3 Things Kinder Morgan Inc’s Founder Wants You to Know About its Cash Flow
Natural gas pipeline giant Kinder Morgan (NYSE: KMI) recently reported third-quarter results. On the one hand, they weren't all that exciting since everything lined up with the company's guidance. That said, the boring stability of the company's underlying results reflect the beauty of its business model.
That predictability in the company's cash flow was the critical theme of founder Richard Kinder's opening remarks on the accompanying conference call. He noted that while the company has had three policies dictating how it used its cash flow in recent years, the one constant was that its income stream barely budged despite one of the worst downturns to hit the oil market in decades.
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Source: Fool.com
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