Kinder Morgan, Inc. (NYSE: KMI) Q2 2025 Earnings | 17/07/2025

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Kinder Morgan, Inc. (NYSE: KMI) reported its Q2 2025 results on July 17, 2025, highlighting robust operational momentum, record profitability, and a disciplined approach to shareholder returns. Net income attributable to KMI surged to $715 million, up from $575 million in Q2 2024. Earnings per share rose 23% to $0.32, while Adjusted EPS climbed 12% to $0.28, matching consensus expectations. Revenues increased to $4.04 billion (from $3.57 billion in Q2 2024), reflecting broad-based performance strength across natural gas pipelines and terminals. The quarter benefited from particularly strong contributions by the Natural Gas Pipelines and Terminals business segments, which saw increased financial performance and robust project execution. The company generated $1.6 billion in cash flow from operations and $1.0 billion in free cash flow after capital expenditures, with a Net Debt-to-Adjusted EBITDA ratio of 4.0x—supporting a healthy, flexible balance sheet. KMI added $1.3 billion to its project backlog and placed $750 million in new projects into service, further enhancing its long-term growth profile. A quarterly cash dividend of $0.2925 per share was approved—up 2% year-over-year and payable on August 15, 2025. The company continues to benefit from its take-or-pay, fee-based business model, securing long-term commitments in natural gas transportation, particularly for U.S. LNG exports. Management remains optimistic about future growth, with long-term contracts for nearly 8 Bcf/day to LNG facilities and expansion anticipated to 12 Bcf/day by 2028. While the Products Pipelines segment delivered higher volumes, segment earnings were under modest pressure from lower commodity prices and contract expirations. Offsetting this, the Terminals business saw improved earnings led by its tanker fleet and liquids terminals, and the CO2 segment balanced lower prices with higher renewable output. Despite ongoing headwinds in some markets, operational performance and cost controls were solid, and management reaffirmed guidance for continued cash generation and disciplined capital deployment. Outlook: Strong long-term visibility backed by record project backlog and large contracted natural gas transport volumes to LNG terminals. Management signals ongoing investment in high-return projects and further debt reduction while maintaining a stable quarterly dividend. Continued focus on operating efficiency, margin expansion, and maximizing returns from the company’s diversified energy infrastructure portfolio. About Inside Ticker: For more expert analysis and real-time updates on Kinder Morgan, Inc. (NYSE: KMI) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #KinderMorgan #KMI #Q22025 #Earnings #FinancialResults #NetIncome #EPS #NaturalGas #LNG #Pipeline #Dividend #StockMarket #Investing #InsideTicker #CashFlow #TerminalOperations #OperationalPerformance #ProjectBacklog #ShareholderReturns #GrowthStrategy #EnergyInfrastructure #USMarket #2025Outlook