Kinder Morgan Inc Del Stock Price, News & Analysis

Kinder Morgan, Inc. (NYSE: KMI) announced the release of its first quarter 2023 earnings results, scheduled for April 19, 2023, after market close. A live webcast and conference call will take place at 3:30 p.m. CT (4:30 p.m. ET). Investors can access the event via the company's website or by phone. If unable to attend live, a recording will be available for replay until May 18, 2023. Kinder Morgan operates approximately 82,000 miles of pipelines and 140 terminals, focusing on energy transportation and storage. With a commitment to safety and environmental responsibility, it plays a crucial role in North America's energy infrastructure.

Kinder Morgan, Inc. (NYSE: KMI) announced the full commercial operation of its renewable diesel hubs in Southern and Northern California. These hubs are the first of their kind in the U.S. to transport renewable diesel by pipeline. The Southern hub, operational since February 2023, can deliver up to 20,000 barrels per day (bpd), while the Northern hub offers a throughput of 21,000 bpd. Both hubs are fully subscribed, supporting California’s climate goals. Kinder Morgan aims to enhance lower emissions energy solutions while ensuring safe and efficient fuels transportation.

Kinder Morgan, Inc. (KMI) will hold its 2023 Investor Day in Houston, Texas on January 25, 2023. The event will focus on the company’s strategy, fiscal year 2022 results, and the 2023 financial budget. Interested parties can view presentation materials and participate via audio webcast on KMI's website, with live sessions starting at 8 a.m. CT. Kinder Morgan operates around 82,000 miles of pipelines and possesses substantial energy storage capabilities, emphasizing its role in providing reliable energy solutions across North America.

Kinder Morgan's board has authorized a $1 billion increase in its share repurchase program and announced a cash dividend of $0.2775 per share for Q4 2022, marking a 3% increase from Q4 2021. The company reported Q4 2022 net income of $670 million, up from $637 million in the previous year. Distributable cash flow (DCF) reached $1,217 million, up from $1,093 million. For 2023, KMI projects net income attributable to KMI at $2.5 billion, with a dividend forecast of $1.13 per share. Additionally, organizational changes with Kim Dang succeeding Steve Kean as CEO effective August 1, 2023, were announced, highlighting KMI's focus on capital-efficient growth and energy transition initiatives.

Kinder Morgan, Inc. (NYSE: KMI) will release its fourth quarter 2022 earnings results on January 18, 2023, after market close. A live webcast will take place at 3:30 p.m. CT (4:30 p.m. ET) on the same day. For those unable to attend, a recording will be available on their website shortly after the call. Kinder Morgan operates around 83,000 miles of pipelines and has significant natural gas storage capacity, emphasizing their commitment to providing safe and efficient energy solutions.

Kinder Morgan, Inc. (NYSE: KMI) projects a solid financial outlook for 2023, forecasting net income of $1.12 per share and $7.7 billion in Adjusted EBITDA, marking a 3% increase from 2022. However, a significant rise in interest expenses is expected to reduce distributable cash flow (DCF) per share to $2.13, down from $2.17. The company plans to invest $2.1 billion in expansion, primarily in lower carbon projects, and anticipates a $1.13 dividend per share, alongside potential share repurchases.

Kinder Morgan, Inc. (KMI) announced a third-quarter cash dividend of $0.2775 per share, reflecting a 3% increase from the previous year. The company reported a net income of $576 million, up from $495 million year-over-year, with distributable cash flow (DCF) reaching $1,122 million compared to $1,013 million in Q3 2021. Adjusted earnings also rose to $575 million. For 2022, KMI expects to exceed budget forecasts by approximately 3% for net income and 4-5% for DCF. KMI's strong performance is attributed to robust demand in the natural gas pipelines segment.

Kinder Morgan, Inc. (NYSE: KMI) announced it will release its third quarter 2022 earnings results on October 19, 2022, after market close. A live webcast and conference call will be held at 3:30 p.m. CT (4:30 p.m. ET) to discuss the results. The details for accessing the call are available, and a replay will be archived for later access until November 19, 2022.

Kinder Morgan operates approximately 83,000 miles of pipelines and nearly 141 terminals, providing essential energy infrastructure across North America.