Kinder Morgan Generates More Than $1.2 Billion of Distributable Cash Flow for First Quarter 2016
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Kinder Morgan (KMI) Q1 Revenue Falls Short, Offers Outlook
April 20, 2016 4:14 PM EDTKinder Morgan (NYSE: KMI) reported Q1 EPS of $0.12, may not compare to the analyst estimate of $0.19. Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $3.74 billion.
2016 Outlook
For 2016, KMI expects to declare dividends of $0.50 per share. KMI's budgeted distributable cash flow available to common equity holders (i.e., after payment of preferred dividends) is approximately $4.7 billion and budgeted EBITDA is approximately $7.5 billion. Due to continued weakness in the energy sector in 2016, the company now expects EBITDA to be about 3 percent below its plan and distributable cash... More
