KMI Stock Recent News

KMI Q3 earnings get affected by decreased financial contributions from two segments. However, this is partially offset by lower total costs and expenses.

Kinder Morgan, Inc. (NYSE:KMI ) Q3 2024 Earnings Conference Call October 16, 2024 4:30 PM ET Company Participants Rich Kinder - Executive Chairman Kim Dang - Chief Executive Officer Tom Martin - President David Michels - Vice President and Chief Financial Officer Sital Mody - President, Natural Gas Pipelines Anthony Ashley - President, CO2 and Energy Transition Ventures Conference Call Participants John Mackay - Goldman Sachs Michael Blum - Wells Fargo Theresa Chen - Barclays Zack Van Everen - TPH Ann Salisbury - Bank of America Neal Dingmann - Truist Securities Jeremy Tonet - JPMorgan Keith Stanley - Wolfe Research Operator Welcome to the Quarterly Earnings Conference Call. At this time, all participants are in a listen-only mode.

Kinder Morgan (KMI) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.25 per share a year ago.

U.S. pipeline operator Kinder Morgan fell short of Wall Street estimates for third-quarter profit on Wednesday, weighed down by weaker commodity prices and lower crude volumes.

HOUSTON--(BUSINESS WIRE)--KMI's board of directors today approved a cash dividend of $0.2875 per share for the third quarter ($1.15 annualized), payable on November 15, 2024.

The Global X MLP & Energy Infrastructure ETF has shown strong performance, keeping pace with the S&P 500 over the past 24 months. Kinder Morgan is near 52-week highs, with a 47% total return in 2024, but now trades at a somewhat stretched valuation. Despite a favorable outlook, KMI's forward P/E ratio of 20.6 and overbought technical indicators suggest caution.

Factors like expanding LNG exports, robust natural gas demand and long-term contracts are likely to have aided KMI's financial performance in Q3.

A U.S. appeals court on Friday put on hold approvals and permits necessary to allow a Kinder Morgan subsidiary to construct a 32-mile gas pipeline in Tennessee, at the urging of environmental groups.

BofA Securities has upgraded Kinder Morgan KMI, an energy infrastructure company that owns and controls oil and gas pipelines and terminals. The analyst notes stabilized base business.

Kinder Morgan offers investors a very attractive dividend yield.