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Kinder Morgan Is Quietly Having a Great Year

TheMotleyFool

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Kinder Morgan Is Quietly Having a Great Year: https://g.foolcdn.com/editorial/images/705472/a-person-standing-next-to-an-energy-facility.jpg

Last year was an outlier for Kinder Morgan (NYSE: KMI). The natural gas pipeline giant capitalized on opportunities to supply energy during Winter Storm Uri, enabling it to make a huge windfall profit in the first quarter. That's causing its 2022 results to look light in comparison.

Because of that, it's easy to miss that Kinder Morgan is having a fantastic year. The natural gas pipeline giant showcased that again in the third quarter by putting up strong results.

During the third quarter, Kinder Morgan generated $1.122 billion of distributable cash flow (DCF), or $0.49 per share. DCF was 11% above last-year's level and 7% higher than its 2022 budget.

Source Fool.com

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