Form 8-K · Current Report · Filed 2025-01-22
Kinder Morgan Announces Fourth Quarter 2024 Earnings and New Pipeline Project
Kinder Morgan, Inc. announced its preliminary financial results for the quarter ended December 31, 2024, reporting an 11% increase in Earnings per Share (EPS) to $0.30 and a 14% increase in Adjusted EPS to $0.32 compared to the fourth quarter of 2023. The company also declared a cash dividend of $0.2875 per share for the fourth quarter, a 2% increase over the same period in 2023. Additionally, Kinder Morgan announced the Trident Intrastate Pipeline Project, an approximately 216-mile pipeline build that will provide approximately 1.5 billion cubic feet per day (Bcf/d) of capacity. The press release is furnished as Exhibit 99.1 to this report.
- Filer
- Kinder Morgan Inc. KMI · NYSE
- Filed
- Accession
- 0001506307-25-000002
- CIK
- 0001506307
- Signal
- Medium impactEnergy
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$31.22
Next session
-2.4%
Since filing
+3.1%
Latest close
$32.18
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from KMI reporting the same item, with the next session's move:
Exhibits (1)
About Kinder Morgan Inc.
Kinder Morgan Inc. is a leading energy infrastructure company in North America, primarily focused on owning and operating pipelines and terminals that transport and store energy resources. Its principal function is to handle the movement of natural gas, refined petroleum products, crude oil, carbon dioxide, and other related products across extensive networks. With a vast presence, Kinder Morgan plays a critical role in fueling industries, homes, and power grids by ensuring the efficient and safe flow of energy materials. Notable features include its expansive reach into various sectors such as power generation, petrochemicals, and transportation. Given the extensive energy demand in the U.S. and Canada, Kinder Morgan’s infrastructure is pivotal in delivering consistent and reliable energy supplies, making it a significant component of the energy market. The company's operations have substantial implications for energy distribution efficiency and contribute significantly to the energy economy, impacting everything from logistical considerations to pricing models in energy markets.
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