Kinder Morgan Q4 EPS down 10% YoY; raises 2024 guidance after STX Midstream close

KINDER MORGAN, INC.

2023-FY EPS reported $1.06 revenue$15,334,000,000

Q4 EPS $0.27 (down 10% YoY), DCF per share $0.52 (down 4%), net income $594M from $670M.
Board approves $0.2825/share dividend, +2% vs Q4 2022; payable Feb 15 to holders of record Jan 31.
Raises 2024 EPS guidance to $1.22 (up 15% vs 2023) and DCF per share to $2.26; includes $1.8B STX Midstream acquisition closed Dec 28.
Full year 2023 net income $2.391B, DCF $4.715B; repurchased 31.5M shares for $522M.
Net Debt/Adjusted EBITDA at 4.2x; project backlog $3B; 80% of backlog in lower-carbon investments.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KINDER MORGAN, INC. reported the quarter ended December 31, 2023 results: EPS $0.27. Guidance raised.

Period: the quarter ended December 31, 2023
EPS: $0.27
Guidance: raised
Result: preliminary results

Exact text from the filing

On January 17, 2024, Kinder Morgan, Inc. issued a press release announcing its preliminary financial results for the quarter ended December 31, 2023 and that it will hold a webcast conference call on January 17, 2024 discussing those results.

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KINDER MORGAN, INC. filing history →

Source: SEC EDGAR

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