Kinder Morgan (KMI) tops Q4 EPS by 1c, Kim Dang to become CEO

Kinder Morgan (NYSE: KMI) reported Q4 EPS of $0.31, $0.01 better than the analyst estimate of $0.30. Revenue for the quarter came in at $4.6 billion versus the consensus estimate of $4.91 billion.

• Kinder Morgan Board Authorizes $1 Billion Increase in Share Repurchase Program; Management Announces Succession Plans
• Kim Dang to become Chief Executive Officer of KMI effective August 1, 2023

2023 Outlook

For 2023, KMI expects to generate net income attributable to KMI of $2.5 billion ($1.12 per share) and declare dividends of $1.13 per share, a 2% increase from the dividends declared for 2022. The company also budgeted to generate 2023 DCF of $4.8 billion ($2.13 per share) and Adjusted EBITDA of $7.7 billion and to end 2023 with a Net Debt-to-Adjusted EBITDA ratio of 4.0 times, well below our long-term target of 4.5 times.

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

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