Kinder Morgan Inc (WBO:KMI)
€ 18.072 0.138 (0.77%) Market Cap: 39.95 Bil Enterprise Value: 69.36 Bil PE Ratio: 17.90 PB Ratio: 1.44 GF Score: 75/100
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Kinder Morgan Inc at Wells Fargo Securities Midstream and Utility Symposium Transcript

Dec 11, 2019 / 02:20PM GMT
Release Date Price: €18.17 (-0.16%)
Ross Payne
Wells Fargo Securities, LLC, Research Division - MD & Senior High Grade Analyst

Our next presenter is Kinder Morgan who is the first to self-fund their equity and even debt needs since early 2016. The company is now on top of their 4.5x leverage target and has healthy organic backlogs.

We welcome Steve Kean, CEO; Anthony Ashley, Treasurer and Vice President of IR; and Peter Staples, Director of IR. Steve?

Steven J. Kean
Kinder Morgan, Inc. - CEO & Director

Thank you. Yes, all of that, everything that Ross just said, and also as we came out and showed in our guidance this year, we are one of the few who have the luxury of having balance sheet capacity. We're showing 4.3x debt-to-EBITDA versus our 4.5x target. That's $1.2 billion worth of balance sheet capacity.

As we said, if we use that for share repurchases, our DCF growth would go to 5%, but we have not committed to that. We've got capacity, we've created capacity there and that gives us option value that we can use appropriately on behalf of our shareholders. It's a

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