Kinder Morgan revised down its 2024 profit forecast due to lower oil prices, RNG project delays, and product volume declines.
I will now turn the call over to Mr. Rich Kinder, executive chairman of Kinder Morgan. Richard D. Kinder -- Executive Chair.
The midstream energy giant delivered solid net income growth in the third quarter even as its revenue declined.
Kinder Morgan posted higher profit in the third-quarter, with increases in its natural-gas pipeline and terminals segment offset by declines in its products pipeline and carbon dioxide units.
KMI's board of directors today approved a cash dividend of $0.2875 per share for the third quarter ($1.15 annualized), payable on November 15, 2024.
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