=Kinder Morgan (KMI) reported earnings on Wed 17 Jul 24 (a/h)

 

HOUSTON (AP) — HOUSTON (AP) — Natural gas pipeline giant Kinder Morgan Inc. (KMI) on Wednesday reported second-quarter profit of $575 million.

On a per-share basis, the Houston-based company said it had profit of 26 cents. Earnings, adjusted for non-recurring gains, were 25 cents per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 25 cents per share.

The oil and natural gas pipeline and storage company posted revenue of $3.57 billion in the period.

Kinder Morgan expects full-year earnings to be $1.22 per share.

Investors are bullish on the stock because of the company’s prospects to supply energy for the AI data center boom.

=Kinder Morgan (KMI) reported earnings on Wed 21 Oct 2020 (a/h)

 

Kinder Morgan beats by $0.01, reports revs in-line, expects FY20 DCF to be below original expectations

Reports Q3 (Sep) earnings of $0.21 per share, $0.01 better than the S&P Capital IQ Consensus of $0.20; revenues fell 9.2% year/year to $2.92 bln vs the $2.94 bln S&P Capital IQ Consensus.

2020 Outlook: For 2020, KMI's original budget contemplated DCF of approximately $5.1 billion ($2.24 per common share) and Adjusted EBITDA of approximately $7.6 billion. Because of the pandemic-related reduced energy demand and the sharp decline in commodity prices, the company expects DCF to be below plan by slightly more than 10% and Adjusted EBITDA to be below plan by slightly more than 8%. As a result, KMI expects to end 2020 with a Net Debt-to-Adjusted EBITDA ratio of approximately 4.6 times.

=Kinder Morgan (KMI) reported earnings on Wed 17 Oct 2018 (a/h)

Kinder Morgan reports EPS in-line, misses on revs

• Reports Q3 (Sep) earnings of $0.21 per share, excluding non-recurring items, in-line with the S&P Capital IQ Consensus of $0.21; revenues rose 7.2% year/year to $3.52 bln vs the $3.57 bln S&P Capital IQ Consensus

Outlook:

• Co said, "For 2018, KMI's budget contemplates declared dividends of $0.80 per common share, DCF of ~$4.57 billion ($2.05 per common share) and Adjusted EBITDA of ~$7.5 billion. We currently expect to exceed those DCF and Adjusted EBITDA targets. KMI forecasts to invest $2.5 billion in growth projects during 2018, up $300 million from the budget, to be funded with internally generated cash flow without the need to access capital markets. KMI also expects to beat its budgeted leverage metric of a year-end Net Debt-to-Adjusted EBITDA ratio of ~5.1 times and expects to end the year with a ratio of 4.6 times, consistent with the current quarter (this ratio excludes the public share of the Kinder Morgan Canada Limited (KML) cash proceeds from the Trans Mountain transaction of ~$0.9 billion)."

Earnings this week : October 15 - 19, 2018 (wk 42)

Earnings confirmed to report this week

Monday (Oct 15)

• Morning: BAC  
• Afternoon: JBHT

Tuesday (Oct 16)

• Morning: BLK  CMA FHN DPZ GS  GWW JNJ MS OMC PGR PLD  UNH
• Afternoon:  ADTN CREE CSX FULT HCSG HOPE HWC IBKR IBM  LRCX LTXB MRTN NFLX  PNFP SONC TACO  UAL UFPI

Wednesday (Oct 17)

• Morning: ABT ASML BMI MTB MTG NTRS SVU UNF USB WGO
• Afternoon:  AA BDN BXS CATY CCI CCK CNS EGBN KALU KMI SLG STLD TBK TCBI UMPQ URI WTFC

Thursday (Oct 18)

• Morning:  ADS BBT BK BX DHR DOV ERIC EWBC GPC GTLS HOMB IIIN KEY LNN MDSO NUE NVR NVS PM POOL PPG SAP SASR SBNY SNA SON TRV TSM TTS TXT WBC WBS
• Afternoon: AXP CP CE ETFC EXPO ISRG PYPL SKX WDFC WERN 

Friday (Oct 18)

• Morning: CLF HON IPG KSU MAN MINI PG RCI VFC

Thur Oct 18 a/h

=Kinder Morgan (KMI) reported earnings on Wed 18 Apr 2018 (a/h)

Kinder Morgan beats by $0.01, misses on revs; expects to meet or exceed FY18 DCF and Adjusted EBITDA targets 

• Reports Q1 (Mar) earnings of $0.22 per share, $0.01 better than the Capital IQ Consensus of $0.21; revenues fell 0.2% year/year to $3.42 bln vs the $3.56 bln Capital IQ Consensus. 
• For 2018, KMI's budget is set to declare dividends of $0.80 per common share and achieve DCF of ~$4.57 billion ($2.05 per common share) and Adjusted EBITDA of ~$7.5 billion, and it expects to meet or exceed those DCF and Adjusted EBITDA targets. KMI now forecasts to invest $2.3 billion in growth projects during 2018 (excluding growth capital expected to be funded by KML), up $100 million from the budget, to be funded with internally generated cash flow without the need to access capital markets. KMI also expects to meet or beat its budgeted leverage metric of a year-end Net Debt-to-Adjusted EBITDA ratio of ~5.1 times.

