KMI Cash Available To Pay Dividends Up 21% Over 2012

Kinder Morgan, Inc. (NYSE: KMI) today reported fourth quarter cash available to pay dividends of $482 million, an increase of 10 percent from $439 million for the comparable period in 2012. For the full year, KMI reported cash available to pay dividends of $1.713 billion, up 21 percent from $1.411 billion in 2012 and exceeding its published annual budget of $1.632 billion.

The board of directors declared a quarterly dividend of $0.41 per share ($1.64 annualized), which is payable on Feb. 18, 2014, to shareholders of record as of Jan. 31, 2014. This represents an increase of 11 percent from the fourth quarter 2012 cash dividend per share of $0.37 ($1.48 annualized).

Chairman and CEO Richard D. Kinder said, “KMI had an excellent fourth quarter and year. Growth was driven by continued outstanding performance at Kinder Morgan Energy Partners (KMP) highlighted by the strong results produced by the assets it acquired through the Copano and El Paso transactions, and a full year of contributions from El Paso Pipeline Partners (EPB). As a result, KMI met its revised target to declare a dividend of $1.60 per share for the full year and actually generated $1.65 per share in cash available per share outstanding. Looking ahead, we believe that our large footprint of diversified assets will continue to generate stable, attractive risk-adjusted returns to our investors. We are excited about 2014, and currently have identified approximately $14.8 billion in expansion and joint venture investments at KMP and EPB that we are confident will come to fruition and drive growth at KMI for years to come. We are also pursuing customer commitments for many more projects.”

Outlook

As previously announced, KMI expects to declare dividends of $1.72 per share for 2014, an 8 percent increase over its 2013 declared dividend of $1.60 per share. Growth in 2014 is expected to be driven by continued strong performance at KMP and contributions from EPB.

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