Kinder Morgan Financial Measures and CO2 Segment Analysis
2021 Forecast as of August 2021
Committed to maintaining a strong balance sheet & returning value to shareholders
Key metrics
Net income
2021 Forecast
Variance to 2021 Budget
$1.7 billion
-$0.4 billion
Adjusted EBITDA
$7.9 billion
+$1.1 billion
Distributable Cash Flow (DCF)
$5.4 billion
+$1.0 billion
Discretionary capital(a)
Dividend/share
Year-end Net Debt / Adj. EBITDA
$2.4 billion
+$1.6 billion
$1.08
4.0x
-0.6x
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.
KINDER MORGAN
Due primarily to 2Q $1.6 billion S Texas G&P
impairment, partially offset by 1Q $1.1 billion Uri benefit
Due primarily to one-time benefit from Winter Storm Uri,
as well as partial year contribution from Stagecoach
acquisition
Due to $1.2 billion Stagecoach acquisition and
$0.4 billion Kinetrex acquisition and expansion capital
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