Kinder Morgan Raises Dividend by 25 Percent and Announces Results for First Quarter of 2019
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UPDATE: Kinder Morgan (KMI) Tops Q1 EPS by 1c, Offers Outlook
April 17, 2019 4:08 PM EDT(Updated - April 17, 2019 4:09 PM EDT)
Kinder Morgan (NYSE: KMI) reported Q1 EPS of $0.25, $0.01 better than the analyst estimate of $0.24. Revenue for the quarter came in at $3.43 billion versus the consensus estimate of $3.67 billion.
2019 Outlook
For 2019, KMIs budget contemplates declared dividends of $1.00 per common share, DCF of approximately $5.0 billion ($2.20 per common share) and Adjusted EBITDA of approximately $7.8 billion. Adjusted EBITDA is likely to be slightly below budget while DCF is expected to be on budget as lower interest expense offsets the slightly lower Adjusted EBITDA. KMI budgeted to invest $3.1 billion in growth... More
