Kinder Morgan, Inc. (KMI)
Market Cap | 40.46B |
Revenue (ttm) | 15.29B |
Net Income (ttm) | 2.46B |
Shares Out | 2.22B |
EPS (ttm) | 1.09 |
PE Ratio | 16.72 |
Forward PE | 14.76 |
Dividend | $1.15 (6.31%) |
Ex-Dividend Date | Apr 29, 2024 |
Volume | 18,087,148 |
Open | 18.33 |
Previous Close | 18.28 |
Day's Range | 18.13 - 18.41 |
52-Week Range | 15.89 - 18.92 |
Beta | 0.89 |
Analysts | Hold |
Price Target | 20.57 (+12.84%) |
Earnings Date | Apr 17, 2024 |
About KMI
Kinder Morgan, Inc. operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities. Th... [Read more]
Financial Performance
In 2023, Kinder Morgan's revenue was $15.33 billion, a decrease of -20.14% compared to the previous year's $19.20 billion. Earnings were $2.39 billion, a decrease of -6.16%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for KMI stock is "Hold." The 12-month stock price forecast is $20.57, which is an increase of 12.84% from the latest price.
News
Kinder Morgan meets profit estimates on strength in natural gas pipeline segment
Pipeline and terminal operator Kinder Morgan on Wednesday reaffirmed its annual profit outlook and said it expects demand for natural gas to grow substantially between now and 2030.
Kinder Morgan Reports First Quarter 2024 Financial Results
HOUSTON--(BUSINESS WIRE)--KMI's board of directors today approved a cash dividend of $0.2875 per share for the first quarter ($1.15 annualized), payable on May 15, 2024.
Kinder Morgan Announces First Quarter ‘24 Earnings Webcast
HOUSTON--(BUSINESS WIRE)--KMI today announced it will release first quarter 2024 earnings results on Wednesday, April 17, 2024 after market close.
A Safe, Profitable Bet on the Green Transition
Midstream energy companies are especially attractive given how difficult it has been to add pipeline or storage capacity.
Kinder Morgan Announces Amy W. Chronis as Nominee for Election to Board of Directors
HOUSTON--(BUSINESS WIRE)--KMI today announced that its board of directors has nominated Amy W. Chronis to stand for election as a director.
Short sellers boosted by ‘Hedge Fund Nirvana' that sees most heavily-shorted companies suffer
Hedge funds with long/short strategies have benefited in 2024 from a macroeconomic environment that has hit the most heavily shorted stocks particularly hard compared to their less shorted rivals, a n...
Kinder Morgan remains bullish on natural gas demand growth
Kinder Morgan said on Wednesday it continues to have a bullish outlook for natural gas demand banking on higher demand from liquefied natural gas (LNG) export facilities and increased exports to Mexic...
Kinder Morgan to Hold 2024 Investor Day
HOUSTON--(BUSINESS WIRE)--Representatives of KMI intend to make presentations in Houston, Texas on January 24, 2024 at the Kinder Morgan 2024 Investor Day.
Kinder Morgan Reports Fourth Quarter 2023 Financial Results
HOUSTON--(BUSINESS WIRE)--KMI's board of directors today approved a cash dividend of $0.2825 per share for the fourth quarter ($1.13 annualized), payable on February 15, 2024.
Kinder Morgan Announces Fourth Quarter ‘23 Earnings Webcast
HOUSTON--(BUSINESS WIRE)--KMI today announced it will release fourth quarter 2023 earnings results on Wednesday, January 17, 2024 after market close.
Final Trades: Ferrari, American Express, Kinder Morgan, and Amazon
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Kinder Morgan Closes on the $1.815 Billion Acquisition of NextEra Energy Partners' South Texas Assets
HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today closed on its previously announced $1.815 billion acquisition of NextEra Energy Partners' South Texas assets (STX Midstream), which incl...
NextEra Energy Partners, LP completes sale of Texas natural gas pipeline portfolio
JUNO BEACH, Fla. , Dec. 28, 2023 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE: NEP) today announced it has closed on its previously disclosed agreement with Kinder Morgan, Inc. (NYSE: KMI) to sel...
Oil and gas stocks sees broad weakness as crude prices fall again
Shares of oil and gas companies were broadly, but lightly, lower in premarket trading Thursday, as crude oil prices fell for a second straight session amid easing Red Sea tensions. The Energy Select S...
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Kinder Morgan Announces 2024 Financial Expectations
HOUSTON--(BUSINESS WIRE)--KMI today announced its preliminary 2024 financial projections.
Kinder Morgan to Acquire NextEra's South Texas Gas Pipelines for $1.82 Billion
Kinder Morgan (KMI) plans to acquire NextEra Energy Partners' (NEP) South Texas assets, STX Midstream, for $1.82 billion, the companies said Monday.
Kinder Morgan to Purchase NextEra Energy Partners' Texas Pipeline For $1.8 Billion
Transaction to be funded with cash on hand and short-term debt, Kinder Morgan said.
Kinder Morgan to buy NextEra Energy Partners' Texas pipelines for $1.82 bln
U.S. pipeline operator Kinder Morgan said on Monday it would acquire NextEra Energy Partners' gas pipelines in South Texas for $1.82 billion.
NextEra Energy Partners, LP announces sale agreement for Texas natural gas pipeline portfolio
Definitive agreement represents key next step in executing transition plans Proceeds would address the majority of equity buyouts for convertible equity portfolio financings due through 2026 JUNO BEAC...
Kinder Morgan to Purchase NextEra Energy Partner's STX Midstream
HOUSTON--(BUSINESS WIRE)--KMI today announced that it has agreed to acquire NextEra Energy Partner's South Texas assets, STX Midstream, for $1.815 billion.
Kinder Morgan misses third-quarter profit estimates
Pipeline and terminal operator Kinder Morgan on Wednesday posted lower-than-expected profit for the third quarter as higher interest expenses offset strength in its natural gas and products pipeline s...
Kinder Morgan Reports Third Quarter 2023 Financial Results
HOUSTON--(BUSINESS WIRE)--KMI's board of directors today approved a cash dividend of $0.2825 per share for the third quarter ($1.13 annualized), payable on November 15, 2023.
Kinder Morgan Announces Third Quarter ‘23 Earnings Webcast
HOUSTON--(BUSINESS WIRE)--KMI today announced it will release third quarter 2023 earnings results on Wednesday, October 18, 2023 after market close.
Kinder Morgan says Idalia caused minimal damage to Florida terminals
Kinder Morgan on Wednesday said its Port Manatee, Port Sutton and Tampaplex terminals in Florida sustained minimal damage due to Hurricane Idalia, and that it was also planning to shut its Charleston ...