Kinder Morgan Increases Dividend Five Percent and Announces Results for First Quarter of 2020
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SunTrust Reiterates Buy Rating on Kinder Morgan (KMI) Following 1Q Miss
April 23, 2020 7:37 AM EDTSunTrust analyst Tristan Richardson reiterated a Buy rating and $18.00 price target on Kinder Morgan (NYSE: KMI) following the company's 1Q miss.
Kinder lowered its initial 2020 financial expectations, now targeting EBITDA of ~$7.0b vs $7.6b previously (vs the Street's $7.3b) and DCF of... More
Kinder Morgan (KMI) Tops Q1 EPS by 28c
April 22, 2020 4:11 PM EDTKinder Morgan (NYSE: KMI) reported Q1 EPS of $0.55, $0.28 better than the analyst estimate of $0.27. Revenue for the quarter came in at $3.1 billion versus the consensus estimate of $3.41 billion.
2020 Outlook
For 2020, KMIs budget contemplated DCF of approximately $5.1 billion ($2.24 per common share) and Adjusted EBITDA of approximately $7.6 billion. Because of the COVID-19 pandemic-related reduced energy demand and the sharp decline in commodity prices, the company now expects DCF to be below plan by approximately 10 percent and Adjusted EBITDA to be below plan by approximately 8 percent. As a result, KMI now expects to... More
