Kinder Morgan Inc. Unveils Its New Way Forward

Kinder Morgan Inc. Unveils Its New Way Forward

Kinder Morgan (NYSE: KMI) gave its investors a pleasant surprise when it reported second-quarter results after the closing bell on Wednesday. Not only were its financial results slightly ahead of guidance thanks to the continued stability of its operations, but the company finally unveiled what it intends to do with the substantial excess cash flow it expects to generate starting next year: significantly increase its dividend and buy back shares.

Data source: Kinder Morgan Inc. Chart by author. Note: Dollar amounts in millions.

Results continue to come in just ahead of expectations:

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Source: Fool.com