What were Kinder Morgan's key financial performance indicators for the quarter ended June 30, 2016?

For the quarter ended June 30, 2016, Kinder Morgan, Inc. reported net income attributable to the company of $372 million, or $0.15 per diluted share, an increase from $333 million, or $0.15 per diluted share, in the second quarter of 2015. Total revenues decreased to $3,144 million from $3,463 million year-over-year. Segment EBDA was $1,789 million, up from $1,721 million in the prior year period.

How has Kinder Morgan's debt situation evolved, and what is the company doing to manage it?

As of June 30, 2016, Kinder Morgan's total long-term debt was $40,201 million, a decrease from $42,406 million at the end of 2015. The company announced the anticipated sale of a 50% interest in its SNG natural gas pipeline system for approximately $1.47 billion, with the intention to use all proceeds to reduce debt. This strategic move is part of its ongoing efforts to strengthen its financial position.

What are the primary drivers behind the changes in Kinder Morgan's Segment EBDA?

The Natural Gas Pipelines segment saw an increase in Segment EBDA, while the CO2 and Products Pipelines segments experienced decreases, largely attributed to lower commodity prices and project write-offs in the case of CO2, and lower sales volumes in Products Pipelines. The Terminals segment showed a modest increase, driven by contributions from newly acquired terminals and higher volumes. The overall increase in Total Segment EBDA was driven by the performance of the Natural Gas Pipelines and Terminals segments, partially offset by declines in others.

What is Kinder Morgan's outlook on capital expenditures and dividends?

For the six months ended June 30, 2016, Kinder Morgan reported sustaining capital expenditures of $245 million and discretionary capital expenditures of $1,581 million. The company expects to declare common dividends of $0.50 per share for 2016, with a quarterly dividend of $0.125 per share. Management believes that its cash flow from operations and existing credit facilities are adequate to meet its obligations and fund growth projects without needing to access capital markets beyond 2016.

KMI/EP-PC 10-Q Quarterly Report Q2 FY2016

Summary

Kinder Morgan, Inc. (KMI) reported its financial results for the fiscal quarter and six months ended June 30, 2016. For the second quarter of 2016, the company reported net income attributable to Kinder Morgan, Inc. of $372 million, or $0.15 per diluted share. This marks an increase from the $333 million, or $0.15 per diluted share, reported in the same period of 2015. For the six-month period, net income attributable to KMI was $687 million, or $0.27 per diluted share, down from $762 million, or $0.35 per diluted share, in the first half of 2015. The company's financial performance was influenced by various factors, including lower commodity prices impacting certain segments, but was partially offset by strong contributions from its Natural Gas Pipelines and Terminals segments, as well as cost management initiatives. KMI also continues to focus on deleveraging its balance sheet. A significant event disclosed is the anticipated sale of a 50% interest in its SNG natural gas pipeline system, with the proceeds earmarked for debt reduction, highlighting a strategic move to strengthen its financial position.

Financial Highlights

52 data points

Beta

Revenue

$3.14B

0.8% Gross Margin

Net Income

$372.00M

0.1% Net Margin

EPS (Diluted)

$0.15

Total Assets

$84.32B

Cash & Equivalents

$180.00M

Free Cash Flow

$636.00M

Financial Statements

Beta

Revenue	$3.14B
Cost of Revenue	$752.00M
Gross Profit	$2.39B
Operating Expenses	$2.20B
Operating Income	$940.00M
Net Income	$372.00M
EPS (Basic)	$0.15
EPS (Diluted)	$0.15
Shares Outstanding (Basic)	2.23B
Shares Outstanding (Diluted)	2.23B

Key Highlights

1Total revenues for the three months ended June 30, 2016, were $3,144 million, a decrease from $3,463 million in the prior year period.
2Net income attributable to Kinder Morgan, Inc. for the three months ended June 30, 2016, was $372 million, compared to $333 million in the same period of 2015.
3For the six months ended June 30, 2016, net income attributable to Kinder Morgan, Inc. was $687 million, a decrease from $762 million in the first six months of 2015.
4The company reported Distributable Cash Flow (DCF) of $1,050 million for the three months ended June 30, 2016, and $2,283 million for the six-month period.
5KMI announced the anticipated sale of a 50% interest in its SNG natural gas pipeline system for an expected $1.47 billion, with proceeds intended for debt reduction.
6Total segment EBDA increased by 4% to $1,789 million for the three months ended June 30, 2016, compared to $1,721 million in the prior year period.
7Total assets were $84,317 million as of June 30, 2016, a slight increase from $84,104 million as of December 31, 2015.

KINDER MORGAN, INC. Quarterly Report for Q2 Ended Jun 30, 2016

Summary

Financial Highlights

Key Highlights

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