Kinder Morgan Q2: Earnings Miss, Higher Project Backlog & More
Kinder Morgan Q2: Earnings Miss, Higher Project Backlog & More
Kinder Morgan, Inc. (NYSE:KMI) reported second-quarter FY24 revenue of $3.57 billion, missing the consensus of $4.12 billion.
金德爾摩根公司(NYSE:KMI) 報告了第二季度FY24的營業收入爲357億美元，未達到41.2億美元的共識。
Natural Gas Pipelines segment saw improved financial performance Y/Y, driven by higher contributions from the Texas Intrastate system and the STX Midstream acquisition.
天然氣管道業務板塊的財務業績同比改善，主要得益於來自德州內陸系統和STX中游併購的更高貢獻。
Also, contributions from the Products Pipelines segment increased Y/Y, aided by higher rates on existing assets and contributions from new capital projects.
同時，產品管道業務板塊的貢獻同比增加，新資本項目的貢獻和現有資產的更高費率推動了業績表現。
In the second quarter, earnings in the Terminals business segment exceeded Y/Y, led by new expansion projects coming online and increased rates and utilization at their New York Harbor hub facilities in liquids terminals.
在第二季度中，儲運業務板塊的盈利同比增長，由於正在投入使用的新擴建項目和其紐約海港液體儲運設施的費率和利用率增加。
CO2 business segment earnings, excluding the gain from a divestiture, were down due to lower crude volumes, CO2 sales, and NGL volumes, down 13%, 8%, and 17% respectively, on a net-to-KMI basis.
CO2業務板塊的盈利，除了出售股份所獲利潤外，由於低油品、CO2銷量和NGL銷量，淨下降了13%、8%和17%。
Adjusted EPS rose 4% Y/Y to $0.25, missing the consensus of $0.26.
調整後的EPS同比增長4%至0.25美元，未達到0.26美元的共識。
The project backlog increased to $5.2 billion by the end of the second quarter of FY24 from $3.3 billion in the first quarter of FY24.
該公司的項目備貨從FY24第一季度的33億美元增加到第二季度的52億美元。
Kinder Morgan anticipates that the remaining $3.8 billion of projects in the backlog will generate an average Project EBITDA multiple of around 5.4 times.
金德爾摩根預計備貨中剩餘的38億美元將產生平均項目EBITDA倍數約爲5.4倍。
The board of directors approved a cash dividend per share of $0.2875 for the second quarter, payable on August 15, 2024, to stockholders of record as of July 31, 2024.
董事會批准了每股0.2875美元的現金股息，適用於2024年7月31日記錄的股東，於2024年8月15日支付。
The company generated cash flow from operations of $1.7 billion and $1.1 billion in free cash flow (FCF) after capital expenditures.
公司的運營現金流爲17億美元，資本支出後的自由現金流爲11億美元。
The company plans to allocate around 80% of its project backlog to investments in lower-carbon energy, such as conventional natural gas, renewable natural gas (RNG), renewable diesel (RD), RD feedstocks, sustainable aviation fuel (SAF), and carbon capture and sequestration initiatives.
該公司計劃將約80%的項目備貨分配給投資於低碳能源，如傳統天然氣、可再生天然氣(RNG)、可再生柴油(RD)、RD原料、可持續航空燃料(SAF)和碳捕集和封存項目。
Richard D. Kinder, Executive Chairman, said, "As I noted last quarter, we expect demand for natural gas to grow substantially between now and 2030, led by more than a doubling of demand for LNG exports and an almost 50% increase in natural gas exports to Mexico."
執行主席Richard D. Kinder表示:"正如我在上一季度所指出的，我們預計到2030年天然氣的需求將大幅增長，其中成倍增長的液化天然氣(LNG)出口需求和近50%的對墨西哥天然氣出口需求將成爲主要發展趨勢。"
The company expects to be roughly in-line with its budget for the full year (on budget or within 1-2% below).
該公司預計全年的預算與實際執行基本相符(即按預算執行或低於預算1-2%)。
Also Read: Kinder Morgan Acquires West Texas Oilfield To Leverage Carbon Capture Incentives: Report
此外，金德爾摩根收購了西德克薩斯石油田，以利用碳捕集激勵計劃。
Price Action: KMI shares are up 3.19% at $21.19 at the last check Thursday.
價格走勢: KMI股票週四最後一次交易時上漲3.19%，報21.19美元。
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