Kinder Morgan Q2 EPS flat at $0.26, adjusted EPS up 4%; quarterly dividend up 2% to $0.2875
Kinder Morgan reported preliminary second quarter 2024 results, with EPS flat at $0.26 and net income attributable to KMI down to $575 million from $586 million. Distributable cash flow rose to $1,100 million from $1,076 million, and the board approved a $0.2875 per share dividend, 2% above the second quarter of 2023. The company said 2024 results are expected to be roughly in line with its budget, which matters to shareholders because it signals the dividend and cash flow outlook.
Key points
- Second quarter EPS of $0.26, flat versus the second quarter of 2023; adjusted EPS up 4%
- Net income attributable to KMI of $575 million, compared with $586 million a year earlier
- DCF of $1,100 million, up from $1,076 million; DCF per share of $0.49, up 2%
- Dividend of $0.2875 per share payable August 15, 2024 to holders of record on July 31, 2024; full-year 2024 expected to be on budget or within 1-2% below
The filing
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 July 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.