Summary
Kinder Morgan, Inc. (KMI) reported a strong 2025, with revenues increasing by 12% to $16.9 billion, driven primarily by a significant rise in natural gas sales due to higher commodity prices and volumes, as well as growth in services revenues from new projects and acquisitions. The company successfully integrated the Outrigger Energy acquisition in North Dakota and divested its 25% interest in EagleHawk. KMI continues to focus on its strategic plan, emphasizing stable, fee-based infrastructure assets, operational efficiency, and disciplined capital allocation. The company anticipates a 2% increase in its 2026 dividend to $1.19 per share and plans to invest approximately $3.3 billion in expansion projects and joint ventures. KMI maintains a robust financial profile, with a strong cash flow from operations and a significant credit facility, demonstrating its commitment to shareholder returns and strategic growth.
Financial Highlights
47 data points| Revenue | $16.94B |
| Operating Expenses | $12.21B |
| Operating Income | $4.72B |
| Net Income | $3.06B |
| EPS (Basic) | $1.37 |
| EPS (Diluted) | $1.37 |
| Shares Outstanding (Basic) | 2.22B |
| Shares Outstanding (Diluted) | 2.22B |
Key Highlights
- 1Total revenues increased by 12% to $16.9 billion in 2025, driven by higher natural gas sales and growth in services revenues.
- 2Completed the acquisition of Outrigger Energy's North Dakota natural gas gathering and processing system for $648 million.
- 3Divested a 25% non-operated equity interest in EagleHawk for $382 million.
- 4Placed several key expansion projects in service, including the TGP and SNG Evangeline Pass projects supporting LNG exports.
- 5Projects placed in service in 2025 included the Altamont Green River pipeline and Tejas South to North expansion.
- 6Anticipates a 2% increase in 2026 dividends to $1.19 per share.
- 7Plans discretionary capital expenditures of nearly $3.3 billion for expansion projects and joint ventures in 2026.