04:41 PM EST, 12/09/2024 (MT Newswires) -- Kinder Morgan ( KMI ) late Monday said it is expecting 2025 adjusted net income of $1.27 per diluted share, up from its current 2024 forecast looking for $1.17.

Analysts polled by FactSet, on average, are looking for $1.18 and 1.25, for fiscal 2024 and 2025, respectively.

The oil and gas pipeline company also said it expects to invest around $2.3 billion in discretionary capital expenditures next year, which would include expansion projects and contributions to joint ventures. The capex will be funded out of internally generated cash flow.

The Kinder Morgan ( KMI ) board of directors are expecting to finalize their 2025 projections at a board meeting next month, expected to coincide with Q4 financial report, scheduled for Jan. 22.