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Investing.com -- Kinder Morgan on Wednesday kept its annual earnings guidance unchanged and pointed to growth in its project pipeline, even as the pipeline operator reported mixed second-quarter results, narrowly beating on revenue but matching earnings estimates.
Kinder Morgan Inc (NYSE:KMI) Inc (NYSE:KMI) shares were little changed in after-hours trading.
The company reported adjusted earnings of $0.28 per share, in line with Wall Street expectations, on revenue of $4.04 billion, edging past analyst estimates for $3.75B.
Project backlog, the value of committed capital for future expansion, climbed by $1.3B in Q2 from the prior quarter, owing to new projects added.
For 2025, Kinder Morgan reaffirmed its full-year EPS guidance at $1.27 per share, just below consensus for $1.28.
The company raised its quarterly dividend by 2% to $0.2925 per share, payable August 15.