Kinder Morgan Inc (NYSE: KMI) disclosed preliminary 2024 financial forecasts projecting net income attributable per share of $1.21 (+11% Y/Y), DCF per share of $2.21 (+5% Y/Y), and Adjusted EBITDA of $8.0 billion (+5% Y/Y).
This reflects growth projects prominently in Natural Gas Pipelines and Energy Transition Ventures and contract rate escalations in the Products Pipelines and Terminals business segments.
"We expect 5% growth across the board in 2024 in Adjusted EBITDA, distributable cash flow (DCF) and DCF per share due to growth projects in all our business segments, but most prominently in Natural Gas Pipelines and Energy Transition Ventures, as well as from contract rate escalations in our Products Pipelines and Terminals business segments," said Kim Dang, ...