---
schema_version: "secwatch.filing_event.v1"
accession: "0001506307-26-000130"
form_type: "8-K"
ticker: "KMI"
cik: "0001506307"
company_name: "KINDER MORGAN, INC."
filed_at: "2026-10-21T20:10:58+00:00"
generated_at: "2026-10-21T20:12:16.114105+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kinder Morgan posts record Q3; EPS $0.34 (+21%), backlog rises to $14.4B

## Summary
- Q3 net income attributable to KMI was $764M vs $628M a year ago; adjusted net income was $792M, up 22%, and Adjusted EBITDA was $2.18B, up 9%.
- EPS was $0.34 and Adjusted EPS was $0.35, each up 21% YoY; board declared a Q3 dividend of $0.2975/share ($1.19 annualized), 2% above Q3 2025.
- Expansion backlog reached $14.4B, up $4.7B from Q2 on $5.4B of additions net of $700M placed in service; natural gas backlog is $13.2B, the largest in company history.
- New backlog projects include SNG Southeast Connector and NGPL Permian Link, each designed for over 2.5 Bcf/d; more than 75% of total backlog supports power generation and LDC demand.
- 2026 outlook: budgeted Adjusted EBITDA $8.6B and Adjusted EPS $1.36; KMI now expects >6% and >13% favorable, respectively, with year-end leverage of 3.6x vs 3.8x budget.

## SEC filing metadata
- accession: 0001506307-26-000130
- form_type: 8-K
- ticker: KMI
- cik: 0001506307
- company_name: KINDER MORGAN, INC.
- filed_at: 2026-10-21T20:10:58+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/1506307/000150630726000130/0001506307-26-000130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1506307/000150630726000130/kmi-20261021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001506307-26-000130
- JSON: https://secwatch.observer/filing/0001506307-26-000130.json
- Plain text: https://secwatch.observer/filing/0001506307-26-000130.txt

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