Kinder Morgan Inc ( (KMI) ) has released its Q4 earnings. Here is a breakdown of the information Kinder Morgan Inc presented to its investors.
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Kinder Morgan, Inc. is one of North America’s largest energy infrastructure companies, focusing on the transportation and storage of energy products such as natural gas, petroleum, and renewable fuels through its extensive network of pipelines and terminals.
In its recently released earnings report for the fourth quarter of 2024, Kinder Morgan, Inc. announced an 11% increase in earnings per share, with an adjusted EPS up by 14%. The company also revealed plans for the new Trident Intrastate Pipeline Project, a significant infrastructure initiative valued at $1.7 billion.
Key financial highlights included a net income of $667 million, a 7% rise in adjusted EBITDA to $2,063 million, and a healthy balance sheet with a net debt-to-adjusted EBITDA ratio of 4.0 times. The company benefited from strong performances across its Natural Gas Pipelines, Products Pipelines, and Terminals business segments. The approval of the dividend increase by 2% to $0.2875 per share underscores their commitment to returning value to shareholders.
Additionally, Kinder Morgan is moving forward with several strategic projects, including the Trident and Mississippi Crossing Projects, which are expected to bolster future growth. The project backlog at the end of the fourth quarter stood at $8.1 billion, marking a significant increase from the previous quarter.
Looking ahead, Kinder Morgan’s management remains optimistic, projecting a net income of $2.8 billion for 2025, with an adjusted EPS of $1.27. The company expects continued growth driven by rising demand for natural gas infrastructure and aims to maintain a strong financial position with a projected net debt-to-adjusted EBITDA ratio of 3.8 times by the end of the year.
