Kinder Morgan Inc Del Stock Price, News & Analysis

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.

Kinder Morgan, Inc. (NYSE: KMI) has finalized the sale of a 25.5% equity interest in Elba Liquefaction Company for approximately $565 million, aimed at reducing short-term debt and enabling investments. This transaction implies an enterprise value of about $2.3 billion for the joint venture. KMI retains operational control over the Elba facility, which has a liquefaction capacity of 2.5 million tonnes per year, supported by a 20-year contract with Shell LNG. The move reflects the growing importance of LNG infrastructure in meeting global energy demands.

Kinder Morgan, Inc. (NYSE: KMI) has completed a $135 million acquisition of North American Natural Resources, Inc. (NANR) and its related companies, adding seven landfill gas-to-power facilities in Michigan and Kentucky. KMI plans a $175 million investment to convert up to four facilities into renewable natural gas (RNG) operations, expected to generate around 2 billion cubic feet of RNG annually by early 2024. The acquisition enhances KMI's RNG capacity to 7.7 Bcf per year, positioning the company as a leader in the RNG sector.

Kinder Morgan, Inc. (NYSE: KMI) released its 2021 Environmental, Social and Governance (ESG) report three months earlier than usual, enhancing stakeholder access to ESG data. Key features include new metrics on community engagement, property tax payments, and employee training for females and minorities. The updated report aligns with the Task Force on Climate-related Financial Disclosures and includes comprehensive data on Scope 1 and Scope 2 greenhouse gas emissions. This proactive approach reflects KMI's commitment to transparency and responsible operations.