Kinder Morgan stock: Richard Kinder buys 500,000 shares
π Executive Chairman Richard Kinder purchased 500,000 Class P common shares directly on November 6 at an average price of $29.99.
π° The insider buy increased Richard Kinder's direct holdings to 246,712,353 shares, maintaining his status as a major owner and 10% holder.
π Kinder Morgan reported record third-quarter net income of $764 million, up from $628 million in the prior year period.
π Adjusted earnings per share increased by 21% to $0.35, while adjusted EBITDA grew 9% to $2.18 billion.
π’οΈ The company disclosed a massive $14.4 billion expansion project backlog, including $13.2 billion dedicated to natural gas projects.
π΅ The board declared a quarterly dividend of $0.2975 per share, payable on November 16 to shareholders of record as of November 2.
π Kinder Morgan stock traded at 27.09 euros on the European market (Lang & Schwarz) on November 9, 2026.
- Executive Chairman Richard Kinder executed a significant insider purchase of 500,000 shares, signaling strong confidence in the company's future value and operational strategy.
- The company achieved record third-quarter net income of $764 million, demonstrating robust profitability and cash generation capabilities.
- Adjusted earnings per share surged 21% year-over-year to $0.35, indicating improved operational efficiency and margin performance.
- Kinder Morgan secured a substantial $14.4 billion expansion project backlog, providing a clear pipeline for future revenue growth and capital deployment.
- The declaration of a quarterly dividend of $0.2975 per share highlights the company's commitment to returning value to shareholders.