Financial Performance - Third quarter earnings per share (EPS) of $0.28, up 17% compared to the third quarter of 2023[2] - Net income attributable to KMI of $625 million, compared to $532 million in the third quarter of 2023[2] - Adjusted EBITDA of $1,880 million, up 2% from $1,835 million in the third quarter of 2023[2] - 2024 budgeted net income attributable to KMI of $2.7 billion, up 15% versus 2023, and Adjusted EBITDA of $8.16 billion, up 8% versus 2023[7] - Q3 2024 revenues decreased to $3.699 billion from $3.907 billion in Q3 2023, a decline of 5.3%[46] - Net income attributable to Kinder Morgan, Inc. increased by 17% to $625 million in Q3 2024 compared to $532 million in Q3 2023[46] - Adjusted EPS remained flat at $0.25 in Q3 2024 compared to Q3 2023[46] - Basic and diluted earnings per share increased by 17% to $0.28 in Q3 2024 from $0.24 in Q3 2023[46] - Adjusted Net Income Attributable to Kinder Morgan, Inc. slightly decreased by 1% to $557 million in Q3 2024 from $562 million in Q3 2023[46] - Net income attributable to Kinder Morgan, Inc. increased by 17% to $625 million for the three months ended September 30, 2024, compared to $532 million in the same period in 2023[52] - Adjusted EBITDA grew by 2% to $1.88 billion for the three months ended September 30, 2024, compared to $1.835 billion in the same period in 2023[52] - Net income attributable to Kinder Morgan, Inc. increased from $2,391 million in 2023 to $2,540 million in 2024[64] - Adjusted EBITDA increased from $7,561 million in 2023 to $7,801 million in 2024[64] - Net income attributable to Kinder Morgan, Inc. for the three months ended September 30, 2024, was $625 million, up from $532 million in the same period in 2023[67] Cash Flow and Capital Expenditures - Cash flow from operations of $1.2 billion and free cash flow (FCF) of $0.6 billion after capital expenditures[3] - DCF (Distributable Cash Flow) for Q3 2024 was $1.096 billion, unchanged from Q3 2023[49] - DCF per share remained flat at $0.49 in Q3 2024 compared to Q3 2023[49] - Free cash flow (FCF) for the nine months ended September 30, 2024, was $2,268 million, down from $2,480 million in the same period in 2023[67] - Capital expenditures (GAAP) for the nine months ended September 30, 2024, were $1,857 million, up from $1,689 million in the same period in 2023[67] - FCF after dividends for the nine months ended September 30, 2024, was $353 million, down from $582 million in the same period in 2023[67] Segment Performance - Natural Gas Pipelines Segment EBDA increased to $1.294 billion for the three months ended September 30, 2024, up from $1.179 billion in the same period in 2023[56] - Products Pipelines Segment EBDA decreased to $278 million for the three months ended September 30, 2024, down from $311 million in the same period in 2023[56] - Terminals Segment EBDA rose to $268 million for the three months ended September 30, 2024, compared to $259 million in the same period in 2023[56] - CO Segment EBDA increased to $170 million for the three months ended September 30, 2024, up from $163 million in the same period in 2023[56] - Natural Gas Pipelines transport volumes increased to 44,824 BBtu/d for the three months ended September 30, 2024, compared to 43,937 BBtu/d in the same period in 2023[59] - Total refined product volumes for Products Pipelines were 1,676 MBbl/d for the three months ended September 30, 2024, slightly up from 1,656 MBbl/d in the same period in 2023[59] - Liquids leased capacity percentage for Terminals increased to 94.9% for the three months ended September 30, 2024, compared to 94.6% in the same period in 2023[59] Investments and Projects - Final investment decision reached for a $455 million expansion on the Gulf Coast Express Pipeline, increasing natural gas deliveries by 570 MMcf/d[4] - Project backlog at the end of the third quarter was $5.1 billion, with 86% allocated to lower-carbon energy investments[6] - Construction ongoing for the $154 million South Texas to Houston Market expansion project, expected to provide 500 MMcf/d to key markets[19] - Autumn Hills RNG facility expected to be placed into service December 2024 with an annual capacity of 0.8 Bcf, bringing total RNG generation capacity to 6.9 Bcf per year[25] Certain Items and Adjustments - Total Certain Items for the three months ended September 30, 2024, were $(68) million, compared to $30 million in the same period in 2023[33] - Total Certain Items for the nine months ended September 30, 2024, were $(83) million, compared to $(20) million in the same period in 2023[33] - Change in fair value of derivative contracts for the three months ended September 30, 2024, was $(20) million, compared to $37 million in the same period in 2023[33] - Change in fair value of derivative contracts for the nine months ended September 30, 2024, was $32 million, compared to $(93) million in the same period in 2023[33] - (Gain) loss on divestitures and impairment, net for the nine months ended September 30, 2024, was $(70) million, compared to $67 million in the same period in 2023[33] - Income tax Certain Items for the three months ended September 30, 2024, were $(49) million, compared to $(7) million in the same period in 2023[33] - Income tax Certain Items for the nine months ended September 30, 2024, were $(48) million, compared to $6 million in the same period in 2023[33] - Adjusted Net Income Attributable to Kinder Morgan, Inc. is calculated by adjusting net income attributable to Kinder Morgan, Inc. for Certain Items[33] - DCF (Distributable Cash Flow) is calculated by adjusting net income attributable to Kinder Morgan, Inc. for Certain Items, DD&A, income tax expense, cash taxes, and sustaining capital expenditures[35] - Adjusted EBITDA is calculated by adjusting net income attributable to Kinder Morgan, Inc. for Certain Items, DD&A, income tax expense, and interest[35] Dividends and Shares - Declared dividends per share increased by 2% to $0.2875 in Q3 2024 from $0.2825 in Q3 2023[46] - Weighted average shares outstanding for dividends decreased slightly to 2,235 million in Q3 2024 from 2,244 million in Q3 2023[49] Debt and Assets - Net Debt stood at $31.687 billion as of September 30, 2024, slightly down from $31.837 billion in the same period in 2023[61] - Total assets decreased slightly from $71,020 million in 2023 to $70,879 million in 2024[62] - Cash and cash equivalents increased from $83 million in 2023 to $108 million in 2024[62] - Long-term debt increased from $27,880 million in 2023 to $29,825 million in 2024[62] - Net Debt-to-Adjusted EBITDA ratio improved slightly from 4.2 in 2023 to 4.1 in 2024[63] Operating Costs and Expenses - Total operating costs, expenses, and other decreased to $2.684 billion in Q3 2024 from $2.969 billion in Q3 2023[46]

