Summary
Kinder Morgan, Inc. (KMI) reported total revenues of $4.24 billion for the first quarter of 2025, a 10% increase year-over-year, driven primarily by a significant rise in natural gas sales due to higher commodity prices and an increase in services revenue from higher volumes and rates. Despite revenue growth, net income attributable to KMI decreased by 4% to $717 million, or $0.32 per share, from $746 million, or $0.33 per share, in the prior year's quarter. This decline is largely attributed to an increase in operating costs, expenses, and other, notably higher costs of sales, and operations and maintenance expenses. The company completed a $648 million acquisition of a natural gas gathering and processing system in North Dakota during the quarter, which is expected to contribute to the Natural Gas Pipelines segment. KMI also announced plans to increase its quarterly dividend to $0.2925 per share, reflecting a 2% increase year-over-year, and expects to invest $3.0 billion in expansion projects and acquisitions in 2025. While KMI generated strong operating cash flows, investing activities saw a significant increase in cash used, primarily due to the aforementioned acquisition and capital expenditures.
Financial Highlights
48 data points| Revenue | $4.24B |
| Operating Expenses | $3.10B |
| Operating Income | $1.15B |
| Net Income | $717.00M |
| EPS (Basic) | $0.32 |
| EPS (Diluted) | $0.32 |
| Shares Outstanding (Basic) | 2.22B |
| Shares Outstanding (Diluted) | 2.22B |
Key Highlights
- 1Total revenues increased by 10% to $4.24 billion in Q1 2025 compared to Q1 2024, driven by higher natural gas sales and services revenue.
- 2Net income attributable to Kinder Morgan, Inc. decreased by 4% to $717 million ($0.32/share) from $746 million ($0.33/share) in the prior year quarter.
- 3The company completed the acquisition of Outrigger Energy II LLC's natural gas gathering and processing system for $648 million in February 2025.
- 4Kinder Morgan announced a 2% increase in its quarterly dividend to $0.2925 per share.
- 5Cash used in investing activities increased significantly due to the Outrigger Energy acquisition and higher capital expenditures.
- 6Operating cash flow remained strong at $1.16 billion, though slightly down from $1.19 billion in the prior year quarter.
- 7The company expects to invest $3.0 billion in expansion projects, acquisitions, and joint ventures during 2025.