Kinder Morgan Reports Strong Q1 Earnings Amid Iran Conflict
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 24 2026
0mins
Source: Fool
- Significant Earnings Growth: Kinder Morgan's Q1 earnings surged 38% year-over-year to $0.44 per share, with adjusted earnings rising 41% to $0.48, reflecting strong performance across all business segments in an uncertain market.
- Natural Gas Pipeline Contribution: The natural gas pipeline segment generated $1.8 billion in EBITDA, up 17% year-over-year, driven by high demand from cold winter weather in Texas, which pushed natural gas transportation volumes up by 8%, laying a solid foundation for future profitability.
- Ongoing Expansion Projects: The company added $375 million in expansion projects during the quarter and completed $230 million, pushing its backlog to $10.1 billion, indicating strong customer demand and future growth potential, particularly with increased U.S. LNG demand amid the Iran conflict.
- Dividend Growth Outlook: Kinder Morgan plans to increase its dividend by 2%, marking the ninth consecutive year of growth, with a current yield of 3.8%, supported by robust earnings growth, making it attractive for income-seeking investors.
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Analyst Views on KMI
Wall Street analysts forecast KMI stock price to rise
14 Analyst Rating
8 Buy
6 Hold
0 Sell
Moderate Buy
Current: 31.520
Low
27.00
Averages
31.62
High
36.00
Current: 31.520
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.
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- LNG Project Restart Possibility: The closure of the Strait of Hormuz has disrupted global LNG supplies, prompting Energy Transfer to reconsider its Lake Charles LNG project, with potential discussions with partners that could add long-term value to its gas pipeline business.
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- Valuation Upside Anticipation: Despite a more than 20% rise in unit price this year, Energy Transfer still trades at a discount compared to large-scale energy midstream companies, suggesting that the market may soon recognize its strong financial position and growth prospects, potentially driving unit prices towards the $25 target.
See More
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