Kinder Morgan swings to loss on $1.15 billion charge

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Go back to Kinder Morgan swings to loss on $1.15 billion charge

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

January 21, 2016 9:33 AM EST

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