KMI: 2020 Guidance - Published Budget
$4.1bn of Commercially-Secured Capital Projects Underway
~$160 million of new projects added during Q3 2019 & -$1.2 billion added year-to-date
(as of 9/30/2019)
Natural Gas
Permian takeaway projects (PHP, TX Intrastates, EPNG, NGPL)
Bakken G&P expansions (Hiland Williston Basin)
Supply for U.S. power & LDC demand (TGP, FGT, NGPL)
Elba liquefaction (units 2 through 10)
Supply for LNG export (NGPL, KMLP)
Mexico export (EPNG, Sierrita)
Other natural gas
Total Natural Gas
Additional projects
Total Backlog
KINDER MORGAN
Demand Pull /
Supply Push
KMI Capital
($ billion)
Estimated
In-Service Date
Capacity
$ 0.9
Q4 2019-2021
4.4 Bcfd
0.5
Q4 2019-2020
Various
0.4
Q4 2019-2023
0.6 Bcfd
0.3
-
Q4 2019 H1 2020
0.3 Bcfd
0.3
0.2
Q4 2019-2022
2020
1.6 Bcfd
0.6 Bcfd
0.3
Q4 2019-2020
1.0 Bcfd
$ 2.8
~68% of total & 5.9x EBITDA multiple
1.3
$ 4.1
Significant investment opportunities resulting from our expansive, strategically-located natural gas pipelines network
Additional projects are primarily liquids-related (crude oil and refined products)
$0.6 billion for CO2 EOR oil production, $0.3 billion for CO2 & transport, $0.3 billion for terminals and $0.1 billion for liquids pipelines
With the backlog and other projects under development, expect $2 to $3 billion per year of ongoing organic investment opportunities
Note: See Non-GAAP Financial Measures and Reconciliations. EBITDA multiple reflects KM share of estimated capital divided by estimated Project EBITDA. Rows may not sum due to rounding.
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