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$9,000 Invested in ExxonMobil and Each of These 2 Dividend Stocks to Generate Over $1,000 in Passive Income per Year
The Motley Fool· 2024-08-05 08:05
Leading energy companies have improved their balance sheets and are raising their dividends.The stock market is driven by earnings growth in the longer term. But in the short term, investor sentiment and prevailing themes can capture the spotlight.Over the last year or two, some of the major catalysts driving the market higher have included the prospect of lower inflation, lower interest rates, and accelerated growth in the tech sector.Investors looking for different ideas have come to the right place. The ...
Kinder Morgan(KMI) - 2024 Q2 - Quarterly Report
2024-07-19 20:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to_____ Commission file number: 001-35081 KINDER MORGAN, INC. (Exact name of registrant as specified in its charter) Delaware 80-0682103 (State or other jurisdiction ...
Top Energy Stock Poised for Growth: Slow and Steady Wins the Race
MarketBeat· 2024-07-19 11:00
Kinder Morgan TodayKMIKinder Morgan$21.05 +0.52 (+2.53%) 52-Week Range$15.89▼$21.45Dividend Yield5.46%P/E Ratio19.14Price Target$21.29Add to WatchlistKinder Morgan NYSE: KMI has what it takes to deliver attractive value to investors. It is a steady energy business supported by rising demand with stable, visible cash flows that allow it to pay a substantial dividend. The payout is worth nearly 5.5% annually and is sustainable, as is annualized dividend distribution growth. The caveat is that the Q2 results h ...
This 5.5%-Yielding Dividend Stock Supercharges Its Growth Engine by Adding Nearly $2 Billion of Fuel
The Motley Fool· 2024-07-19 09:19
Kinder Morgan's growth engine is shifting into a higher gear.Kinder Morgan (KMI 2.53%) has struggled to grow in recent years. The natural gas pipeline giant's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) were $7.5 billion last year, about the same level as it was in 2018. While the company's financial results were very stable during that period, its earnings didn't grow. However, the pipeline company reached an inflection point this year (it expects to generate about $8. ...
Kinder Morgan(KMI) - 2024 Q2 - Earnings Call Transcript
2024-07-17 23:51
Kinder Morgan, Inc. (NYSE:KMI) Q2 2024 Earnings Call Transcript July 17, 2024 4:30 PM ET Company Participants Rich Kinder - Executive Chairman Kim Dang - CEO Tom Martin - President David Michels - VP and CFO Sital Mody - President, Natural Gas Pipelines Anthony Ashley - President, CO2 & Energy Transition Ventures Conference Call Participants Manav Gupta - UBS John Mackay - Goldman Sachs Keith Stanley - Wolfe Research Jeremy Tonet - JPMorgan Theresa Chen - Barclays Spiro Dounis - Citi Michael Blum - Wells Fa ...
Kinder Morgan (KMI) Matches Q2 Earnings Estimates
ZACKS· 2024-07-17 22:15
Kinder Morgan (KMI) came out with quarterly earnings of $0.25 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this oil and natural gas pipeline and storage company would post earnings of $0.33 per share when it actually produced earnings of $0.34, delivering a surprise of 3.03%.Over the last four quarters, the company has surpassed consensus EPS estimates just ...
Kinder Morgan(KMI) - 2024 Q2 - Quarterly Results
2024-07-17 20:16
Exhibit 99.1 KINDER MORGAN REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS Approves Cash Dividend of $0.2875 Per Share ($1.15 Annualized) Earnings per Share Flat to Second Quarter 2023; Adjusted Earnings per Share Up 4% HOUSTON, July 17, 2024 - Kinder Morgan, Inc.'s (NYSE: KMI) board of directors today approved a cash dividend of $0.2875 per share for the second quarter ($1.15 annualized), payable on August 15, 2024 to stockholders of record as of the close of business on July 31, 2024. This dividend is a 2% ...
Kinder Morgan (KMI) to Report Q2 Earnings: What to Expect?
ZACKS· 2024-07-16 14:01
Kinder Morgan, Inc. (KMI) is set to report second-quarter 2024 earnings on Jul 17, after the closing bell.Let us delve into the factors that are anticipated to have affected this pipeline operator’s performance. However, before that, it would be worth taking a look at KMI’s first-quarter performance.Highlights of Q1 Earnings & Surprise HistoryIn the last reported quarter, the company’s adjusted earnings per share of 34 cents beat the Zacks Consensus Estimate of 33 cents, primarily driven by increased financ ...
Kinder Morgan (KMI) Begins Open Season for Pipeline Expansion
ZACKS· 2024-07-12 14:00
Kinder Morgan’s (KMI) subsidiary SFPP, L.P., announced the commencement of a binding open season to solicit commitments for expanding the East Line portion of its pipeline system. The expansion will enhance capacity from El Paso, TX, to Tucson, AZ.The open season began at 8:00 a.m. CST on Jun 10, 2024 and will conclude at 5:00 p.m. CST on Aug 9, 2024.Expansion HighlightsThe proposed expansion is designed to offer an additional 10,000 barrels per day of capacity on a gasoline-equivalent basis. This increased ...
Here's Why Hold Strategy is Apt for Kinder Morgan (KMI) Stock
ZACKS· 2024-06-28 12:56
Kinder Morgan, Inc. (KMI) is a well-known name in the midstream energy space. The Zacks Consensus Estimate for Kinder Morgan earnings for 2024 and 2025 is pegged at $1.18 and $1.22 per share, respectively, unchanged over the past seven days.What’s Favoring the Stock?Being a leading North American midstream energy player, Kinder Morgan, carrying a Zacks Rank #3 (Hold), has the continent's largest natural gas transportation network. The company’s natural gas pipeline assets, spread across roughly 70,000 miles ...