A Compelling Investment Opportunity
KMI: A Compelling Investment Opportunity
Strategically-positioned assets generating substantial cash flow with attractive investment opportunities
Pacific
Ruby
KM Midstream
Double H
Cochin
KINDER MORGAN
~90% take-or-pay or fee-based earnings (a)
~$8 billion 2019B Adjusted EBITDA(b)
5% current dividend yield
Northern
Calnev
Mojave
EPNG
TCGT
WIC
CIG
CP
NGPL
Cortez
KM Midstream
FEP
Utopia
TGP
Plantation
Elba Express
► 25% dividend increase in 2020
SNG
SLNG
Pacific
MEP
Sierrita
Wink
KM Midstream
KMLP
PHP
(Underway)
GLNG
FGT
GCX
Under Constr.)
Cypress
KMCC/
Double Eagle
CFPL
► Highly-aligned management (15% stake)
Active stock buyback program
Market sentiment may change, but we'll stay focused on making money for our shareholders
Note: See Non-GAAP Financial Measures and Reconciliations.
a) Based on 2019B Segment EBDA before Certain Items plus JV DD&A.
b) Please refer to "KMI: 2019 Guidance - Published Budget" for more detail.
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