Financials Kinder Morgan, Inc.

Equities

KMI

US49456B1017

Oil & Gas Transportation Services

Market Closed - Nyse Other stock markets 21:00:02 11/09/2024 BST			5-day change	1st Jan Change
20.83 ^USD	-1.37%		-2.71%	+18.08%

05:41pm	UBS Adjusts Kinder Morgan Price Target to $25 From $24, Maintains Buy Rating	MT
09-04	Transcript : Kinder Morgan, Inc. Presents at Barclays 38th Annual CEO Energy-Power Conference 2024, Sep-04-2024 01:15 PM

Projected Income Statement: Kinder Morgan, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	13,209	11,700	16,610	19,200	15,334	16,106	17,242	18,491
Change	-	-11.42%	41.97%	15.59%	-20.14%	5.03%	7.06%	7.25%
EBITDA ¹	7,618	6,962	7,946	7,516	7,561	8,044	8,279	8,529
Change	-	-8.61%	14.13%	-5.41%	0.6%	6.39%	2.92%	3.02%
EBIT ¹	4,873	1,560	2,916	4,065	4,263	4,582	4,632	4,553
Change	-	-67.99%	86.92%	39.4%	4.87%	7.49%	1.08%	-1.71%
Interest Paid ¹	-1,801	-1,595	-1,492	-1,513	-1,797	-1,856	-1,859	-1,876
Earnings before Tax (EBT) ¹	3,165	661	2,219	3,335	3,201	3,805	3,492	3,608
Change	-	-79.12%	235.7%	50.29%	-4.02%	18.86%	-8.21%	3.3%
Net income ¹	2,190	119	1,784	2,548	2,391	2,709	2,803	2,949
Change	-	-94.57%	1,399.16%	42.83%	-6.16%	13.29%	3.46%	5.21%
Announcement Date	22/01/20	20/01/21	19/01/22	18/01/23	17/01/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2
Net sales ¹	3,214	3,352	3,106	2,560	2,919	3,115	5,211	3,150	3,824	4,425	4,293	5,151	5,177	4,579	3,888	3,501	3,907	4,038	3,842	3,572	4,294	4,348	4,337	4,221	3,986	4,208	4,541	3,795
Change	-	4.29%	-7.34%	-17.58%	14.02%	6.71%	67.29%	-39.55%	21.4%	15.72%	-2.98%	19.99%	0.5%	-11.55%	-15.09%	-9.95%	11.6%	3.35%	-4.85%	-7.03%	20.21%	1.25%	-0.25%	-2.66%	-5.57%	5.57%	7.9%	-16.41%
EBITDA ¹	1,834	2,020	1,848	1,568	1,709	1,837	2,814	1,670	1,658	1,804	1,967	1,819	1,773	1,957	1,996	1,805	1,835	1,925	2,137	1,858	1,930	2,103	2,152	1,961	2,002	2,140	2,182	1,976
Change	-	10.14%	-8.51%	-15.15%	8.99%	7.49%	53.18%	-40.65%	-0.72%	8.81%	9.04%	-7.52%	-2.53%	10.38%	1.99%	-9.57%	1.66%	4.9%	11.01%	-13.06%	3.89%	8.96%	2.3%	-8.84%	2.08%	6.89%	1.96%	-9.44%
EBIT ¹	951	1,931	43	-282	851	980	1,886	-764	844	950	1,024	1,006	931	1,104	1,194	1,030	938	1,101	1,223	1,038	1,043	1,214	1,207	1,028	1,101	1,126	1,084	972.1
Change	-	103.05%	-97.77%	-	-	15.16%	92.45%	-	-	12.56%	7.79%	-1.76%	-7.46%	18.58%	8.15%	-13.74%	-8.93%	17.38%	11.08%	-15.13%	0.51%	16.33%	-0.54%	-14.86%	7.1%	2.26%	-3.66%	-10.36%
Charge d'intérêts ¹	-447	-442	-436	-395	-383	-381	-377	-377	-368	-370	-333	-355	-399	-426	-445	-443	-457	-452	-472	-464	-452.8	-457	-443.4	-448.3	-453.8	-457.9	-459.4	-468.6
Earnings before Tax (EBT) ¹	668	1,082	-231	-520	612	800	1,776	-977	645	775	878	837	729	891	899	778	700	824	982	770	809.7	950.3	994.1	826.1	858.1	934.4	1,029	828.3
Change	-	61.98%	-	125.11%	-	30.72%	122%	-	-	20.16%	13.29%	-4.67%	-12.9%	22.22%	0.9%	-13.46%	-10.03%	17.71%	19.17%	-21.59%	5.15%	17.36%	4.62%	-16.9%	3.88%	8.89%	10.12%	-19.5%
Net income ¹	506	610	-306	-637	455	607	1,409	-757	495	637	667	635	576	670	679	586	532	594	746	575	618.3	813.5	844.3	569.4	624.6	817.8	923.6	730.1
Change	-	20.55%	-	108.17%	-	33.41%	132.13%	-	-	28.69%	4.71%	-4.8%	-9.29%	16.32%	1.34%	-13.7%	-9.22%	11.65%	25.59%	-22.92%	7.53%	31.57%	3.78%	-32.56%	9.68%	30.94%	12.94%	-20.95%
Announcement Date	16/10/19	22/01/20	22/04/20	22/07/20	21/10/20	20/01/21	21/04/21	21/07/21	20/10/21	19/01/22	20/04/22	20/07/22	19/10/22	18/01/23	19/04/23	19/07/23	18/10/23	17/01/24	17/04/24	17/07/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Kinder Morgan, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	34,207	32,042	31,278	30,928	32,033	32,239	32,355	32,566
Change	-	-6.33%	-2.38%	-1.12%	3.57%	0.64%	0.36%	0.65%
Announcement Date	22/01/20	20/01/21	19/01/22	18/01/23	17/01/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Kinder Morgan, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	3,569	1,707	1,281	1,621	2,317	3,043	3,353	3,319
Change	-	-52.17%	-24.96%	26.54%	42.94%	31.31%	10.2%	-1.01%
Free Cash Flow (FCF) ¹	2,153	2,843	4,427	3,346	4,174	2,900	3,170	3,371
Change	-	32.05%	55.72%	-24.42%	24.75%	-30.53%	9.32%	6.36%
Announcement Date	22/01/20	20/01/21	19/01/22	18/01/23	17/01/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Kinder Morgan, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	57.67%	59.5%	47.84%	39.15%	49.31%	49.95%	48.02%	46.13%
EBIT Margin (%)	36.89%	13.33%	17.56%	21.17%	27.8%	28.45%	26.86%	24.62%
EBT Margin (%)	23.96%	5.65%	13.36%	17.37%	20.88%	23.62%	20.26%	19.51%
Net margin (%)	16.58%	1.02%	10.74%	13.27%	15.59%	16.82%	16.25%	15.95%
FCF margin (%)	16.3%	24.3%	26.65%	17.43%	27.22%	18%	18.38%	18.23%
FCF / Net Income (%)	98.31%	2,389.08%	248.15%	131.32%	174.57%	107.04%	113.1%	114.34%
Profitability
ROA	2.86%	2.75%	2.51%	3.63%	3.39%	4.1%	4.2%	4.4%
ROE	6.5%	0.37%	5.73%	8.28%	7.9%	8.76%	9.02%	9.64%
Financial Health
Leverage (Debt/EBITDA)	4.49x	4.6x	3.94x	4.11x	4.24x	4.01x	3.91x	3.82x
Debt / Free cash flow	15.89x	11.27x	7.07x	9.24x	7.67x	11.12x	10.21x	9.66x
Capital Intensity
CAPEX / Current Assets (%)	27.02%	14.59%	7.71%	8.44%	15.11%	18.89%	19.45%	17.95%
CAPEX / EBITDA (%)	46.85%	24.52%	16.12%	21.57%	30.64%	37.82%	40.49%	38.91%
CAPEX / FCF (%)	165.77%	60.04%	28.94%	48.45%	55.51%	104.93%	105.77%	98.45%
Items per share
Cash flow per share ¹	2.197	2.011	2.519	2.2	2.906	2.52	2.78	2.85
Change	-	-8.5%	25.29%	-12.67%	32.09%	-13.27%	10.32%	2.52%
Dividend per Share ¹	1	1.05	1.08	1.11	1.13	1.15	1.178	1.209
Change	-	5%	2.86%	2.78%	1.8%	1.76%	2.42%	2.69%
Book Value Per Share ¹	14.9	13.88	13.62	13.61	13.57	13.63	13.63	13.72
Change	-	-6.84%	-1.86%	-0.07%	-0.36%	0.49%	0%	0.64%
EPS ¹	0.96	0.05	0.78	1.12	1.06	1.218	1.288	1.359
Change	-	-94.79%	1,460%	43.59%	-5.36%	14.91%	5.75%	5.48%
Nbr of stocks (in thousands)	2,264,965	2,263,794	2,267,426	2,247,742	2,222,774	2,219,463	2,219,463	2,219,463
Announcement Date	22/01/20	20/01/21	19/01/22	18/01/23	17/01/24	-	-	-