KINDER MORGAN Reports Second Quarter Earnings for FY2023
July 26, 2023
☀️Earnings Overview
On July 19 2023, KINDER MORGAN ($NYSE:KMI) reported their second quarter earnings for FY2023, which ended on June 30 2023. Their total revenue for the quarter was USD 3501.0 million, a drop of 32.0% compared to the same period of the previous year. Net income also decreased by 7.7%, amounting to USD 586.0 million.
Stock Price
On Wednesday, KINDER MORGAN stock opened at $17.3 and closed at $17.3, up by 0.1% from the previous closing price of 17.3. This marks the company’s reported second quarter earnings for Fiscal Year 2023. KINDER MORGAN, one of the largest publicly traded energy companies in the US, reported second quarter earnings that saw a slight increase of 0.1% in its stock price. The company also shared its outlook for the future, citing the continued expansion of its pipeline infrastructure and its active involvement in capital projects. The company has recently completed several projects that will help it to meet its long-term goals of expanding its infrastructure.
These projects are expected to provide a boost to KINDER MORGAN’s earnings over the next few quarters. KINDER MORGAN’s second quarter earnings report has also highlighted the company’s strong financial position and its commitment to delivering value to its shareholders. The company is taking a proactive approach to managing its assets and liabilities, with a focus on creating a long-term value for shareholders. With its strategic investments in infrastructure and capital projects, KINDER MORGAN remains well-positioned for continued success in the coming quarters. 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 |
| 17.14k | 2.5k | 14.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kinder Morgan. More…
| Operations | Investing | Financing |
| 5.22k | -2.17k | -3.15k |
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 |
| 69.07k | 37.16k | 13.64 |
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 |
| 11.9% | 4.7% | 24.7% |
| FCF Margin | ROE | ROA |
| 20.4% | 8.6% | 3.8% |
Analysis
At GoodWhale, we have conducted a detailed analysis of KINDER MORGAN‘s fundamentals. After a thorough assessment, we have determined that KINDER MORGAN is a medium risk investment in terms of its financial and business aspects. During our analysis, we have detected three risk warnings that appear in KINDER MORGAN’s income sheet, balance sheet, and cashflow statement. To learn more about these risk warnings and to gain access to our detailed analysis, please become a registered user on our website. More…
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 has reported its second quarter earnings results for FY2023, which ended June 30 2023. Total revenue was USD 3501.0 million, a decrease of 32.0% compared to the same quarter of the previous year, while net income was USD 586.0 million, down 7.7%. While investors must take into account the decrease in revenue and income, KINDER MORGAN’s long term potential remains strong. Its diverse set of assets include pipelines, terminals, natural gas processing plants, and tankers, and it also has a focus on renewable energy and sustainability initiatives.
Furthermore, KINDER MORGAN’s track record of consistently paying dividends makes it an attractive option for both value-oriented and dividend-focused investors. Analyzing the company’s financial metrics and operational data can help investors determine whether KINDER MORGAN is a suitable investment for their portfolio.
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