Kinder Morgan Inc (NYSE:KMI) reported financial results for the fourth quarter after the market close on Wednesday. Here’s a rundown of the report.
- Kinder Morgan shares are trending higher. Why are KMI shares climbing?
Kinder Morgan Beats Revenue, EPS Estimates In Q4
Kinder Morgan reported fourth-quarter revenue of $4.51 billion, beating the consensus estimate of $4.31 billion, according to Benzinga Pro. The energy infrastructure company reported adjusted quarterly earnings of 39 cents per share, beating analyst estimates of 37 cents per share.
Kinder Morgan reported fourth-quarter net income attributable to the company of $996 million versus $667 million in the prior year’s quarter, and adjusted EBITDA of approximately $2.27 billion, up 10% year-over-year.
The company highlighted its backlog of $10 billion, driven by strong natural gas demand with natural gas projects accounting for approximately 90% of project backlog.
“It is particularly gratifying to maintain leadership in our sector by staying true to our original vision: owning midstream energy assets anchored by long-term, take-or-pay, fee-based contracts with creditworthy customers” said Richard Kinder, executive chairman of Kinder Morgan.
“I have no doubt that we will continue delivering strong growth, reliable performance, and sustained value for many years to come.”
The company’s board approved a cash dividend of $0.2925 per share for the fourth quarter, up 2% year-over-year. The dividend is payable on Feb. 17 to shareholders of record as of Feb. 2. Kinder Morgan expects to declare dividends of $1.19 per share in total for 2026.
Kinder Morgan lowered its full-year 2026 adjusted earnings guidance from $1.37 to $1.36 per share, versus estimates of $1.37 per share. The company’s EPS outlook represents 5% growth compared to 2025.
KMI’s 2026 budgeted net income attributable to the company is $3.1 billion, which is flat compared to 2025, given the gain on an asset sale. Excluding certain items, budgeted adjusted net income attributable to the company is expected to be up 5% year-over-year.
Kinder Morgan’s management team will further discuss the quarter on a conference call with investors and analysts at 4:30 p.m. ET.
Kinder Morgan Stock Rises After Hours
KMI Price Action: Kinder Morgan shares were up 0.84% at $28.82 in extended trading at the time of publication on Wednesday, according to Benzinga Pro.
Image: Shutterstock.com
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