Overview

* Kinder Morgan ( KMI ) Q3 revenue beats analyst expectations

* Net income for Q3 slightly increases to $628 mln from $625 mln in 2024

* Company raises Q3 dividend by 2% to $0.2925 per share

Outlook

* Company expects 2025 net income of $2.8 bln, up 8% from 2024

* Kinder Morgan ( KMI ) projects 2025 adjusted EPS of $1.27, a 10% increase

* Company anticipates 2025 adjusted EBITDA of $8.3 bln, up 4%

Result Drivers

* NATURAL GAS PIPELINES - Increased financial contributions from Natural Gas Pipelines due to higher transport volumes and new contracts

* PRODUCTS PIPELINES - Higher transport rates and improved commodity price impact boosted Products Pipelines segment

* LNG DEMAND - Strong LNG demand and expansion projects drive growth in natural gas transport volumes

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $4.14 $4.06

Revenue bln bln (9

Analysts

)

Q3 Meet $0.29 $0.29

Adjusted (15

EPS Analysts

)

Q3 EPS $0.28

Q3 $648 mln

Adjusted

Net

Income

Q3 $0.29

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil & gas transportation services peer group is "buy"

* Wall Street's median 12-month price target for Kinder Morgan Inc ( KMI ) is $31.00, about 11.3% above its October 21 closing price of $27.50

* The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)