelines with multiple interconnects to major interstate natural gas pipelines, including Tennessee Gas Pipeline (TGP), a KMI subsidiary.

Kinder Morgan, Inc. (NYSEKMI) today announced that it has agreed to acquire Stagecoach Gas Services LLC (Stagecoach), a natural gas pipeline and storage joint venture between Consolidated Edison, Inc. NYSE: EDNYSEED)(NYSE: CEQPNYSECEQP. Stagecoach consists of 4 natural gas storage facilities with a total FERC-certificated working gas capacity of 41 billion cubic feet and 185 miles of natural gas pipelines with multiple interconnects to major interstate natural gas pipelines, including Tennessee Gas Pipeline (TGP), a KMI subsidiary. The transaction requires regulatory approval under Hart-Scott-Rodino, and it is expected to close in the third quarter of 2021.

Kinder Morgan, Inc.’s (NYSEKMI) board of directors today approved a cash dividend of $0.27 per share for the first quarter ($1.08 annualized), payable on May 17, 2021, to stockholders of record as of the close of business on April 30, 2021. This dividend represents a 3% increase over the fourth quarter of 2020.

Kinder Morgan, Inc. (NYSEKMI) today announced it will release first quarter 2021 earnings results on Wednesday, April 21, 2021.