Kinder Morgan Inc - Ordinary Shares - Class P

NYSE:KMI   3:59:59 PM EDT
17.77
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Other Pre-Announcement

Kinder Morgan Q2 Loss Per Share $0.34

Published: 07/21/2021 20:21 GMT
Kinder Morgan Inc - Ordinary Shares - Class P (KMI) - Q2 Loss per Share $0.34.
Q2 Earnings per Share Estimate $0.19 -- Refinitiv Ibes Data (analyst estimates).
Expects to Generate Net Income Attributable to Kmi of $1.7 Billion in 2021.
Qtrly Adjusted Earnings per Share $0.23.
Expects to Declare Dividends of $1.08 per Share for 2021.
Expects to Meet Or Exceed Top End of Range Provided Last Quarter for Dcf and Adjusted EBITDA.
Anticipate Generating 2021 Dcf of $5.4 Billion and Adjusted EBITDA of $7.9 Billion.
Now Expects to End 2021 With a Net Debt-to-adjusted EBITDA Ratio of 4.0.
Qtrly Revenues$3,150 Million Versus $2,560 Million.
Approved a Cash Dividend of $0.27 per Share for Q2.
Q2 Revenue View $2.91 Billion -- Refinitiv Ibes Data (analyst estimates).
Upgrade Project, Agawam, Massachusetts Expected to Be Placed in Service in Nov 2021.
Cash Dividend of $0.27 per Share Represents a 3% Increase Over Q2 of 2020.
Acadiana Expansion Project Anticipated to Be Placed Into Commercial Service As Early As Q1 of 2022.
Kinder Morgan - As of June 30, Had Over $3.9 Billion of Borrowing Capacity Under $4 Billion Credit Facility, Over $1.3 Billion in Cash, Equivalents.
Kinder Morgan - Borrowing Capacity, Current Cash on Hand, Cash From Operations More Than Adequate to Manage Cash Requirements Through 2021.