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Dec 31, 2024
Kinder Morgan Q4 2024 Earnings Report
Kinder Morgan's financial performance was strong, marked by increased EPS and the announcement of the Trident Intrastate Pipeline Project.
Key Takeaways
Kinder Morgan reported a strong fourth quarter with increased EPS and Adjusted EPS compared to the fourth quarter of 2023. The company announced the Trident Intrastate Pipeline Project and highlighted the increased demand for natural gas.
EPS increased by 11% compared to the fourth quarter of 2023.
Adjusted EPS increased by 14% compared to the fourth quarter of 2023.
Net income attributable to KMI was $667 million, compared to $594 million in the fourth quarter of 2023.
Adjusted EBITDA increased by 7% versus the fourth quarter of 2023.
Forward Guidance
KMI provided its 2025 outlook, including budgeted net income, Adjusted EPS, and Adjusted EBITDA.
Positive Outlook
- KMI budgeted net income attributable to KMI of $2.8 billion, up 8% versus 2024.
- Adjusted EPS of $1.27, up 10% from 2024.
- KMI expects to declare dividends of $1.17 per share for 2025, a 2% increase from the dividends declared for 2024.
- Adjusted EBITDA of $8.3 billion, up 4% versus 2024.
- To end 2025 with a Net Debt-to-Adjusted EBITDA ratio of 3.8 times.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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