Consolidating foreign subsidiaries uk gaap
KMI also expects to meet or beat its budgeted leverage metric of a year-end Net Debt-to-Adjusted EBITDA ratio of approximately 5.1 times.
KMI previously announced it would further enhance shareholder value through a billion share buy-back program.
Several business units achieved strong financial performance in the first quarter and are poised to continue that success through the remainder of the year.
During the first quarter, we made substantial progress on the Elba Liquefaction Project and began work on the Gulf Coast Express Project.
The vast majority of cash KMI generates is fee-based and therefore not directly exposed to commodity prices.KMI’s Board of Directors authorized the program to begin in December 2017.Since then, KMI has repurchased approximately 27 million shares for approximately 0 million.Natural gas is critical to the American economy and to meeting the world’s evolving energy and manufacturing needs. “Combined oil production across all of our fields was up 5 percent compared to 2017 on a net to Kinder Morgan basis, primarily due to strong performance at our SACROC and Tall Cotton assets.First quarter 2018 net NGL sales volumes of 10.2 thousand barrels per day (MBbl/d) were flat to the same period in 2017.