Kinder Morgan Expects to Meet or Exceed 2014 Financial Expectations

HOUSTON--(BUSINESS WIRE)--

Kinder Morgan today reconfirmed its 2014 financial dividend and distribution guidance for Kinder Morgan, Inc. KMI, Kinder Morgan Energy Partners, L.P. KMP, Kinder Morgan Management, LLC KMR and El Paso Pipeline Partners, L.P. EPB, and at KMP expects to generate distributable cash flow per unit nicely in excess of its budget targets.

Chairman and CEO Richard D. Kinder stated, “2014 is off to a great start and the future outlook for the Kinder Morgan companies remains very bright. We have identified approximately $14.8 billion in expansion and joint venture investments that we are confident will contribute to our growth, and we are pursuing customer commitments for many more projects. Since our 2014 budget was announced in early December of 2013, KMP has completed an approximately $962 million acquisition of crude oil tankers that are engaged in marine transportation for U.S. domestic trade through the Jones Act, and Tennessee Gas Pipeline completed a successful binding open season for incremental, north to south natural gas transportation capacity totaling 500,000 dekatherms per day, which will move gas from the Marcellus and Utica shales to multiple delivery points on the Gulf Coast.”

Kinder Morgan owns and operates a large, diversified portfolio of primarily fee-based energy assets across North America that historically have produced substantial cash flow in virtually all types of market conditions.

As previously announced, KMI expects to declare dividends of $1.72 per share for 2014. This represents an 8 percent increase over its 2013 declared dividend of $1.60 per share. Growth at KMI in 2014 is expected to be driven by continued strong performance at KMP and contributions from EPB.

KMP expects to declare cash distributions of $5.58 per unit for 2014, a 5 percent increase over its 2013 distribution of $5.33 per unit. KMP expects to exceed its distributable cash flow per unit target primarily as a result of the positive impact of the previously noted tanker acquisition, TGP's incremental north to south firm transportation contracts, which are expected to begin service in April 2014, and additional long-term contracts on its El Paso Natural Gas pipeline system. “We continue to see exceptional growth opportunities across all of KMP's business segments, including the need for more midstream infrastructure to move and store oil, gas and liquids from the prolific shale plays in the United States and the oilsands in Alberta, along with increasing demand for CO_2. In particular, there seems to be strong and growing demand for secure, long-term natural gas transportation capacity,” Kinder said.

KMR also expects to declare distributions of $5.58 per share for 2014 and the distribution to KMR shareholders will be paid in the form of additional KMR shares.

EPB expects to declare cash distributions of $2.60 per unit for 2014, a 2 percent increase over its 2013 distribution of $2.55 per unit.

These 2014 budgets were discussed in detail during the company's annual analyst meeting on Jan. 29. Kinder Morgan remains committed to transparency and will continue to publish its budgets on the company's web site, www.kindermorgan.com.

Kinder Morgan is the largest midstream and the third largest energy company in North America with a combined enterprise value of approximately $100 billion. It owns an interest in or operates approximately 80,000 miles of pipelines and 180 terminals. Its pipelines transport natural gas, gasoline, crude oil, CO₂ and other products, and its terminals store petroleum products and chemicals and handle such products as ethanol, coal, petroleum coke and steel. Kinder Morgan, Inc. KMI owns the general partner interest of Kinder Morgan Energy Partners, L.P. KMP and El Paso Pipeline Partners, L.P. EPB, along with limited partner interests in KMP and EPB and shares in Kinder Morgan Management, LLC KMR. For more information please visit www.kindermorgan.com.

This news release includes forward-looking statements. These forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although Kinder Morgan believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance that such assumptions will materialize. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein include those enumerated in Kinder Morgan's reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they were made, and except to the extent required by law, Kinder Morgan undertakes no obligation to update or review any forward-looking statement because of new information, future events or other factors. Because of these uncertainties, readers should not place undue reliance on these forward-looking statements.