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Friday, 01/25/2019 8:58:47 AM

Friday, January 25, 2019 8:58:47 AM

Post# of 1016
Kinder Morgan, Inc. (NYSE:KMI) just provided the market with a crucial update on its financial trajectory, operational goals, and market outlook. What really stood out to me was the detailed commentary regarding its 2019 capital expenditure budget, as its cash flow position is significantly stronger than it initially appeared. As things stand today, it looks like KMI will be organically free cash flow positive (defined as distributable cash flow exceeding growth capital expenditures and dividends) yet again this year (after being so last year). That has very positive wide-ranging implications for the company, especially as Kinder Morgan plans to boost its yield from 4.6% to 5.7% (based on where KMI is trading as of this writing). Let's dig in.
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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