---
schema_version: "secwatch.filing_event.v1"
accession: "0001506307-25-000042"
form_type: "8-K"
ticker: "KMI"
cik: "0001506307"
company_name: "KINDER MORGAN, INC."
filed_at: "2025-07-16T23:59:59+00:00"
generated_at: "2026-05-18T06:14:28.310939+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kinder Morgan Q2 net income +24% to $715M; record Adjusted EBITDA; dividend +2%

## Summary
- Net income $715M (+24% YoY); Adjusted net income $619M (+13%); record Adjusted EBITDA $1,972M (+6%).
- Dividend raised 2% to $0.2925/share ($1.17 annualized); payable Aug 15, record Jul 31.
- Project backlog $9.3B (+6% vs Q1); $750M in projects placed in service; 93% natural gas.
- FY2025 budget: net income $2.8B (+8%); Adjusted EPS $1.27 (+10%); expect to exceed budget.
- Tariffs impact ~1% of project costs; budget reconciliation provides tax benefits from bonus depreciation.

## SEC filing metadata
- accession: 0001506307-25-000042
- form_type: 8-K
- ticker: KMI
- cik: 0001506307
- company_name: KINDER MORGAN, INC.
- filed_at: 2025-07-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1506307/000150630725000042/0001506307-25-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1506307/000150630725000042/kmi-20250716.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001506307-25-000042
- JSON: https://secwatch.observer/filing/0001506307-25-000042.json
- Plain text: https://secwatch.observer/filing/0001506307-25-000042.txt

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