Kinder Morgan Inc ( (KMI) ) has released its Q1 earnings. Here is a breakdown of the information Kinder Morgan Inc presented to its investors.
Kinder Morgan, Inc. is a leading energy infrastructure company in North America, specializing in the transportation and storage of natural gas, refined petroleum products, crude oil, and other commodities. The company operates an extensive network of pipelines and terminals, making it a significant player in the energy sector.
In its first-quarter 2025 earnings report, Kinder Morgan announced a 2% increase in its cash dividend per share and reported a net income of $717 million. The company also highlighted the addition of $900 million to its project backlog and the completion of a $640 million acquisition of Outrigger Energy II’s assets.
Kinder Morgan reported an adjusted EBITDA of $2,157 million, a 1% increase from the previous year, driven by strong performances in its Natural Gas Pipelines and Terminals segments. However, the Products Pipelines segment faced challenges due to a planned turnaround at a processing facility. The company’s project backlog grew to $8.8 billion, with a significant focus on natural gas projects.
Looking ahead, Kinder Morgan remains optimistic about the growing demand for natural gas and its ability to capitalize on this trend through strategic infrastructure projects. The company expects to achieve a net income of $2.8 billion for 2025, with plans to continue expanding its natural gas pipeline capacity to meet rising demand.