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. reports news about a U.S. energy infrastructure business centered on natural gas pipelines, working gas storage, and refined products, crude oil and condensate transportation. Updates around KMI include quarterly financial results, cash dividends, segment volume trends, project backlog changes, and expansion activity tied to natural gas demand from power generation and local distribution customers.
Company announcements also cover customer open seasons and commercial commitments for refined products pipeline capacity, including projects that use existing Kinder Morgan assets. Operational commentary commonly addresses natural gas system utilization, products pipelines transport rates, crude and condensate volumes, and pipeline conversions to natural gas liquids service.
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Kinder Morgan, Inc. (KMI) has declared a cash dividend of $0.2825 per share for Q1 2023, marking a 2% increase over Q1 2022, and reporting a net income of $679 million, a slight increase from $667 million the previous year. Distributable cash flow (DCF) for the quarter was $1,374 million, down from $1,455 million, and adjusted earnings reached $675 million, a decrease from $732 million year-on-year. KMI maintained a strong financial position with a net debt-to-adjusted EBITDA ratio of 4.1 times and a project backlog of $3.7 billion. The outlook for 2023 targets net income of $2.5 billion and continued dividend increases. Despite lower operating results in some segments, total natural gas transport volumes rose by 3%.