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as of 08-21-2026 3:46pm EST

$31.05
$0.56
-1.77%
Stocks Utilities Natural Gas Distribution Nasdaq

Kinder Morgan operates natural gas, crude oil, and refined products pipelines connecting producing regions to demand centers. It is principally involved in the gathering, storage, and transmission of natural gas across the continental United States. It also operates distribution centers for refined products along with the largest fleet of Jones Act-compliant tankers.

Founded: 1936 Country:
United States
United States
Employees: N/A City: HOUSTON
Market Cap: 73.1B IPO Year: 2010
Target Price: $33.69 AVG Volume (30 days): 9.9M
Analyst Decision: Buy Number of Analysts: 16
Dividend Yield:
3.74%
Dividend Payout Frequency: quarterly
EPS: 0.82 EPS Growth: 17.09
52 Week Low/High: $25.60 - $34.80 Next Earning Date: 04-22-2026
Revenue: $16,937,000,000 Revenue Growth: 12.17%
Revenue Growth (this year): 5.43% Revenue Growth (next year): 4.52%
P/E Ratio: 38.59 Index:
Free Cash Flow: 2.9B FCF Growth: +49.95%

AI-Powered KMI Daily Prediction

Machine learning model trained on 25+ technical indicators

Updated 2 days ago

AI Recommendation

hold
Model Accuracy: 72.87%
72.87%
Confidence

Disclaimer: This prediction is generated by an AI model and should not be considered as financial advice. Always conduct your own research and consult with financial professionals before making investment decisions.

Stock Insider Trading Activity of Kinder Morgan Inc. (KMI)

Garthwaite Michael P.

VP (Pres., Products Pipelines)

Sell
KMI Aug 17, 2026

Avg Cost/Share

$32.65

Shares

1,550

Total Value

$50,612.15

Owned After

50,413

SEC Form 4

Earnings Transcripts

SEC 8-K filings with transcript text

View All
2026
Q2

Q2 2026 Earnings

8-K BUY

Jul 22, 2026 · 78% conf.

AI Prediction BUY

1D

+1.12%

$32.85

Act: +0.80%

5D

+2.40%

$33.27

Act: -1.94%

20D

+4.77%

$34.04

Act: -1.26%

Price: $32.49 Prob +5D: 89% AUC: 1.000
0001506307-26-000063

EX-99.1

2 kmi2026q28-kex991.htm

EX-99.1

Document

Exhibit 99.1

KINDER MORGAN REPORTS SECOND QUARTER 2026 FINANCIAL RESULTS

Achieves Record Second Quarter Net Income and Adjusted EBITDA

Earnings per share (EPS) 22% greater than 2025; Adjusted EPS up 32%

HOUSTON, July 22, 2026 - Kinder Morgan, Inc.’s (NYSE: KMI) board of directors today approved a cash dividend of $0.2975 per share for the second quarter ($1.19 annualized), payable on August 17, 2026, to stockholders of record as of the close of business on August 3, 2026. This dividend is a 2% increase over the second quarter of 2025.

KMI is reporting:

•Second quarter net income attributable to KMI of $867 million, an all-time record high for the second quarter. This was up from $715 million in the second quarter of 2025. Adjusted Net Income Attributable to KMI, which excludes Certain Items, was $821 million, 33% higher than the second quarter of 2025.

•Adjusted EBITDA of $2,199 million was also a record for the second quarter and was up 12% versus the second quarter of 2025.

•Earnings per share (EPS) of $0.39, up 22% versus the second quarter of 2025, and Adjusted EPS of $0.37, up 32% versus the second quarter of 2025.

“Our fee-based business model, strategically located network of assets, and portfolio of long-term contracts with financially strong customers continue to support stable and predictable cash flows,” Executive Chairman Richard D. Kinder said.

“At the same time, demand for natural gas infrastructure continues to grow. Increasing LNG exports, rising power demand, and industrial expansion make our existing highly utilized assets more valuable and create significant opportunities for investment across our footprint.

