Earnings summaries and quarterly performance for KINDER MORGAN.
Executive leadership at KINDER MORGAN.
Kimberly A. Dang
Detailed
Chief Executive Officer
CEO
AB
Anthony B. Ashley
Detailed
Vice President (President, CO 2 and President, Energy Transition Ventures)
CC
Catherine C. James
Detailed
Vice President and General Counsel
DP
David P. Michels
Detailed
Vice President and Chief Financial Officer
DA
Dax A. Sanders
Detailed
Executive Vice President
JE
James E. Holland
Detailed
Vice President and Chief Operating Officer
JW
John W. Schlosser
Detailed
Vice President (President, Terminals)
KG
Kevin Grahmann
Detailed
Vice President, Corporate Development
MG
Michael Garthwaite
Detailed
President, Products Pipelines
MJ
Michael J. Pitta
Detailed
Vice President and Chief Administrative Officer
RD
Richard D. Kinder
Detailed
Executive Chairman
SK
Sital K. Mody
Detailed
Vice President (President, Natural Gas Pipelines)
TA
Thomas A. Martin
Detailed
President
Board of directors at KINDER MORGAN.
AW
Amy W. Chronis
Detailed
Director
AW
Anthony W. Hall, Jr.
Detailed
Director
AC
Arthur C. Reichstetter
Detailed
Director
CP
C. Park Shaper
Detailed
Director
MC
Michael C. Morgan
Detailed
Lead Director
RF
Robert F. Vagt
Detailed
Director
SJ
Steven J. Kean
Detailed
Director
TA
Ted A. Gardner
Detailed
Director
WA
William A. Smith
Detailed
Director
Research analysts who have asked questions during KINDER MORGAN earnings calls.
JT
Jeremy Tonet
JPMorgan Chase & Co.
8 questions for KMI
Also covers: AEE, AEP, AM +45 more
Keith Stanley
Wolfe Research, LLC
8 questions for KMI
Also covers: DK, DTM, ENB +12 more
MB
Michael Blum
Wells Fargo & Company
8 questions for KMI
Also covers: AROC, BE, CQP +15 more
Jean Ann Salisbury
Bank of America
7 questions for KMI
Also covers: CQP, CVX, DK +13 more
JM
John Mackay
Goldman Sachs Group, Inc.
6 questions for KMI
Also covers: AM, ARIS, CQP +16 more
Theresa Chen
Barclays PLC
6 questions for KMI
Also covers: CQP, DINO, DTM +20 more
JG
Jason Gabelman
TD Cowen
5 questions for KMI
Also covers: BP, CLMT, CLNE +19 more
MG
Manav Gupta
UBS Group
5 questions for KMI
Also covers: ADM, AMTX, BE +35 more
BB
Brandon Bingham
Scotiabank
3 questions for KMI
Also covers: CQP, EPD, KNTK +6 more
Julien Dumoulin-Smith
Jefferies
3 questions for KMI
Also covers: AEE, AEP, AES +55 more
Spiro Dounis
Citigroup Inc.
3 questions for KMI
Also covers: ARIS, CQP, DTM +14 more
ZV
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
DW
Dave Winans
Prudential
2 questions for KMI
ND
Neal Dingmann
Truist Securities
2 questions for KMI
Also covers: APA, CHRD, CIVI +33 more
GM
Gabriel Moreen
Mizuho Financial Group, Inc.
1 question for KMI
Also covers: AROC, ATO, DKL +15 more
HM
Harry M
Barclays
1 question for KMI
JK
Jackie Koletas
Goldman Sachs
1 question for KMI
Also covers: ARIS, KNTK, LB +1 more
Jack Wilson
Truist Securities
1 question for KMI
Also covers: KRP, SAIC
Recent press releases and 8-K filings for KMI.
Kinder Morgan reports record Q4 2025 results
KMI
Earnings
Dividends
Guidance Update
- Record Q4 2025 results: net income of $996 million (EPS $0.45, near 150% YOY), adjusted EBITDA of $2.27 billion (+10% YOY) and adjusted EPS of $0.39 (+22% YOY).
- Revenue: Q4 of $4.51 billion (+13% YOY) and full-year $16.42 billion.
- Volumes & projects: transport volumes up 9%, gathering up 19%; supplies over 40% of U.S. LNG feedstock; long-term capacity 8 Bcf/d (rising to 12 Bcf/d by end-2028); backlog expanded to ~$10 billion with ~$900 million of new projects.
- Dividend & guidance: Q4 dividend of $0.2925 per share (~$1.17 annualized), board expects to raise to $1.19 in 2026; 2026 targets of $8.6 billion adjusted EBITDA and $1.36 adjusted EPS.
