{"id":1373,"date":"2015-12-09T06:48:10","date_gmt":"2015-12-09T05:48:10","guid":{"rendered":"http:\/\/veschber.myds.me\/wordpress\/?p=1373"},"modified":"2015-12-09T06:48:10","modified_gmt":"2015-12-09T05:48:10","slug":"kinder-morgan-announces-2016-outlook-media-investor-center","status":"publish","type":"post","link":"https:\/\/veschber.myds.me\/wordpress\/kinder-morgan-announces-2016-outlook-media-investor-center","title":{"rendered":"Kinder Morgan Announces 2016 Outlook | Media &#038; Investor Center"},"content":{"rendered":"<blockquote>\n<div class=\"panel-pane pane-content-field pane-field-press-release-subheadline\">\n<div class=\"pane-content\">\n<div class=\"field field-type-text field-field-press-release-subheadline  field-fieldpressreleasesubheadline\">\n<div class=\"field-items\">\n<div class=\"field-item odd\">\n<ul>\n<li class=\"bwlistitemmargb\"><b>DCF per share growing as businesses expected to generate slightly over $5\u00a0billion of cash in 2016<\/b><\/li>\n<li class=\"bwlistitemmargb\"><b>KMI expects to declare dividends of $.50 per share for 2016 and use excess cash to fund growth investments<\/b><\/li>\n<li class=\"bwlistitemmargb\"><b>No need to access equity markets for the foreseeable future<\/b><\/li>\n<li class=\"bwlistitemmargb\"><b>KMI to take required action to maintain investment grade rating<\/b><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel-region-separator\"><\/div>\n<div class=\"panel-pane pane-node-date\">\n<div class=\"pane-content\">Tuesday, December 8, 2015 4:30 pm EST<\/div>\n<\/div>\n<div class=\"panel-region-separator\"><\/div>\n<div class=\"panel-region-separator\"><\/div>\n<div class=\"panel-pane pane-tool-bar\"><\/div>\n<div class=\"panel-region-separator\">&#8222;Our execution of that strategy has enabled us to grow distributable cash flow (DCF) per share and we believe we will continue to do so.&#8220;<\/div>\n<div class=\"panel-region-separator\"><\/div>\n<div class=\"panel-pane pane-pr-body\">\n<div class=\"pane-content\">\n<p>HOUSTON&#8211;(<a class=\"external\" href=\"http:\/\/www.businesswire.com\/\" target=\"_blank\">BUSINESS WIRE<\/a>)&#8211;Kinder Morgan, Inc. (NYSE: KMI) today announced that its Board of Directors has approved a plan pursuant to which it expects to pay quarterly dividends of $.125 per share to its common stockholders ($.50 annually), down from its current quarterly level of $.51, beginning with the fourth quarter 2015 dividend payable in February 2016. This dividend enables the company to use a significant portion of its large cash flow to fund the equity portion of its expansion capital requirements, eliminate any need to access the equity market for the foreseeable future and maintain a solid investment grade credit rating. KMI anticipates enough retained internally generated cash flow to fund all of the required equity contribution projected for 2016 and a significant portion of its debt requirements. The company has reviewed its expected investments in 2017 and 2018 and believes that its stable and growing internally generated cash flow will allow it to continue to fund the equity portion of its capital budget without the need to access the equity market. It anticipates meeting all of the rating agencies\u2019 requirements to remain investment grade, and expects a net debt\/EBITDA ratio of 5.5 for 2016 and anticipates reducing that ratio in subsequent years.<\/p>\n<p>\u201cWe evaluated numerous options, including significant asset sales, but ultimately concluded that these other options were uneconomic to our investors in the long run. This decision was not made lightly, but we believe it is in the best interests of the company, its shareholders and employees,\u201d said Rich Kinder, executive chairman of the KMI board. \u201cIt will allow us to continue to maintain and grow our outstanding set of midstream energy assets without being required to issue equity at valuations prevalent in today\u2019s market while maintaining a solid investment grade rating on our debt obligations. We are directly addressing concerns about our investment grade rating and concerns about the need to issue additional equity. We believe today\u2019s action is beneficial to our shareholders.\u201d<\/p>\n<p>\u201cOur strategy always has been, and will continue to be, to focus on fee-based midstream energy assets that are core to North American energy markets,\u201d said Steve Kean, president and CEO. \u201cOur execution of that strategy has enabled us to grow distributable cash flow (DCF) per share and we believe we will continue to do so.\u201d<\/p>\n<p>The company has completed its budget process for 2016 and expects DCF available to its equity holders of slightly over $5 billion, an increase of approximately 8 percent over 2015. \u201cWe grew our DCF per share in 2015 and we expect to grow again in 2016, despite a very difficult environment in the energy sector. We believe we have the best set of assets in the midstream energy business and the cash generated by those assets is fee based and growing. Today\u2019s action is not a reflection of our underlying business \u2013 our business is strong and growing. Today\u2019s decision is about finding the most economic way to fund our set of attractive return expansion projects,\u201d said Kean.<\/p>\n<p>Please join Kinder Morgan at 8:30 a.m. Eastern Time on Wednesday, Dec. 9, at <a class=\"external\" href=\"http:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fir.kindermorgan.com%2Fpresentations-webcasts&amp;esheet=51239628&amp;newsitemid=20151208006535&amp;lan=en-US&amp;anchor=http%3A%2F%2Fir.kindermorgan.com%2Fpresentations-webcasts&amp;index=1&amp;md5=cecacaaa6459790a67dfb6d061ce8c51\" rel=\"nofollow\">http:\/\/ir.kindermorgan.com\/presentations-webcasts<\/a> for a LIVE webcast conference call on this announcement.<\/p>\n<\/div>\n<\/div>\n<\/blockquote>\n<p>Quelle: <em><a href=\"http:\/\/ir.kindermorgan.com\/press-release\/kinder-morgan-announces-2016-outlook\">Kinder Morgan Announces 2016 Outlook | Media &amp; Investor Center<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DCF per share growing as businesses expected to generate slightly over $5\u00a0billion of cash in 2016 KMI expects to declare dividends of $.50 per share for 2016 and use excess cash to fund growth investments No need to access equity markets for the foreseeable future KMI to take required action to maintain investment grade rating &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/veschber.myds.me\/wordpress\/kinder-morgan-announces-2016-outlook-media-investor-center\" class=\"more-link\"><span class=\"screen-reader-text\">\u201eKinder Morgan Announces 2016 Outlook | Media &#038; Investor Center\u201c <\/span>weiterlesen<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1373","post","type-post","status-publish","format-standard","hentry","category-allgemein"],"_links":{"self":[{"href":"https:\/\/veschber.myds.me\/wordpress\/wp-json\/wp\/v2\/posts\/1373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/veschber.myds.me\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/veschber.myds.me\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/veschber.myds.me\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/veschber.myds.me\/wordpress\/wp-json\/wp\/v2\/comments?post=1373"}],"version-history":[{"count":1,"href":"https:\/\/veschber.myds.me\/wordpress\/wp-json\/wp\/v2\/posts\/1373\/revisions"}],"predecessor-version":[{"id":1374,"href":"https:\/\/veschber.myds.me\/wordpress\/wp-json\/wp\/v2\/posts\/1373\/revisions\/1374"}],"wp:attachment":[{"href":"https:\/\/veschber.myds.me\/wordpress\/wp-json\/wp\/v2\/media?parent=1373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/veschber.myds.me\/wordpress\/wp-json\/wp\/v2\/categories?post=1373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/veschber.myds.me\/wordpress\/wp-json\/wp\/v2\/tags?post=1373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}