Kinder Morgan (KMI) Sees FY18 DCF of $4.57 Billion
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Kinder Morgan Announces 2018 Financial Expectations
December 4, 2017 5:20 PM ESTHOUSTON--(BUSINESS WIRE)-- Kinder Morgan, Inc. (NYSE: KMI) today announced its preliminary 2018 financial projections. Through three tough years for the energy sector, our business has proven robust and resilient, said Steve Kean, KMI President and CEO. For 2018, we expect to generate $4.57 billion of distributable cash flow (DCF).
Below is a summary of KMIs expectations for 2018:
Generate $2.05 DCF per share and $7.5 billion of Adjusted EBITDA, up 3 percent and 4.5 percent, respectively, compared to 2017, primarily due to projects placed into service during 2017 and 2018. Generating that level of DCF, after covering the planned 2018 dividend... More