Kinder Morgan said revenues in 2024 decreased $234 million compared to 2023. The company said product sales declined $398 million, natural gas sales declined $326 million, and services revenues increased $515 million.

1. 01

   Kinder Morgan said revenues in 2024 decreased $234 million compared to 2023. The company said product sales declined $398 million, natural gas sales declined $326 million, and services revenues increased $515 million.

2. 02

   Kinder Morgan said cash provided by operating activities was $5,635 million in 2024 and $6,491 million in 2023, a decrease of $856 million. The company cited a cash decrease of $843 million in 2023 related to advance payments of fixed reservation charges on long-term transportation and terminal service contracts as a factor in the year-to-year change.

3. 03

   Kinder Morgan said it received net proceeds of $2,230 million from the issuance of senior notes on February 1, 2024 and $1,235 million from an issuance on July 31. The principal amount of debt subject to variable interest rates was $3,621 million (11%) as of the end of 2024 and $8,253 million (26%) as of the end of 2023.

4. 04

   Kinder Morgan said it expects to declare dividends of $1.17 per share for 2025, and declared dividends of $1.15 per share for 2024. The company said it expects to invest $2.3 billion in discretionary capital expenditures during 2025 and that approximately $1.5 billion remained available under its share repurchase authorization of $3 billion.

Key figures

Fiscal year ended December 31, 2024

Revenue

$13.5B

Operating income

$4.4B

Net income

$2.6B

EPS

$1.17

Operating cash flow

$5.6B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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.