Kinder Morgan Plans to Send Its High-Yielding Dividend Even Higher in 2023

Kinder Morgan Plans to Send Its High-Yielding Dividend Even Higher in 2023

Kinder Morgan (NYSE: KMI) gave investors a glimpse into what they should expect in the coming year by unveiling its preliminary financial expectations for 2023. Management expects Kinder Morgan to generate $7.7 billion in adjusted EBITDA next year. Growth drivers include rising volumes at its refined product and gathering and processing businesses, higher rates as it recontracts its Jones Act tankers, and expansion projects coming into service.