Kinder Morgan Acquires Outrigger Energy

By Bobby Samwell • Friday, April 18 15:11 • Permanent Link

Kinder Morgan, Inc. has recently released its 10-Q report, providing detailed insights into its financial performance and operations. The company operates as an energy infrastructure company primarily in North America, with segments including Natural Gas Pipelines, Products Pipelines, Terminals, and CO2.

In terms of recent developments, Kinder Morgan made an acquisition during the 2025 period, acquiring Outrigger Energy for $648 million. This acquisition includes a natural gas gathering and processing system in North Dakota, further strengthening the company's position in the midstream natural gas sector.

Looking ahead, Kinder Morgan expects to declare dividends of $1.17 per share for 2025, representing a 2% increase from the previous year. Additionally, the company plans to invest $3.0 billion in expansion projects, acquisitions, and contributions to joint ventures during 2025.

In terms of financial performance, for the three months ended March 31, 2025, Kinder Morgan reported revenues of $4.24 billion, representing a 10% increase from the same period in 2024. The company's net income attributable to Kinder Morgan, Inc. was $717 million, a decrease of 4% from the previous year. Basic and diluted earnings per share were reported at $0.32, a 3% decrease from the same period in 2024.

Kinder Morgan utilizes various financial measures to evaluate its performance, including non-GAAP measures such as Adjusted Net Income Attributable to Kinder Morgan, Inc., Adjusted Segment EBDA, and Adjusted EBITDA. These measures are used to provide decision-useful information regarding the company's period-over-period performance and ability to generate earnings that are core to its ongoing operations.

It's important to note that the company's consolidated earnings results indicate fluctuations in services and sales revenue, impacted by changes in volumes, rates, and commodity prices. Following these announcements, the company's shares moved 0.6%, and are now trading at a price of $27.1. If you want to know more, read the company's complete 10-Q report here.

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