NYSE$KMI

Kinder Morgan Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Kinder Morgan's financial performance was strong, marked by increased EPS and the announcement of the Trident Intrastate Pipeline Project.

Kinder Morgan reported a strong fourth quarter with increased EPS and Adjusted EPS compared to the fourth quarter of 2023. The company announced the Trident Intrastate Pipeline Project and highlighted the increased demand for natural gas.

  • EPS increased by 11% compared to the fourth quarter of 2023.
  • Adjusted EPS increased by 14% compared to the fourth quarter of 2023.
  • Net income attributable to KMI was $667 million, compared to $594 million in the fourth quarter of 2023.
  • Adjusted EBITDA increased by 7% versus the fourth quarter of 2023.

Headline financials

Total Revenue

$3.99B

Previous: $4.04B-1.3%
EPS (adj)

$0.32

Previous: $0.28+14.3%
Capital Expenditures

-$714M

Previous: $628M-213.7%
Free Cash Flow

$700M

No prior period
Net Income

$667M

Previous: $594M+12.3%
Operating Income

$1.11B

Previous: $1.11B+0.2%
Gross Profit

$1.39B

Previous: $1.38B+0.9%

Revenue & EPS history

Kinder Morgan · Revenue · Quarterly

$3.99B

Q4 2024-1.3%vs Q4 2023
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Forward guidance

KMI provided its 2025 outlook, including budgeted net income, Adjusted EPS, and Adjusted EBITDA.

Tailwinds

  • KMI budgeted net income attributable to KMI of $2.8 billion, up 8% versus 2024.
  • Adjusted EPS of $1.27, up 10% from 2024.
  • KMI expects to declare dividends of $1.17 per share for 2025, a 2% increase from the dividends declared for 2024.
  • Adjusted EBITDA of $8.3 billion, up 4% versus 2024.
  • To end 2025 with a Net Debt-to-Adjusted EBITDA ratio of 3.8 times.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-0.1%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+0.2%

Avg return

30 days after

47%

29 / 62 earnings

Positive

+10.6%

Q4 2015

Best reaction

-6.8%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%-0.1%+6.2%
Q4 2025+1.6%+3.5%+14.5%
Q3 2025-4.8%-5.4%-2.1%
Q2 2025-0.7%-1.0%+2.7%
Q1 2025+0.6%-1.3%+4.2%
Q4 2024-1.0%-10.8%-14.2%
Q3 2024+0.2%-0.1%+10.1%
Q2 2024+4.0%+8.0%+4.2%
Q1 2024+2.9%+6.4%+11.4%
Q4 2023-2.9%-3.7%-4.0%
Q3 2023-1.8%-2.0%-2.1%
Q2 2023+2.1%+4.8%+0.9%
Q1 2023-2.0%-0.5%-6.7%
Q4 2022-0.4%-0.3%-5.8%
Q3 2022-3.7%-2.8%+3.7%
Q2 2022+2.0%+4.1%+8.1%
Q1 2022+1.0%-5.1%-2.9%
Q4 2021-1.5%-2.1%-6.2%
Q3 2021-5.0%-3.3%-12.4%
Q2 2021+0.0%+2.1%-8.8%
Q1 2021-1.1%+2.2%+13.1%
Q4 2020-1.9%-1.9%-3.8%
Q3 2020+2.2%-2.4%+12.4%
Q2 2020-4.0%-5.9%-6.5%
Q1 2020-1.7%+3.9%+6.6%
Q4 2019+4.0%+1.7%+5.8%
Q3 2019-0.5%-0.1%+1.3%
Q2 2019-2.3%-0.7%-3.7%
Q1 2019-2.1%+1.1%+2.0%
Q4 2018+2.3%+4.0%+8.5%
Q3 2018+0.1%-2.7%-3.6%
Q2 2018+1.7%+0.1%+1.5%
Q1 2018+3.2%+2.6%+0.3%
Q4 2017-2.0%+1.2%-12.0%
Q3 2017-0.2%-3.0%-8.9%
Q2 2017+5.4%+4.3%-4.9%
Q1 2017-2.1%-2.5%-7.8%
Q4 2016-0.4%-1.8%-3.5%
Q3 2016+5.0%+7.1%+7.4%
Q2 2016-4.5%-4.9%+1.5%
Q1 2016-5.2%
Q4 2015+10.6%
Q3 2015-6.8%
Q2 2015-1.6%
Q1 2015+1.6%
Q4 2014+0.6%
Q3 2014+6.7%
Q2 2014+1.8%
Q1 2014+2.6%
Q4 2013+0.1%
Q3 2013+0.5%
Q2 2013-0.6%
Q1 2013-1.2%
Q4 2012+1.3%
Q3 2012-0.7%
Q2 2012-0.7%
Q1 2012-1.8%
Q4 2011+1.0%
Q3 2011+1.3%
Q2 2011-6.5%
Q1 2011+1.1%
Q4 2010+1.1%
Q3 2010
Q2 2010
Q1 2010

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