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Kinder Morgan Raises 2024 Financial Guidance To Include Acquisition; Expectation To Declare Dividends Of $1.15 Per Share For 2024 Is Unchanged

Author: Benzinga Newsdesk | January 17, 2024 05:08pm

KMI is updating its budget to incorporate the acquisition of the STX Midstream assets, which results in a final 2024 budgeted EPS of $1.22, up 15% versus 2023, DCF per share of $2.26, and Adjusted EBITDA of $8.16 billion, both up 8% versus 2023 and a year-end 2024 Net Debt-to-Adjusted EBITDA ratio of 3.9 times. KMI's expectation to declare dividends of $1.15 per share for 2024 is unchanged.

Posted In: KMI


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