Kinder Morgan (NYSE: KMI) reported record third-quarter 2026 results, with net income attributable to KMI of $764 million, up from $628 million a year earlier, and Adjusted EBITDA of $2.18 billion, up 9%. EPS of $0.34 and Adjusted EPS of $0.35 were each up 21% year over year. The company added $5.4 billion to its expansion project backlog, which reached $14.4 billion, including $13.2 billion of natural gas projects, the largest in its history. Its board approved a quarterly dividend of $0.2975 per share, payable November 16, 2026, a 2% increase over the third quarter of 2025. Management attributed the growth to rising LNG exports, higher power demand and industrial expansion.
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- Kinder Morgan Reports Record Third Quarter 2026 Financial Results
Kinder Morgan declared a third-quarter cash dividend of $0.2975 per share ($1.19 annualized), payable November 16, 2026, a 2% increase over the third quarter of 2025. The company reported net income attributable to KMI of $764 million, up from $628 million a year earlier, and Adjusted EBITDA of $2.18 billion, up 9%. EPS and Adjusted EPS were $0.34 and $0.35, both up 21% year over year. Its expansion project backlog rose $4.7 billion from the second quarter to $14.4 billion, including a record $13.2 billion natural gas portion that adds the Southeast Connector and Permian Link pipeline projects. Net debt to Adjusted EBITDA was 3.5 times, at the low end of its target range.
- Kinder Morgan Reports Record Third Quarter 2026 Financial Results
Kinder Morgan (KMI) reported record third-quarter net income attributable to KMI of $764 million, up 22% from $628 million a year earlier, while EPS and Adjusted EPS both rose 21%. Adjusted EBITDA reached $2.18 billion, up 9%. The expansion project backlog grew to $14.4 billion, including a record $13.2 billion natural gas backlog featuring the Southeast Connector (SNG) and Permian Link (NGPL), each designed to move over 2.5 billion cubic feet per day. Cash flow from operations was $5 billion, free cash flow after capital expenditures and dividends was $230 million, and the Net Debt-to-Adjusted EBITDA ratio stood at 3.5 times. The board approved a quarterly dividend of $0.2975 per share, a 2% increase over the third quarter of 2025.
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