Skip to content
ChickenStockChickenStock
ResearchFilings

AI English summary of an SEC filing — figures as filed

Kinder Morgan logoKinder Morgan KMI

The company said net income attributable to KMI for Q3 2026 was $764 million, up from $628 million in Q3 2025, and Adjusted EBITDA was $2.18 billion, 9% higher than in Q3 2025.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said net income attributable to KMI for Q3 2026 was $764 million, up from $628 million in Q3 2025, and Adjusted EBITDA was $2.18 billion, 9% higher than in Q3 2025.

  2. The company said its expansion project backlog rose to $14.4 billion from Q2 2026, an increase of $4.7 billion, and that the natural gas portion of the backlog was $13.2 billion. The increase is net of $5.4 billion in additions and $700 million of projects placed in service.

  3. The company said SNG reached a final investment decision to proceed with the Southeast Connector Project, with KMI's share of the cost expected to be $3.1 billion. NGPL has reached a final investment decision on its Permian Link Project, which is about $4.2 billion (KMI share about $1.6 billion).

  4. The company said its Net Debt-to-Adjusted EBITDA ratio was 3.5 times at the end of Q3 2026. It expects the year-end ratio to be 3.6 times and said it expects Adjusted EBITDA to be more than 6% favorable to budget for the year.

Summary

AI-written

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.

Q3 2026 Net Income and Adjusted EBITDA

The company said net income attributable to KMI for Q3 2026 was $764 million, up from $628 million in Q3 2025, and Adjusted EBITDA was $2.18 billion, 9% higher than in Q3 2025.

Source · Based on the filing body and exhibits

Expansion Project Backlog $14.4 billion

The company said its expansion project backlog rose to $14.4 billion from Q2 2026, an increase of $4.7 billion, and that the natural gas portion of the backlog was $13.2 billion. The increase is net of $5.4 billion in additions and $700 million of projects placed in service.

Source · Based on the filing body and exhibits

Southeast Connector and Permian Link Reach Final Investment Decision

The company said SNG reached a final investment decision to proceed with the Southeast Connector Project, with KMI's share of the cost expected to be $3.1 billion. NGPL has reached a final investment decision on its Permian Link Project, which is about $4.2 billion (KMI share about $1.6 billion).

Source · Based on the filing body and exhibits

Net Debt-to-Adjusted EBITDA Ratio and 2026 Annual Outlook

The company said its Net Debt-to-Adjusted EBITDA ratio was 3.5 times at the end of Q3 2026. It expects the year-end ratio to be 3.6 times and said it expects Adjusted EBITDA to be more than 6% favorable to budget for the year.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.