Kinder Morgan said revenues for the 3 and 6 months ended June 30, 2025 increased $470 million and $869 million, respectively, compared with the prior year periods, and Adjusted EBITDA increased $114 million and $134 million, respectively. The company cited earnings in its Natural Gas Pipelines business segment as a primary driver of the increases.

1. 01

   Kinder Morgan said revenues for the 3 and 6 months ended June 30, 2025 increased $470 million and $869 million, respectively, compared with the prior year periods, and Adjusted EBITDA increased $114 million and $134 million, respectively. The company cited earnings in its Natural Gas Pipelines business segment as a primary driver of the increases.

2. 02

   Kinder Morgan said the increases in revenues for the 3 and 6 month periods were primarily due to increases in natural gas sales of $415 million and $781 million, respectively, and increases in services revenues of $119 million and $229 million, respectively. Product sales decreased $143 million and $189 million, respectively, the company said.

3. 03

   Kinder Morgan said it acquired a natural gas gathering and processing system in North Dakota from Outrigger Energy in 2025. Of the $867 million increase in cash used in investing activities for the 6 months, $648 million was cash used for the acquisition and $213 million was the increase in capital expenditures, the company said.

4. 04

   As of June 30, 2025, Kinder Morgan reported cash of $82 million, available borrowing capacity of approximately $2.8 billion under its credit facility and short-term debt of $788 million. The company said it expects to declare dividends of $1.17 per share for 2025.

Key figures

Quarter ended June 30, 2025

Revenue

$3.6B

Operating income

$1.2B

Net income

$715M

EPS

$0.32

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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