Kinder Morgan EPS beats by $0.04, beats on revenue • 4:07 PM
Kinder Morgan (NYSE:KMI): Q2 Non-GAAP EPS of $0.23 beats by $0.04; GAAP EPS of -$0.34 misses by $0.53.
Revenue of $3.15B (+23.0% Y/Y) beats by $250M.
For 2021, KMI now expects to generate net income attributable to KMI of $1.7 billion and declare dividends of $1.08 per share, a 3% increase from the 2020 declared dividends.
KMI expects to meet or exceed the top end of the range provided last quarter for DCF and Adjusted EBITDA.
We currently anticipate generating 2021 DCF of $5.4 billion and Adjusted EBITDA of $7.9 billion.
KMI also now expects to end 2021 with a Net Debt-to-Adjusted EBITDA ratio of 4.0. - This is freaking great. It only took 5 years to get it done. Now they have to RE-build the dividend.
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