$KMI Kinder Morgan (KMI -1.1%) says it expects U.S. tax changes will result in a one-time $1.4B hit to earnings, citing lower tax rates affecting the value of its deferred tax assets.
But KMI says it will be better off over a 10-year period due to the ability to fully expense capital spending on certain assets, as well as the lower corporate tax rate.
BP said earlier this month that it would take a $1.5B charge due to the new U.S. tax rules while foreseeing a long-term boost from lower corporate rates.
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