Kinder Morgan Q1 EPS $0.33 (up 10%), DCF $0.64; dividend raised 2% to $0.2875/share

KINDER MORGAN, INC.

2024-Q1 EPS reported $0.33 revenue$3,842,000,000

Q1 EPS $0.33 (up 10% YoY); net income $746M vs $679M; DCF per share $0.64 (up 5%).
Board approved dividend $0.2875/share ($1.15 annualized), 2% increase over Q1 2023; payable May 15, record April 30.
2024 guidance reaffirmed: net income $2.7B ($1.22/share), DCF $5B ($2.26/share), Adj. EBITDA $8.16B, Net Debt/Adj. EBITDA 3.9x.
Project backlog $3.3B, up from $3B at year-end 2023; nearly 80% dedicated to lower-carbon energy investments.
Net Debt-to-Adjusted EBITDA ratio 4.1x at quarter end; balance sheet strong.

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 2024 results: net income $2.7 billion, EPS $1.22 per share. Guidance reaffirmed.

Period: 2024
Net income: $2.7 billion
EPS: $1.22 per share
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

For 2024, including contributions from the acquired STX Midstream assets, KMI budgeted net income attributable to KMI of $2.7 billion ($1.22 per share), up 15% versus 2023, and expects to declare dividends of $1.15 per share for 2024, a 2% increase from the dividends declared for 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KINDER MORGAN, INC. reported the quarter ended March 31, 2024 results: net income $746 million, EPS $0.33.

Period: the quarter ended March 31, 2024
Net income: $746 million
EPS: $0.33
Result: preliminary results

Exact text from the filing

First quarter earnings per share (EPS) of $0.33 and distributable cash flow (DCF) per share of $0.64, up 10% and 5%, respectively, compared to the first quarter of 2023. • Net income attributable to KMI of $746 million, compared to $679 million in the first quarter of 2023.

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Source: SEC EDGAR

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