Kinder Morgan (KMI) Reports Record Q4 2025 Earnings with $996 Million Net Income
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Strong Performance: Kinder Morgan reported a record net income of $996 million and earnings per share of $0.45 for Q4 2025, reflecting a 49% and 50% increase compared to Q4 2024, showcasing the company's exceptional performance amid robust natural gas demand.
- Increased Project Backlog: The project backlog grew from $9.3 billion at the beginning of 2025 to $10 billion, with over $900 million in new projects added, indicating Kinder Morgan's ongoing expansion in infrastructure development and market confidence.
- Natural Gas Demand Forecast: Management projects LNG feed gas demand to average 19.8 Bcf per day in 2026, a 19% increase from 2025, with expectations of exceeding 34 Bcf per day by 2030, reflecting strong future market potential.
- Improved Financial Health: The net debt to adjusted EBITDA ratio improved from 3.9x in the previous quarter to 3.8x, with cash flow from operations reaching $5.92 billion, demonstrating significant enhancements in Kinder Morgan's capital management and financial stability.
Analyst Views on KMI
Wall Street analysts forecast KMI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KMI is 31.62 USD with a low forecast of 27.00 USD and a high forecast of 36.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
8 Buy
6 Hold
0 Sell
Moderate Buy
Current: 27.960
Low
27.00
Averages
31.62
High
36.00
Current: 27.960
Low
27.00
Averages
31.62
High
36.00
About KMI
Kinder Morgan, Inc. is an energy infrastructure company. The Company owns an interest in or operates approximately 79,000 miles of pipelines and 139 terminals. Its Natural Gas Pipelines segment includes ownership and operation of interstate and intrastate natural gas pipeline and storage systems and natural gas gathering systems and natural gas processing and treating facilities. Its Products Pipelines segment includes ownership and operation of refined petroleum products, crude oil and condensate pipelines that primarily deliver, among other products, gasoline, diesel and jet fuel, crude oil and condensate to various markets, plus the ownership and/or operation of associated product terminals and petroleum pipeline transmix facilities. Its Terminals segment includes ownership and/or operation of liquid and bulk terminal facilities and Jones Act-qualified tankers. Its CO2 segment is engaged in the production, transportation and marketing of CO2 to oil fields.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
