The company said Net income attributable to KMI fell to $594 million in the Q4 2023 from $670 million a year earlier, and DCF declined to $1,171 million from $1,217 million. It cited higher interest expense as the reason for the decline.

1. 01

   The company said Net income attributable to KMI fell to $594 million in the Q4 2023 from $670 million a year earlier, and DCF declined to $1,171 million from $1,217 million. It cited higher interest expense as the reason for the decline.

2. 02

   The company said it completed the acquisition of NextEra Energy Partners’ STX Midstream assets on December 28, 2023 for $1.815 billion and that its Net Debt-to-Adjusted EBITDA ratio at the end of Q4 2023 was 4.2.

3. 03

   The company presented a final 2024 budget that includes the STX Midstream acquisition, with EPS of $1.22, DCF per share of $2.26, and Adjusted EBITDA of $8.16 billion. It outlook a Net Debt-to-Adjusted EBITDA ratio of 3.9 times at the end of 2024.

4. 04

   The company said it repurchased approximately 31.5 million shares for approximately $522 million, at an average price of $16.56 per share, during 2023. It also said approximately $1.5 billion remains under the board-approved repurchase program.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.