laitimes

Kim DelMorgan (KMI. US) Q4 revenue increased 42% year-over-year, and net income of $637 million exceeded expectations

author:Zhitong Finance

Zhitong Finance APP learned that on January 20, Beijing time, Golden Del Morgan (KMI. US) announced its fourth quarter and full year 2021 results. Gold Delmorgan Q4 revenue of $4.425 billion, up 42% year-over-year, net income of $637 million, up 5% year-over-year, more than expected $570 million, and diluted earnings per share of $0.28 compared to $0.27 in the year-ago quarter, the earnings report showed.

The fourth quarter dividend was $0.27 per share in cash, up 3% year-over-year.

For the full year 2021, King Del Morgan had revenue of $16.61 billion, up 42% year-over-year; net income of $1,784 million compared to $119 million in the year-ago quarter; and earnings per diluted share of $0.78 compared to $0.05 in the year-ago quarter.

Kim del Morgan noted that the increase in net profit in 2021 is mainly related to the company's strong performance during the February winter storm, so this profit growth is largely non-recurring.

The DCF generated for the full year reached $5.46 billion, an increase of 19% year-on-year.

Performance Guidance

King Del Morgan expects a net profit attributable to the parent of $2.5 billion in 2022; a full-year dividend of $1.11 is expected. King del Morgan expects to generate $4.7 billion in DCF and $7.2 billion in adjusted EBITDA in 2022.

Read on