Kinder Morgan reported that first-quarter net income attributable to KMI was $717 million, down from $746 million in the first quarter of the prior year. Adjusted EBITDA was $2,157 million, up 1% versus the first quarter of the prior year.

1. 01

   Kinder Morgan reported that first-quarter net income attributable to KMI was $717 million, down from $746 million in the first quarter of the prior year. Adjusted EBITDA was $2,157 million, up 1% versus the first quarter of the prior year.

2. 02

   The company said adjusted Segment EBDA for the first quarter increased in Natural Gas Pipelines to $1,533 million from $1,516 million in the prior year and in CO2 to $182 million from $164 million, while Products Pipelines declined to $274 million from $291 million.

3. 03

   Kinder Morgan said cash flow from operations for the first quarter was $1.2 billion and free cash flow after capital expenditures was $0.4 billion. The Net Debt-to-Adjusted EBITDA ratio at the end of the quarter was 4.1 times.

4. 04

   The company reported that the project backlog at the end of the first quarter was $8.8 billion, net of approximately $225 million in projects placed in service. It also said it closed on the acquisition of Outrigger Energy II's natural gas gathering and processing system in North Dakota in February for $640 million.

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

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