Kinder Morgan Announces $0.2625 Per Share Dividend and Results for Second Quarter Of 2020
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Kinder Morgan (KMI) Tops Q2 EPS by 27c
July 22, 2020 4:10 PM EDTKinder Morgan (NYSE: KMI) reported Q2 EPS of $0.44, $0.27 better than the analyst estimate of $0.17. Revenue for the quarter came in at $2.56 billion versus the consensus estimate of $2.89 billion.
2020 Outlook
For 2020, KMIs original budget contemplated DCF of approximately $5.1 billion ($2.24 per common share) and Adjusted EBITDA of approximately $7.6 billion. Because of the pandemic-related reduced energy demand and the sharp decline in commodity prices, the company now expects DCF to be below plan by slightly more than 10 percent and Adjusted EBITDA to be below plan by slightly more than 8... More