“The company’s stable cash flows provide the financial flexibility to fund virtually all of our project backlog internally, support a growing dividend and maintain a strong balance sheet,” Kinder said. “We expect those projects to generate attractive returns, driving future earnings and cash flow growth while helping meet the nation's growing energy infrastructure needs.”

“Strong financial contributions from our business segments resulted in a record second quarter. The company delivered second quarter 2026 net income attributable to KMI of $867 million, 21% higher than the second quarter of 2025, while Adjusted EPS and Adjusted EBITDA were

32% and 12% higher, respectively, than the second quarter of 2025,” Chief Executive Officer Kim Dang said.

Dang continued, “In the second quarter, we continued to internally fund high-quality capital projects while generating cash flow from operations of $2 billion and free cash flow (FCF), which is after capital expenditures, of $1 billion. Our balance sheet remains healthy, as we ended the quarter with a Net Debt-to-Adjusted EBITDA ratio of 3.6 times, at the low end of our targeted range.

“We also achieved very strong results from capital expansion project execution this quarter, placing approximately $660 million (KM-share) in expansion projects into service. These included Tennessee Gas Pipeline’s (TGP) Cumberland Project that will serve a new natural gas-fired power plant in Tennessee; Hiland Express, a conversion of our Double H Pipeline system from crude oil to natural gas liquids service; and the eagerly anticipated Gulf Coast Express pipeline expansion to increase natural gas flows from the Permian Basin to South Texas markets. These revenue-generating expansion projects now join our strong base business, adding to our unparalleled network of pipeline and storage assets.

“As a result of placing those large projects into service, our project backlog at the end of the second quarter of 2026 was $9.6 billion, down $500 million from the first quarter of 2026, although the board today provided contingent approval on almost $400 million in projects that are not yet in the backlog. Natural gas projects account for approximately 92% of our project backlog, and more than 60% of the backlog is associated with projects supporting power generation and local distribution company demand. Even beyond the backlog, we continue to see strong interest from our customers in developing additional natural gas infrastructure.

“In calculating backlog Project EBITDA multiples, we exclude both the capital and EBITDA from our CO2 enhanced oil recovery projects and our gathering and processing projects where first-full-year multiples are more favorable, but the earnings are more uneven than with our other business segments. We expect the remaining $8.5 billion of projects in the backlog, when realized, to generate an aggregate first-full-year Project EBITDA multiple of approximately 5.6 times.”

2026 Outlook

For 2026, KMI budgeted net income attributable to KMI of $3.1 billion, Adjusted EPS of $1.36, declared dividends of $1.19 per share, Adjusted EBITDA of $8.6 billion, and year-end Net Debt-to-Adjusted EBITDA of 3.8 times. Based on results through the second quarter, KMI currently expects to be mo

2026
Q1

Q1 2026 Earnings

8-K

Apr 22, 2026

0001506307-26-000033

EX-99.1

2 kmi2026q18-kex991.htm

EX-99.1

Document

Exhibit 99.1

KINDER MORGAN REPORTS FIRST QUARTER 2026

FINANCIAL RESULTS

Substantial financial outperformance in the quarter

Earnings per share (EPS) 38% greater than 2025; Adjusted EPS up 41%

HOUSTON, April 22, 2026 - Kinder Morgan, Inc.’s (NYSE: KMI) board of directors today approved a cash dividend of $0.2975 per share for the first quarter ($1.19 annualized), payable on May 15, 2026, to stockholders of record as of the close of business on May 4, 2026. This dividend is a 2% increase over the first quarter of 2025.

KMI is reporting:

•First quarter net income attributable to KMI of $976 million versus $717 million in the first quarter of 2025. Adjusted Net Income Attributable to KMI, excluding Certain Items, was $1,063 million, 39% higher than the first quarter of 2025.

•Adjusted EBITDA of $2,539 million, up 18% versus the first quarter of 2025.

•Earnings per share (EPS) of $0.44, up 38% versus the first quarter of 2025; and Adjusted EPS of $0.48, up 41% versus the first quarter of 2025.

