From: E_K_S | 12/3/2018 6:45:27 PM | | | | Kinder Morgan sees 10% growth in distributable cash flow next year to $5B Dec. 3, 2018 5:15 PM ET|About: Kinder Morgan, Inc. (KMI)|By: Carl Surran, SA News Editor
Kinder Morgan (NYSE: KMI) announces preliminary 2019 financial projections, including expectations of ~10% growth in distributable cash flow to $5B, supported by a ~$6.5B backlog.
KMI says it expects to generate $2.20/share in DCF and $7.8B of adjusted EBITDA, up a respective 7% and 4% vs. its 2018 budget, despite the sale of the Trans Mountain asset during 2018.
KMI also plans to invest $3.1B in expansion projects and contributions to joint ventures in 2019, and expects to use internally generated cash flow to fully fund its 2019 dividend payment as well as the vast majority of its 2019 discretionary spending, with no need to access equity markets.
The company also envisions ending 2019 with a 4.5x net debt-to-adjusted EBITDA ratio |
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To: E_K_S who wrote (57) | 12/18/2018 3:09:08 PM | From: E_K_S | | | Another 25% Buy for KMI at $15.49/share that reflects the completion of my shares sold 9/2018 @ $17.50.
The effective dividend yield is 5.2%.
I have another Buy GTC order in at $14.91/share. KMI now back up to a No 8 portfolio position. This year's Buys also include T a No 7 portfolio position and D (a new position this year) and a No 3 portfolio position.
Good Investing
EKS |
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To: E_K_S who wrote (58) | 12/18/2018 3:57:25 PM | From: robert b furman | | | Great buy E_K_S!
We'll be grinning like a chessie cat when that $1.25 dividend comes to us in 2020.
KMI = my # 2 position now.
The only part of the energy sector where there is a shortage!
AND They have reduced their debt nicely.
Bob |
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To: robert b furman who wrote (59) | 12/18/2018 4:04:55 PM | From: E_K_S | | | With that lawst Buy, I got out of all my high cost $30.shares and replaced them w/ $16.00 avg share cost shares. Maybe get a chance in next 8 trading days to get a few more w/ some tax loss selling.
Have a Merry Christmas and Happy & Healthy New Year
FWIW also made another Buy (4th buy in the last week) of UFNI at $10.09/share as my turn around stock for 2019-2020. Now at a 65% position. Still no rush to Buy shares. But I do try to add every 8%-10% lower.
EKS |
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From: E_K_S | 3/27/2019 3:22:05 PM | | | | Kinder Morgan downgraded at Citigroup on valuation Mar. 27, 2019 3:19 PM ET|About: Kinder Morgan, Inc. (KMI)|By: Carl Surran, SA News Editor
Kinder Morgan ( KMI -0.5%) is downgraded to Neutral from Buy with a $20 price target at Citigroup, which says the stock appears fairly valued after rallying 30% YTD and growth opportunities look balanced against downside risk over the near-term.
Citi analyst Mirek Zak praises KMI's "ability to contract not one but two Permian gas pipelines projects at attractive multiples, thanks to its existing intrastate network, but believe(s) it may be some time before other such organic opportunities of scale materialize."
Zak thinks KMI can deliver a sustainable dividend growth rate in the low-single digits after 2021 but says risks remain about existing assets, contract renegotiations, changes from the Federal Energy Regulatory Commission, tariffs and enhanced oil recovery production levels. |
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To: E_K_S who wrote (61) | 3/27/2019 3:54:02 PM | From: robert b furman | | | Hi E_K_S,
I have finally averaged down to be above my cost by less than a buck.
With both Chevron and EXXON doubling down on the Permian - this will become a solid DGI.
I didn't like the huge return of "non dividend distributions" this year, but that shall correct in time.
I do like the fact I can sell and be at long term capital gains if /when something better comes along.
Thanks for the post update!
Bob |
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From: E_K_S | 8/1/2019 8:50:37 PM | | | | Kinder Morgan's Gulf LNG project wins U.S. approval for exports Aug. 1, 2019 6:58 PM ET|About: Kinder Morgan, Inc. (KMI)|By: Carl Surran, SA News Editor
The U.S. Department of Energy has issued an order approving exports of liquefied natural gas from Kinder Morgan's (NYSE: KMI) Gulf LNG project in Mississippi.
The order gives Gulf LNG permission to export as much as 1.53B cf/day of liquefied natural gas from the Pascagoula, Miss., site.
The facility now has permission to export LNG to non-free trade agreement nations such as China, Japan, South Korea and France where commodity prices are higher than other markets.
If completed, Gulf LNG would become the second LNG export terminal developed by KMI, whose Elba Island facility in Georgia is largely complete but crews are still preparing the facility for production and tanker shipments. |
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To: robert b furman who wrote (64) | 9/25/2019 10:57:14 AM | From: robert b furman | | | One great big accomplishment - Let the free cash flow BEGIN !!
Kinder Morgan starts Gulf Coast Express gas pipeline ahead of schedule Sep. 24, 2019 5:43 PM ET|About: Kinder Morgan, Inc. (KMI)|By: Carl Surran, SA News Editor
Kinder Morgan (NYSE: KMI) says its 448-mile Gulf Coast Express Pipeline from the Permian Basin to the Texas Gulf Coast will be placed into service tomorrow, ahead of schedule.
KMI says the pipeline, which is fully booked under long-term contracts, will move 2B cf/day of natural gas from the Waha hub in west Texas to the Agua Dulce hub in south Texas, where it can either be exported on other pipelines to Mexico or liquefied natural gas export terminals along the Gulf Coast.
KMI is operator of the pipeline and owns a 34% interest; other equity holders include Altus Midstream (NASDAQ: ALTM), DCP Midstream (NYSE: DCP) and an affiliate of Targa Resources (NYSE: TRGP).
Bob |
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