Kinder Morgan Inc. Expects to Finally Start Growing Again in 2018
Kinder Morgan (NYSE: KMI) recently unveiled its initial expectations for 2018. The pipeline giant said it expects distributable cash flow (DCF) per share to rise 3% versus this year, which would reverse a two-year decline that saw DCF slip about 7% from its peak in 2015. That dip in cash flow is one of the reasons Kinder Morgan's stock has lost more than half its value over that time frame. However, it also shows that despite the nasty sell-off, the company's underlying business has held up rather well amid one of the worst oil market downturns in decades.
Here's a look at what Kinder Morgan sees in the year ahead and what that means for investors.
Kinder Morgan is opening up the taps on cash returns to shareholders next year. Image source: Getty Images.
Source: Fool.com
Kinder Morgan Inc. Stock
Our community is currently high on Kinder Morgan Inc. with 4 Buy predictions and 0 Sell predictions.
As a result the target price of 20 € shows a slightly positive potential of 8.68% compared to the current price of 18.4 € for Kinder Morgan Inc..
