HOUSTON - Kinder Morgan Inc (NYSE:KMI). reported its fourth-quarter earnings, revealing a slight miss on expectations but maintaining a positive outlook for the year ahead. The energy infrastructure company announced an earnings per share (EPS) of $0.28, which fell short of the anticipated $0.31. Despite this, Kinder Morgan expressed confidence in its future performance, citing significant anticipated growth in EPS.
This optimism is partly based on the recent integration of NextEra South Texas assets, which the company expects to bolster its financial results. Kinder Morgan also noted an increase in transport volumes, with natural gas and renewable diesel showing particular strength.
In a move reflecting its commitment to returning value to shareholders, Kinder Morgan declared a dividend of $0.2825 per share. This represents a 2% increase from the previous year's dividend, underscoring the company's stable financial position and its ability to generate consistent shareholder returns.
Further emphasizing its focus on shareholder value, Kinder Morgan continues to implement a share repurchase program.
InvestingPro Insights
Kinder Morgan Inc.'s latest earnings report, while showing a slight miss on expectations, underscores a steady commitment to shareholder returns. Supporting this commitment, InvestingPro data reveals a robust dividend yield of 6.53%, which is attractive for income-focused investors. The company's P/E ratio stands at 16.17, suggesting a reasonable valuation in the current market context.
InvestingPro Tips highlight Kinder Morgan's reputation for stability, with the stock traditionally exhibiting low price volatility, which may appeal to conservative investors. Additionally, the company has raised its dividend for 6 consecutive years and has maintained dividend payments for 14 consecutive years, reflecting a strong track record of returning value to shareholders. While short-term obligations exceed liquid assets, analysts predict profitability for the current year, which is also supported by a profitable performance over the last twelve months.
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