NYSE$KMI

Kinder Morgan Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Kinder Morgan reported Q2 2025 net income of $742M with diluted EPS of $0.32.

Net income was $742 million as natural gas transport and terminals volumes contributed. Diluted EPS was $0.32. Natural gas demand and contracted backlog support cash flows while project execution and regulatory outcomes shape growth capex.

  • Q2 net income $742M.
  • Diluted EPS $0.32.
  • Natural gas infrastructure demand remains supportive.
  • Project timing and commodity spreads affect growth.

Headline financials

Total Revenue

$4.04B

Previous: $3.57B+13.2%
EPS (adj)

$0.32

Previous: $0.26+23.1%
Capital Expenditures

-$1.41B

Previous: -$1.2B-17.8%
Free Cash Flow

$1.4B

Previous: $1.68B-16.6%
Net Income

$715M

Previous: $575M+24.3%
Operating Income

$1.15B

Previous: $1.04B+11.0%
Gross Profit

$3.27B

Previous: $2.83B+15.5%
Cash & Equivalents

$82M

Previous: $98M-16.3%
Total Assets

$72.4B

Previous: $70.7B+2.4%

Revenue & EPS history

Kinder Morgan · Revenue · Quarterly

$4.04B

Q2 2025+13.2%vs Q2 2024
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Forward guidance

Energy and environmental services outlook ties to commodity prices and volumes.

Tailwinds

  • Production or volume growth and pricing.
  • Capital discipline and shareholder returns.

Headwinds

  • Commodity volatility and regulatory changes.
  • Weather and operating cost inflation.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

-0.1%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+0.2%

Avg return

30 days after

47%

29 / 62 earnings

Positive

+10.6%

Q4 2015

Best reaction

-6.8%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%-0.1%+6.2%
Q4 2025+1.6%+3.5%+14.5%
Q3 2025-4.8%-5.4%-2.1%
Q2 2025-0.7%-1.0%+2.7%
Q1 2025+0.6%-1.3%+4.2%
Q4 2024-1.0%-10.8%-14.2%
Q3 2024+0.2%-0.1%+10.1%
Q2 2024+4.0%+8.0%+4.2%
Q1 2024+2.9%+6.4%+11.4%
Q4 2023-2.9%-3.7%-4.0%
Q3 2023-1.8%-2.0%-2.1%
Q2 2023+2.1%+4.8%+0.9%
Q1 2023-2.0%-0.5%-6.7%
Q4 2022-0.4%-0.3%-5.8%
Q3 2022-3.7%-2.8%+3.7%
Q2 2022+2.0%+4.1%+8.1%
Q1 2022+1.0%-5.1%-2.9%
Q4 2021-1.5%-2.1%-6.2%
Q3 2021-5.0%-3.3%-12.4%
Q2 2021+0.0%+2.1%-8.8%
Q1 2021-1.1%+2.2%+13.1%
Q4 2020-1.9%-1.9%-3.8%
Q3 2020+2.2%-2.4%+12.4%
Q2 2020-4.0%-5.9%-6.5%
Q1 2020-1.7%+3.9%+6.6%
Q4 2019+4.0%+1.7%+5.8%
Q3 2019-0.5%-0.1%+1.3%
Q2 2019-2.3%-0.7%-3.7%
Q1 2019-2.1%+1.1%+2.0%
Q4 2018+2.3%+4.0%+8.5%
Q3 2018+0.1%-2.7%-3.6%
Q2 2018+1.7%+0.1%+1.5%
Q1 2018+3.2%+2.6%+0.3%
Q4 2017-2.0%+1.2%-12.0%
Q3 2017-0.2%-3.0%-8.9%
Q2 2017+5.4%+4.3%-4.9%
Q1 2017-2.1%-2.5%-7.8%
Q4 2016-0.4%-1.8%-3.5%
Q3 2016+5.0%+7.1%+7.4%
Q2 2016-4.5%-4.9%+1.5%
Q1 2016-5.2%
Q4 2015+10.6%
Q3 2015-6.8%
Q2 2015-1.6%
Q1 2015+1.6%
Q4 2014+0.6%
Q3 2014+6.7%
Q2 2014+1.8%
Q1 2014+2.6%
Q4 2013+0.1%
Q3 2013+0.5%
Q2 2013-0.6%
Q1 2013-1.2%
Q4 2012+1.3%
Q3 2012-0.7%
Q2 2012-0.7%
Q1 2012-1.8%
Q4 2011+1.0%
Q3 2011+1.3%
Q2 2011-6.5%
Q1 2011+1.1%
Q4 2010+1.1%
Q3 2010
Q2 2010
Q1 2010

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