NYSE$KMI
Kinder Morgan Inc · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
Kinder Morgan reported Q4 2025 net income of $996M with diluted EPS of $0.45 and adjusted EPS of $0.39.
Fourth-quarter net income attributable to KMI was $996 million versus $667 million a year ago; adjusted net income was $866 million (+22%). Adjusted EBITDA was $2.27 billion (+10%). Natural Gas Pipelines delivered record quarterly performance. The board approved a $0.2925 quarterly dividend, up 2% year over year.
- Q4 net income $996M; adjusted net income $866M.
- Diluted EPS $0.45; adjusted EPS $0.39 (+22%).
- Adjusted EBITDA $2.27B (+10%).
- Project backlog $10B; dividend raised 2%.
Headline financials
Revenue & EPS history
Kinder Morgan · Revenue · Quarterly
$4.51B
Forward guidance
Management discusses Kinder Morgan's outlook, including capital deployment, operating priorities, and key risks, alongside any formal guidance in the earnings materials.
Tailwinds
- Kinder Morgan cites execution on strategic priorities and demand in core markets.
- Liquidity and balance sheet capacity support continued investment and returns.
Headwinds
- Macro, rates, and input costs may pressure margins or volumes.
- Segment mix and non-recurring items can affect sequential comparability.
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 Q4 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
| Quarter | Report date | Reaction (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 | — | — | — |
Discussion
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