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Kinder Morgan Forecasts Strong Natural Gas Demand and Earnings Growth

1 min read
Source: Yahoo Finance
Kinder Morgan Forecasts Strong Natural Gas Demand and Earnings Growth
Photo: Yahoo Finance
TL;DR

Kinder Morgan reported Q1 2024 adjusted earnings per share of 34 cents, beating estimates, with increased contributions from its Natural Gas Pipelines, Products Pipelines, and Terminals business segments. The company also announced a 2% dividend hike. Despite missing revenue estimates, the company's strong quarterly performance was driven by reduced costs and expenses. Kinder Morgan projects a 15% increase in net income for 2024 and aims for 8% growth in distributable cash flow and adjusted EBITDA.

Topics:businessfinance#dividend-hike#earnings#energy-sector#finance#financial-performance#kinder-morgan
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  1. Kinder Morgan (KMI) Beats on Q1 Earnings, Hikes Dividend  Yahoo Finance
  2. From LNG to Data Centers, Kinder Morgan Bullish on Natural Gas Growth  Natural Gas Intelligence
  3. Kinder Morgan meets profit estimates, sees new demand from AI operations  Reuters
  4. Kinder Morgan Sees Strong Natural Gas Demand Over the Next Six Years  OilPrice.com
  5. Kinder Morgan Q1 2024 earnings on deck; what to expect (NYSE:KMI)  Seeking Alpha

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