secwatch.observer — SEC 8-K summary
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Issuer:     KINDER MORGAN, INC. (KMI)
CIK:        0001506307
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001506307-24-000029
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506307/000150630724000029/0001506307-24-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506307/000150630724000029/kmi-20240417.htm
  HTML page:      https://secwatch.observer/filing/0001506307-24-000029

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