Kinder Morgan's Earnings Soar to End 2022. Time to Buy the Big-Time Dividend Stock?
Kinder Morgan (NYSE: KMI) ended 2022 on a strong note. Its distributable cash flow was up by a double-digit percentage, fueled partly by improving energy market conditions. As a result, its full-year earnings were also up by a double-digit percentage after adjusting for the positive impact of winter storms in 2021.
Here's a closer look at the dividend-paying pipeline giant's fourth-quarter results and what lies ahead for it.
In the fourth quarter, Kinder Morgan generated distributable cash flow of $1.217 billion, or $0.54 per share. That was up 11% on an absolute basis and up 13% per share after accounting for the impact of the company's share repurchase program. The company benefited from the strength of its natural gas pipeline operations and carbon dioxide business.
Source Fool.com
