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Technology Stocks : KMI- a fallen high dividend yielder - for how long? -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (266)	7/18/2024 7:38:54 AM
From: robert b furman	1 Recommendation Recommended By DashernComet Respond to of 357

Hi E_K_S, A 520 million miss is pretty big. Makes me wonder what the analysts are thinking. No doubt the very low price of natural gas has its impact. That being said, it appears that the storage of free gas when the price goes to negative, sets up KMI to increase margins when and if it reoccurs. No doubt new acquisitions have large legal and organizational expenses. I tyhink it is encouraging to see the bottom line not take a hit. No doubt that Freeport LNG shutting down and being slow to start back up is a revenue killer for KMI. Kinder must be seeing the data center owners talking to him about the always reliable natural gas providing the needed large demand for electricity associated with AI computing. Add exports to Mexico and LNG to the world and KMI is a reliable dividend grower . In the long run with modestly higher margins with a reduced debt load by 2025 (which is getting very close now) makes this stock a long term hold as it begins buying back shares. It looks to be a very good plan that will keep KMI in the 2 handle range. I look forward to the dividend FINALLY getting to that elusive $1.25! Bob