Kinder Morgan (NYSE:KMI) Issues Earnings Results

Kinder Morgan (NYSE:KMI) issued its earnings results on Wednesday. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06, FiscalAI reports. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.50%. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same quarter last year, the business posted $0.28 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. Kinder Morgan updated its FY 2026 guidance to 1.360-1.360 EPS.

Here are the key takeaways from Kinder Morgan’s conference call:

• Kinder Morgan said Q2 results were very strong, with adjusted EBITDA up 12% and adjusted EPS up 32% year over year, and all business segments contributing to growth.
• The company raised full-year 2026 guidance, now expecting adjusted EBITDA at least 5% above its original budget and adjusted EPS at least 11% above budget.
• Management highlighted a robust growth pipeline, saying the backlog remains near record levels and could expand further this year as demand for gas-fired power and LNG-linked infrastructure accelerates.
• Major gas projects including Mississippi Crossing, South System Expansion Four, and Trident are progressing on schedule and on budget, while Western Gateway could reach FID in the next month or two.
• The company emphasized a strong balance sheet with leverage at 3.6x, leaving room to fund growth projects and maintain a 2% higher annualized dividend of $1.19 per share.

Kinder Morgan Price Performance

NYSE KMI opened at $32.73 on Friday. Kinder Morgan has a 1 year low of $25.60 and a 1 year high of $34.81. The company has a fifty day simple moving average of $32.27 and a 200 day simple moving average of $31.83. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92. The company has a market cap of $72.82 billion, a P/E ratio of 20.98, a P/E/G ratio of 2.72 and a beta of 0.54.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be issued a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, August 3rd. Kinder Morgan’s dividend payout ratio is currently 76.28%.

Trending Headlines about Kinder Morgan

Here are the key news stories impacting Kinder Morgan this week:

• Positive Sentiment: Kinder Morgan reported better-than-expected Q2 2026 results, with EPS of $0.37 beating estimates of $0.31 and revenue of $4.48 billion topping forecasts, driven by higher natural gas volumes and record net income/adjusted EBITDA. Business Wire Q2 Results
• Positive Sentiment: The company raised its 2026 outlook and said its gas project pipeline has grown above $10 billion, supported by LNG, power, and data-center demand, signaling more growth ahead. Yahoo Finance earnings call highlights
• Positive Sentiment: Kinder Morgan also approved a quarterly dividend of $0.2975 per share, underscoring strong cash generation and reinforcing the stock’s income appeal. Business Wire dividend announcement
• Neutral Sentiment: The company published its 2025 Sustainability Report, highlighting methane reductions, lower carbon investments, and emissions-detection technology. This is more of a long-term ESG update than a direct earnings driver. Sustainability report

Insider Buying and Selling at Kinder Morgan

In related news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of the sale, the vice president owned 41,743 shares in the company, valued at $1,312,399.92. This represents a 3.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total value of $199,840.06. Following the transaction, the vice president owned 176,540 shares of the company’s stock, valued at approximately $5,721,661.40. This trade represents a 3.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 21,598 shares of company stock worth $693,689 in the last quarter. Insiders own 12.72% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its holdings in Kinder Morgan by 2.2% in the 4th quarter. State Street Corp now owns 116,860,317 shares of the pipeline company’s stock valued at $3,212,490,000 after purchasing an additional 2,510,601 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Kinder Morgan by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,104,829 shares of the pipeline company’s stock valued at $827,582,000 after buying an additional 195,088 shares during the last quarter. Orbis Allan Gray Ltd raised its position in shares of Kinder Morgan by 3.1% during the second quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock valued at $665,474,000 after buying an additional 670,856 shares during the last quarter. Invesco Ltd. grew its position in Kinder Morgan by 1.0% during the third quarter. Invesco Ltd. now owns 22,165,368 shares of the pipeline company’s stock worth $627,502,000 after buying an additional 216,039 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Kinder Morgan by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 16,789,254 shares of the pipeline company’s stock worth $461,543,000 after buying an additional 237,495 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

KMI has been the subject of several research reports. Wolfe Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Jefferies Financial Group reaffirmed a “hold” rating on shares of Kinder Morgan in a research report on Thursday. Citigroup lifted their target price on shares of Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, March 30th. Zacks Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Eight equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.79.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.