{"schema_version":"secwatch.filing_event.v1","accession":"0001506307-23-000058","form_type":"8-K","ticker":"KMI","cik":"0001506307","company_name":"KINDER MORGAN, INC.","filed_at":"2023-07-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.134483+00:00","generated_at":"2026-06-13T06:22:00.491386+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Kinder Morgan Q2 net income $586M, DCF $1.076B; lowers full-year outlook on weak commodity prices","bullets":["Q2 net income $586M ($0.26 EPS) vs $635M YoY; DCF $1.076B ($0.48/share), down 8% YoY.","Board approves $0.2825/share dividend (2% increase YoY), payable Aug 15, 2023.","Repurchased ~20M shares for ~$330M YTD; Net Debt/EBITDA ratio 4.1x (target ~4.5x).","2023 outlook: budgeted DCF $4.8B, adj. EBITDA $7.7B; expects slight miss on plan due to weak commodity prices.","Project backlog $3.7B, 80% lower-carbon; PHP expansion adding ~550 MMcf/d."],"urls":{"canonical":"https://secwatch.observer/filing/0001506307-23-000058","json":"https://secwatch.observer/filing/0001506307-23-000058.json","markdown":"https://secwatch.observer/filing/0001506307-23-000058.md","text":"https://secwatch.observer/filing/0001506307-23-000058.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1506307/000150630723000058/0001506307-23-000058-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1506307/000150630723000058/kmi-20230719.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T06:22:00.491386+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"04a66d347e90bb66878566a72d17d3ea8468b994","claim":"KINDER MORGAN, INC. reported the first six months of 2023 results: net income $1,265 million.","evidence_excerpt":"For the first six months of 2023, the company reported net income attributable to KMI of $1,265 million, compared to $1,302 million for the first six months of 2022; and DCF of $2,450 million, down 7% from $2,631 million for the comparable period in 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1506307/000150630723000058/0001506307-23-000058-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first six months of 2023"},{"label":"Net income","value":"$1,265 million"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"a48e2bc65bc5068372c1a45a7fb71b5c672cff04","claim":"KINDER MORGAN, INC. reported 2023 results: net income $2.5 billion ($1.12 per share), EPS $1.12 per share. Guidance lowered.","evidence_excerpt":"For 2023, KMI budgeted net income attributable to KMI of $2.5 billion ($1.12 per share) and expects to declare dividends of $1.13 per share, a 2% increase from the dividends declared for 2022. The company also budgeted 2023 DCF of $4.8 billion ($2.13 per share), Adjusted EBITDA of $7.7 billion and to end 2023 with a Net Debt-to-Adjusted EBITDA ratio of 4.0 times, well below our long-term target of 4.5 times. While we are on budget year-to-date, we now expect to finish 2023 slightly below our plan on a full-year basis, all of which can be explained by e","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1506307/000150630723000058/0001506307-23-000058-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"2023"},{"label":"Net income","value":"$2.5 billion ($1.12 per share)"},{"label":"EPS","value":"$1.12 per share"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"e2b4fa2e160debb9265a17c7bbb11a49f4549d01","claim":"KINDER MORGAN, INC. reported the quarter ended June 30, 2023 results: net income $586 million, EPS $0.26.","evidence_excerpt":"The company is reporting second quarter net income attributable to KMI of $586 million, compared to $635 million in the second quarter of 2022 and distributable cash flow (DCF) of $1,076 million, compared to $1,176 million in the second quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1506307/000150630723000058/0001506307-23-000058-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended June 30, 2023"},{"label":"Net income","value":"$586 million"},{"label":"EPS","value":"$0.26"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}