Overview * Kinder Morgan Q3 revenue beats analyst expectations * Net income for Q3 slightly increases to $628 mln from $625 mln in 2024 * Company raises Q3 dividend by 2% to $0.2925 per share Outlook * Company expects 2025 net income of $2.8 bln, up 8% from 2024 * Kinder Morgan projects 2025 adjusted EPS of $1.27, a 10% increase * Company anticipates 2025 adjusted EBITDA of $8.3 bln, up 4% Result Drivers * NATURAL GAS PIPELINES – Increased financial contributions from Natural Gas Pipelines due to higher transport volumes and new contracts * PRODUCTS PIPELINES – Higher transport rates and improved commodity price impact boosted Products Pipelines segment * LNG DEMAND – Strong LNG demand and expansion projects drive growth in natural gas transport volumes Key Details Metric Beat/Mis Actual Consensu s s Estimate Q3 Beat $4.14 $4.06 Revenue bln bln (9 Analysts ) Q3 Meet $0.29 $0.29 Adjusted (15 EPS Analysts ) Q3 EPS $0.28 Q3 $648 mln Adjusted Net Income Q3 $0.29 Dividend Analyst Coverage * The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell" * The average consensus recommendation for the oil & gas transportation services peer group is "buy" * Wall Street's median 12-month price target for Kinder Morgan Inc is $31.00, about 11.3% above its October 21 closing price of $27.50 * The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 22 three months ago Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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