Kinder Morgan For FY24 Expects To Be Below Budget On Adj. EBITDA ~2% And Adj. EPS By ~4%; Expects Adj. EBITDA Up 5% And Adj. EPS Up 9% YoY
Portfolio Pulse from Benzinga Newsdesk
Kinder Morgan anticipates its FY24 adjusted EBITDA to be approximately 2% below budget and adjusted EPS to be around 4% below budget. However, the company expects a year-over-year increase of 5% in adjusted EBITDA and 9% in adjusted EPS.
October 16, 2024 | 8:10 pm
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Kinder Morgan expects its FY24 adjusted EBITDA to be 2% below budget and adjusted EPS to be 4% below budget. Despite this, the company forecasts a 5% YoY increase in adjusted EBITDA and a 9% YoY increase in adjusted EPS.
The news indicates that while Kinder Morgan's FY24 projections are below budget, the company still expects significant year-over-year growth in both adjusted EBITDA and EPS. This mixed outlook may lead to a neutral short-term impact on the stock price as investors weigh the below-budget performance against the positive YoY growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100