Kinder Morgan Reports First Quarter 2024 Financial Results

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Kinder Morgan (KMI) PT Raised to $18 at Wells Fargo

April 19, 2024 5:54 AM EDT

Wells Fargo analyst Michael Blum raised the price target on Kinder Morgan (NYSE: KMI) to $18.00 (from $17.00) while maintaining a Equal Weight rating.

The analyst comments "Q1 results were in line. KMI reaffirmed 2024 financial guidance as higher oil prices offset other headwinds.... More

Kinder Morgan (KMI) Misses Q1 EPS by 1c

April 17, 2024 4:07 PM EDT

Kinder Morgan (NYSE: KMI) reported Q1 EPS of $0.33, $0.01 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $3.84 billion versus the consensus estimate of $4.48 billion.

2024 Outlook

For 2024, including contributions from the acquired STX Midstream assets, KMI budgeted net income attributable to KMI of $2.7 billion ($1.22 per share), up 15% versus 2023, and expects to declare dividends of $1.15 per share for 2024, a... More