Kinder Forecasting 2021 Income Improvement, but Natural Gas Pipeline Recontracting to Impact DCF

摘要

Kinder Morgan Inc. (KMI) expects to improve its cash fow and increase the shareholder dividend in 2021 from ongoing savings and efciencies achieved this year as the midstreamer weathered the Covid-19 pandemic and oil market downturn. KMI said Tuesday it expects to gen- erate net income of $2.1 billion (90 cents/ share) next year, up $2 billion from its 2020 forecast, taking into account asset and goodwill impairments. The company in 2021 plans to invest around $800,000 in expansion projects and con- tributions to joint ventures.