The company also projects adjusted EBITDA and DCF for 2019 at $7.8 billion and $5 billion, respectively. However, Kinder Morgan added that its adjusted EBITDA for 2019 could be marginally below budget, owing to which the firm's 2019 net debt-to-adjusted EBITDA ratio is expected at 4.6X. Nevertheless, the midstream energy firm assured investors that the net debt-to-adjusted EBITDA ratio will be almost in line with long-term goal of 4.5X. For 2019, the company expects to spend $3.1 billion on growth developments. How Have Estimates Been Moving Since Then? It turns out, fresh estimates flatlined during the past month. VGM Scores At this time, Kinder Morgan has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. Charting a somewhat similar path, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy. Overall, the stock has an aggregate VGM Score of D.