Kinder Morgan, Inc.

(New York Stock Exchange)
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Bullish +65

Kinder Morgan stock enters dividend week after record quarter

Dividend Earnings report AI-generated analysis

πŸ“… Kinder Morgan entered ex-dividend week on November 2 with a quarterly cash payment of $0.2975 per share scheduled for November 16.

πŸ’° Third-quarter net income attributable to the company rose to $764 million, representing a significant increase from $628 million in the prior-year period.

πŸ“ˆ Adjusted EBITDA increased 9% year-over-year to reach $2.18 billion, reflecting strong operational performance across the pipeline portfolio.

πŸ”‹ Revenue grew to $4.531 billion compared to $4.146 billion in the third quarter of 2025, driven by higher volumes and pricing power.

πŸ—οΈ The company expanded its project backlog to a record $14.4 billion, with over 75% associated with power generation and local distribution demand.

⚑ Management expects to finish 2026 more than 6% above budget on an adjusted EBITDA basis and 13% above budget on adjusted EPS.

πŸ“‰ The company projects a year-end net debt-to-adjusted EBITDA ratio of 3.6 times, which is better than its budgeted target of 3.8 times.

πŸš€ Two major natural gas projects, Southeast Connector and Permian Link, are expected to begin service in 2030, subject to regulatory approvals.

πŸ“Š Adjusted earnings per share increased 21% year-over-year to $0.35, demonstrating improved profitability on a normalized basis.

Bullish Signals
  • Kinder Morgan reported third-quarter net income of $764 million, a substantial increase from $628 million in the prior-year period.
  • Adjusted EBITDA rose 9% to $2.18 billion, indicating robust operational performance and cash flow generation capabilities.
  • Revenue reached $4.531 billion, up from $4.146 billion in the third quarter of 2025, driven by rising demand for natural gas and power.
  • The company expanded its project backlog to a record $14.4 billion, signaling strong future growth opportunities and capital deployment plans.
  • Management expects to finish 2026 more than 6% above budget on an adjusted EBITDA basis, reflecting confidence in execution.
  • The company projects a year-end net debt-to-adjusted EBITDA ratio of 3.6 times, which is better than its budgeted target of 3.8 times.
  • Adjusted earnings per share increased 21% year-over-year to $0.35, demonstrating improved profitability and operational efficiency.
  • The quarterly dividend payment of $0.2975 per share represents a 2% increase over the prior quarter, supporting shareholder returns.
Full Analysis
Kinder Morgan entered its ex-dividend week on Monday, November 2, with the board approving a quarterly cash payment of $0.2975 per share to shareholders of record as of that date. The payment is scheduled for November 16 and represents a 2% increase over the third-quarter payout in 2025, marking a continued commitment to returning capital to income-focused investors. The company reported strong third-quarter financial results with net income attributable to Kinder Morgan rising to $764 million from $628 million a year earlier. Adjusted net income increased by 22% to $792 million, while adjusted EBITDA grew 9% to $2.18 billion. Revenue reached $4.531 billion, up from $4.146 billion in the prior-year quarter, driven by higher volumes and pricing. Kinder Morgan expanded its project backlog to a record $14.4 billion, with $13.2 billion specifically tied to natural gas projects. Management highlighted rising liquefied natural gas exports, power demand, and industrial activity as key drivers for this growth. The company expects to finish 2026 more than 6% above its budget on an adjusted EBITDA basis and 13% above budget on adjusted EPS.