secwatch.observer — SEC 8-K summary
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Issuer:     KINDER MORGAN, INC. (KMI)
CIK:        0001506307
Form:       8-K
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0001506307-23-000058
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506307/000150630723000058/0001506307-23-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506307/000150630723000058/kmi-20230719.htm
  HTML page:      https://secwatch.observer/filing/0001506307-23-000058

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