KMI: 2020 Guidance - Published Budget
KMI: 2020 Guidance - Published Budget
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KINDER MORGAN
Key Metrics
Adjusted EBITDA
2020 Budget
$7.6 billion
Distributable Cash Flow
$5.1 billion
DCF per Share
$2.24
Growth from 2019 despite sale of Cochin
and KML with proceeds being used to pay
down debt
Returning additional value to shareholders
via dividend increase
$2.4 billion
Historically in the $2-3bn range
Plan to use internally
generated cash flow to
fully fund dividend
payment & almost all
discretionary spending.
No need to access equity
markets.
Dividend per Share
$1.25
Discretionary Capital(a)
Year-end Net Debt / Adj. EBITDA
4.3x
Below 4.5x long-term target, providing
attractive financial flexibility
Note: See Non-GAAP Financial Measures and Reconciliations.
a) Includes growth capital and JV contributions for expansion capital, debt repayments, and net of partner contributions for our consolidated JVs.
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