Kinder Morgan (KMI) Beats on Q1 Earnings, Hikes Dividend

Kinder Morgan, Inc. (KMI) reported first-quarter 2024 adjusted earnings per share of 34 cents, beating the Zacks Consensus Estimate by a penny. The bottom line increased from the year-ago quarter’s earnings of 30 cents.Total quarterly revenues of $3.8 billion missed the Zacks Consensus Estimate of $4.4 billion. The top line also declined from $3.9 billion in the prior-year quarter.Strong quarterly earnings were primarily driven by increased financial contributions from the Natural Gas Pipelines, Products Pi ...