secwatch.observer — SEC 8-K summary
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Issuer:     KINDER MORGAN, INC. (KMI)
CIK:        0001506307
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0001506307-23-000034
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506307/000150630723000034/0001506307-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506307/000150630723000034/kmi-20230419.htm
  HTML page:      https://secwatch.observer/filing/0001506307-23-000034

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