earnings
confidence high
sentiment neutral
materiality 0.75
Kinder Morgan Q1 adj net income up 1%; dividend raised 2%; $640M Outrigger acquisition closed
KINDER MORGAN, INC.
2025-Q1 EPS reported
$0.32
revenue$4,241,000,000
- Q1 2025 net income attributable to KMI $717M, down from $746M in Q1 2024; adjusted net income $766M, up 1%.
- Adjusted EBITDA $2,157M, up 1% vs Q1 2024; cash flow from operations $1.2B; free cash flow $0.4B.
- Board approved $0.2925/share quarterly dividend ($1.17 annualized), a 2% increase, payable May 15, 2025 to holders of record Apr 30.
- Closed $640M acquisition of Outrigger Energy II gathering and processing system in the Bakken.
- Project backlog $8.8B, up from $8.1B at Q4 2024; 2025 outlook: budgeted adj EPS $1.27 (+10%), adj EBITDA $8.3B (+4%).