AI English summary of an SEC filing — figures as filed
Kinder Morgan KMIKinder Morgan said net income attributable to KMI for Q4 2024 was $667 million, compared to $594 million in the prior-year quarter, earnings per share was $0.30, and Adjusted EBITDA was $2,063 million, up 7% versus the prior-year quarter.
Key points
AI summaryKinder Morgan said net income attributable to KMI for Q4 2024 was $667 million, compared to $594 million in the prior-year quarter, earnings per share was $0.30, and Adjusted EBITDA was $2,063 million, up 7% versus the prior-year quarter.
The company said Adjusted Segment EBDA for Q4 was $1,438 million for Natural Gas Pipelines compared to $1,330 million in the prior-year quarter, $302 million for Products Pipelines compared to $278 million, $282 million for Terminals compared to $266 million, and $162 million for CO2 compared to $170 million.
Kinder Morgan said its 2025 budget includes net income attributable to KMI of $2.8 billion, up 8% versus 2024, Adjusted EPS of $1.27, Adjusted EBITDA of $8.3 billion, and an ending Net Debt-to-Adjusted EBITDA ratio of 3.8 times. It said these amounts do not include contributions from the Outrigger Energy II acquisition.
Kinder Morgan said it is proceeding with its approximately $1.7 billion Trident Intrastate Pipeline project. The company also said Hiland Partners Holdings LLC agreed to purchase a natural gas gathering and processing system in North Dakota from Outrigger Energy II for $640 million.
Summary
AI-writtenAnalysis 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.
Q4 net income attributable to KMI approximately $667 million, Adjusted EBITDA $2,063 million
Kinder Morgan said net income attributable to KMI for Q4 2024 was $667 million, compared to $594 million in the prior-year quarter, earnings per share was $0.30, and Adjusted EBITDA was $2,063 million, up 7% versus the prior-year quarter.
Source · Based on the filing body and exhibits
Q4 Adjusted Segment EBDA by Business Segment
The company said Adjusted Segment EBDA for Q4 was $1,438 million for Natural Gas Pipelines compared to $1,330 million in the prior-year quarter, $302 million for Products Pipelines compared to $278 million, $282 million for Terminals compared to $266 million, and $162 million for CO2 compared to $170 million.
Source · Based on the filing body and exhibits
2025 budget: net income attributable to KMI $2.8 billion, Adjusted EBITDA $8.3 billion
Kinder Morgan said its 2025 budget includes net income attributable to KMI of $2.8 billion, up 8% versus 2024, Adjusted EPS of $1.27, Adjusted EBITDA of $8.3 billion, and an ending Net Debt-to-Adjusted EBITDA ratio of 3.8 times. It said these amounts do not include contributions from the Outrigger Energy II acquisition.
Source · Based on the filing body and exhibits
Trident Pipeline Project and Outrigger Energy II Acquisition Agreement
Kinder Morgan said it is proceeding with its approximately $1.7 billion Trident Intrastate Pipeline project. The company also said Hiland Partners Holdings LLC agreed to purchase a natural gas gathering and processing system in North Dakota from Outrigger Energy II for $640 million.
Source · Based on the filing body and exhibits
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.
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