This is warmed over dribble from last year. They have not proved that the dividend is unsustainble. You would need to study the DCF in more depth. Their logic is flawed. KMI is complex business but steady cash flow business.
Never make a decision with one sided data. Read this article for a more objective view.
Over the past month or so, Kinder Morgan (NYSE:KMI) has declined around 10% or so. The stock is now trading for below $40 per share for the first time in quite a while. This drop is partly due to the move higher in interest rates, with the 10-year rising to above 2.40%, an 8 month high. However, something else is in play, namely a slew of bearish articles from the likes of Barron's and friends.