“The geopolitical landscape became even more turbulent this quarter, with conflict in the Middle East joining the ongoing war in Ukraine as a source of significant commodity price volatility,” said Executive Chairman Richard D. Kinder. “As a fee-based midstream energy company with highly creditworthy shippers, we are largely insulated from that volatility. Longer-term, these global conflicts highlight the benefits of securing liquified natural gas (LNG) supplies from the United States, driving incremental demand for the services we provide those shippers. And apart from geopolitics, projections for domestic natural gas demand growth, particularly in the power sector, continue to be robust.

“We believe we will continue to thrive as a company by remaining disciplined and committed to our original strategy—owning high‑quality midstream energy assets supported by long‑term, take‑or‑pay, fee‑based contracts with creditworthy customers,” Kinder said. “This foundation gives us confidence in our ability to continue delivering consistent cash flows, attractive growth, and long‑term shareholder value for many years to come.”

“For the quarter all of our business segments were well up, excluding Certain Items, versus the first quarter of 2025. Our Natural Gas Pipelines segment drove the bulk of that outperformance, benefiting from winter storm Fern and extended cold weather. The company delivered first

quarter 2026 net income attributable to KMI of $976 million, 36% higher than the first quarter of 2025 — while Adjusted EPS and Adjusted EBITDA were 41% and 18% higher, respectively, than the first quarter of 2025,” said Chief Executive Officer Kim Dang.

“In the first quarter, we continued to internally fund high-quality capital projects while generating cash flow from operations of $1.5 billion and free cash flow (FCF) after capital expenditures of $0.7 billion, up 28% and 73%, respectively, from the prior year period. Our balance sheet remains healthy, as we ended the quarter with a Net Debt-to-Adjusted EBITDA ratio of 3.6 times.

“We were also pleased this quarter to receive an upgrade from Moody’s, which joined the other two rating agencies in classifying the company as the equivalent of BBB+. This is a recognition of the work so many in the company have done over the years to achieve robust earnings, strong projected growth, and a very healthy balance sheet,” continued Dang.

“While our expansion projects and backlog receive quite a bit of attention, and deservedly so, this quarter’s outperformance is also a testament to the strength of our base business, particularly natural gas. With more than 65,000 miles of natural gas pipelines connected to all major basins and demand centers, along with more than 700 billion cubic feet (Bcf) of working gas storage capacity, we are well poised to support demand growth across the country. Indeed, the growth in utilization of our five major natural gas pipeline systems has been astounding. In 2016, the annual average utilization of those systems was 74%. In 2025, utilization reached 90%,” said Dang.

“Reflecting that high utilization and the robust demand we see coming, our project backlog at the end of the first quarter of 2026 was $10.1 billion, up $145 million from the fourth quarter of 2025, as we added $375 million of projects while placing $230 million of projects in service. Natural gas projects account for approximately 92% of our project backlog and nearly 60% of the backlog is associated with projects supporting power generation and local distribution company demand. Even beyond the backlog, we continue to see strong interest from our customers in developing additional natural gas infrastructure.

“In calculating backlog Project EBITDA multiples, we exclude both the capital and EBITDA from our CO2 enhanced oil recovery projects and our gathering and processing projects, where first-full-year multiples are more favorable,

2025
Q4

Q4 2025 Earnings

8-K

Jan 21, 2026

0001506307-26-000002

EX-99.1

2 kmi2025q48-kex991.htm

EX-99.1

Document

Exhibit 99.1

KINDER MORGAN REPORTS FOURTH QUARTER 2025

FINANCIAL RESULTS

Achieves Record Annual Net Income and Adjusted EBITDA

2025 Earnings per share (EPS) 17% greater than 2024; Adjusted EPS up 13%

HOUSTON, January 21, 2026 - Kinder Morgan, Inc.’s (NYSE: KMI) board of directors today approved a cash dividend of $0.2925 per share for the fourth quarter ($1.17 annualized), payable on February 17, 2026, to stockholders of record as of the close of business on February 2, 2026. This dividend is a 2% increase over the fourth quarter of 2024.

