Earnings summaries and quarterly performance for KINDER MORGAN.
Executive leadership at KINDER MORGAN.
Kimberly A. Dang
Detailed
Chief Executive Officer
CEO
Anthony B. Ashley
Detailed
Vice President (President, CO 2 and President, Energy Transition Ventures)
Catherine C. James
Detailed
Vice President and General Counsel
David P. Michels
Detailed
Vice President and Chief Financial Officer
Dax A. Sanders
Detailed
Executive Vice President
James E. Holland
Detailed
Vice President and Chief Operating Officer
John W. Schlosser
Detailed
Vice President (President, Terminals)
Kevin Grahmann
Detailed
Vice President, Corporate Development
Michael Garthwaite
Detailed
President, Products Pipelines
Michael J. Pitta
Detailed
Vice President and Chief Administrative Officer
Richard D. Kinder
Detailed
Executive Chairman
Sital K. Mody
Detailed
Vice President (President, Natural Gas Pipelines)
Thomas A. Martin
Detailed
President
Board of directors at KINDER MORGAN.
Research analysts who have asked questions during KINDER MORGAN earnings calls.
Jeremy Tonet
JPMorgan Chase & Co.
6 questions for KMI
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John Mackay
Goldman Sachs Group, Inc.
6 questions for KMI
Also covers: AM, ARIS, CQP +16 more
Keith Stanley
Wolfe Research, LLC
6 questions for KMI
Also covers: DK, DTM, ENB +12 more
Michael Blum
Wells Fargo & Company
6 questions for KMI
Also covers: AROC, BE, CQP +15 more
Jean Ann Salisbury
Bank of America
5 questions for KMI
Also covers: CQP, CVX, DK +13 more
Theresa Chen
Barclays PLC
5 questions for KMI
Also covers: CQP, DINO, DTM +20 more
Brandon Bingham
Scotiabank
3 questions for KMI
Also covers: CQP, EPD, KNTK +6 more
Jason Gabelman
TD Cowen
3 questions for KMI
Also covers: BP, CLMT, CLNE +19 more
Manav Gupta
UBS Group
3 questions for KMI
Also covers: ADM, AMTX, BE +34 more
Spiro Dounis
Citigroup Inc.
3 questions for KMI
Also covers: ARIS, CQP, DTM +14 more
Zackery Van Everen
Tudor, Pickering, Holt & Co.
3 questions for KMI
Also covers: AM, DTM, EE +6 more
Zack Van Everen
TPH&Co.
3 questions for KMI
Also covers: DTM, EE, ET +2 more
Dave Winans
Prudential
2 questions for KMI
Julien Dumoulin-Smith
Jefferies
2 questions for KMI
Also covers: AEE, AEP, AES +54 more
Neal Dingmann
Truist Securities
2 questions for KMI
Also covers: APA, CHRD, CIVI +33 more
Gabriel Moreen
Mizuho Financial Group, Inc.
1 question for KMI
Also covers: AROC, ATO, DKL +15 more
Harry M
Barclays
1 question for KMI
Jack Wilson
Truist Securities
1 question for KMI
Also covers: KRP, SAIC
Recent press releases and 8-K filings for KMI.
Kinder Morgan provides FY 2026 guidance and project update
KMI
Guidance Update
New Projects/Investments
Dividends
- Guidance for FY 2026: 4% EBITDA growth, 8% earnings growth, year-end 3.8× debt/EBITDA, and $3.4 billion of expansion CapEx, with annual CapEx guidance raised to over $3 billion through 2027.
- $9.3 billion backlog of board-approved, contracted expansion projects (90% natural gas at <6× EBITDA) up from $3 billion two years ago, plus over $10 billion of additional potential natural gas projects beyond backlog.
- Key project highlights: $1.8 billion share of SS4 Southern Natural Gas expansion (FERC certificate expected summer 2026, in-service 2029) and $425 million Bridge Project for South Carolina utilities (in-service 2030).
