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Kinder Morgan Q1 Adjusted Earnings Increase, Revenue Drops
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Kinder Morgan Q1 Adjusted Earnings Increase, Revenue Drops
Apr 17, 2024 1:44 PM

04:28 PM EDT, 04/17/2024 (MT Newswires) -- Kinder Morgan ( KMI ) reported Q1 adjusted earnings Wednesday of $0.34 per share, up from $0.30 a year earlier.

Analysts polled by Capital IQ expected $0.34.

Revenue in the quarter ended March 31 fell to $3.84 billion from $3.88 billion a year earlier.

Analysts surveyed by Capital IQ expected $4.38 billion.

Kinder Morgan ( KMI ) maintained its 2024 EPS outlook of $1.22. Analysts polled by Capital IQ expect $1.25.

The company said its board increased the quarterly dividend to $0.2875 a share from $0.2825. It's payable May 15 to shareholders of record April 30.

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