Kinder Morgan’s Investor Day Key Takeaways 
<p>RBC Capital analysts provided their key takeaways from <a href='https://financialmodelingprep.com/financial-summary/KMI'>Kinder Morgan, Inc. (NYSE:KMI)</a> Investor Day. According to the analysts, the company is entering 2023 in a relatively strong position, with a strong balance sheet and all segments poised for growth. </p>
<p>While EBDA should grow, higher interest rates and elevated pension costs are likely to drive a decline in DCF per unit based on the company's budget. That said, the company expects to exit 2023 at 4.0x Net Debt/Adjusted EBITDA providing it with the significant financial flexibility to pursue additional high-return growth projects and/or return more cash to shareholders via buybacks. </p>
<p>The analysts do not expect the company to lever up to its target to buy back shares, but would not be surprised to see some level of opportunistic share repurchase.</p>

NYSE:KMI