Kinder Morgan Declares Dividend of $0.125 for Second Quarter 2016
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Kinder Morgan (KMI) Reports In-Line Q2 EPS; Offers FY16 Outlook
July 20, 2016 5:24 PM EDTKinder Morgan (NYSE: KMI) reported Q2 EPS of $0.15, in-line with the analyst estimate of $0.15. Revenue for the quarter came in at $3.14 billion versus the consensus estimate of $3.45 billion.
DCF was $0.47 per share, from $0.50 per share in the same period last year.
2016 Outlook
For 2016, KMI expects to declare dividends of $0.50 per share. For 2016, KMI's budgeted distributable cash flow was approximately $4.7 billion and budgeted Adjusted EBITDA was approximately $7.5 billion. Consistent with the updated guidance provided last quarter, the company continues to expect Adjusted EBITDA to be... More
