---
schema_version: "secwatch.filing_event.v1"
accession: "0001506307-25-000020"
form_type: "8-K"
ticker: "KMI"
cik: "0001506307"
company_name: "KINDER MORGAN, INC."
filed_at: "2025-04-16T23:59:59+00:00"
generated_at: "2026-05-23T13:19:39.791200+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kinder Morgan Q1 adj net income up 1%; dividend raised 2%; $640M Outrigger acquisition closed

## Summary
- 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%).

## SEC filing metadata
- accession: 0001506307-25-000020
- form_type: 8-K
- ticker: KMI
- cik: 0001506307
- company_name: KINDER MORGAN, INC.
- filed_at: 2025-04-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1506307/000150630725000020/0001506307-25-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1506307/000150630725000020/kmi-20250416.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001506307-25-000020
- JSON: https://secwatch.observer/filing/0001506307-25-000020.json
- Plain text: https://secwatch.observer/filing/0001506307-25-000020.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.