---
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"
generated_at: "2026-06-13T06:22:00.491386+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Kinder Morgan Q2 net income $586M, DCF $1.076B; lowers full-year outlook on weak commodity prices

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001506307-23-000058
- JSON: https://secwatch.observer/filing/0001506307-23-000058.json
- Plain text: https://secwatch.observer/filing/0001506307-23-000058.txt

## Key facts
- Earnings Releases
  KINDER MORGAN, INC. reported the first six months of 2023 results: net income $1,265 million.
  - Period: the first six months of 2023
  - Net income: $1,265 million
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1506307/000150630723000058/0001506307-23-000058-index.htm
- Earnings Releases
  KINDER MORGAN, INC. reported 2023 results: net income $2.5 billion ($1.12 per share), EPS $1.12 per share. Guidance lowered.
  - Period: 2023
  - Net income: $2.5 billion ($1.12 per share)
  - EPS: $1.12 per share
  - Guidance: lowered
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1506307/000150630723000058/0001506307-23-000058-index.htm
- Earnings Releases
  KINDER MORGAN, INC. reported the quarter ended June 30, 2023 results: net income $586 million, EPS $0.26.
  - Period: the quarter ended June 30, 2023
  - Net income: $586 million
  - EPS: $0.26
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1506307/000150630723000058/0001506307-23-000058-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.