Kinder Morgan Declares Dividend of $0.125 for Fourth Quarter 2016
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Kinder Morgan (KMI) Misses Q4 EPS by 11c, Offers Outlook
January 18, 2017 4:09 PM ESTKinder Morgan (NYSE: KMI) reported Q4 EPS of $0.08, $0.11 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $3.39 billion versus the consensus estimate of $3.54 billion.
2017 Outlook
On Dec. 5, 2016, KMI issued its preliminary 2017 financial projections and said it expects to declare dividends of $0.50 per share and to achieve distributable cash flow of approximately $4.46 billion and Adjusted EBITDA of approximately $7.2 billion for the year. KMI also expects to invest $3.2 billion in growth projects during 2017, to be funded with internally generated cash flow... More
