Pipeline company Kinder Morgan Canada Ltd. said May 9 it would continue as a stand-alone entity, following a strategic review that considered options including a sale.

The company said its decision was consistent with the recommendation of a special committee of independent directors not affiliated with Kinder Morgan Inc., which holds about 70% majority voting interest in the Canadian entity.

RELATED: Kinder Morgan Hires Firm To Sell Remaining Canadian Business, Sources Say

Kinder Morgan Inc. said in October that it was exploring all options for Kinder Morgan Canada, as it saw a sellers' market for the Canadian company's assets.

Kinder Morgan Canada highlighted its infrastructure operations across western Canada, underpinned by multiyear take-or-pay contracts, and stable cash flows for its decision to remain independent.

Kinder Morgan Canada said it expects adjusted core earnings of about $213 million and distributable cash flow from continuing operations of about $109 million in 2019.

The company said it plans to invest about $32 million in expansion projects, in line with its budget.

Onshore