secwatch.observer — SEC 8-K summary
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Issuer:     KINDER MORGAN, INC. (KMI)
CIK:        0001506307
Form:       8-K
Filed at:   2024-07-17T23:59:59+00:00
Accession:  0001506307-24-000051
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kinder Morgan Q2 EPS $0.26, DCF $1.1B; raises dividend 2% to $0.2875/share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506307/000150630724000051/0001506307-24-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506307/000150630724000051/kmi-20240717.htm
  HTML page:      https://secwatch.observer/filing/0001506307-24-000051

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer