Core Viewpoint - Kinder Morgan is positioned for continued growth in earnings and dividends, driven by its leadership in gas infrastructure and stable cash flow from fee-based contracts and regulated rate structures [1][9]. Financial Performance - Kinder Morgan reported a record adjusted income of $2.9 billion or $1.30 per share for the year, reflecting a 13% increase from 2024 [4]. - The company achieved a record adjusted EBITDA of $8.4 billion, which is 6% higher than the previous year [4]. - Cash flow from operations reached $5.9 billion, covering capital expenditures of over $3 billion and dividend payments of $2.6 billion, leaving nearly $300 million for additional financial flexibility [5]. Dividend and Growth Outlook - The company anticipates adjusted earnings will rise to $1.36 per share in 2026, a 5% increase from the previous year, and expects adjusted EBITDA to reach approximately $8.6 billion, nearly 3% above 2025's level [7]. - Kinder Morgan plans to increase its dividend by 2% in 2026, marking the eighth consecutive year of dividend increases [7]. - The company maintains a strong balance sheet with a projected leverage ratio of 3.8 times by the end of 2026 [7]. Project Backlog and Future Growth - Kinder Morgan has a robust backlog of $10 billion in growth capital projects, with new projects added totaling $912 million last quarter [8]. - The company has ongoing projects with completion dates extending through 2030, including three large-scale gas pipelines expected to enter commercial service next year [8]. - The growth in gas demand, particularly from AI data centers, positions Kinder Morgan favorably for future earnings and dividend growth [9].

Core Viewpoint - Kinder Morgan's fourth-quarter results exceeded Wall Street expectations, driven by record performance in natural gas pipeline operations [1] Financial Performance - Adjusted earnings were reported at $0.39 per share, surpassing analyst estimates of $0.36 [2] - Revenue increased to $4.51 billion, exceeding the consensus forecast of $4.32 billion [2] - Cash flow from operations totaled $1.7 billion, while free cash flow after capital expenditures reached $0.9 billion, representing increases of 12% and 18% year-over-year, respectively [4] Operational Highlights - Natural gas transportation volumes rose 9% year-over-year, primarily due to increased liquefied natural gas deliveries on the Tennessee Gas Pipeline [3] - Natural gas gathering volumes increased by 19% across the portfolio, with the KinderHawk system contributing the largest share of the increase [3] Future Outlook - The company expects adjusted earnings per share of $1.36 in 2026, indicating a 5% growth from 2025 [4] - Kinder Morgan plans to raise its annual dividend by 2% to $1.19 per share in 2026 [4]

Key Takeaways KMI reported Q4 adjusted EPS of 39 cents, beating estimates, with revenue rising to $4.5 billion.Kinder Morgan's Natural Gas Pipelines segment posted record Q4 EBDA, driven by higher volumes and key assets.KMI ended the quarter with a $10B project backlog, with natural gas projects making up about 90%.Kinder Morgan Inc. (KMI) reported fourth-quarter 2025 adjusted earnings per share (EPS) of 39 cents, which beat the Zacks Consensus Estimate of 37 cents. The bottom line also increased year over ...

Kinder Morgan (KMI) delivered strong performance in the fourth quarter of 2025, reporting financial results that exceeded analyst expectations on the strength of surging natural gas demand. The midstr... ...

Kinder Morgan has announced a 49% surge in net income for the fourth quarter ending 31 December 2025 (Q4 2025), with figures of $996m compared to $667m during the same period in 2024. The energy infrastructure company reported an increase in adjusted net income to $866m, a 22% rise from $708m a year prior. Adjusted net income attributable to common stock also climbed to $862m, reflecting a 22% increase from $704m in Q4 2024. Additionally, adjusted earnings before interest, taxes, depreciation and amort ...

Market Analysis by covering: Natural Gas Futures, Sunoco LP, Kinder Morgan Inc, Energy Transfer Equity LP. Read 's Market Analysis on Investing.com ...

With U.S. stock futures trading higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:Wall Street expects Abbott Laboratories (NYSE:ABT) to report quarterly earnings at $1.50 per share on revenue of $11.81 billion before the opening bell, according to data from Benzinga Pro. Abbott shares rose 0.2% to $121.01 in after-hours trading.Kinder Morgan Inc. (NYSE:KMI) reported upbeat financial results for the fourth quarter and lowered its full-year 2026 adjusted ear ...

Earnings Per Share (EPS) of $0.39, surpassing the estimated $0.36 and marking a 6.85% earnings surprise.Revenue for the quarter was approximately $4.51 billion, exceeding estimates and marking an increase from the previous year.Net Income and Adjusted EBITDA showed significant year-over-year growth, with a strong project backlog driven by demand for natural gas.Kinder Morgan, Inc. (NYSE:KMI) is a leading energy infrastructure company in North America, specializing in the transportation and storage of oil an ...

Kinder Morgan reported record fourth-quarter and full-year financial results for 2025, underscoring the growing role of U.S. natural gas infrastructure in meeting domestic power demand and global LNG export needs. The Houston-based midstream operator posted fourth-quarter net income attributable to shareholders of $996 million, up from $667 million a year earlier, while adjusted net income rose 22% year-on-year to $866 million. Adjusted EBITDA reached $2.27 billion in the quarter, a 10% increase, reflecti ...

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