Kinder Morgan reported a net income of $1.8bn in 2021 after tax and expenses. Up 1400% YoY, it is set to report earnings today after the market closes.

Overview

Kinder Morgan Inc is one of the biggest North American energy infrastructure firms. Owning and managing oil and gas terminals and pipelines is the company's area of expertise. About 83,000 miles of pipelines and 143 terminals are either owned by Kinder Morgan or are under its control.

Financials

Looking at the financials of the company, in 2021 it reported $16.6bn in revenue and $10.1bn in gross profit. Net income after tax and operating expenses totalled $1.8bn for the year, which was almost a 1400% increase year-on-year. Also, EBITDA rose by $1.265bn and due to these increases, the earnings per share came in at $0.78. Up $0.73 from the previous year. Looking at KM’s balance sheet, its cash-on-hand pile has decreased slightly but still sits comfortably at over $1bn, similar to the previous two financial years. However, its total assets fell by $1.5bn but so did its total liabilities by $1.6bn. Therefore, its financial balance persists strongly with a marginal increase in equity to $31.9bn.