Kinder Morgan Q4 EPS $0.30 (+7% YoY), DCF per share $0.54 (+13%); dividend up 3%; $1B buyback authorized

KINDER MORGAN, INC.

2022-FY EPS reported $1.12 revenue$19,200,000,000

Q4 net income attributable to KMI $670M vs $637M YoY; EPS $0.30 up 7%; DCF per share $0.54 up 13%.
Board declared Q4 dividend $0.2775 (annualized $1.11), a 3% increase; payable Feb 15, 2023 to holders of record Jan 31, 2023.
Board authorized $1B increase in share repurchase program.
2023 outlook: net income ~$2.5B ($1.12/share), DCF $4.8B ($2.13/share), Adjusted EBITDA $7.7B, leverage target 4.0x.
Management announces succession plans; details not specified in the press release.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KINDER MORGAN, INC. reported the full year of 2022 results: net income $2,548 million.

Period: the full year of 2022
Net income: $2,548 million
Result: preliminary results

Exact text from the filing

For the full year of 2022, the company reported net income attributable to KMI of $2,548 million, compared to $1,784 million for the full year of 2021 and DCF of $4,970 million, down 9% from $5,460 million for the comparable period in 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KINDER MORGAN, INC. reported the quarter ended December 31, 2022 results: net income $670 million, EPS $0.30 per share.

Period: the quarter ended December 31, 2022
Net income: $670 million
EPS: $0.30 per share
Result: preliminary results

Exact text from the filing

The company is reporting fourth quarter net income attributable to KMI of $670 million, compared to net income attributable to KMI of $637 million in the fourth quarter of 2021; and distributable cash flow (DCF) of $1,217 million, compared to $1,093 million in the fourth quarter of 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KINDER MORGAN, INC. reported 2023 results: net income $2.5 billion, EPS $1.12 per share. Guidance initiated.

Period: 2023
Net income: $2.5 billion
EPS: $1.12 per share
Guidance: initiated
Result: guidance update

Exact text from the filing

For 2023, KMI expects to generate net income attributable to KMI of $2.5 billion ($1.12 per share) and declare dividends of $1.13 per share, a 2% increase from the dividends declared for 2022.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

KINDER MORGAN, INC. filing history →

Source: SEC EDGAR

accession 0001506307-23-000002

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