“We see exceptional growth opportunities across all of KMP’s business segments, including the need to build more midstream infrastructure to move or store oil, gas and liquids from the prolific shale plays in the U.S. and the oilsands in Alberta, along with increasing demand for export coal and CO 2,” Kinder said.In 2013, KMP expects to:
- Generate over $5.4 billion in business segment earnings before DD&A (adding back KMP’s share of joint venture DD&A), an increase of almost $900 million over the 2012 forecast.
- Distribute over $2 billion to its limited partners.
- Produce excess cash flow of more than $30 million above the distribution target of $5.28 per unit.
- Invest approximately $2.8 billion in expansions (including contributions to joint ventures) and small acquisitions (excluding the dropdowns from KMI). Over $625 million of the equity required for this investment program is expected to be funded by KMR dividends.