earnings
confidence high
sentiment neutral
materiality 0.75
Kinder Morgan Q3 EPS $0.24, DCF $1.09B; dividend raised 2% to $0.2825
KINDER MORGAN, INC.
2023-Q3 EPS reported
$0.80
revenue$11,296,000,000
- Net income $532M vs $576M YoY; EPS $0.24 down slightly.
- DCF $1,094M flat per share; dividend increased 2% to $0.2825, payable Nov 15.
- Repurchased 28M shares for ~$472M YTD; Net Debt/EBITDA 4.1x.
- Backlog $3.8B; expects full-year slightly below plan due to lower commodity prices, delayed RNG.
- Natural gas demand seen growing >20% by 2028 led by LNG exports.