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AI brief of an SEC Form 8-K · Kinder Morgan (KMI)

Kinder Morgan Q4 EPS falls 10% to $0.27; 2024 budget raised to $1.22 EPS

Mixed Impact 4 of 5 earnings Written later

Kinder Morgan reported fourth-quarter 2023 EPS of $0.27 and net income attributable to KMI of $594 million, both down from the fourth quarter of 2022, mainly due to higher interest expense. The company raised its 2024 budget to include the $1.815 billion STX Midstream acquisition, which lifts budgeted 2024 EPS to $1.22, up 15% versus 2023, while keeping the 2024 dividend expectation of $1.15 per share unchanged.

Key points

  • Q4 2023 EPS was $0.27, down 10% from Q4 2022; net income attributable to KMI was $594 million versus $670 million.
  • Updated 2024 budget EPS is $1.22, up 15% versus 2023, and DCF per share is $2.26; the budget now includes the STX Midstream acquisition closed December 28, 2023.
  • Board approved a quarterly dividend of $0.2825 per share, payable February 15, 2024, to holders of record as of January 31, 2024.
  • Year-end Net Debt-to-Adjusted EBITDA ratio was 4.2 times; the company repurchased about $522 million of shares in 2023.

The filing

CompanyKinder Morgan (KMI)
Form8-K, current report
Filed with the SECJan 17, 2024, 4:16 PM ET
Accession number0001506307-24-000004

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 17, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.