Kinder Morgan reports Q4 2025 net income of $996 million, up from $667 million
Kinder Morgan reported fourth-quarter 2025 net income attributable to KMI of $996 million, up from $667 million a year earlier, and revenue of $4,508 million versus $3,987 million. The GAAP increase includes a gain on an asset sale; excluding certain items, adjusted net income was $866 million, up 22%. The board approved a quarterly dividend of $0.2925 per share, a 2% increase, and the 2026 budget projects adjusted EPS of $1.36, up 5%.
Key points
- Q4 2025 EPS was $0.45, up 50%; adjusted EPS was $0.39, up 22%.
- Q4 2025 adjusted EBITDA was $2,271 million, up 10% from Q4 2024.
- 2026 budget: net income attributable to KMI of $3.1 billion, flat versus 2025; adjusted EPS of $1.36, up 5%.
- Quarterly dividend of $0.2925 per share is payable February 17, 2026, to holders of record on February 2, 2026.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits 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 January 21, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.