Kinder Morgan, Inc. (KMI) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Kinder Morgan's second quarter 2026 earnings results conference call. Today's conference is being recorded. I will now turn the call over to Mr. Rich Kinder, Executive Chairman of Kinder Morgan. Thank you, Ted. Before we begin, as we usually do, I'd like to remind you that KMI's earnings release today and this call include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities and Exchange Act of 1934, as well as certain non-GAAP financial measures. Before making any investment decisions, we strongly encourage you to read our full disclosures on forward-looking statements and use of non-GAAP financial measures set forth at the end of our earnings release, as well as review our latest filings with the SEC for important material assumptions, expectations and risk factors that may cause actual results to differ materially from those anticipated and described in such forward-looking statements. My remarks for this investor call can really be summed up in four sentences. First, the second quarter was another strong quarter for KMI as both our EBITDA and EPS continued to exceed both prior year and our own budget for 2026 by significant margins. Second, the natural gas growth story remains very positive as demand for LNG export volumes and gas for electric generation continues to grow. Third, this growth is leading to numerous additional opportunities to build new midstream infrastructure supported by long-term contracts with creditworthy customers and we expect to FID very substantial additional CapEx projects during the remainder of this year. Finally, and very importantly, We can fund these projects almost completely with our internally generated cash flow while still continuing to pay a solid a...