Kinder Morgan (KMI) Tops Q1 EPS by 5c

Kinder Morgan (NYSE: KMI) reported Q1 EPS of $0.32, $0.05 better than the analyst estimate of $0.27. Revenue for the quarter came in at $4.29 billion versus the consensus estimate of $3.56 billion.

2022 Outlook:

For 2022, KMI budgeted to generate net income attributable to KMI of $2.5 billion and declare dividends of $1.11 per share, a 3% increase from the 2021 declared dividends. KMI also budgeted to generate 2022 DCF of $4.7 billion and Adjusted EBITDA of $7.2 billion and to end 2022 with a Net Debt-to-Adjusted EBITDA ratio of 4.3 times. KMI now expects net income, EBITDA and DCF to be favorable to budget due to stronger than expected commodity prices and favorable operating results from our Natural Gas and CO2 business segments, partially offset by higher costs.

For earnings history and earnings-related data on Kinder Morgan (KMI) click here.

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