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) has scheduled its second quarter 2025 earnings release and conference call. The company will announce Q2 2025 results on Wednesday, July 16, 2025, after market close.
The earnings conference call will be held at 4:30 p.m. ET and will be accessible via webcast at ir.kindermorgan.com or by phone. A replay will be available until August 17, 2025, through both the company website and dial-in options.
Kinder Morgan (KMI) reported first quarter 2025 financial results with net income of $717 million, down from $746 million in Q1 2024. The company approved a quarterly cash dividend of $0.2925 per share ($1.17 annualized), representing a 2% increase from Q1 2024.
Key financial highlights include:
- Adjusted net income of $766 million, up 1% year-over-year
- Adjusted EBITDA of $2,157 million, up 1% versus Q1 2024
- Cash flow from operations of $1.2 billion
- Free cash flow of $0.4 billion after capital expenditures
The company closed a $640 million acquisition of Outrigger Energy II's gathering and processing system and added $900 million to its project backlog, which now stands at $8.8 billion. KMI's 2025 outlook projects net income of $2.8 billion (up 8% vs 2024) and Adjusted EBITDA of $8.3 billion (up 4% vs 2024).
Enstor Gas has received FERC approval for its Mississippi Hub Expansion Project, with construction set to begin after reaching final investment decision (FID). The project will expand the underground natural gas storage facility in Simpson County, Mississippi by adding three storage caverns with 10 Bcf capacity each.
The expansion will increase total working gas storage capacity by 33.5 Bcf to reach 56.3 Bcf, approximately 2.5 times the current capacity. Injection capacity will increase to 1.90 MMDth/day, while withdrawal capacity remains at 2.40 MMDth/day.
The first storage cavern is already fully subscribed under a long-term contract with Kinder Morgan (KMI). The project, expected to be in-service by 2028, includes construction of compression, dehydration, saltwater disposal wells, and related facilities. The facility serves markets through interconnects with Southern Natural Gas, Southeast Supply Header, and Transcontinental Gas Pipe Line.
Kinder Morgan (NYSE: KMI) has scheduled its first quarter 2025 earnings release and conference call. The company will announce its Q1 2025 financial results on Wednesday, April 16, 2025, after market close.
The earnings webcast and conference call will take place at 3:30 p.m. CT (4:30 p.m. ET). Investors can access the live webcast through the company's investor relations website or join via phone in listen-only mode. For those unable to attend live, an archive will be available on the company's website, and a conference call replay will be accessible until May 17, 2025.
NGPL PipeCo has successfully received required consents from holders of its 4.875% Senior Notes due 2027 and 3.250% Senior Notes due 2031 for amendments to their respective indentures. The consent solicitations are linked to a previously announced transaction where Brookfield Infrastructure will sell its 25% stake in NGPL Holdings to ArcLight Capital Partners funds.
Following the transaction closure expected in Q2 2025, ArcLight funds and Kinder Morgan (NYSE: KMI) will each control 50% of board member elections, with ArcLight holding a 62.5% economic interest and Kinder Morgan maintaining a 37.5% stake. Kinder Morgan will continue operating the pipeline assets. The amendments modify the 'Change of Control' definition to ensure the transaction won't trigger such provisions in the indentures.
NGPL PipeCo has initiated consent solicitations for holders of its 4.875% Senior Notes due 2027 and 3.250% Senior Notes due 2031. This action is connected to a previously announced transaction where Brookfield Infrastructure will sell its 25% interest in NGPL Holdings to ArcLight Capital Partners. Upon completion, ArcLight funds and Kinder Morgan (NYSE: KMI) will each control 50% of board elections, with ArcLight holding 62.5% economic interest and KMI retaining 37.5%.
The transaction may constitute a 'Change of Control' under each indenture. The company is seeking amendments to prevent this classification. Noteholders who consent by April 8, 2025, will receive a $1.00 fee per $1,000 in principal amount. The transaction is expected to close in Q2 2025, subject to conditions.
NGPL PipeCo announced that Brookfield Infrastructure Partners L.P. will sell its 25.0% minority interest in NGPL Holdings to ArcLight Capital Partners, . Upon completion, ArcLight funds will control a 62.5% stake, while Kinder Morgan (KMI) maintains its 37.5% interest and continues to operate the pipeline assets. The transaction is expected to close in Q2 2025.
NGPL is a strategic asset as the largest natural gas transporter to the Chicago market and a major transporter to LNG export facilities on the Texas and Louisiana Gulf Coast. The company operates approximately 9,100 miles of pipeline, over 1 million compression horsepower, and 288 billion cubic feet of working natural gas storage, providing access to all major natural gas supply basins.
Outrigger Energy II has completed the sale of its Williston Basin midstream system in North Dakota to Hiland Partners Holdings, a Kinder Morgan (NYSE: KMI) subsidiary, for $640 million. The system includes a 270 MMcfd cryogenic gas processing plant, 104 miles of high-pressure gathering pipelines, and 6,720 horsepower of field compression.
The high-pressure gathering system spans Williams and Mountrail Counties and is supported by long-term, fee-based contracts with minimum volume commitments from leading Williston Basin operators. The facility represents North Dakota's largest single-train cryogenic processing facility, constructed during the Covid-19 pandemic.
Kinder Morgan (NYSE: KMI) has completed its previously announced $640 million acquisition of a natural gas gathering and processing system in North Dakota from Outrigger Energy II The acquired assets include a 270 MMcf/d processing facility and a 104-mile high-pressure rich gas gathering pipeline with 350 MMcf/d capacity, connecting Williston Basin supplies to high-demand markets.
The system is supported by long-term contracts with major basin customers. KMI expects the acquisition to be immediately accretive to shareholders, with a 2025 Adjusted EBITDA multiple of approximately 8 times on a full-year basis, not including about $20 million of expected cash payments in 2025 that receive deferred revenue recognition. The acquisition will reduce future capital expenditures needed for existing Bakken customer growth and complements KMI's existing Hiland gas assets.