- 700 BCF storage portfolio (75% regulated) with recent expansions: 6 BCF in Texas, 10 BCF in East Texas (new FERC permit), and open season in the Southeast for brownfield growth.
- Capital return stance: modest dividend growth (~$0.02/qtr) to fund organic CapEx, with opportunistic share repurchases under current 3.8× leverage, leaving headroom up to 4.5×.
18 hours ago
Kinder Morgan updates FY2026 guidance and expansion pipeline
KMI
Guidance Update
New Projects/Investments
- Kinder Morgan forecasts 4% EBITDA growth and 8% earnings growth for FY2026, targets 3.8× net debt/EBITDA, plans $3.4 billion expansion CapEx and raises annual expansion guide to > $3 billion
- Expansion backlog reaches $9.3 billion (up from $3 billion two years ago), with 90% gas-focused projects at < 6× EBITDA multiples, plus > $10 billion of additional opportunities across the U.S.
- Key approved projects include the $3 billion Southern Natural Gas SS4 expansion (KMI share $1.8 billion), expecting FERC certificate in summer 2026 and in-service by 2029, and the $425 million Bridge Project to serve 325 Dth/d for a 2.2 GW South Carolina plant by 2030
- Pursuing refined products expansion via an open season with P66 to extend East/West Lines from El Paso to Phoenix (market ~250 kbd), targeting FID in Q1 2026
19 hours ago
Kinder Morgan announces 2026 financial guidance
KMI
Guidance Update
Dividends
New Projects/Investments
- Adjusted EPS of $1.37, representing an 8% increase versus 2025 guidance.
- Adjusted EBITDA of $8.7 billion, up 4% versus 2025 guidance.
- Annual dividend of $1.19 per share, marking the ninth consecutive increase.
- Year-end Net Debt/Adjusted EBITDA ratio forecast at 3.8×, within the 3.5–4.5× target range.
- Discretionary capital expenditures of $3.4 billion, primarily funded from internally generated cash flow.
1 day ago
Kinder Morgan reports Q3 2025 results
KMI
Earnings
Dividends
New Projects/Investments
- EBITDA rose 6% and adjusted EPS grew 16% year-over-year; net income of $628 million and EPS of $0.28 matched Q3 2024, while the quarterly dividend was increased 2% to $0.2925/share (annualized $1.17), and net debt/EBITDA improved to 3.9×.
- Natural gas transport volumes were up 6% and gathering volumes up 9% versus Q3 2024 (and 11% sequentially); full-year gathering volumes are now expected to finish 5% above 2024, while refined product and crude volumes dipped slightly; terminals utilization remains high at 95%.
- Expansion backlog held steady at $9.3 billion, and the company is pursuing over $10 billion of additional mostly natural gas projects (LNG export, power, Mexico exports), supporting long-term EBITDA and EPS growth.
- Year-to-date net debt increased by $544 million, driven by $4.225 billion of operating cash flow, $1.95 billion of dividends, $2.245 billion of capital spending, and a $650 million acquisition; Fitch upgraded KMI to BBB+ in August.
Oct 22, 2025, 8:30 PM
Kinder Morgan details $9B project backlog and $2.5B annual capex plan
KMI
New Projects/Investments
Guidance Update
- Kinder Morgan boasts the largest U.S. interstate natural gas network, touching 40% of domestic production and supplying 45% of LNG feed gas, 40% of Southern power generation, and 50% of cross-border flows to Mexico.
- The company has $9 billion of sanctioned projects and sees over $10 billion of additional opportunities across Texas, Louisiana, the Southeast, the West Coast and its NGPL corridor, with some projects targeting sanction in Q1–Q2 2026.
- Kinder Morgan plans to spend approximately $2.5 billion annually on growth projects, targeting single-digit EBITDA growth and high single-digit EPS growth while reducing leverage from the current 3.9x debt/EBITDA toward its 3.5–4.5x goal.
- Permitting timelines have improved, with FERC certificate processes accelerated by over five months, though equipment lead times—especially for compressor units—are tightening, prompting early procurement plans.
