Replies to post #983 on Kinder Morgan Inc (KMI)

[FUNMAN]

Since I have pre-2015 shares, the PPS rise can't happen soon or be big enough.

Still waiting on them to raise the dividend as they were forecasting.

Prudent Capitalist Thursday, 06/10/21 10:33:21 AM
Re: FUNMAN post# 977 0
Post # 983 of 983
The Street has $21.68 Price Target for KMI. KMI already trading at 52-week high and above most analysts estimates.

[FUNMAN]

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.