Kinder Morgan posts record Q2 net income of $867 million, up 21% from 2025
Kinder Morgan reported record second-quarter net income attributable to KMI of $867 million, up from $715 million a year earlier, and Adjusted EPS of $0.37, up 32%. The company now expects 2026 Adjusted EBITDA more than 5% and Adjusted EPS more than 12% above its budget, and declared a $0.2975 quarterly dividend. Project backlog fell to $9.6 billion, down $500 million from the first quarter, as large projects were placed in service.
Key points
- Q2 net income attributable to KMI was $867 million, up from $715 million in Q2 2025, an all-time record for the second quarter.
- Q2 EPS was $0.39, up 22%; Adjusted EPS was $0.37, up 32%.
- Adjusted EBITDA was $2,199 million, up 12% from Q2 2025.
- For 2026, KMI expects Adjusted EBITDA more than 5% and Adjusted EPS more than 12% favorable to budget; the quarterly dividend is $0.2975 per share, payable August 17, 2026.
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 July 22, 2026.
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.