Quarterly ResultOct 21, 2026, 04:25 PM
Kinder Morgan Reports Record Q3 2026 Results; Backlog Grows to $14.4B
AI Summary
Kinder Morgan, Inc. (KMI) announced record-breaking third quarter 2026 financial results, with net income attributable to KMI reaching $764 million, a 22% increase year-over-year. Adjusted EBITDA also saw a 9% rise to $2.18 billion. The company significantly expanded its project backlog, adding $5.4 billion to reach a total of $14.4 billion, driven by strong demand in natural gas infrastructure. KMI also declared a quarterly cash dividend of $0.2975 per share, a 2% increase from the prior year. The company is also performing favorably against its 2026 budget, with expectations to exceed targets for Adjusted EBITDA and Adjusted EPS.
Key Highlights
- Kinder Morgan reported record Q3 2026 net income of $764 million, up 22% YoY.
- Adjusted EPS rose 21% to $0.35, while Adjusted EBITDA increased 9% to $2.18 billion.
- Announced $5.4 billion in additions to expansion project backlog, reaching $14.4 billion total.
- Third quarter cash dividend approved at $0.2975 per share, a 2% increase over Q3 2025.
- Natural Gas Pipelines segment EBDA up due to higher contributions from El Paso Natural Gas Pipeline and KinderHawk.
- Terminals segment earnings increased due to higher liquids contributions and commodity prices.
- Company expects to be over 6% favorable to budget on Adjusted EBITDA for 2026.
- Net Debt-to-Adjusted EBITDA ratio at quarter-end was 3.5x, at the low end of the target range.
Price Impact
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