Kinder Morgan (KMI) is the second largest publicly traded midstream company in the world behind Enterprise Products Partners (EPD). Recently, an article has been published in Seeking Alpha discussing how the company might cut dividends to maintain its debt target, etc. However, as we'll see throughout this article, the company has the financial position to handle the downturn.
DCF 2020
Understanding Kinder Morgan's financial position involves understanding both its EBITDA to DCF ratio and the risks it faces from the oil crash.
The above slide highlights the company's DCF