earnings
confidence high
sentiment positive
materiality 0.70
Kinder Morgan Q2 EPS $0.26, DCF $1.1B; raises dividend 2% to $0.2875/share
KINDER MORGAN, INC.
2024-Q2 EPS reported
$0.59
revenue$7,414,000,000
- Q2 EPS $0.26 (flat YoY); DCF per share $0.49 (up 2%). Net income $575M vs $586M a year ago.
- Dividend increased 2% to $0.2875 per share ($1.15 annualized), payable Aug 15 to holders of record July 31.
- Project backlog rose to $5.2B (up from $3.3B in Q1); 80% of backlog in lower-carbon energy investments.
- 2024 budget: net income $2.7B ($1.22 EPS), DCF $5B ($2.26/share), Adj. EBITDA $8.16B; expects to be on budget or within 1-2% below.