Kinder Morgan reports 49% surge in Q4 2025 net income

Financial Performance - Kinder Morgan reported a 49% increase in net income for Q4 2025, reaching $996 million compared to $667 million in Q4 2024 [1] - Adjusted net income rose to $866 million, a 22% increase from $708 million a year prior [1] - For the full year 2025, net income attributable to Kinder Morgan increased to $3.05 billion, up 17% from $2.61 billion in 2024 [3] - Adjusted net income attributable to common stock advanced to $2.88 billion, up 13% from $2.55 billion in 2024 [4] - Adjusted EBITDA for Q4 2025 was $2.2 billion, a 10% increase from $2.06 billion in the same quarter of the previous year [2] - Adjusted EBITDA for the full year 2025 totaled $8.39 billion, up 6% from $7.93 billion in 2024 [4] Future Outlook - Kinder Morgan has budgeted for net income of $3.1 billion in 2026, aligning with 2025 figures when excluding certain asset sale gains [2] - The company expects a 5% increase in both adjusted net income and adjusted earnings per share from 2025 levels [2] - Adjusted EBITDA is anticipated to reach $8.6 billion in 2026, with a target net debt-to-adjusted EBITDA ratio of 3.8 times [3] Strategic Initiatives - In late December 2025, Kinder Morgan completed the sale of its non-operated stake in BPX (Eagle Ford) Gathering for $396 million, resulting in a pre-tax gain of $123 million [4] - The company signed an agreement in January 2025 to acquire a natural gas gathering and processing system in the Bakken formation for $640 million [6] - Kinder Morgan continues to play a significant role in U.S. energy security, delivering over 40% of the natural gas feedstock to U.S. LNG facilities [5]