KINDER MORGAN Reports Increase in Revenue & Net Income for Fourth Quarter of FY2022
January 30, 2023
Earnings report
KINDER MORGAN ($NYSE:KMI), a leading energy infrastructure company, reported its earnings results for the fourth quarter of FY2022, ending December 31, 2022. KINDER MORGAN provides natural gas, refined petroleum products, crude oil, and other products and services in the United States and Canada. On January 18, 2023, KINDER MORGAN reported a total revenue of USD 670.0 million, an increase of 5.2% when compared to the same period in the previous year. Net income was also up 3.5% from the year prior to USD 4579.0 million. KINDER MORGAN has seen consistent growth in its revenue and net income over the past year. This could be attributed to the company’s focus on efficient operations, cost-controls and capital discipline. The company’s strategy of focusing on long-term contracts and partnership with customers has enabled it to secure revenue growth. Additionally, the company’s efforts to reduce capital spending and optimize its portfolio have resulted in increased profitability. Moreover, KINDER MORGAN has also been investing in new projects that create value for its shareholders. These projects include investments in liquefied natural gas (LNG) terminals, crude oil pipelines and natural gas pipelines. The expansion of these projects has helped the company increase its customer base and generate more revenue.
In addition, KINDER MORGAN has also been actively pursuing acquisitions to expand its scope of operations. Overall, KINDER MORGAN’s fourth quarter of FY2022 saw a significant increase in both revenue and net income. This is indicative of the company’s focus on efficient operations and cost-controls as well as its commitment to creating value for its shareholders. Going forward, KINDER MORGAN is expected to continue to grow and expand its operations, as it strives to remain a leader in the energy infrastructure industry.
Price History
On Wednesday, the stock opened at $18.9 and closed at $18.4, down by 2.4% from the previous closing price of 18.8. The increased revenue and net income were primarily driven by strong performances in the Natural Gas Pipelines and Products Pipelines segments. Overall, KINDER MORGAN’s financial performance in the fourth quarter of 2022 was satisfactory, with increases in both revenue and net income. The company’s management remains confident that its strategies will continue to drive growth and create value for shareholders in the future. 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 medium risk investment in terms of financial and business aspects, according to the VI Risk Rating. This rating is based on a company’s fundamentals that reflect its long term potential, and it can be easily accessed through the VI App. The app has detected 3 risk warnings in the income sheet, balance sheet, and cash flow statement of KINDER MORGAN. In terms of financial risk, KINDER MORGAN has a moderately high debt to equity ratio. This could indicate that the company may not be able to generate enough cash flow to pay off its debt obligations in the future. Additionally, the company has a high current ratio, indicating that it may be having difficulty managing its working capital. In terms of business risk, KINDER MORGAN’s return on equity is low, indicating that the company may not be able to generate enough profits from its investments. Furthermore, the company’s operating margin is low, indicating that it may not be able to generate enough profits from its operations. Overall, KINDER MORGAN is a medium risk investment in terms of financial and business aspects. Registered users of the VI App can access more detailed information about the company’s risks and potential return on investment. 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 Inc. reported its financial results for the fourth quarter of FY2022, ending December 31, 2022, indicating an increase in revenue and net income from the same period in the previous year. Total revenue was USD 670.0 million, a 5.2% rise from the previous year, while net income was USD 4579.0 million, a 3.5% rise from the same time last year. These results signal a positive outlook for Kinder Morgan’s stock value, as investors are likely to be encouraged by the company’s revenue and net income growth. Furthermore, the company’s ability to generate consistent revenue and income in a challenging macroeconomic environment, coupled with the fact that it has maintained a healthy balance sheet, will likely attract investors looking for a reliable stock. As Kinder Morgan continues to focus on delivering strong financial performance and increasing shareholder value, investors should keep an eye out for future earnings reports and any new developments that could impact the company’s stock value.
Additionally, investors should evaluate the company’s competitive advantages and its potential for growth in order to make an informed decision about investing in Kinder Morgan’s stock.
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