Categories AlphaGraphs, Earnings, Energy

KMI Earnings: Kinder Morgan Q1 2024 adjusted profit increases; revenue drops

Kinder Morgan, Inc. (NYSE: KMI) reported higher adjusted earnings for the first quarter of 2024 despite a decrease in revenues. The energy infrastructure company also issued guidance for the full fiscal year.

Kinder Morgan Q1 2024 earnings infographic

First-quarter earnings, excluding special items, increased to $0.34 per share from $0.30 per share a year earlier and matched expectations. Net income attributable to shareholders, on an unadjusted basis, was $746 million or $0.33 per share in Q1, compared to $679 million or $0.30 per share in the same period of 2023.

Revenues decreased to $3.84 billion in the March quarter from $3.89 billion in the prior-year quarter and missed analysts’ estimates. The company expects distributable cash flow to be $5 billion and adjusted EBITDA to be $8.16 billion at the end of fiscal 2024.

Prior Performance

  • Kinder Morgan Q3 2023 earnings infographic

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Infographic: Key highlights from Macy’s (M) Q1 2024 earnings results

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Here are a few reasons why Beyond Meat (BYND) appears to be beyond hope

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