Article

Kinder Morgan Inc reported a 10% increase in adjusted EBITDA and a 22% rise in adjusted EPS for Q4. The company has a $10 billion project backlog, with S&P upgrading its rating to BBB+. Natural gas transport volumes rose by 9%, while refined products and crude volumes declined by 2% and 8%, respectively.

A quarterly dividend of $0.2925 was declared, up 2% from last year. The company faces competition in project acquisition, particularly in the Southeast and Midwest, and uncertainties exist regarding projects like the Western Gateway Pipeline. CEO Kimberly Allen Dang highlighted the focus on power projects and plans for $3 billion annual CapEx funded through cash flow.