Kinder Morgan, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
July 17, 2024 at 09:05 pm
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Kinder Morgan, Inc. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was USD 3,572 million compared to USD 3,501 million a year ago. Net income was USD 575 million compared to USD 586 million a year ago. Basic earnings per share from continuing operations was USD 0.26 compared to USD 0.26 a year ago.
For the six months, sales was USD 7,414 million compared to USD 7,389 million a year ago. Net income was USD 1,321 million compared to USD 1,265 million a year ago. Basic earnings per share from continuing operations was USD 0.59 compared to USD 0.56 a year ago.
Kinder Morgan, Inc. specializes in transporting and storing oil and gas. Net sales (including intragroup) break down by activity as follows:
- transport, processing and storage of natural gas (70.2%);
- transport of refined oil products (13.5%): gasoline, diesel, liquefied natural gas (LNG), etc.;
- transshipment and storage of petroleum products, dry and liquid bulk services (10.3%): fuel, coal, petroleum coke, cement, alumina, salt, chemical products, etc.;
- transport and sale of carbon dioxide (6%). The group also develops crude oil production activity in the Permian Basin in West Texas.
The United States accounts for 99.2% of net sales.
KINDER MORGAN, INC. 
