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KINDER MORGAN, INC. (KMI) Form 8-K — Oct 21, 2026

$KMIForm 8-KItems 2.02, 9.01Filed Oct 21, 2026, 4:10 PM ET0001506307-26-000130Original filing

Kinder Morgan reported record Q3 2026 results on October 21, 2026, with net income of $764 million (up 22% YoY), Adjusted EPS of $0.35 (up 21%), and Adjusted EBITDA of $2.18 billion (up 9%). The company announced $5.4 billion of additions to its expansion backlog, bringing it to a record $14.4 billion including the largest natural gas project backlog in company history at $13.2 billion, anchored by FIDs on the Southeast Connector and Permian Link pipelines.

Key figures

Eps
0.34
Revenue
4531000000
Guidance
KMI expects to be more than 6% favorable to budget on Adjusted EBITDA and more than 13% favorable on Adjusted EPS for 2026; year-end Net Debt-to-Adjusted EBITDA of 3.6x vs 3.8x budget
Net Income
764000000
Total Assets
75397000000
Cash Position
918000000
Adjusted eps q3
0.35
Annualized dividend
1.19
Project backlog busd
14.4
Dividend increase pct
2
Q3 dividend per share
0.2975
Backlog additions busd
5.4
Adjusted ebitda q3 musd
2180
Adjusted ebitda yoy pct
9
Permian link total busd
4.2
Natural gas backlog busd
13.2
Gathering volumes yoy pct
14
Transport volumes yoy pct
3
Adjusted net income q3 musd
792
Net debt to adjusted ebitda
3.5
Permian link kmi share busd
1.6
Ytd fcf after dividends musd
226
Southeast connector kmi share busd
3.1
Ytd cash flow from operations musd
5041

AI analysis

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