- On LNG, the company secures take-or-pay contracts to underpin infrastructure investments, expecting U.S. export facilities to remain competitive and well-utilized amid potential global capacity overbuilds.
Sep 30, 2025, 2:50 PM
Kinder Morgan raises natural gas demand outlook and details major project backlog
KMI
Guidance Update
New Projects/Investments
- Kinder Morgan raised its U.S. natural gas demand forecast to 28 Bcf/d between 2025 and 2030, driven by 20 Bcf/d of LNG export growth versus WoodMac’s 22 Bcf/d projection.
- The $1.8 B Trident pipeline expansion will add 2 Bcf/d of capacity, increasing Kinder’s contracted LNG feed gas from 8 to 12 Bcf/d and supporting 11 Bcf/d of LNG transport by 2027.
- Project backlog grew from $3 B to $9.3 B over the past year, yet the overall $7–$11 B opportunity set remains intact; approximately 50 % of the backlog is power-related, leveraging a 63 Bcf/d interstate system.
- Kinder will maintain a $2.5 B annual expansion CapEx run rate funded by internal cash flow, with debt/EBITDA at 3.9× (target range 3.5–4.5×), enabling continued growth and modest dividend increases.
Sep 3, 2025, 3:14 PM
Kinder Morgan reports Q2 2025 earnings and project updates
KMI
Earnings
Dividends
New Projects/Investments
- Adjusted EBITDA rose 6% and adjusted EPS advanced 12% year-over-year in Q2 2025.
- Net income reached $715 million (up 24% YoY) with EPS of $0.32, and the quarterly dividend was increased 2% to $0.295 per share.
- Project backlog grew to $9.3 billion from $8.8 billion, fueled by $1.3 billion of new awards and $0.75 billion placed in service; ~50% of backlog serves power demand with a 5.6× multiple.
- Approved $500 million of CapEx for the Kinderhawk Haynesville gathering expansion, with full facilities expected in service by Q4 2026.
- Permitting has accelerated under FERC Order 871, featuring a 50% increase in the prior-notice limit and a one-year waiver of the five-month waiting period.
Jul 16, 2025, 11:35 PM
Kinder Morgan Initiates Senior Notes Debt Offering
KMI
Debt Issuance
- Kinder Morgan, Inc. has entered into an underwriting agreement on April 22, 2025, to sell $1.1 billion of 5.150% Senior Notes maturing in 2030 and $750 million of 5.850% Senior Notes maturing in 2035.
- The offering details include distinct pricing for public issuance and underwriter purchase, with interest payable semi-annually beginning December 1, 2025, and a closing date set for May 1, 2025.
- The proceeds are intended for general corporate purposes, including refinancing upcoming debt maturities and repaying commercial paper borrowings, and the notes are fully guaranteed without security.
Apr 25, 2025, 12:00 AM
[Kinder Morgan Q1 2025 Results: Strong Financials, Dividend Increase & Investment Expansion]
KMI
Earnings
Dividends
New Projects/Investments
M&A
- Q1 2025 Financial Performance: Reported net income of $717 million, Adjusted EBITDA of $2,157 million, and robust operational cash flow of $1.2 billion amid challenging market conditions .
- Dividend Announcement: Approved a cash dividend of $0.2925 per share (annualized $1.17), a 2% increase over Q1 2024, with the dividend payable on May 15, 2025 .
- Capital Investments & Expansion: Expanded its project backlog to $8.8 billion and completed a $640 million acquisition of Outrigger Energy II’s gathering and processing system, underpinning further investments in power and pipeline expansion .
- Strong Natural Gas Demand: Achieved record natural gas demand with a 10% increase in residential/commercial usage and a 15% rise in LNG demand .
- Financial Balance Sheet Note: Despite a 4% decline in net income due to unfavorable hedge mark-to-market impacts, adjusted EPS remained stable; net debt stood at $32.8 billion with a 4.1x net debt-to-EBITDA ratio .
Apr 16, 2025, 8:31 PM
Quarterly earnings call transcripts for KINDER MORGAN.
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