Kinder Morgan Reports Strong Q2 Earnings and Raises Full-Year Guidance
Kinder Morgan (NYSE: KMI) reported strong second-quarter results for 2026, with net income rising to $867 million—a 21% increase from the same period in 2025. Adjusted earnings per share climbed by 32%, and adjusted EBITDA reached a record $2.199 billion, up 12%. The company raised its full-year guidance for both adjusted EBITDA and EPS due to outperformance across segments. Kinder Morgan also improved leverage metrics with net debt-to-adjusted EBITDA at 3.6x despite increased capital spending. Natural gas transport volumes rose by 7%, while gathering volumes surged 26%. However, refined product and crude oil volumes declined slightly due to external factors like supply disruptions and pipeline conversions. The company announced a $0.2975 per share quarterly dividend—a 2% increase—and highlighted progress on major infrastructure projects such as the Trident expansion at 60% completion and several new pipelines placed in service during Q1-Q2.
Topics: adjusted EBITDA financial performance guidance update net income