Kinder Morgan Reports Fourth Quarter 2023 Financial Results

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Raises 2024 Financial Guidance to Include Acquisition;

Approves Cash Dividend of $0.2825 Per Share ($1.13 Annualized)

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HOUSTON — Kinder Morgan, Inc.’s (NYSE: KMI) board of directors today approved a cash dividend of $0.2825 per share for the fourth quarter ($1.13 annualized), payable on February 15, 2024, to stockholders of record as of the close of business on January 31, 2024. This dividend is a 2% increase over the fourth quarter of 2022.

The company is reporting:

• Fourth quarter earnings per share (EPS) of $0.27 and distributable cash flow (DCF) per share of $0.52, down 10% and 4%, respectively, compared to the fourth quarter of 2022.
• Net income attributable to KMI of $594 million, compared to $670 million in the fourth quarter of 2022.
• DCF of $1,171 million compared to $1,217 million in the fourth quarter of 2022.
• Adjusted Earnings of $633 million for the quarter versus $708 million in the fourth quarter of 2022.