Kinder Morgan Reports Strong Q4 Results and $10 Billion Project Backlog
Kinder Morgan Inc reported a 10% increase in adjusted EBITDA and a 22% rise in adjusted EPS for Q4, alongside a $10 billion project backlog and a quarterly dividend of $0.2925, up 2% from last year. Natural gas transport volumes rose by 9%, while refined products and crude volumes saw declines of 2% and 8%, respectively. CEO Kimberly Allen Dang emphasized a focus on power projects and plans for $3 billion in annual capital expenditures funded through cash flow.
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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.
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