Kinder Morgan Inc (NYSE:KMI) reported first-quarter financial results after the market close on Wednesday. Here’s a look at the key details from the quarter.
Q1 Earnings: Kinder Morgan reported first-quarter revenue of $4.24 billion, missing the consensus estimate of $4.08 billion, according to Benzinga Pro. The energy infrastructure company reported adjusted quarterly earnings of 34 cents per share, missing analyst estimates of 35 cents per share.
Kinder Morgan reported first-quarter net income attributable to the company of $717 million, and adjusted EBITDA of $2.16 billion, up 1% year-over-year.
The company highlighted 8% backlog growth, driven by strong natural gas demand. Kinder Morgan noted that it’s actively pursuing “well over” 5 billion cubic feet per day of opportunities to serve the natural gas power generation sector.
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The company’s board approved a cash dividend of $0.2925 per share for the first quarter, payable on May 15 to shareholders of record as of April 30. Kinder Morgan expects to declare dividends of $1.17 per share in total for 2025.
“Obviously we are going through turbulent times, with some voicing fears of an economic downturn. History shows that our company is largely insulated against temporary volatility, due to our time-tested business model structured around long-term take-or-pay, fee-based contracts with credit-worthy customers. As has been the case in past periods of economic instability, our company can be a safe haven during the storm,” said Richard Kinder, executive chairman of Kinder Morgan.
“Looking past this temporary turbulence, we see a bright future based on robust market fundamentals combined with regulatory relief and a commitment to expediting energy infrastructure projects at the federal level.”
Guidance: Kinder Morgan expects full-year 2025 earnings of $1.27 per share versus Benzinga Pro estimates of $1.28 per share. Kinder Morgan expects full-year net income attributable to the company to be up 8% compared to 2024.
Kinder Morgan executives will further discuss the quarter on a conference call with investors and analysts at 4:30 p.m. ET.
KMI Price Action: Kinder Morgan shares were up 0.37% after hours, trading at $27.105 at the time of publication Wednesday, according to Benzinga Pro.
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