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Kinder Morgan (KMI) Tops Q4 EPS by 3c; Offers 2022 Guidance

January 19, 2022 4:07 PM

Kinder Morgan (NYSE: KMI) reported Q4 EPS of $0.28, $0.03 better than the analyst estimate of $0.25. Revenue for the quarter came in at $4.43 billion versus the consensus estimate of $3.58 billion.

For 2022, KMI expects 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 expects 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, below our long-term target of approximately 4.5 times. The $4.7 billion DCF and 4.3 times leverage metric do not reflect the potential impact of the possible use of up to $750 million available for attractive opportunities, including share repurchases.

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

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