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Re: Jdoggg post# 906

Friday, 01/25/2019 8:49:31 AM

Friday, January 25, 2019 8:49:31 AM

Post# of 1014
After clarifying comments from management, it appears Kinder Morgan will actually be free cash flow positive this year.

It turns out that $0.6 billion of Kinder Morgan's 2019 growth capex budget is for retiring JV-level debt.

Using cash to pay down debt isn't the same as growth capex, and the headline budget number obfuscates that point.

Great news for its dividend and its fundamentals.

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