Pipeline operator Kinder Morgan Inc on Thursday forecast a drop in core earnings next year, as growth from expansion projects would likely be offset by higher spending and lower contract rates on some of its gas and oil pipelines. Kinder Morgan would generate $5.1 billion of distributable cash flow in 2020, which is nearly 3% higher than the current forecast for 2019. It also said it would increase its dividend per common share in 2020 to $1.25 per share, while spending $2.4 billion on expansion projects and joint ventures next year. …read more
Source:: Yahoo Finance
