earnings
confidence high
sentiment positive
materiality 0.75
Kinder Morgan Q3 EPS $0.28 (+17%); net income $625M; dividend increases 2%; approves $455M GCX expansion
KINDER MORGAN, INC.
2024-Q3 EPS reported
$0.87
revenue$11,113,000,000
- Q3 EPS $0.28 (+17% YoY), adjusted EPS $0.25 flat; net income $625M vs $532M.
- Adjusted EBITDA $1.88B (+2% YoY); DCF per share $0.49 flat; Net Debt/EBITDA 4.1x.
- Dividend raised 2% to $0.2875/share, payable Nov 15 to holders of record Oct 31.
- Final investment decision on $455M Gulf Coast Express expansion, adding 570 MMcf/d.
- 2024 outlook: Adj EBITDA ~2% below budget but +5% YoY; Adj EPS ~4% below budget but +9% YoY.