04:43 PM EST, 01/22/2025 (MT Newswires) -- Kinder Morgan's ( KMI ) fourth-quarter earnings fell short of Wall Street's estimates as the energy infrastructure company's revenue unexpectedly slipped year-over-year.

Adjusted earnings per share increased 14% year-over-year to $0.32 during the three months through December, but missed the FactSet-polled consensus of $0.34. Revenue fell to $3.99 billion from $4.04 billion, versus analysts' $4.18 billion estimate.

The company recorded "increased financial contributions" from its natural gas pipelines, products pipelines and terminals divisions, Chief Executive Officer Kim Dang said in a statement.

Kinder Morgan ( KMI ) projects 2025 adjusted EPS to grow 10% year-over-year to $1.27, compared with the $1.33 consensus view. It forecasts West Texas Intermediate crude oil to close the year at an average price of $68 per barrel. WTI was at $75.41 in late-afternoon trading, down almost 0.6%.

The company said it is proceeding with a $1.7 billion Trident Intrastate Pipeline project, which spans 216 miles and is set to provide about 1.5 billion cubic feet per day of capacity to the liquefied natural gas and industrial corridor near Port Arthur, Texas.

Kinder Morgan ( KMI ) expects the project to be in service in the first quarter of 2027, subject to receiving all required approvals.

"With robust market fundamentals and a new administration committed to expediting energy infrastructure projects, the future looks bright," Executive Chairman Richard Kinder said.

The company increased its fourth-quarter dividend by 2% year-over-year to $0.2875 per share, payable Feb. 18 to stockholders as of Feb. 3.