Kinder Morgan Inc

KMI

Equity

ISIN null / Valor 12411428

New York Stock Exchange, Inc (2025-11-21)

USD 26.98+0.97%

Kinder Morgan Inc
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About company

Kinder Morgan Inc. (KMI), founded in 1997 by Richard D. Kinder and William V. Morgan, has evolved into one of North America's premier energy infrastructure companies. Leveraging the master limited partnership (MLP) structure for growth, KMI has significantly expanded its operations through strategic acquisitions and developments. The company now boasts an extensive network, owning an interest in or operating around 82,000 miles of pipelines and 140 terminals. These assets are crucial for the transportation and storage of natural gas, gasoline, crude oil, CO2, and other commodities, underscoring Kinder Morgan's pivotal role in North America's energy sector. With approximately 11,000 employees, KMI has executed major transactions to bolster its market position, including the $38 billion acquisition of El Paso Corporation in 2012, making it a leading midstream and one of the largest natural gas network operators in the continent. Further consolidating its operations, in 2014, KMI acquired all publicly held shares of KMP, KMR, and EPB in a deal valued at approximately $76 billion, streamlining its structure into one publicly traded entity listed on the New York Stock Exchange under the ticker KMI.

Summarized from source with an LLMView SourceSector: Energy

EPS and Net Income Growth

Kinder Morgan Inc. achieved a fourth quarter earnings per share (EPS) of $0.30, marking an 11% increase compared to Q4 2023. The Adjusted EPS rose by 14% to $0.32. Net income attributable to the company reached $667 million, up from $594 million in the same quarter last year.

Dividend Increase

The board approved a cash dividend of $0.2875 per share for Q4 2024, representing a 2% increase over the previous year. This dividend will be payable on February 18, 2025, to shareholders of record as of February 3, 2025.

Trident Intrastate Pipeline Project

Kinder Morgan announced the $1.7 billion Trident Intrastate Pipeline Project, a 216-mile pipeline aimed at providing approximately 1.5 billion cubic feet per day of capacity from Katy, Texas to the LNG and industrial corridor near Port Arthur, Texas. The project is expected to be in service by the first quarter of 2027, pending necessary permits and approvals.

Strong Project Backlog and Future Outlook

The company's project backlog surged to $8.1 billion by the end of Q4 2024, a nearly 60% increase from the previous quarter, with natural gas projects accounting for 89% of the backlog. For 2025, Kinder Morgan forecasts net income of $2.8 billion and an Adjusted EPS of $1.27, reflecting an 8% and 10% increase respectively from 2024, supported by continued investment in high-quality infrastructure projects.

Summarized from source with an LLMView Source

Key figures

-5.47%1Y

47.6%3Y

89.3%5Y

Performance

26.0%1Y

21.2%3Y

23.6%5Y

Volatility