Kinder Morgan reports Q1 adjusted EPS 30c, consensus 9c

Reports Q1 revenue $3.89B, consensus $4.7B. "For the sixth year in a row, we are very pleased to announce another increase in the dividend we provide our shareholders," said Executive Chairman Richard D. Kinder. "Shareholders continue to benefit from our long-standing corporate strategy: maintaining a strong investment-grade balance sheet, internally funding expansion opportunities, paying an attractive and growing dividend, and further returning value by repurchasing our shares on an opportunistic basis. In addition to increasing the dividend this quarter, the company repurchased approximately 6.8 million shares for $113 million at an average price of $16.62 per share."