Kinder Morgan Declares $0.25 Per Share Dividend and Announces Results for Third Quarter of 2019
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Kinder Morgan (KMI) Misses Q3 EPS by 2c
October 16, 2019 4:06 PM EDTKinder Morgan (NYSE: KMI) reported Q3 EPS of $0.22, $0.02 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $3.21 billion versus the consensus estimate of $3.45 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 currently estimated to be approximately 3 percent below budget, primarily due to the delay in Elbas in-service date, lower commodity prices and volumes impacting the CO2 segment, and the impact of 501-G settlements, partially offset by the... More
