Kinder Morgan Inc Del Stock Price, News & Analysis

Kinder Morgan (NYSE:KMI) reported strong Q2 2025 financial results, with net income of $715 million, up 24% year-over-year. The company achieved record Adjusted EBITDA of $1.972 billion, a 6% increase from Q2 2024, driven by strong performance in Natural Gas Pipelines and Terminals segments.

Key highlights include a quarterly dividend of $0.2925 per share (2% increase YoY), project backlog growth to $9.3 billion (up 6% from Q1), and $750 million of projects placed in service. The company maintains strong financial health with a Net Debt-to-Adjusted EBITDA ratio of 4.0x and generated $1.6 billion in operating cash flow.

KMI expects to exceed its 2025 budget projections, which include net income of $2.8 billion and Adjusted EBITDA of $8.3 billion, further boosted by the Outrigger Energy II acquisition.

Kinder Morgan (NYSE:KMI) has scheduled its second quarter 2025 earnings release and conference call. The company will announce Q2 2025 results on Wednesday, July 16, 2025, after market close.

The earnings conference call will be held at 4:30 p.m. ET and will be accessible via webcast at ir.kindermorgan.com or by phone. A replay will be available until August 17, 2025, through both the company website and dial-in options.

ArcLight Capital Partners has acquired a 25% interest in Natural Gas Pipeline Company of America (NGPL), increasing its total economic ownership to 62.5%. Kinder Morgan (NYSE: KMI) retains a 37.5% stake and continues to operate NGPL. The pipeline system spans 9,100 miles across nine states, featuring compressor stations with ~1 million horsepower and 288 billion cubic feet of storage capacity. NGPL is strategically positioned to serve growing power demand from AI and data centers, while supporting LNG facilities in Texas and Louisiana. The system provides critical energy infrastructure, connecting major U.S. natural gas basins to key markets. ArcLight brings extensive experience in infrastructure management, having overseen ~65 GW of assets and 47,000 miles of transmission infrastructure worth $80bn in enterprise value since 2001.

Kinder Morgan (KMI) reported first quarter 2025 financial results with net income of $717 million, down from $746 million in Q1 2024. The company approved a quarterly cash dividend of $0.2925 per share ($1.17 annualized), representing a 2% increase from Q1 2024.

Key financial highlights include:

• Adjusted net income of $766 million, up 1% year-over-year
• Adjusted EBITDA of $2,157 million, up 1% versus Q1 2024
• Cash flow from operations of $1.2 billion
• Free cash flow of $0.4 billion after capital expenditures

The company closed a $640 million acquisition of Outrigger Energy II's gathering and processing system and added $900 million to its project backlog, which now stands at $8.8 billion. KMI's 2025 outlook projects net income of $2.8 billion (up 8% vs 2024) and Adjusted EBITDA of $8.3 billion (up 4% vs 2024).

Enstor Gas has received FERC approval for its Mississippi Hub Expansion Project, with construction set to begin after reaching final investment decision (FID). The project will expand the underground natural gas storage facility in Simpson County, Mississippi by adding three storage caverns with 10 Bcf capacity each.

The expansion will increase total working gas storage capacity by 33.5 Bcf to reach 56.3 Bcf, approximately 2.5 times the current capacity. Injection capacity will increase to 1.90 MMDth/day, while withdrawal capacity remains at 2.40 MMDth/day.

The first storage cavern is already fully subscribed under a long-term contract with Kinder Morgan (KMI). The project, expected to be in-service by 2028, includes construction of compression, dehydration, saltwater disposal wells, and related facilities. The facility serves markets through interconnects with Southern Natural Gas, Southeast Supply Header, and Transcontinental Gas Pipe Line.

Kinder Morgan (NYSE: KMI) has scheduled its first quarter 2025 earnings release and conference call. The company will announce its Q1 2025 financial results on Wednesday, April 16, 2025, after market close.

The earnings webcast and conference call will take place at 3:30 p.m. CT (4:30 p.m. ET). Investors can access the live webcast through the company's investor relations website or join via phone in listen-only mode. For those unable to attend live, an archive will be available on the company's website, and a conference call replay will be accessible until May 17, 2025.

NGPL PipeCo has successfully received required consents from holders of its 4.875% Senior Notes due 2027 and 3.250% Senior Notes due 2031 for amendments to their respective indentures. The consent solicitations are linked to a previously announced transaction where Brookfield Infrastructure will sell its 25% stake in NGPL Holdings to ArcLight Capital Partners funds.

Following the transaction closure expected in Q2 2025, ArcLight funds and Kinder Morgan (NYSE: KMI) will each control 50% of board member elections, with ArcLight holding a 62.5% economic interest and Kinder Morgan maintaining a 37.5% stake. Kinder Morgan will continue operating the pipeline assets. The amendments modify the 'Change of Control' definition to ensure the transaction won't trigger such provisions in the indentures.

NGPL PipeCo has initiated consent solicitations for holders of its 4.875% Senior Notes due 2027 and 3.250% Senior Notes due 2031. This action is connected to a previously announced transaction where Brookfield Infrastructure will sell its 25% interest in NGPL Holdings to ArcLight Capital Partners. Upon completion, ArcLight funds and Kinder Morgan (NYSE: KMI) will each control 50% of board elections, with ArcLight holding 62.5% economic interest and KMI retaining 37.5%.

The transaction may constitute a 'Change of Control' under each indenture. The company is seeking amendments to prevent this classification. Noteholders who consent by April 8, 2025, will receive a $1.00 fee per $1,000 in principal amount. The transaction is expected to close in Q2 2025, subject to conditions.

NGPL PipeCo announced that Brookfield Infrastructure Partners L.P. will sell its 25.0% minority interest in NGPL Holdings to ArcLight Capital Partners, . Upon completion, ArcLight funds will control a 62.5% stake, while Kinder Morgan (KMI) maintains its 37.5% interest and continues to operate the pipeline assets. The transaction is expected to close in Q2 2025.

NGPL is a strategic asset as the largest natural gas transporter to the Chicago market and a major transporter to LNG export facilities on the Texas and Louisiana Gulf Coast. The company operates approximately 9,100 miles of pipeline, over 1 million compression horsepower, and 288 billion cubic feet of working natural gas storage, providing access to all major natural gas supply basins.