Fri, Jul 19, 8:08 PM (50 days ago)
Kinder Morgan, Inc.'s Form 10-Q for the quarter ended June 30, 2024, shows stable financial performance. Revenues increased slightly by 2% to $3.57 billion for the quarter and remained relatively flat at $7.41 billion for the first half of 2024. Operating income was steady at $1.04 billion for the quarter and $2.26 billion for the six months. Net income attributable to Kinder Morgan, Inc. was $575 million for the quarter and $1.32 billion for the six months, reflecting minor changes from the prior year. Adjusted EBITDA and DCF also showed modest growth. The company declared a quarterly dividend of $0.2875 per share. Key drivers included higher service revenues and contributions from new acquisitions, partially offset by lower commodity sales and increased operational costs. The company maintains strong liquidity with $2.7 billion available under its credit facility. Future uncertainties include regulatory impacts and ongoing litigation.