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Ana Morgan (NYSE: KMI) said on Wednesday that it expects to generate earnings of $1.12/share next year, flat compared to what is happening in 2022 and slightly below the consensus of experts of $1.14 for FY 2023, saying “more. interest payments.
Kinder Morgan (KMI) expects to return $1.13/share in annual dividends and optional stock buybacks to shareholders in 2023.
The company also guided for $7.7B of adjusted EBITDA, up from $7.5B from the 2022 forecast, and expects to end 2023 with an adjusted EBITDA margin of 4x, below its long-term goal of 4.5x.
Kinder Morgan (KMI) sees higher interest rates drop $0.15/share in 2023 cash guidance to $2.13/share, down from 2022 forecast of $2.17 DCF/share; In the absence of interest rate hikes, DCF/share would have risen 5% Y/Y.
In 2023, the company estimates every $1/bbl change in the average WTI crude oil price affects DCF by ~$9.1M and every $0.10/MMBtu change in the price of natural gas to DCF by ~$1.3M.
Kinder Morgan (KMI) “has entered a growth phase,” writes Long Player in an analysis he wrote for Seeking Alpha.
