Kinder Morgan Generates $4.7 Billion of Distributable Cash Flow for 2015

Kinder Morgan's (KMI) Buy Rating Maintained at Deutsche Bank Following Q4 Results

Deutsche Bank maintained a Buy rating on Kinder Morgan (NYSE: KMI) with a price target of $19. Comments follow the release of Q4 results. Analyst Kristina Kazarian noted stronger than expected DCF and said fundamentals are solid.

"KMI released solid 4Q15 results after the close yesterday. Adj EBITDA was $1.98b vs. consensus of $1.90b and DCF of $1.23 beat our estimate of $1.10b. Importantly, leverage ticked down to 5.6x, in-line... More

Cutting Kinder Morgan (KMI) Estimates But Closer to a Ratings Upgrade - UBS

UBS analyst, Shneur Gershuni, cut estimates on Kinder Morgan (NYSE: KMI) after it announced a 22% ($0.9B) reduction to 2016 growth capex to $3.3B from $4.2B. However, CapEx for 2016 and beyond is expected to be completely funded from internal cash flow which is an incremental positive. Also, this change is likely to lead to multiples that are closer to a debt... More

Kinder Morgan (KMI) Lowers Quarterly Dividend 75.5% to $0.125; 4.1% Yield

Kinder Morgan (NYSE: KMI) declared a quarterly dividend of $0.125 per share, or $0.5 annualized. This is a 75.5% decrease from the prior dividend of $0.51.

The dividend will be payable on February 15, 2016, to stockholders of record on February 1, 2016, with an ex-dividend date of January 28, 2016.

The... More

Kinder Morgan (KMI) Reports In-Line Q4 DCF, Offers Outlook

Kinder Morgan (NYSE: KMI) reported adjusted Q4 DCF of $0.55, in-line with the analyst estimate of $0.55. Revenue for the quarter came in at $3.64 billion versus the consensus estimate of $3.9 billion.

Consistent with KMI's 2016 guidance provided on Dec. 8, 2015, KMI expects to declare dividends of $0.50 per share for 2016 and use cash in excess of dividend payments to fully fund growth investments.

2016 Outlook

On Dec. 8, 2015, KMI issued its preliminary financial projections for 2016.... More