I spoke with IR departmenton I think Thursday. They assured me there was to be a capital plan release done before the end of the year. I think they wanted the credit bureau's ratings to come out followed by their new bond issue release first. So I expect their plans for 2020 to be announced next week most likely.
I anticipate that there is a small increase to EBITDA even with their numerous asset sales, continued debt reduction for 2020 toward 6- 6.6 billion and FFO towards 1000mm. That woudl take their ratio of FFO to debt towards or even over the 15% mark which was what S&P indicated they wanted to see for an even stronger credit rating. For example 6600 divided by 1000 mm comes to a ratio of ,1515 To reach that in even two years would be a great signal to the markets.
If they don't care about reaching that figure next year they can do a dividend increase any time.
Their capital plan should give their stock a boost as they delivered or are delivering well on their 2019 plan... Still room for a softer quarter in 2019 than they expected but not dramatically so is my thought. The only question iin my mind is why S&P suggested their FFO would be just 700 after their third quarter called for 850-950 and reaffirmed on the conference call...Fire sale still on buy may be ending this week.. IMO