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Kinder Morgan Reports Record Third Quarter 2026 Financial Results

Business Wire

Announces $5.4 Billion of Additions to Expansion Project Backlog
Largest Natural Gas Project Backlog in Company's History
Earnings per share (EPS) and Adjusted EPS both 21% higher than 2025

HOUSTON, October 21, 2026--Kinder Morgan, Inc.'s (NYSE: KMI) board of directors today approved a cash dividend of $0.2975 per share for the third quarter ($1.19 annualized), payable on November 16, 2026, to stockholders of record as of the close of business on November 2, 2026. This dividend is a 2% increase over the third quarter of 2025.

KMI is reporting all-time record third quarter results:

  • Third quarter net income attributable to KMI of $764 million. This was up from $628 million in the third quarter of 2025. Adjusted Net Income Attributable to KMI, which excludes Certain Items, was $792 million, 22% higher than the third quarter of 2025.

  • Adjusted EBITDA of $2.18 billion, up 9% versus the third quarter of 2025.

  • EPS of $0.34, up 21% versus the third quarter of 2025, and Adjusted EPS of $0.35, also up 21% versus the third quarter of 2025.

  • Largest natural gas expansion project backlog in company history, at $13.2 billion of an overall $14.4 billion project backlog.

Executive Chairman Richard D. Kinder said, "Our record-setting performance is firmly grounded in our long-standing business model. We enjoy a strategically located network of assets and a portfolio of long-term, fee-based contracts with financially strong customers, providing stable and predictable cash flows.

"Our natural gas business in particular is benefiting from increasing LNG exports, rising power demand, and industrial expansion and is capitalizing on significant opportunities for investment across our footprint," said Kinder. "We expect those investments to generate attractive returns, driving future earnings and cash flows to support a growing dividend and maintain a strong balance sheet, all while helping meet growing energy demand in the United States and the world."

Chief Executive Officer Kim Dang said, "This quarter we increased our expansion project backlog to $14.4 billion, including the largest natural gas project backlog in company history at $13.2 billion. Two new major projects in the backlog include Southern Natural Gas Company's (SNG) Southeast Connector and Natural Gas Pipeline Company of America's (NGPL) Permian Link. Each project is designed to transport over 2.5 billion cubic feet per day (Bcf/d) of natural gas and will be among the largest natural gas pipeline projects to be constructed in decades. The Southeast Connector Project is especially transformative in that it will deliver abundant Marcellus/Utica supply to the Southeast, one of the fastest growing demand centers in the country.

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