Kinder morgan announces 2023 financial expectations

Houston--( business wire )--kinder morgan, inc. (nyse: kmi) today announced its preliminary 2023 financial projections. “we expect 2023 to be another very good year for kinder morgan, with strong market fundamentals, continued robust growth in demand for existing and expanded natural gas transportation, storage, and gathering and processing; and continued demand for refined products midstream services and investments in our energy transition ventures business,” said steve kean, kmi chief executive officer. “those results will be offset by the higher interest rate environment we expect in 2023. we anticipate generating net income attributable to kmi per share of $1.12, flat to our year-end 2022 forecast of $1.12 per share, with adjusted ebitda up 3% from 2022 at $7.7 billion, compared to the 2022 forecast of $7.5 billion. we anticipate total segment ebda of $8.2 billion, up 5% compared to the 2022 forecast. we also expect to end 2023 with a net debt-to-adjusted ebitda ratio of 4.0 times, well below our long-term target of 4.5 times.”
KMI Ratings Summary
KMI Quant Ranking