Jan 22, 2026, 5:32 AM
Kinder Morgan reports Q4 2025 results
KMI
Earnings
Dividends
New Projects/Investments
- Kinder Morgan delivered record Q4 2025 results: Q4 net income attributable to KMI of $996 million and EPS of $0.45, up ~50% yoy; Q4 Adjusted EBITDA grew 10% yoy and Adjusted EPS grew 22% yoy; FY 2025 Adjusted EBITDA and EPS grew 6% and 13% yoy to all-time highs
- Natural gas segment volumes surged in Q4: transport volumes +9% and gathering volumes +19% yoy, with Haynesville gathering setting a daily throughput record of 1.97 BCF/d on December 24
- Project backlog increased to $10 billion (up ~$650 million) and annual growth CapEx guidance raised to ≈$3 billion for the next few years
- Management change: President Tom Martin will retire after 23 years (transitioning to advisor) and Dax will assume the president role
- Quarterly dividend declared at $0.2925 per share (annualized $1.17), up 2% from 2024
Jan 21, 2026, 9:30 PM
Kinder Morgan reports Q4 and full-year 2025 results
KMI
Earnings
Dividends
Guidance Update
- Recorded 10% increase in Q4 Adjusted EBITDA and 22% growth in adjusted EPS; full-year 2025 Adjusted EBITDA rose 6% and adjusted EPS 13%, with Q4 net income of $996 M (EPS $0.45)
- Natural gas transport volumes up 9% and gathering volumes up 19% in Q4, highlighted by a Haynesville record of 1.97 BCF/d on December 24
- Project backlog expanded to $10 B, adding $900 M in new projects and maintaining a backlog multiple below six, with key projects MSX, South System 4, and Trident on budget and schedule
- Strengthened balance sheet with net debt/Adjusted EBITDA improving to 3.8×, S&P upgrade to BBB+, and CapEx guidance of approximately $3 B/year
- Declared Q1 dividend of $0.2925 per share (annualized $1.17, +2% vs. 2024)
Jan 21, 2026, 9:30 PM
Kinder Morgan reports Q4 2025 results
KMI
Earnings
Guidance Update
New Projects/Investments
- 4Q adjusted EBITDA up 10% YoY and adjusted EPS up 22% YoY; net income of $996 million and EPS of $0.45, ~50% above 4Q 2024.
- Natural gas transport volumes +9% and gathering volumes +19% YoY in Q4, with Haynesville daily throughput record of 1.97 BCF/d.
- Project backlog increased by ~$650 million to $10 billion, adding $900 million of new awards and placing $265 million in service; backlog multiple remains <6×.
- Net debt/EBITDA at 3.8×, upgraded by S&P to BBB+, and annual CapEx guidance raised to ~$3 billion.
- Bullish LNG outlook: feed gas demand projected at 19.8 BCF/d in 2026 (+19% YoY), rising to >34 BCF/d by 2030.
Jan 21, 2026, 9:30 PM
Kinder Morgan reports Q4 2025 earnings and 2026 outlook
KMI
Earnings
Dividends
Guidance Update
- Fourth quarter GAAP net income attributable to KMI was $996 million (vs. $667 million in Q4 2024), adjusted EBITDA was $2.27 billion (+10% YoY), and adjusted EPS was $0.39 (+22% YoY).
- The board declared a Q4 dividend of $0.2925 per share (annualized $1.17), a 2% increase YoY, payable February 17, 2026.
- Generated $1.7 billion in operating cash flow and $0.9 billion in free cash flow after capex (up 12% and 18% YoY), with net debt-to-adjusted EBITDA at 3.8×.
- 2026 guidance includes budgeted net income of $3.1 billion (flat), adjusted EPS of $1.36 (+5%), adjusted EBITDA of $8.6 billion (+2.5%), and dividends of $1.19 per share (+2%).
- Project backlog at the end of Q4 reached $10 billion, driven by a $912 million addition and $265 million placed in service.
Jan 21, 2026, 9:13 PM
Kinder Morgan reports Q4 2025 results
KMI
Earnings
Dividends
- Kinder Morgan delivered $996 million in Q4 net income, up from $667 million in Q4 2024, and $2.271 billion in Adjusted EBITDA, a 10% increase.
- Reported Q4 EPS of $0.45 (up 50%) and Adjusted EPS of $0.39 (up 22%) year-over-year.
- Declared a Q4 dividend of $0.2925 per share (annualized $1.17), a 2% increase over Q4 2024, payable February 17, 2026.
- Generated $1.7 billion in operating cash flow and $0.9 billion in free cash flow, up 12% and 18% respectively, ending with a net debt-to-EBITDA ratio of 3.8×.
Jan 21, 2026, 9:05 PM
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
Dec 9, 2025, 3:15 PM
Kinder Morgan outlines FY26 guidance and growth projects
KMI
Guidance Update
New Projects/Investments
- FY2026 guidance calls for 4% EBITDA growth, 8% earnings growth, ending the year at 3.8× debt/EBITDA, with $3.4 billion in expansion CapEx and a raised multi-year run rate above $3 billion per year.
- Board-approved expansion backlog stands at $9.3 billion (up from $3 billion two years ago), 90% natural gas, with projects under 6× EBITDA multiples, plus >$10 billion of similar potential projects beyond the backlog.
- Major gas projects include the $3 billion SS4 expansion (KMI share ~$1.8 billion), with a FERC certificate expected next summer and in-service in 2029, and the $425 million Bridge pipeline (325 Dth/d) to serve a 2.2 GW plant in 2030.
- A refined products open season with P66 targets an East Line & Gold Line reversal to bring PADD 2 barrels from Borger/Wood River into Phoenix, with FID aimed for 1Q 2026.
- Storage footprint of 700 Bcf (75% regulated), recent 6 Bcf expansion in Texas, a newly permitted 10 Bcf East Texas expansion, and strong unregulated market rates support further brownfield growth.
Dec 9, 2025, 3:15 PM
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×.
Dec 9, 2025, 3:15 PM
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.
Dec 8, 2025, 9:05 PM
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