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Kinder Morgan announced earnings per share of $0.27 on revenue of $4.43B. Analysts polled by Investing.com anticipated EPS of $0.2559 on revenue of $3.58B.
“We closed out 2021 as a record year financially, beginning with our outstanding commercial and operational performance during Winter Storm Uri. We followed that by achieving our 2021 EBITDA target — not counting the earnings during the storm,” said KMI Chief Executive Officer Steve Kean.
Kinder Morgan said that for 2022, it expects to generate a net income of $2.5 billion and declare dividends of $1.11 per share, a 3% increase from the previous year. Furthermore, they expect to generate an Adjusted EBITDA of $7.2 billion.
Kinder Morgan shares gained 1.55% in after-hours trade following the report.
Kinder Morgan’s report follows an earnings miss by Nextier Oilfield Solutions on January 3, who reported EPS of $-0.03 on revenue of $505M, compared to forecasts EPS of $0.0075 on revenue of $503.69M.
