Why Kinder Morgan Stock Slumped 28% in the First Half of 2020

Why Kinder Morgan Stock Slumped 28% in the First Half of 2020

The driving factor was all the turmoil in the energy sector, which forced the company to alter its outlook and dividend growth plan. This sell-off in the oil market will impact Kinder Morgan. As a result, Kinder Morgan now estimates that it will generate about $4.6 billion, or $2.02 per share, of distributable cash flow this year, about 8% below last year's level and 10% less than its initial 2020 outlook.