Kinder Morgan Q4 Profit Rises - Quick Facts

(RTTNews) - Kinder Morgan Inc. (KMI) reported that its fourth-quarter net income attributable to the company was $338 million or $0.33 per class P share, compared to $220 million or $0.21 per class P share in the comparable quarter last year.

Revenues for the quarter rose to $3.87 billion, from $3.08 billion in the prior year quarter.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.35 per share on revenues of $3.81 billion for the quarter. Analysts' estimates typically exclude special items.

Further, KMI declared a quarterly dividend of $0.41 per share, which is payable on Feb. 18, 2014, to shareholders of record as of Jan. 31, 2014.

As previously announced, KMI expects to declare dividends of $1.72 per share for 2014, an 8 percent increase over its 2013 declared dividend of $1.60 per share. Growth in 2014 is expected to be driven by continued strong performance at KMP and contributions from EPB.

Kinder Morgan reported fourth quarter cash available to pay dividends of $482 million, an increase of 10 percent from $439 million for the comparable period in 2012. For the full year, KMI reported cash available to pay dividends of $1.713 billion, up 21 percent from $1.411 billion in 2012 and exceeding its published annual budget of $1.632 billion.