Kinder Morgan reported a Q2 profit of $715 million, or $0.32 per share, up from $575 million, or $0.26 per share, last year. Revenue rose 13.2% to $4.042 billion from $3.572 billion.
Title: Kinder Morgan Reports Strong Second-Quarter Financial Results
Kinder Morgan, Inc. (NYSE: KMI) reported a robust second-quarter (Q2) 2025 financial performance, with earnings per share (EPS) up 23% compared to the same period last year. The company's adjusted EPS increased by 12%, reflecting a strong operational performance and project execution [1].
Key financial highlights include:
- Net Income: $715 million, up 24% from $575 million in Q2 2024.
- Adjusted Net Income: $619 million, a 13% increase over Q2 2024.
- Adjusted EBITDA: $1,972 million, up 6% from the previous year.
The company's Natural Gas Pipelines and Terminals business segments contributed significantly to the improved financial performance. Natural gas transport volumes increased by 3% due to higher LNG deliveries and new contracts, while gathering volumes decreased by 6% [1].
Kinder Morgan's project backlog, which stood at $9.3 billion at the end of Q2 2025, reflects the company's strong natural gas demand outlook. The backlog increased by 6% compared to the first quarter of 2025, with natural gas projects accounting for approximately 93% of the total backlog [1].
The company also reported a cash dividend of $0.2925 per share for the second quarter, payable on August 15, 2025, representing a 2% increase over the second quarter of 2024 [1].
Kinder Morgan's outlook for 2025 remains positive, with expectations to exceed budget by at least the amount contributed by the Outrigger Energy II acquisition. The company budgeted net income attributable to KMI of $2.8 billion, up 8% from 2024, and adjusted EPS of $1.27, up 10% from the previous year [1].
References
[1] https://ir.kindermorgan.com/news/news-details/2025/Kinder-Morgan-Reports-Second-Quarter-2025-Financial-Results/default.aspx
Comments
No comments yet