Kinder Morgan (NYSE:KMI) Issues Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Kinder Morgan (NYSE:KMI) issued its quarterly earnings results on Wednesday. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10, FiscalAI reports. The firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.55 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the company earned $0.34 EPS. Kinder Morgan updated its FY 2026 guidance to 1.360-1.360 EPS.

Here are the key takeaways from Kinder Morgan’s conference call:

• Q1 adjusted EPS rose 41% and EBITDA grew 18%, and management now expects to exceed full‑year adjusted EBITDA budget by more than 3% (excluding Monument); the quarterly dividend was raised 2% to a $1.19 annualized rate.
• Agreed to acquire the Monument Pipeline for ~$500 million, supported by long‑term utility/industrial contracts (weighted average ~9 years), which integrates with KMI’s storage and should add incremental EBITDA after modest follow‑on CapEx.
• Expansion backlog increased to $10.1 billion (average in‑service Q1 2028, backlog multiple <6x) with the three largest projects on time and on budget; growth opportunities are driven by power and LNG demand and KMI highlights its ~700 BCF storage footprint as a competitive advantage.
• The Western Gateway open season with Phillips 66 was successful and KMI plans a JV contribution of certain SFPP east/west lines, but the project is not yet FID or included in the backlog and JV capital contribution details remain unresolved.
• Balance sheet and risk profile strengthened—net debt/adjusted EBITDA ~3.6x (lowest since pre‑2014), Moody’s upgraded KMI to Baa1 (BBB+ equivalent), and oil hedges cover ~90% of 2026 and ~76% of 2027—supporting disciplined capital allocation and the dividend.

Kinder Morgan Trading Down 1.4%

NYSE KMI opened at $31.38 on Thursday. Kinder Morgan has a 12 month low of $25.60 and a 12 month high of $34.73. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.50. The company has a market capitalization of $69.81 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 2.87 and a beta of 0.64. The company’s fifty day moving average price is $32.92 and its two-hundred day moving average price is $29.44.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be issued a $0.2975 dividend. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, May 4th. Kinder Morgan’s dividend payout ratio is currently 85.40%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 30th. Scotiabank upped their price target on shares of Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 26th. Barclays reiterated an “overweight” rating on shares of Kinder Morgan in a report on Friday, February 20th. Wells Fargo & Company boosted their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. Finally, Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Kinder Morgan currently has an average rating of “Hold” and an average price target of $34.33.

Kinder Morgan News Summary

Here are the key news stories impacting Kinder Morgan this week:

• Positive Sentiment: KMI beat expectations on both earnings and revenue for Q1: adjusted EPS $0.48 vs. $0.38 consensus and revenue $4.83B (+13.8% Y/Y), driven by higher natural‑gas volumes — a key near‑term catalyst for cash flow and distribution coverage. Reuters: Kinder Morgan beats Q1 profit estimates Chart: Natural gas sales volume rise
• Positive Sentiment: The board raised the quarterly dividend to $0.2975 (1.7% increase), payable May 15 with an ex‑dividend/record date of May 4 — annualized yield about 3.7%, supporting the income case for dividend‑seeking investors. FinancialPost: Dividend/press release
• Positive Sentiment: Insider buying activity reported recently — insiders added roughly $26.2M of stock over the past 12 months, which some investors view as a vote of confidence from management. Yahoo Finance: Insider buying
• Positive Sentiment: KMI and Phillips 66 plan a major gasoline pipeline to California to help address regional fuel shortages — potential medium‑term revenue/growth tailwind if the project advances. Yahoo Finance: California gasoline pipeline
• Neutral Sentiment: Full Q1 earnings call transcript, slide deck and press release are available for investors wanting detail on segment flows, capital spending and contract renewals — useful for modeling but not an immediate price mover. Seeking Alpha: Q1 call transcript
• Negative Sentiment: KMI set FY2026 EPS guidance at 1.360, below the street consensus (~1.390) — the slight shortfall trims forward earnings expectations and could cap multiple expansion. MarketBeat: Earnings & guidance
• Negative Sentiment: Wolfe Research downgraded KMI from “strong‑buy” to “hold,” which can weigh on demand from some institutional buyers and reduce near‑term upward pressure. TickerReport/Zacks: Wolfe downgrade

Insider Activity at Kinder Morgan

In other news, Director William A. Smith acquired 3,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was purchased at an average cost of $29.75 per share, with a total value of $89,250.00. Following the completion of the acquisition, the director directly owned 31,087 shares in the company, valued at $924,838.25. This represents a 10.68% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Anthony B. Ashley sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total value of $255,600.00. Following the sale, the vice president owned 100,146 shares in the company, valued at $3,199,664.70. The trade was a 7.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 29,598 shares of company stock worth $952,572 over the last quarter. Company insiders own 12.72% of the company’s stock.

Institutional Investors Weigh In On Kinder Morgan

A number of institutional investors have recently made changes to their positions in KMI. Acumen Wealth Advisors LLC bought a new position in Kinder Morgan during the fourth quarter worth $28,000. Mcguire Capital Advisors Inc. bought a new stake in Kinder Morgan during the fourth quarter valued at $30,000. JPL Wealth Management LLC bought a new stake in Kinder Morgan during the third quarter valued at $40,000. Kelleher Financial Advisors acquired a new stake in shares of Kinder Morgan during the third quarter worth $44,000. Finally, Ceeto Capital Group LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth about $48,000. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.