Kinder Morgan (NYSE: KMI) reported Q4 EPS of $0.27, $0.03 better than the analyst estimate of $0.24. Revenue for the quarter came in at $3.12 billion versus the consensus estimate of $3.05 billion.

GUIDANCE:

• Kinder Morgan sees FY2021 EPS of $0.92, versus the consensus of $0.89.

For 2021, KMI’s budget contemplates $2.1 billion in net income attributable to KMI, or $0.92 earnings per share, declared dividends of $1.08 per share, a 3% increase from the 2020 declared dividends, DCF of approximately $4.4 billion ($1.95 per share), and Adjusted EBITDA of approximately $6.8 billion. KMI also expects to invest $0.8 billion in expansion projects and contributions to joint ventures during 2021. KMI expects to generate $1.2 billion of DCF in excess of discretionary expenditures and dividend payments. KMI also expects to end 2021 with a Net Debt-to-Adjusted EBITDA ratio of approximately 4.6 times.

As of December 31, 2020, we had over $3.9 billion of borrowing capacity under our $4 billion credit facility and nearly $1.2 billion in cash and cash equivalents. We believe this borrowing capacity, current cash on hand, and our cash from operations are more than adequate to allow us to manage our cash requirements, including maturing debt, through 2021.

For earnings history and earnings-related data on Kinder Morgan (KMI) click here.