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10As the earnings season starts again, here is a summary of the most important figures next week.
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Q4 FY2024 results ended on Dec 31, 2024
- Revenue: $3.99B vs $4.04B in Q4 2023
- Net income: $667M, +12% YoY from $594M
- EPS: $0.30, +11% YoY from $0.27
- Adjusted EBITDA: $2.06B, +7% YoY from $1.93B
CEO Kim Dang: "KMI had a very strong fourth quarter on increased financial contributions from our Natural Gas Pipelines, Products Pipelines and Terminals business segments, with Adjusted EBITDA up 7% versus the fourth quarter of 2023."
🌱Revenue & Growth
- Natural Gas transport volumes flat YoY
- Natural Gas gathering volumes down 7% YoY
- Refined products volumes up 2% YoY
- Crude and condensate volumes down 5% YoY
- Terminals liquids leased capacity 95.2% vs 93.3% YoY
💰Profits & Financials
- Operating income: $1.11B vs $1.10B in Q4 2023
- Free cash flow: $738M vs $1.69B in Q4 2023
- Net Debt-to-Adjusted EBITDA ratio: 4.0x
- Declared dividend: $0.2875 per share, +2% YoY
- Cash flow from operations: $1.5B
📌Business Highlights
- Announced $1.7B Trident Intrastate Pipeline Project
- Secured additional contracts for Mississippi Crossing Project
- Agreed to purchase Outrigger Energy II for $640M
- Project backlog increased to $8.1B, +60% vs Q3 2024
- Autumn Hills RNG facility expected to be in service soon
🔮Future Outlook
- FY2025 net income target: $2.8B, +8% vs 2024
- FY2025 Adjusted EPS target: $1.27, +10% vs 2024
- FY2025 dividend target: $1.17 per share, +2% increase
- FY2025 Adjusted EBITDA target: $8.3B, +4% vs 2024
- End 2025 Net Debt-to-Adjusted EBITDA target: 3.8x
The week will be pure entertainment.
Monday:
Tuesday:
Wednesday:
Thursday:
Friday:
Bought because I find the logo simply cool 😁and of course because of the 6.6% dividend🤑 which has been increased for 5 years.
In the first quarter, the profit remained constant and they bought back their own shares for $113 million💪😊.
PS. No, this is not a new position, I have expanded it further 😂.
Servus,
Since my little one is sleeping now, I'm going to throw out the next post right away. In my last post I have already presented my strategy.
Strategy itself very boring. Short version dividend stocks.
Only how do I choose the right stocks?
- Dividend should be solid
- the business model should have long term potential and
- of course the numbers should be right
- The share price is secondary for the time being.
Today I will start with a share that is not currently in the portfolio but could be interesting in a few years.
The company.
Kinder Morgan was founded in 1997 and is one of North America's largest infrastructure companies, providing gathering, storage, transportation and processing services to the oil and gas industry. In total, they operate 135,000 km of natural gas and crude oil pipelines and have 180 tank farms. Kinder Morgan's pipelines, storage facilities and terminals are integrated with nearly all areas of the U.S. energy industry, including all major gas and oil shale formations and export markets along the Gulf Coast. The company generates most of its cash flow from natural gas pipelines, with the remainder split between refined products and oil pipelines, storage and the sale of carbon dioxide used in tertiary oil production.
Kinder Morgan's infrastructure provides important services to the energy industry, but the company's long-term track record is clouded by a 75% dividend cut in 2015. The cut took place to further fund expansion plans without jeopardizing its investment-grade rating.
Since then, the company has adopted a self-funding business model (eliminating the need to issue equity), scaled back its growth ambitions, significantly reduced its leverage and improved its credit rating by one notch to BBB.
In addition to these factors, Kinder Morgan's dividend is supported by the company's recurring cash flow. Approximately two-thirds of the company's cash flow is generated under fee-based contracts of up to 20 or more years, which operate on a "take or pay" basis.
This reduces Kinder Morgan's direct exposure to commodity prices, although the company is not immune to volatility in the energy sector. Thus, another 25% of Kinder Morgan's cash flow is also fee-based, but not hedged by minimum volume provisions.
Overall, Kinder Morgan has come a long way since its infamous dividend cut in 2015. The company's balance sheet is in better shape, its dividend is better covered by cash flow, capital spending is more disciplined, and growth is largely self-funded. However, too much is being paid out and total capital is shrinking.
Conclusion.
The business model is certainly relevant for the next 20-25 years and the company is now well positioned. The dividend is bombastic (6%), but not secure. The business figures do not convince me personally at the moment. Thus, Kinder Morgan is currently not yet on the depot list, but will continue to be observed and my attitude may still change.
By the way, the charts are from simplysafedividends.com.
