Renewable Natural Gas Growth and CO2 Emission Reduction Strategies
Outperforming 2022 Financial Guidance
$ in billions, except per share
Key metrics
Net income
2022
Updated
Budget
Guidance
$2.5
+5%
KINDER MORGAN
Adjusted EBITDA
$7.2
+5%
Stronger than expected commodity prices
Favorable renewals in Natural Gas (Intrastates, NGPL, MEP, TGP)
Favorable G&P volumes
Partially offset by higher costs
Distributable Cash Flow (DCF)
$4.7
+5%
Discretionary capital(a)
$1.3
+$0.6
$355mm MAS acquisition and $180mm of added capex (mainly
G&P, PHP expansion, and CO2)
Dividend share
$1.11
Year-end Net Debt/
Adj. EBITDA
4.3x
Capacity available for attractive opportunities, including share
repurchases
Note: See Non-GAAP Financial Measures & Reconciliations.
a) Includes growth capital & JV contributions for expansion capital, debt repayments & net of partner contributions for our consolidated JVs.
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