The world will need a lot more natural gas in the coming years.Natural gas demand is on track to grow sharply by 2030. The lower-carbon fuel is helping meet the accelerating demand for power in the U.S. and abroad, which is fueling robust and rising cash flows for natural gas-infrastructure operators, enabling them to pay attractive dividends and invest in expanding their operations. Kinder Morgan (KMI 4.13%) and Williams (WMB 2.04%) are two of the country's natural gas-infrastructure leaders. That makes th ...

Druckenmiller dumped shares of Nvidia in favor of two industry-leading businesses during the June-ended quarter.Important data releases aren't hard to come by on Wall Street. Monthly employment and inflation reports, coupled with earnings season (i.e., six weeks packed full of operating results from public companies), can make it easy for important data to fly under the radar.While most investors were focused on the heart of earnings season in mid-August, as well as the release of the July inflation report, ...

These three companies have what it takes to continue growing their businesses and pass along profits to shareholders through dividends.With the S&P 500 and Nasdaq Composite up over 20% year to date, investors may be feeling like the stock market is overvalued. And while certain pockets of the market are more expensive than in past years, that doesn't mean there aren't opportunities if you know where to look. In fact, now is the perfect time to filter out the noise, zoom out, and focus on companies you would ...

Lower interest rates make dividend stocks more desirable.The Federal Reserve lowered interest rates last week and could further cut rates in the coming months. Lower interest rates lower the cost of capital and can increase the return on investment for capital-intensive projects.Here's how the Fed's move can benefit energy pipeline company Kinder Morgan (KMI 0.51%) and why the high-yield dividend stock is worth buying now. Room for further balance-sheet improvementsSince the oil and gas downturn of 2014 and ...

Kinder Morgan (KMI) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this oil and natural gas pipeline and storage company have returned +3.9%, compared to the Zacks S&P 500 composite's +2% change. During this period, the Zacks Oil and Gas - Production and Pipelines industry, which Kinder Morgan falls in, has gained 3.2%. The key quest ...

Pipeline companies can produce lots of passive income.Owning dividend-paying stocks can be a great way to generate passive income. The average dividend stock yields around 1.5%. At that rate, a $1,000 investment would produce about $15 in dividend income each year. You can supercharge your dividend income by investing in stocks with higher-dividend yields. Pipeline stocks are great for those seeking a higher-octane income stream. Kinder Morgan (KMI 1.56%), Williams (WMB 0.91%), and Oneok (OKE 2.53%) are thr ...

Kinder Morgan (KMI) ended the recent trading session at $21.47, demonstrating a +1.56% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.13% for the day. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, lost 0.52%.Shares of the oil and natural gas pipeline and storage company have appreciated by 0.28% over the course of the past month, outperforming the Oils-Energy sector's loss of 2.9% and lagging the S&P 500's gain of 3.67%.The u ...

Kinder Morgan (KMI) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this oil and natural gas pipeline and storage company have returned -0.6%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Oil and Gas - Production and Pipelines industry, which Kinder Morgan falls in, has gained 2.7%. The key question now is: Wh ...

Kinder Morgan (KMI) ended the recent trading session at $21.12, demonstrating a -0.05% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 1.16% for the day. Meanwhile, the Dow experienced a rise of 1.2%, and the technology-dominated Nasdaq saw an increase of 1.16%.Prior to today's trading, shares of the oil and natural gas pipeline and storage company had gained 0.52% over the past month. This has outpaced the Oils-Energy sector's loss of 0.46% and ...