Kinder Morgan Expects Strong Growth For 2014 - Quick Facts

(RTTNews) - Kinder Morgan, Inc. (KMI), along with Kinder Morgan Energy Partners, L.P. (KMP), Kinder Morgan Management, LLC (KMR) and El Paso Pipeline Partners, L.P. (EPB), Tuesday said it anticipates strong growth in 2014 across the Kinder Morgan family of companies.

Growth at KMI is expected to be partially offset by the loss of income from the 2013 and expected 2014 sales of certain assets to KMP and EPB. The company has also identified approximately $14.4 billion in expansion and joint venture investments which will contribute to the company's growth.

KMI said it expects to declare 2014 dividends of $1.72 per share, up 10 percent over KMI's 2013 budget target of $1.57 per share.

KMP expects to declare cash distributions of $5.58 per unit for 2014, an approximate 6 percent increase over its 2013 budget target of $5.28 per unit and an approximate 5 percent increase above its current expectation of $5.33 per unit.