Kinder Morgan, Inc. reports news about a U.S. energy infrastructure business centered on natural gas pipelines, working gas storage, and refined products, crude oil and condensate transportation. Updates around KMI include quarterly financial results, cash dividends, segment volume trends, project backlog changes, and expansion activity tied to natural gas demand from power generation and local distribution customers.
Company announcements also cover customer open seasons and commercial commitments for refined products pipeline capacity, including projects that use existing Kinder Morgan assets. Operational commentary commonly addresses natural gas system utilization, products pipelines transport rates, crude and condensate volumes, and pipeline conversions to natural gas liquids service.
Kinder Morgan (NYSE: KMI) reported strong Q1 2026 results: net income $976M, Adjusted Net Income $1,063M, Adjusted EBITDA $2,539M, EPS $0.44 and Adjusted EPS $0.48. The board approved a $0.2975 quarterly dividend payable May 15, 2026. KMI ended the quarter with Net Debt-to-Adjusted EBITDA 3.6x and a 2026 project backlog of $10.1B. The company agreed to acquire Monument Pipeline for $505M, expected to close in Q2 2026.
Phillips 66 (PSX) and Kinder Morgan (KMI) advanced the proposed Western Gateway Pipeline after a successful second open season that secured long-term shipper commitments sufficient to proceed, subject to definitive agreements and board approvals.
The project will build a new Borger-to-Phoenix pipeline, reverse existing Gold and SFPP lines to enable east‑to‑west flows into California, connect Midwest and Gulf Coast supplies to Phoenix, California and Las Vegas, and targets an in-service date of mid-2029.
Kinder Morgan (NYSE: KMI) will release first quarter 2026 earnings on April 22, 2026 after market close and will host a live webcast and conference call.
The webcast begins at 3:30 p.m. CT / 4:30 p.m. ET and is available at http://ir.kindermorgan.com/presentations-webcasts; a phone listen-only line and replay are provided.
Phillips 66 and Kinder Morgan (NYSE: KMI) extended the second open season for the proposed Western Gateway refined products pipeline. The open season now closes April 15 at noon CT, giving prospective shippers more time to review the updated Transportation Services Agreement, including certain rates.
The extension covers additional receipt points and deliveries into the Los Angeles market via Kinder Morgan’s SFPP Watson to Colton line. The initial open season ended in December with significant shipper interest and commitments. More details are available at the project website.
Kinder Morgan (NYSE: KMI) reported record 2025 results with full-year net income attributable up 17% versus 2024 and Adjusted EBITDA up 6%. Q4 2025 net income attributable was $996 million and Adjusted EBITDA was $2,271 million. Q4 EPS was $0.45 (Q4 2024: lower) and Adjusted EPS was $0.39. The board approved a Q4 cash dividend of $0.2925 per share payable Feb 17, 2026. 2026 budget calls for flat net income attributable at $3.1 billion, Adjusted EPS of $1.36, Adjusted EBITDA of $8.6 billion, and ending Net Debt-to-Adjusted EBITDA of 3.8x. Backlog totaled $10 billion.
Phillips 66 and Kinder Morgan (KMI) launched a second open season for the proposed Western Gateway Pipeline, a refined products system linking Borger, Texas to Phoenix, Arizona and connecting into California and Nevada.
The second open season opens January 16, 2026 at noon CT and closes March 31, 2026 at noon CT. It offers remaining capacity, adds new origin points for supply diversification, and expands destinations including Los Angeles via a planned reversal of an existing SFPP line between Watson and Colton. The project pairs a new-build Borger–Phoenix pipeline with Kinder Morgan’s reversed Colton–Phoenix SFPP segment and a reversed Phillips 66 Gold Pipeline segment to feed the system. Connectivity to Las Vegas is via Kinder Morgan’s CALNEV pipeline.
Kinder Morgan (NYSE: KMI) will release Fourth Quarter 2025 earnings on January 21, 2026 after market close and will host a live webcast and conference call.
When: January 21, 2026 at 3:30 p.m. CT / 4:30 p.m. ET. Where: http://ir.kindermorgan.com/presentations-webcasts. Phone (listen-only): 1-517-319-9306 passcode 6194050. The webcast will be archived at www.kindermorgan.com. A replay of the conference call will be available one hour after the call through February 22, 2026 via 1-203-369-3813 passcode 21864.
Phillips 66 (NYSE: PSX) and Kinder Morgan (NYSE: KMI) said Western Gateway closed its initial open season after receiving significant interest, including shipper commitments, for a proposed refined products pipeline system.
The companies will launch a subsequent open season in January 2026 for remaining capacity and will offer new destination(s) west of Colton, California via a joint tariff with an existing SFPP line reversed between Watson and Colton to provide access to Los Angeles markets.
The Western Gateway Pipeline pairs a new-build Borger, Texas to Phoenix pipeline with Kinder Morgan's SFPP Colton–Phoenix segment (to be reversed). Supplies will come from Borger and SFPP-connected El Paso, and Phillips 66 will reverse the Gold Pipeline to feed Borger. Connectivity to Phoenix, California, and Las Vegas via CALNEV is described.
Kinder Morgan (NYSE: KMI) released preliminary 2026 financial expectations on December 8, 2025, forecasting $1.37 Adjusted EPS (up 8% vs. its prior 2025 guidance) and nearly $8.7 billion Adjusted EBITDA (up 4%). The company projects $3.4 billion of discretionary capital spending, an annualized $1.19 dividend for 2026 (ninth consecutive increase), and a year-end Net Debt-to-Adjusted EBITDA ratio of 3.8x, within its 3.5x–4.5x target range. The board will formally review the 2026 budget in January 2026, coinciding with fourth-quarter 2025 earnings on January 21, 2026.
Kinder Morgan (NYSE: KMI) reported third quarter 2025 results with net income attributable to KMI of $628 million versus $625 million a year earlier and Adjusted Net Income of $648 million, up 16% year-over-year. Adjusted EBITDA was $1,991 million, up 6%, and GAAP EPS was $0.28 (flat), while Adjusted EPS was $0.29, up 16%. The board approved a $0.2925 quarterly cash dividend (payable Nov 17, 2025; record Nov 3, 2025), a 2% increase year-over-year.
Cash flow from operations was $1.4 billion, free cash flow after capex $0.6 billion (FCF +5% YoY), and Net Debt-to-Adjusted EBITDA was 3.9x. Backlog totaled $9.3 billion. KMI says it currently moves almost 8 Bcf/d of gas to LNG, rising to almost 12 Bcf/d by end of 2028 upon project completion. Several major pipeline projects include STEP (in service Q2 2028), Trident (Q1 2027), MSX (Q4 2028) and SSE4 phases (Q4 2028 and Q4 2029).