secwatch.observer — SEC 8-K summary
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Issuer:     KINDER MORGAN, INC. (KMI)
CIK:        0001506307
Form:       8-K
Filed at:   2026-01-21T23:59:59+00:00
Accession:  0001506307-26-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kinder Morgan reports record Q4 net income $996M; raises dividend 2%; 2026 adjusted EPS guidance $1.36
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- Q4 EPS $0.45 (up 50% YoY); adjusted EPS $0.39 (up 22%); net income $996M vs $667M.
- Full-year 2025: net income up 17% YoY, adjusted EBITDA up 6%, adjusted EPS up 13%.
- Dividend increased 2% to $0.2925/share; payable Feb 17, 2026 to holders of record Feb 2, 2026.
- 2026 guidance: adjusted EPS $1.36 (up 5%), adjusted EBITDA $8.6B (up 2.5%), net debt/EBITDA 3.8x.
- Backlog $10B with ~90% natural gas projects; added $912M in Q4, placed $265M in service.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506307/000150630726000002/0001506307-26-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506307/000150630726000002/kmi-20260121.htm
  HTML page:      https://secwatch.observer/filing/0001506307-26-000002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer