From Financialpost · · 1m 20s
Kinder Morgan Reports Record Third Quarter 2026 Financial Results
Kinder Morgan's third quarter 2026 earnings hit record highs with $764 million net income and $14.4 billion expansion project backlog.
In brief
Kinder Morgan's third quarter 2026 earnings hit record highs with $764 million net income and $14.4 billion expansion project backlog. Kinder Morgan reported record third quarter 2026 results with $764 million net income and $14.4 billion expansion project backlog. Originally reported by Financialpost.
Record Third Quarter Results
Kinder Morgan reported record third quarter 2026 results with $764 million net income and $14.4 billion expansion project backlog.
Financial Performance
Earnings per share and adjusted earnings per share both rose 21% compared to 2025, with adjusted EBITDA up 9%.
Dividend Increase
Kinder Morgan announced a $0.2975 per share third quarter dividend, a 2% increase over 2025.
Expansion Project Backlog
The company's expansion project backlog reached $14.4 billion, including $13.2 billion in natural gas projects.
New Projects
Two major projects in the backlog include Southern Natural Gas Company's Southeast Connector and Natural Gas Pipeline Company of America's Permian Link.
Project Details
Each project transports over 2.5 billion cubic feet per day of natural gas and will be among the largest pipeline projects in decades.
2026 Outlook
KMI budgeted $3.1 billion net income, $1.36 adjusted EPS, and a Net Debt-to-Adjusted EBITDA ratio of 3.8 times for 2026.
Future Plans
Kinder Morgan expects to end 2026 with a Net Debt-to-Adjusted EBITDA ratio of 3.6 times, 0.2 times better than budget.
In short
Kinder Morgan reported record third quarter 2026 results with $764 million net income and $14.4 billion expansion project backlog.