In my next post I will introduce a stock that for me will def. still be added this year. Here I will also go into more detail about the key figures. (was a little too much work for me today and for a stock that has not yet made it into the depot or will make it)
as always only my opinion and no investment advice
+ 2
𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️
𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅
Ex-dividend date: Blackstone Group ( $BBN1 (+1.45%) ), Citigroup ( $TRVC (+0.64%) ), Hasbro ( $HAS (+0.66%) ), Texas Instruments ( $TII (+0.89%) ), Evertec ( $2EV (+1.77%) ), Kinder Morgan ( $2KD (+1.4%) ), Oneok ( $ONK (+0.74%) ) and Banco Santander ( $BSDK (-1.75%) ).
𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈
Today Air France-KLM ( $AFR ), Bank of China ( $BOF (-0.38%) ), BNP Paribas ( $BNPQY (-1.02%) ), Caixabank ( $48CA (+0.3%) ), Chevron Corporation ( $CHVG ), Daimler AG ( $DAI (+0.42%) ), FORTEC Elektronik ( $FEV (+0%)), W. W. Grainger ( $GWW (+0.76%) ), Nomura Holdings ( $NSEA (+0%) ), PetroChina ( $PC6 (-1.99%) ) and Weyerhaeuser ( $WHC (+0.34%) ) present their figures.
𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️
Daimler ( $DAI (+0.42%) ) - Despite a massive drop in sales, Daimler was able to post surprisingly good numbers in the last quarter. Thanks to higher prices, the company was able to keep its revenues almost stable and even increase its profit. Net profit rose by 21 percent and now stands at 2.47 billion euros. Analysts expect the share price to rise as Daimler has proven its strength and resilience.
Facebook / Meta ( $FB2A (+0.75%) ) - The group is changing its name to "Meta." The idea is to create a brand that unites all of the group's businesses and products. The reason for this name is the planned metaverse that the group wants to build.
𝗖𝗿𝘆𝗽𝘁𝗼 💎
Ethereum ( $ETH-USD (+1.07%) ) - Following the successful launch of the Altari Beacon blockchain update, ETH hit a new all-time high of $4,400.97 last night. The upgrade paves the way for ETH 2.0, which will be based on proof of stake rather than proof of work. ETH has been able to maintain bullish momentum since July, when its price was still at $1,780. Ethereum has particularly benefited from the rise of DeFi and NFT in recent months.
Thanks a lot @MarketNewsUpdate for the shoutout! ;)
𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️
𝗣𝗵𝗮𝗿𝗺𝗮, 𝗔𝘂𝘁𝗼 𝘂𝗻𝗱 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺
𝗜𝗣𝗢𝘀 🔔
Biofrontera AG ($B8F) - The US subsidiary Biofrontera Inc. is going public. This is expected to raise gross proceeds of approximately $18 million.
The Leverkusen-based company specializes in dermatological pharmaceutical products and markets a drug for photodynamic therapy.
𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅
As of today, Blackstone Group ($BBN1 (+1.45%)), Citigroup ($TRVC (+0.64%)), Hasbro ($HAS (+0.66%)), Texas Instruments ($TII (+0.89%)), Evertec ($2EV (+1.77%)), Kinder Morgan ($2KD (+1.4%)), Oneok ($ONK (+0.74%)) and Banco Santander ($BSD2 (-0.27%)) traded ex-dividend.
𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈
Today, among others, Air France-KLM ($AFR), Bank of China ($BOF (-0.38%)), BNP Paribas ($BNPQY (-1.02%)), Caixabank ($48CA (+0.3%)), Chevron Corporation ($CHV (+0.21%)), Daimler AG ($DAI (+0.42%)), FORTEC Electronics ($FEV (+0%)), W. W. Grainger ($GWW (+0.76%)), Nomura Holdings ($NSE (-0.05%)), PetroChina ($PC6 (-1.99%)) and Weyerhaeuser ($WHC (+0.34%)) presented their figures.
𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️
Daimler ($DAI (+0.42%)) - Despite a massive slump in sales, Daimler was able to post surprisingly good figures in the past quarter. Thanks to rising prices, the group was able to keep its revenue almost stable and even increase its profit. The share price has risen in recent weeks from 70 euros in mid-September to just under 84 euros. Net profit increased by 21 percent and now stands at 2.47 billion euros. Analysts expect the share price to rise, as Daimler has proven to be robust and resilient.
Facebook / Meta ($FB2A (+0.75%)) - The group is renaming itself "Meta." This is intended to create a brand that unites all of the Group's companies and products. The reason for this name is the planned metaverse that the Group wants to build.
𝗖𝗿𝘆𝗽𝘁𝗼 💎
Ethereum ($ETH-USD (+1.07%)) - After the successful launch of the Altari Beacon Chain Upgrade, ETH was able to reach a new all-time high of $4,400.97 last night. Said upgrade paves the way for ETH 2.0, which will then be based on proof-of-stake rather than proof-of-work. ETH has been able to maintain bullish momentum since Julie, when the price of it was still at $1,780. Ethereum has particularly benefited from the DeFi & NFT boom in recent months.
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