) on Thursday said it expects core earnings to decline next year but signaled it would move to cut its debt load and increase its dividend.
Kinder Morgan said it expected adjusted pre-tax earnings of $7.6 billion next year, in line with Wall Street estimates but down from a forecast of $7.8 billion in 2019. Kinder Morgan expected to generate $5.1 billion of distributable cash flow in 2020, about 3% higher than the current forecast for 2019.
It expects to reduce the ratio of debt to adjusted pre-tax earnings to 4.3 next year, compared with an anticipated 4.4 by year end and 4.7 in the third quarter. It will use proceeds from asset sales, including the sale of the U.S. portion of its Cochin pipeline and its Canadian unit, to pay down debt.
They ought to build windmills with that pipe! 💡
대한민국 최근 뉴스, 대한민국 헤드 라인
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