Kinder Morgan Reports Strong Q3 2026 Results with Record Natural Gas Project Backlog
Kinder Morgan (KMI) reported robust third-quarter 2026 financial results, highlighted by a 22% increase in net income to $764 million and a 9% year-over-year growth in Adjusted EBITDA to $2.18 billion. The company's performance was bolstered by record natural gas project backlogs totaling $13.2 billion and significant increases in terminal export activity, which reached an all-time high of 427,000 barrels per day. Strategic investments are driving long-term growth, including the Southeast Connector Project and the Permian Link Project aimed at serving hyperscalers. Despite a decline in crude and condensate volumes due to operational changes, KMI's full-year guidance has been raised, with Adjusted EPS expected to exceed budget by more than 13%. The company also demonstrated improved leverage, reducing its net debt-to-adjusted EBITDA ratio to 3.5 times.
Tickers: $KMI
Topics: Adjusted EBITDA EPS Financial Guidance Natural Gas Backlog Net Income
Read the full article at Motley Fool
Part of the story Kinder Morgan Reports Strong Q3 2026 Results with Record Natural Gas Project Backlog (2 articles)