Kinder Morgan Q1 net income falls to $717 million; adjusted net income rises 1%
Kinder Morgan reported preliminary first-quarter 2025 results, with net income attributable to KMI down from the prior year while adjusted net income and adjusted EBITDA rose 1%. The company also approved a quarterly dividend of $0.2925 per share and announced a leadership transition, with President Tom Martin retiring effective January 31, 2026.
Key points
- Net income attributable to KMI was $717 million in Q1 2025, compared with $746 million in Q1 2024.
- Adjusted net income attributable to KMI was $766 million, 1% higher than Q1 2024; Adjusted EBITDA was $2,157 million, up 1%.
- Quarterly dividend of $0.2925 per share, payable May 15, 2025 to holders of record on April 30, 2025; 2025 budget includes net income of $2.8 billion and Adjusted EPS of $1.27.
- Tom Martin to retire January 31, 2026; Dax Sanders named Executive Vice President effective August 1, 2025 and to succeed Martin as President in January.
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 16, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.