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Stock impact report

Kinder Morgan reports mixed Q2; to move ahead with key pipeline project [Seeking Alpha]

Kinder Morgan, Inc. (KMI) 
Last kinder morgan, inc. earnings: 4/22 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.kindermorgan.com
Company Research Source: Seeking Alpha
Kinder Morgan reports mixed Q2; to move ahead with key pipeline project - Kinder Morgan, Inc. (NYSE:KMI) | Seeking Alpha Energy | Earnings On the Move Kinder Morgan reports mixed Q2; to move ahead with key pipeline project Jul. 17, 2019 6:34 PM ET Kinder Morgan, Inc. (KMI) Carl Surran Kinder Morgan (NYSE: -2% Q2 earnings Q2 distributable cash flow rose 1% from the year-ago quarter to $1.13B while DCF/share came in flat Y/Y at $0.50, with $559M of excess DCF above the declared dividend. KMI's Q2 project backlog was $5.7B, $400M less than Q1, with additions of $400M in new projects offset by $800M in projects placed in service and other project capital adjustments. For 2019, KMI's budget contemplates declared dividends of $1.00/share, DCF of ~$5B ($2.20/share) and adjusted EBITDA of ~$7.8B. KMI expects 2019 adjusted EBITDA to come in slightly below budget, primarily due to the delay in Elba's in-service date, lower natural gas liquids prices affecting the CO2 segment, and the impact Show less Read more
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