KMI is reporting:

•Fourth quarter net income attributable to KMI of $996 million versus $667 million in the fourth quarter of 2024. Adjusted Net Income Attributable to KMI, excluding Certain Items, primarily from a gain on an asset sale during the fourth quarter of 2025, was $866 million, 22% higher than the fourth quarter of 2024.

•Adjusted EBITDA of $2,271 million, up 10% versus the fourth quarter of 2024.

•Earnings per share (EPS) of $0.45, up 50% versus the fourth quarter of 2024; and Adjusted EPS of $0.39, up 22% versus the fourth quarter of 2024.

“Few would have predicted that the war in Ukraine would soon be entering its fourth year,” said Executive Chairman Richard D. Kinder. “Throughout the conflict, the United States has been a vital guarantor of European energy security, as America continues to lead the world in exports of liquefied natural gas (LNG). Our company has been proud to play a key role in that leadership, delivering more than 40% of the natural gas feedstock to U.S. LNG facilities.

“It is particularly gratifying to maintain leadership in our sector by staying true to our original vision: owning midstream energy assets anchored by long-term, take-or-pay, fee-based contracts with creditworthy customers” Kinder continued. “I have no doubt that we will continue delivering strong growth, reliable performance, and sustained value for many years to come.”

“Led by record-setting performance in our Natural Gas Pipelines business segment, the company delivered its highest ever fourth quarter and full-year net income attributable to KMI and Adjusted EBITDA. For the full year, net income attributable to KMI was 17% higher than 2024 while Adjusted EPS and Adjusted EBITDA were 13% and 6% higher than 2024, respectively,” said Chief Executive Officer Kim Dang.

1

“In the fourth quarter, we continued to internally fund high-quality capital projects while generating cash flow from operations of $1.7 billion and free cash flow (FCF) after capital expenditures of $0.9 billion, up 12% and 18%, respectively, from the prior year period. Our balance sheet remains healthy, as we ended the quarter with a Net Debt-to-Adjusted EBITDA ratio of 3.8 times,” continued Dang.

“Overall, total demand for natural gas is expected to grow by 17% through 2030, led by LNG exports. We have long-term contracts to move 8 billion cubic feet per day (Bcf/d) of natural gas feedstocks to LNG facilities, which is projected to grow to 12 Bcf/d by the end of 2028. We are also actively exploring more than 10 Bcf/d of opportunities to serve the natural gas power generation sector.

“In the markets we serve, we expect robust growth in power demand in the coming years, driven both by population growth and data center siting. In fact, approximately 70% of future power demand from data centers under development is in states served by our assets. With more than 65,000 miles of natural gas pipelines connected to all major basins and demand centers, along with more than 700 Bcf of working gas storage capacity, we are confident that we will secure our share of additional natural gas infrastructure projects supporting demand growth of all types,” said Dang.

“Reflecting this strong demand, natural gas projects account for approximately 90% of our project backlog and nearly 60% of the backlog is associated with projects supporting power generation. Our backlog at the end of the fourth quarter of 2025 was $10 billion, as we added $912 million of projects while placing approximately $265 million of projects in service.

“In calculating backlog Project EBITDA multiples, we exclude both the capital and EBITDA from our CO2 enhanced oil recovery projects and our gathering and processing projects, where first-full-year multiples are more favorable but the earnings are more uneven than with our other business segments. We expect the remaining $8.6 billion of projects in the backlog, when realized, to generate an aggregate first-full-year Project EBITDA multiple of approximately 5.6 times,” continued Dang.

2026 Outlook

KMI’s 2026 budgeted net income attributable to KMI of $3.1 billion is flat to the previous year, as 2025 included a gain on an asset sale which we treat as a certain item. KMI’s 2026 budgeted adjusted net income attributable to KMI, which excludes certain items, is 5% higher than 2025, given the company’s outperformance in 2025, and Adjusted

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