Kinder Morgan (KMI) Tops Q1 EPS by 36c

Kinder Morgan (NYSE: KMI) reported Q1 EPS of $0.60, $0.36 better than the analyst estimate of $0.24. Revenue for the quarter came in at $5.21 billion versus the consensus estimate of $3.02 billion.

2021 Outlook:

For 2021, KMI now expects to generate net income attributable to KMI in a range of $2.7 billion to $2.9 billion, declared dividends of $1.08 per share, a 3% increase from the 2020 declared dividends, DCF in a range of $5.1 billion to $5.3 billion, and Adjusted EBITDA in a range of $7.6 billion to $7.7 billion. KMI also now expects to end 2021 with a Net Debt-to-Adjusted EBITDA ratio in a range of 3.9 to 4.0.

As of March 31, 2021, we had over $3.9 billion of borrowing capacity under our $4 billion credit facility and over $1.3 billion in cash and cash equivalents. We believe this borrowing capacity, current cash on hand, and our cash from operations are more than adequate to allow us to manage our cash requirements, including maturing debt, through 2021.

For earnings history and earnings-related data on Kinder Morgan (KMI) click here.

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