Energy
Oil & Gas Midstream
$57.38B
10.9K
Key insights and themes extracted from this filing
Total revenues increased marginally by $71 million in Q2 2024 compared to Q2 2023, primarily due to a $131 million increase in service revenues, offset by a decrease in commodity sales. The six month revenue increase was only $25M.
Operating costs increased by $63 million in Q2 2024 and $12M in the six month period, primarily due to higher operations and maintenance expenses, which negatively impacted net income.
Net income attributable to Kinder Morgan decreased by $11 million in Q2 2024 and increased by $56M in the first six months of 2024, compared to the same periods in 2023, indicating a slight deterioration in profitability.