Kinder Morgan announces 2014 financial expectations

|About: Kinder Morgan, Inc. (KMI)|By:, SA News Editor

Chairman/CEO Richard Kinder foresees strong growth in 2014 across the Kinder Morgan companies, and says ~$14.4B in expansion and joint venture investments have been identified that will contribute to growth.

Kinder Morgan (KMI) expects to declare dividends of $1.72/share for 2014, a ~10% Y/Y increase over its 2013 budget target of $1.57 and ~8% over the $1.60 of dividends it expects to declare for 2013.

Kinder Morgan Partners (KMP) expects to declare cash distributions of $5.58/unit for 2014, a ~6% increase over its 2013 budget target of $5.28 and ~5% above its current expectation of $5.33; Kinder Morgan Management (KMR) also expects to declare distributions of $5.58/share for 2014.

El Paso Pipeline (EPB) expects to declare cash distributions of $2.60/unit for 2014, a ~2% increase over expected 2013 distribution of $2.55; EPB's 2014 budget includes the expected purchase (dropdown) from KMI of 50% of Ruby Pipeline, 50% of Gulf LNG and 47.5% of Young Gas Storage.