Welcome to our dedicated page for Kinder Morgan Del news (Ticker: KMI), a resource for investors and traders seeking the latest updates and insights on Kinder Morgan Del stock.
Kinder Morgan, Inc. (NYSE: KMI) is frequently in the news due to its scale as one of the largest energy infrastructure companies in North America and its role in natural gas, refined products and terminal operations. Company announcements often highlight developments across its extensive pipeline and storage network, which it describes as including approximately 79,000 miles of pipelines, 139 terminals and more than 700 billion cubic feet of working natural gas storage capacity.
News about KMI commonly covers quarterly and annual financial results, dividend declarations and forward-looking financial expectations. These releases include management commentary on Adjusted EBITDA, Adjusted EPS, Net Debt and project backlogs, along with explanations of non-GAAP financial measures used to evaluate performance and leverage. Investors following KMI’s news can see how the company frames its earnings, capital allocation and leverage targets over time.
Kinder Morgan’s news flow also features project announcements and updates. Examples in recent releases include intrastate and interstate natural gas pipeline projects, expansions to serve LNG export facilities and power generation markets, and investments in gathering systems. The company provides details on project scope, expected capacity, capital costs and anticipated in-service timing, often noting that projects are supported by long-term or firm transportation commitments.
In addition, KMI appears in joint announcements with partners such as Phillips 66, describing proposed refined products pipelines like the Western Gateway Pipeline that would connect Texas origin points to markets in Arizona and California with connectivity to Las Vegas via Kinder Morgan’s CALNEV Pipeline. Other news items reference expansions of renewable diesel and sustainable aviation fuel feedstock storage, as well as Kinder Morgan’s renewable natural gas generation capacity.
For investors and observers, the KMI news stream provides insight into financial performance, capital projects, regulatory filings, credit rating developments and the company’s positioning in natural gas, LNG supply chains, refined products transportation and energy transition-related activities.
Kinder Morgan (NYSE: KMI) reported its Q3 2024 financial results, highlighting a 17% increase in EPS to $0.28 compared to Q3 2023. The company declared a dividend of $0.2875 per share, up 2% from Q3 2023, payable on November 15, 2024. Net income rose to $625 million from $532 million in Q3 2023, while Adjusted EBITDA increased 2% to $1.88 billion. The DCF per share was $0.49, flat from Q3 2023.
KMI's board approved a $455 million expansion of the Gulf Coast Express Pipeline, increasing natural gas deliveries by 570 MMcf/d. The company also announced a $94 million Gulf Coast Storage Expansion project, adding 10 Bcf of storage capacity.
For 2024, KMI expects net income of $2.7 billion, up 15% from 2023, with projected DCF of $5 billion and Adjusted EBITDA of $8.16 billion, both up 8%. However, due to lower commodity prices and delays, KMI revised its 2024 Adjusted EBITDA and Adjusted EPS down by 2% and 4%, respectively.
Kinder Morgan (NYSE: KMI) has announced its upcoming third quarter 2024 earnings release and webcast details. The company will disclose its financial results on Wednesday, October 16, 2024, after the market closes. A live webcast and conference call will follow at 3:30 p.m. CT (4:30 p.m. ET).
Interested parties can access the webcast through Kinder Morgan's investor relations website or join the audio-only call by dialing 1-312-470-7367 with passcode 7505235. For those unable to attend live, the webcast will be archived on the company's website, and a recording will be available until November 17, 2024, accessible by dialing 1-203-369-3038 with passcode 47813.
Kinder Morgan (NYSE: KMI) has released its 2023 Sustainability Report, highlighting progress in key areas:
- 8% reduction in absolute methane emissions from 2021
- 35% female and minority participation in leadership training programs
- Improved board diversity to 31% with the addition of Amy Chronis
The report introduces the new greenhouse gas reduction opportunities working group (GROW), focusing on identifying and evaluating additional GHG emission reduction opportunities. Enhanced disclosures include methane emission measurement technologies, GHG reduction strategy, and supplier diversity practices. New metrics cover employee tenure by gender and hazardous waste management. KMI's COO, James Holland, emphasized the company's commitment to aligning business operations with sustainability and diversity initiatives that add value.
Kinder Morgan (NYSE: KMI) reported its Q2 2024 financial results, including earnings per share (EPS) of $0.26 and distributable cash flow (DCF) per share of $0.49. Net income was $575 million, down from $586 million in Q2 2023, while DCF increased to $1.1 billion. The company announced a cash dividend of $0.2875 per share, a 2% increase from last year, payable on August 15, 2024. Adjusted EPS rose by 4%, and Adjusted EBITDA increased by 3% year-over-year. The company highlighted strong performance in its Natural Gas Pipelines, Products Pipelines, and Terminals segments. KMI reaffirmed its 2024 outlook, expecting $2.7 billion in net income and $5 billion in DCF. Major projects include the South System Expansion 4 Project and Altamont Green River Pipeline, aimed at increasing capacity and meeting growing demand for natural gas. The project backlog increased to $5.2 billion, with 80% devoted to lower-carbon energy investments.
Kinder Morgan (NYSE: KMI) will release its second quarter 2024 earnings results on July 17, 2024, after market close. A live webcast and conference call have been scheduled for that day at 3:30 p.m. CT (4:30 p.m. ET).
The webcast can be accessed via Kinder Morgan's investor relations website, and a listen-only option is available by phone. For those unable to attend the live event, the call will be archived on Kinder Morgan's website, and a replay will be available via phone until August 17, 2024.
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