For Q3 2025, Kinder Morgan said net income attributable to KMI was $628 million versus $625 million in the prior-year period; excluding Certain Items, Adjusted Net Income Attributable to KMI was $648 million, 16% higher than the prior-year period. Earnings per share was $0.28, flat to the prior-year period, and Adjusted EPS was $0.29, 16% higher than the prior-year period.

1. 01

   For Q3 2025, Kinder Morgan said net income attributable to KMI was $628 million versus $625 million in the prior-year period; excluding Certain Items, Adjusted Net Income Attributable to KMI was $648 million, 16% higher than the prior-year period. Earnings per share was $0.28, flat to the prior-year period, and Adjusted EPS was $0.29, 16% higher than the prior-year period.

2. 02

   For Q3 2025, the company said Adjusted EBITDA was $1,991 million, up 6% versus the prior-year period. Operating cash flow was $1.4 billion and free cash flow after capital expenditures was $0.6 billion, up 13% and 5%, respectively, from the prior-year period.

3. 03

   At the end of Q3 2025, Kinder Morgan said the project backlog stood at $9.3 billion, with natural gas projects accounting for approximately 90%. The company also said it currently has long-term contracts to move almost 8 Bcf/d of natural gas to LNG facilities and, upon completion of projects under construction, that amount is expected to grow to almost 12 Bcf/d by the end of 2028.

4. 04

   Kinder Morgan said its board of directors approved a cash dividend of $0.2925 per share for Q3 ($1.17 annualized), a 2% increase over Q3. For 2025, the company budgeted Adjusted EBITDA of $8.3 billion and Adjusted EPS of $1.27, with these amounts not including contributions from the Outrigger acquisition.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

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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