BRIEF-Kinder Morgan Q2 earnings per share $0.15
4:44 PM ET, 07/19/2017 - Reuters
July 19 (Reuters) - Kinder Morgan Inc:
* Kinder morgan announces expected 60% dividend increase for 2018 and projects 25% annual dividend growth from 2018 through 2020
* Q2 earnings per share $0.15
* Q2 earnings per share view $0.15 -- Thomson Reuters I/B/E/S
* Kinder morgan inc says expects to declare dividends of $0.50 per share for 2017
* Kinder morgan inc says expect to continue to fund all growth capital through operating cash flows with no need for external funding for growth capital at kmi
* Kinder morgan inc - "current project backlog is $12.2 billion, up from $11.7 billion at end of q1"
* Kinder morgan inc - kmi announced expects to declare an annual dividend of $0.80 per share for 2018, a 60 percent increase from expected 2017 dividend
* Kinder morgan inc - company plans to increase its dividend to $1.00 per share in 2019 and $1.25 per share in 2020, a growth rate of 25 percent annually
* Kinder morgan inc - qtrly revenue $3,368 million versus. $3,144 million last year
* Kinder morgan - as result of ipo of canadian assets, kmi now expects to end year with a net debt-to-adjusted ebitda ratio of approximately 5.2 times
* Kinder morgan inc - as a result of successful ipo of its canadian assets, kmi now expects to end year with growth capital investment of $3.1 billion
* Qtrly natural gas transport volumes were up 3 percent compared to q2 of 2016
* Kinder morgan -natural gas pipelines segment's performance for q2 of 2017 relative to q2 of 2016 was impacted by q3 2016 sale of a 50 percent interest in sng
* Kinder morgan inc - as result of ipo of its canadian assets, kmi now expects to end year with dcf less than 1 percent below budget
* Qtrly natural gas gathered volumes were down 11 percent from q2 of 2016
* Kinder morgan inc - combined gross oil production volumes averaged 52.8 mbbl/d for q2, down 4 percent from 55.3 mbbl/d for same period last year
* Kinder morgan inc - kinder morgan canada contributions were down 7 percent in q2 of 2017 compared to q2 of 2016
* Kinder morgan inc qtrly basic and diluted earnings per common class p share $0.15 Source text for Eikon: Further company coverage:
"Then there was a woman, a lion of a woman."
