KINDER MORGAN Reports FY2022 Q4 Earnings Increase of 5.2%, Net Income Increase of 3.5%
January 31, 2023
Earnings report
KINDER MORGAN ($NYSE:KMI), a leading energy infrastructure company, recently reported its earnings results for the fourth quarter of FY2022, ending on December 31, 2022. On January 18, 2023, the company announced that it had a total revenue of USD 670.0 million, a 5.2% year-over-year increase.
Additionally, net income increased by 3.5%, amounting to USD 4579.0 million. KINDER MORGAN is a publicly traded company that is involved in the transportation, storage and distribution of natural gas, natural gas liquids, carbon dioxide and oil products. KINDER MORGAN reported strong earnings for the fourth quarter of FY2022, indicating that the company has maintained its financial strength despite the economic downturn caused by the pandemic. This increase in earnings was primarily a result of higher crude oil and natural gas production, as well as higher transportation and storage fees due to increased demand. Overall, KINDER MORGAN has demonstrated a commitment to operational excellence and financial stability, delivering strong results for the fourth quarter of FY2022. The company’s ability to increase its earnings in this challenging environment is a testament to its sound business strategy and leadership. Going forward, KINDER MORGAN looks forward to continuing to serve its customers with reliable energy solutions while striving to improve its financial results in the future.
Market Price
Kinder Morgan reported on Wednesday that their fourth quarter earnings had increased by 5.2%, with net income increasing by 3.5%. The news came as a surprise to many investors, who had been expecting the company to report a decline in their earnings. Kinder Morgan stock opened at $18.9 on Wednesday and closed at $18.4, down by 2.4% from their previous closing price of 18.8. This decline in the company’s share price indicates that investors may have been expecting even better results from the company. Kinder Morgan’s increase in earnings was largely driven by higher oil and gas prices. This allowed the company to generate higher revenue from its operations in the fourth quarter than in the previous quarter.
The company also reported that its operating costs had decreased during this period, allowing them to increase their profits. This growth in cash flow was driven by strong performance in the company’s upstream and midstream businesses. Overall, Kinder Morgan’s fourth quarter earnings were a positive sign for the company, indicating that they are continuing to perform well despite the challenging market conditions. Investors will be hoping that these positive results will continue in the future and that the company will continue to drive increased profits and cash flow. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kinder Morgan. More…
| Total Revenues | Net Income | Net Margin |
| 19.2k | 2.55k | 13.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kinder Morgan. More…
| Operations | Investing | Financing |
| 4.83k | -2.31k | -3.46k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kinder Morgan. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 70.08k | 37.96k | 13.67 |
Key Ratios Snapshot
Some of the financial key ratios for Kinder Morgan are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.3% | 0.8% | 21.0% |
| FCF Margin | ROE | ROA |
| 17.2% | 8.2% | 3.6% |
VI Analysis
KINDER MORGAN is a company with potential long-term growth and success. The VI Star Chart analysis reveals that the company has an intermediate health score of 6/10 with regards to its cashflows and debt, suggesting that the company is likely to be able to pay off its debts and fund its future operations. KINDER MORGAN is classified as a “rhino”, a type of company that has achieved moderate revenue or earnings growth. Investors looking for dividends may be attracted to KINDER MORGAN, as the company is strong in this area. However, investors seeking higher levels of growth and profitability may be more hesitant, as KINDER MORGAN is only medium in these areas. The company is also weak in terms of assets, meaning investors looking for a secure asset may not find KINDER MORGAN to be a suitable investment. Overall, KINDER MORGAN appears to be a company with potential for long-term growth, but investors should carefully consider their own needs and goals before investing. The company may be attractive to those looking for dividend income, but those seeking high levels of growth or asset protection may want to look elsewhere. More…
VI Peers
Kinder Morgan Inc is a leading pipeline transportation and energy storage company in North America. The company operates in three segments: Natural Gas Pipelines, Products Pipelines, and Terminals. Kinder Morgan’s competitors include ONEOK Inc, Kinetik Holdings Inc, and Keyera Corp.
– ONEOK Inc ($NYSE:OKE)
ONEOK Inc. is one of the largest energy midstream service providers in the United States. It owns and operates natural gas liquids (NGL) gathering, processing, transportation and storage assets, as well as natural gas pipelines. The company’s NGL business includes the gathering, processing and transportation of NGLs, as well as the storage and marketing of propane, butane and natural gasoline. The company’s natural gas business includes the transportation of natural gas through an interstate natural gas pipeline system.
– Kinetik Holdings Inc ($NASDAQ:KNTK)
Kinetik Holdings Inc is a publicly traded company with a market capitalization of 1.54 billion as of 2022. The company has a return on equity of 5.46%. Kinetik Holdings is engaged in the business of providing a range of energy storage solutions. The company’s products are used in a variety of applications including automotive, residential, commercial and industrial.
– Keyera Corp ($TSX:KEY)
Keyera Corp is a Canadian company that owns and operates energy infrastructure assets. Its business segments include natural gas gathering and processing, natural gas liquids (NGL) extraction and fractionation, transportation, storage and marketing, and power generation. The company has a market cap of 6.31B as of 2022 and a Return on Equity of 17.57%.
Summary
Kinder Morgan is a strong investment opportunity for those looking to add a company with consistent growth and profitability to their portfolio. The company’s fourth quarter of fiscal year 2022 saw an increase in revenue of 5.2% year over year, amounting to USD 670.0 million. Net income for the same period increased by 3.5%, amounting to USD 4579.0 million. This growth is indicative of a strong financial standing, making Kinder Morgan an attractive option for investors. This provides investors with a steady income stream that has been consistently growing since the company’s inception.
Additionally, Kinder Morgan has a committed and experienced management team which has successfully navigated the company through the Covid-19 pandemic, ensuring that its operations remain successful. Kinder Morgan’s portfolio contains a variety of assets across multiple industries, making it a relatively low-risk investment as it diversifies its operations and reduces the overall risk of a single industry. It also has a strong presence in both the US and Canada, allowing it to capitalize on different markets and economies. With its geographic and industry diversification, and its ability to navigate turbulent periods successfully, it is an attractive option for investors looking for long-term stability.
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