Categories Earnings, Energy

A visual representation of Kinder Morgan’s (KMI) Q1 2020 earnings results

Kinder Morgan, Inc. (NYSE: KMI) reported Q1 2020 earnings results today. The company posted net loss attributable to KMI of $306 million, compared to net income attributable to KMI of $556 million in the same period last year, mainly due to $950 million of non-cash impairments of assets and goodwill associated with certain oil and gas producing assets in the CO2 segment driven by the recent decline in crude oil prices.

Kinder Morgan Q1 2020 Earnings Results

For 2020, Kinder Morgan had estimated DCF of approx. $5.1 billion, or $2.24 per common share, and adjusted EBITDA of approx. $7.6 billion. Due to the COVID-19 pandemic-related reduced energy demand and the sharp decline in commodity prices, the company now expects DCF to be below plan by about 10% and adjusted EBITDA to be below plan by around 8%. 

The board of directors approved a cash dividend of $0.2625 per share for the first quarter, payable on May 15, 2020, to common stockholders of record as of May 4, 2020. This dividend amounts to $1.05 on an annualized basis and represents a 5% increase over the fourth quarter of 2019.

Past Performance

Most Popular

Key highlights from Autodesk (ADSK) Q4 2021 earnings results

Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per

Infographic: Beyond Meat (BYND) reports wider Q4 loss; Revenue up 4%

Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus

Virgin Galactic stock tanks on delayed test flight

Virgin Galactic (NYSE: SPCE) reported fourth-quarter 2020 financial results after the regular market hours on Thursday. The space tourism company reported zero revenue in the fourth quarter, compared to $529,000

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top