Question · Q2 2025
Harry M of Barclays asked if the expanded interest deductibility under the new reconciliation bill would cause Kinder Morgan to reconsider its financing or balance sheet strategy to take greater advantage of the tax benefits.
Answer
CFO David Michels gave a definitive 'no,' stating that the company's financing strategy remains 'plain vanilla' and straightforward. He explained that KMI can fund most of its growth internally and primarily uses external financing to refinance maturing bonds, a strategy that the new tax reform will not influence.