secwatch.observer — SEC 8-K summary
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Issuer:     KINDER MORGAN, INC. (KMI)
CIK:        0001506307
Form:       8-K
Filed at:   2024-01-17T23:59:59+00:00
Accession:  0001506307-24-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506307/000150630724000004/0001506307-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506307/000150630724000004/kmi-20240117.htm
  HTML page:      https://secwatch.observer/filing/0001506307-24-000004

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