Kinder Morgan's (KMI) Buy Rating Maintained at Deutsche Bank Following Q4 Results
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Go back to Kinder Morgan's (KMI) Buy Rating Maintained at Deutsche Bank Following Q4 Results
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
January 20, 2016 4:09 PM EST
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
