[ad_1]
Energy infrastructure company Kinder Morgan, Inc. (NYSE: KMI) on Wednesday reported a rise in fourth-quarter profits, helped by a 3% growth in profits.
Fourth-quarter earnings, excluding special items, moved up to $0.31 per share from $0.27 per share in the corresponding period last year. Net income attributable to shareholders was $670 million or $0.30 per share, compared to $637 million or $0.28 per share last year.
The positive underlying performance showed a 3% profit to $4.58 billion. The company also provided guidance for fiscal 2023.
Check out this space to Read management/analyst commentary on Kinder Morgan’s Q4 2022 results
“We generated strong earnings and strong coverage of dividends this quarter. The company’s shareholders continue to benefit from a capital-efficient business model that provides time-tested objectives: maintaining a strong investment-grade balance sheet, internal fund expansion opportunities, paying attractive dividends and many, and further reward shareholders by repurchasing shares on an opportunistic basis,” said the company’s chief executive Richard Kinder.
Previous Performance
[ad_2]
Source link