Kinder Morgan (NYSE:KMI) Issues Quarterly Earnings Results

Kinder Morgan (NYSE:KMI) posted its quarterly earnings results on Wednesday. The pipeline company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06, FiscalAI reports. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.22 billion. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The company’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share. 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

Shares of KMI opened at $32.49 on Thursday. The stock has a market capitalization of $72.29 billion, a PE ratio of 21.81, a PEG ratio of 2.70 and a beta of 0.54. The company has a 50 day moving average price of $32.28 and a 200-day moving average price of $31.79. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. Kinder Morgan has a fifty-two week low of $25.60 and a fifty-two week high of $34.81.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be given a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, August 3rd. Kinder Morgan’s dividend payout ratio is presently 79.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Weiss Ratings lowered shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Scotiabank lifted their price objective on shares of Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 26th. The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Royal Bank Of Canada increased their price objective on shares of Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Monday, March 30th. Finally, UBS Group reiterated a “buy” rating and set a $43.00 target price on shares of Kinder Morgan in a research report on Monday, June 15th. Eight analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $34.71.

Trending Headlines about Kinder Morgan

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

• Positive Sentiment: Kinder Morgan reported Q2 EPS of $0.37, above the $0.31 consensus, and revenue of $4.48 billion versus expectations of $4.22 billion, indicating stronger-than-expected operational performance. Article Link
• Positive Sentiment: The company said it achieved record second-quarter net income and adjusted EBITDA, while adjusted EPS rose sharply year over year, which supports the bullish case for the stock. Article Link
• Positive Sentiment: Management also approved a quarterly dividend of $0.2975 per share, or $1.19 annualized, reinforcing KMI’s appeal as a high-yield income stock with a 3.7% yield. Article Link
• Neutral Sentiment: Investors are also watching Kinder Morgan’s updated FY2026 EPS guidance of 1.36, which was below the current analyst estimate of 1.49 and could limit upside if growth expectations remain elevated. Article Link

Insider Buying and Selling at Kinder Morgan

In other news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total value of $48,732.00. Following the transaction, the vice president directly owned 41,743 shares in the company, valued at approximately $1,312,399.92. This trade represents a 3.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $31.90, for a total value of $196,695.40. Following the completion of the transaction, the vice president directly owned 164,208 shares of the company’s stock, valued at approximately $5,238,235.20. The trade was a 3.62% 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 have sold a total of 21,598 shares of company stock worth $693,689 in the last ninety days. Insiders own 12.72% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

Institutional investors and hedge funds have recently modified their holdings of the stock. Mcguire Capital Advisors Inc. acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $30,000. TMB Capital Partners LLC purchased a new position in shares of Kinder Morgan during the fourth quarter worth $243,000. Royal Capital Wealth Management LLC grew its position in Kinder Morgan by 4.7% in the 4th quarter. Royal Capital Wealth Management LLC now owns 12,826 shares of the pipeline company’s stock valued at $353,000 after acquiring an additional 581 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Kinder Morgan by 5.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 257,842 shares of the pipeline company’s stock valued at $7,088,000 after purchasing an additional 12,471 shares in the last quarter. Finally, FAS Wealth Partners Inc. acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at $302,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

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.