secwatch.observer — SEC 8-K summary
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Issuer:     KINDER MORGAN, INC. (KMI)
CIK:        0001506307
Form:       8-K
Filed at:   2025-04-16T23:59:59+00:00
Accession:  0001506307-25-000020
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kinder Morgan Q1 adj net income up 1%; dividend raised 2%; $640M Outrigger acquisition closed
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- Q1 2025 net income attributable to KMI $717M, down from $746M in Q1 2024; adjusted net income $766M, up 1%.
- Adjusted EBITDA $2,157M, up 1% vs Q1 2024; cash flow from operations $1.2B; free cash flow $0.4B.
- Board approved $0.2925/share quarterly dividend ($1.17 annualized), a 2% increase, payable May 15, 2025 to holders of record Apr 30.
- Closed $640M acquisition of Outrigger Energy II gathering and processing system in the Bakken.
- Project backlog $8.8B, up from $8.1B at Q4 2024; 2025 outlook: budgeted adj EPS $1.27 (+10%), adj EBITDA $8.3B (+4%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506307/000150630725000020/0001506307-25-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506307/000150630725000020/kmi-20250416.htm
  HTML page:      https://secwatch.observer/filing/0001506307-25-000020

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