---
schema_version: "secwatch.filing_event.v1"
accession: "0001506307-25-000063"
form_type: "8-K"
ticker: "KMI"
cik: "0001506307"
company_name: "KINDER MORGAN, INC."
filed_at: "2025-10-22T23:59:59+00:00"
generated_at: "2026-05-17T02:44:01.658847+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kinder Morgan Q3 adjusted EPS up 16% to $0.29; backlog $9.3B; expects to exceed 2025 budget

## Summary
- 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.

## SEC filing metadata
- accession: 0001506307-25-000063
- form_type: 8-K
- ticker: KMI
- cik: 0001506307
- company_name: KINDER MORGAN, INC.
- filed_at: 2025-10-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1506307/000150630725000063/0001506307-25-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1506307/000150630725000063/kmi-20251022.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001506307-25-000063
- JSON: https://secwatch.observer/filing/0001506307-25-000063.json
- Plain text: https://secwatch.observer/filing/0001506307-25-000063.txt

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