Kinder Morgan (KMI) Announces Preliminary 2019 Financial Projections
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Kinder Morgan Announces 2019 Financial Expectations
December 3, 2018 4:05 PM ESTHOUSTON--(BUSINESS WIRE)-- Kinder Morgan, Inc. (NYSE: KMI) today announced its preliminary 2019 financial projections. This year has been a very good one for Kinder Morgan and we expect to nicely exceed our budget. In 2019, with our market fundamentals remaining very strong, the Elba Liquefaction Project coming online and Gulf Coast Express entering service, we project continued growth, said Steve Kean, KMI chief executive officer. We expect to generate $5.0 billion of distributable cash flow (DCF) which is approximately a 10 percent increase over our 2018 budgeted DCF. Our growth will continue to be supported by an approximately $6.5 billion... More
