Kinder Morgan Q1 net income $679M (EPS $0.30); dividend raised 2% to $0.2825/share

KINDER MORGAN, INC.

2023-Q1 EPS reported $0.30 revenue$3,888,000,000

Net income attributable to KMI $679M ($0.30 EPS), up from $667M in Q1 2022; DCF $1,374M ($0.61/share), down 5% YoY.
Board approved Q1 dividend of $0.2825/share (annualized $1.13), a 2% increase from Q1 2022, payable May 15 to holders of record May 1.
Repurchased 6.8M shares for $113M at avg $16.62 during Q1; Net Debt/Adjusted EBITDA ratio 4.1x.
Project backlog $3.7B, up $400M vs Q4 2022; 86% of backlog dedicated to lower-carbon energy services.
2023 guidance unchanged: net income $2.5B ($1.12 EPS), DCF $4.8B ($2.13/share), Adj. EBITDA $7.7B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KINDER MORGAN, INC. updated its the quarter ended March 31, 2023 guidance (reaffirmed).

Period: the quarter ended March 31, 2023
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

On April 19, 2023, Kinder Morgan, Inc. issued a press release announcing its preliminary financial results for the quarter ended March 31, 2023 and that it will hold a webcast conference call on April 19, 2023 discussing those results. The press release is furnished as Exhibit 99.1 to this report.

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KINDER MORGAN, INC. filing history →

Source: SEC EDGAR

accession 0001506307-23-000034

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