Kinder Morgan Q3 Earnings: Insights from KMI's Financial Results for 2024
Wednesday, 16 October 2024, 20:13
Kinder Morgan's Q3 Earnings Overview
On Wednesday, Kinder Morgan, Inc. (NYSE: KMI) announced its financial results for the third quarter of 2024. The energy infrastructure titan reported a net income of $0.25 per share, unchanged from the previous year when adjusted for special items.
Key Financial Metrics
- Net Income: $625 million or $0.28 per share, compared to $532 million or $0.24 per share in Q3 2023.
- Revenues: $3.70 billion, a decrease from $3.91 billion in the prior-year period.
- Distributable Cash Flow: KMI expects to reach $5 billion by the end of fiscal 2024.
This results report highlights Kinder Morgan's strategic positioning in the energy sector and reflects its continuous growth despite market challenges. For more detailed insights, please refer to the official announcement.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.