Kinder Morgan Inc. (KMI) reported that its first-quarter net income attributable to the company was $292 million, up from $21 million last year. Earnings for the quarter were $0.28 per class P share, compared to $0.01 per class P share in the year ago quarter.
Revenues for the quarter rose to $3.06 billion from $1.86 billion in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.31 per share on revenues of $2.92 billion for the quarter. Analysts' estimates typically exclude special items.
The company said that its board increased the quarterly cash dividend to $0.38 per share which is payable on May 16, 2013, to shareholders of record as of April 29, 2013. This represents an increase of 19 percent from the first quarter 2012 cash dividend per share of $0.32 and is up from the fourth quarter 2012 dividend of $0.37 per share.
KMI expects to declare dividends of $1.57 per share for 2013, a 12 percent increase over its 2012 declared dividend of $1.40 per share.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.