earnings
confidence high
sentiment positive
materiality 0.75
Kinder Morgan Q3 adjusted EPS up 16% to $0.29; backlog $9.3B; expects to exceed 2025 budget
KINDER MORGAN, INC.
2025-Q3 EPS reported
$0.92
revenue$12,429,000,000
- Q3 net income $628M vs $625M Q3 2024; adjusted net income $648M (+16%); Adjusted EBITDA $1,991M (+6%).
- Dividend raised 2% to $0.2925/share ($1.17 annualized), payable Nov 17 to holders of record Nov 3.
- 2025 outlook expects to exceed budget; net income budget $2.8B (+8%), Adjusted EPS $1.27 (+10%).
- Backlog stands at $9.3B with ~90% natural gas projects; liquidity strong with 3.9x Net Debt/EBITDA.
- Free cash flow after capex $0.6B (+5% YoY); management cites robust LNG and power demand growth.