Revenue Performance: Kinder Morgan reported $3.699 billion in Q3 2024, a 3.56% increase QoQ but a 5.32% decrease YoY, indicating challenges in demand while effectively managing costs.
Profitability Metrics: The gross profit for the quarter was $2.088 billion, providing a gross profit margin of 56.4%. Operating income was $1.015 billion, with an operating margin of 27.4%. The net income margin was solid at 16.9% with a diluted EPS of $0.280, marking a 16.67% increase YoY.
Balance Sheet Health: Total assets stood at approximately $70.88 billion with a current ratio of 0.460, indicating potential liquidity concerns against current liabilities of $4.73 billion. Long-term debt, amounting to $29.937 billion, poses a significant debt-to-equity ratio of 1.05.
Cash Flow: Operating cash flow totaled $1.249 billion, with free cash flow at $592 million, suggestive of strong operational cash generation capacity despite significant capital expenditure of $657 million.