-=Kinder Morgan (KMI) reported earnings on Wed 17 Jan 2017 (AMC)

Kinder Morgan beats by $0.03, beats on revs; reaffirms dividend boost; sees FY18 adj. EBITDA +7.5% to $7.5 bln 

• Reports Q4 (Dec) earnings of $0.21 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $0.18; revenues rose 7.2% year/year to $3.63 bln vs the $3.52 bln Capital IQ Consensus. distributable cash flow (DCF) of $0.53 per common share, representing 4 percent growth over the fourth quarter of 2016, resulting in $910 million of excess DCF above the dividend. The increase in DCF was driven by greater contributions from the Natural Gas, Terminals and Products Pipelines Business Units, as well as from Kinder Morgan Canada, partially offset by decreased contributions from CO2.
• The board of directors approved a cash dividend of $0.125 per share for the fourth quarter ($0.50 annualized) payable on February 15, 2018, to common stockholders of record as of the close of business on January 31, 2018. KMI continues to expect to increase its dividend to $0.80 per share for 2018 ($0.20 per share for Q1 2018).
• For 2018, KMI's budget is set to declare dividends of $0.80 per common share, achieve DCF of ~$4.57 billion ($2.05 per common share) and Adjusted EBITDA of ~$7.5 billion. KMI also budgeted to invest $2.2 billion in growth projects during 2018 (excluding growth capital expected to be funded by KML), to be funded with internally generated cash flow without the need to access equity markets, and to end the year with a Net Debt-to-Adjusted EBITDA ratio of ~5.1 times. KMI previously announced it will further enhance shareholder value through a $2 billion share buy-back program. KMI's Board of Directors authorized the program to begin in December 2017, and during that month KMI repurchased ~14 million shares for ~$250 million. In 2018, KMI plans to further utilize this program opportunistically.

=Kinder Morgan Inc. (KMI) reported earnings on Wed 19 July 2017 (a/h)

HOUSTON (AP) _ Kinder Morgan Inc. (KMI) on Wednesday reported second-quarter profit of $376 million.

The Houston-based company said it had net income of 15 cents per share. Earnings, adjusted for non-recurring gains, were 14 cents per share.

The results met Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 14 cents per share.

The oil and natural gas pipeline and storage company posted revenue of $3.37 billion in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $3.12 billion.

Kinder Morgan shares have decreased 5 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 10 percent. In the final minutes of trading on Wednesday, shares hit $19.67, a decrease of 10 percent in the last 12 months.

=Kinder Morgan (KMI) reported earnings on Wed 20 Apr 2016 (a/h)

Kinder Morgan misses by $0.06, misses on revs; expects to declare dividends of $0.50 per share for 2016 :

• Reports Q1 (Mar) earnings of $0.12 per share, $0.06 worse than the Capital IQ Consensus of $0.18; revenues fell 11.2% year/year to $3.19 bln vs the $3.76 bln Capital IQ Consensus.
• Co approved a quarterly cash dividend of $0.125 ($0.50 annualized) payable on May 16, 2016, to shareholders of record as of the close of business on May 2, 2016.
• KMI expects to declare dividends of $0.50 per share for 2016 and use cash in excess of dividend payments to fund growth investments and strengthen its balance sheet.
• KMI's budgeted distributable cash flow available to common equity holders (i.e., after payment of preferred dividends) is approximately $4.7 billion and budgeted EBITDA is approximately $7.5 billion. Due to continued weakness in the energy sector in 2016, the company now expects EBITDA to be about 3 percent below its plan and distributable cash flow to be about 4 percent below its plan.
• KMI expects to generate excess cash sufficient to fund its growth capital needs without needing to access capital markets and expects to achieve its targeted year-end debt to EBITDA ratio of 5.5 times.
• KMI's growth capital forecast for 2016 is approximately $2.9 billion, a reduction of $400 million from its budget of approximately $3.3 billion and a reduction of $1.3 billion from its preliminary 2016 guidance of approximately $4.2 billion.

=Kinder Morgan (KMI) reported 4Q earnings on Wed 20 Jan 2016 (a/h)

** charts before earnings **



** charts after earnings **

• KMI : Reported Q4 adj EPS of $0.21 ($0.18 Cap IQ Consensus). Co said its fundamental business is doing well.

Kinder Morgan (KMI) reported earnings on 21 Oct 15 (a/h)

 ** charts before earnings **

** charts after earnings **

** 5 days later  **

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