Kinder Morgan Announces 2026 Financial Expectations

About this update from Kinder Morgan, Inc.

[{"type":"text","content":"$1.37 Adjusted EPS (up 8% versus third quarter guidance); nearly $8.7 billion Adjusted EBITDA; 3.8x leverage at year-end 2026; and $1.19 dividend per share","length":155,"tagName":"p","attribs":{}},{"type":"text","content":"HOUSTON, December 08, 2025--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced its preliminary 2026 financial projections. "We expect approximately 4% growth in Adjusted EBITDA and 8% growth in Adjusted EPS compared to the 2025 guidance we provided on the third quarter earnings call, driven by continued execution on expansion projects in our Natural Gas Pipelines business segment," said Kim Dang, KMI Chief Executive Officer.","length":452,"tagName":"p"},{"type":"text","content":""We are projecting an annualized dividend of $1.19 for 2026, marking the ninth consecutive year of dividend increases. Our year-end 2026 Net Debt-to-Adjusted EBITDA ratio is forecast at 3.8 times, remaining at the low end of our 3.5x–4.5x target range and preserving flexibility for opportunistic investments," Dang concluded.","length":336,"tagName":"p"},{"type":"text","content":""We expect to continue benefiting from strong natural gas market fundamentals, supporting growth on our existing transportation and storage assets and creating expansion opportunities. Our base business remains stable, with growth primarily driven by expansion projects in our Natural Gas Pipelines segment," said Tom Martin, KMI President.","length":350,"tagName":"p"},{"type":"text","content":"Summary of KMI’s Expectations for 2026:","length":39,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Generate $1.37 of Adjusted EPS, up 8% versus the guidance issued in the third quarter for full-year 2025.","length":105,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Produce nearly $8.7 billion of Adjusted EBITDA, up 4% versus the guidance issued in the third quarter for full-year 2025.","length":121,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Invest almost $3.4 billion in discretionary capital expenditures, including expansion projects and contributions to joint ventures, substantially funded from internally generated cash flow.","length":189,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Return additional value to shareholders through an anticipated...

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