Kinder Morgan (NYSE:KMI) Releases Earnings Results, Beats Estimates By $0.03 EPS

Key Points

• Kinder Morgan beat quarterly earnings expectations: The pipeline company reported EPS of $0.35, surpassing the $0.32 consensus estimate by $0.03. Its return on equity was 10.46%, while net margin reached 19.31%.
• Growth prospects strengthened: Record third-quarter results included 21% year-over-year growth in EPS and adjusted EPS, along with $5.4 billion in new expansion-project backlog—the largest natural-gas backlog in company history. The board also maintained its quarterly dividend at $0.2975 per share.
• Investor sentiment is moderately positive: Shares rose 1.2% to $33.97, while analysts’ consensus rating was “Moderate Buy” with a $35.47 price target. An insider sale was disclosed, but it occurred under a pre-arranged Rule 10b5-1 trading plan.

Kinder Morgan (NYSE:KMI - Get Free Report) released its quarterly earnings results on Wednesday. The pipeline company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.03, Zacks reports. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.

Kinder Morgan Stock Up 1.2%

Kinder Morgan stock traded up $0.40 during mid-day trading on Wednesday, hitting $33.97. The company's stock had a trading volume of 18,231,513 shares, compared to its average volume of 12,206,606. The company has a market cap of $75.65 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 2.35 and a beta of 0.59. Kinder Morgan has a 52-week low of $25.60 and a 52-week high of $34.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36. The firm's 50 day moving average is $31.77 and its 200 day moving average is $32.02.

Key Stories Impacting Kinder Morgan

Here are the key news stories impacting Kinder Morgan this week:

• Positive Sentiment: Record results and backlog expansion: Kinder Morgan reported record third-quarter 2026 financial results, with earnings per share and adjusted EPS both rising 21% from the prior-year period. The company also announced $5.4 billion of additions to its expansion-project backlog—the largest natural-gas project backlog in its history—signaling stronger future growth prospects. Kinder Morgan Reports Record Third Quarter 2026 Financial Results
• Positive Sentiment: Dividend maintained: The board approved a quarterly cash dividend of $0.2975 per share, or $1.19 annualized. The distribution reinforces Kinder Morgan’s appeal to income-focused investors and reflects confidence in its fee-based energy-infrastructure cash flows.
• Neutral Sentiment: Analyst backdrop remains moderately bullish: Coverage tracked before the earnings release showed 11 Buy ratings and 11 Hold ratings, with an average price target of $35.47. Several firms had targets between $36 and $38, while others remained neutral, indicating upside potential but also some valuation caution.
• Negative Sentiment: Insider sale adds a modest cautionary signal: Vice President Michael Garthwaite sold 1,550 shares for approximately $52,158, reducing his holdings by 3.17%. However, the transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, and he still retained 47,313 shares, limiting the negative significance.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KMI. Zacks Research lowered shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 23rd. Melius Research began coverage on shares of Kinder Morgan in a research report on Tuesday, September 22nd. They issued a "buy" rating and a $38.00 target price on the stock. Jefferies Financial Group cut their price target on shares of Kinder Morgan from $35.00 to $33.00 and set a "hold" rating on the stock in a report on Thursday, September 17th. Wells Fargo & Company upped their price target on shares of Kinder Morgan from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Finally, Morgan Stanley set a $33.00 price target on shares of Kinder Morgan in a research report on Thursday, September 17th. Eleven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Kinder Morgan presently has an average rating of "Moderate Buy" and a consensus price target of $35.47.

Insider Activity

In related news, VP Michael Garthwaite sold 1,550 shares of the firm's stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $33.65, for a total transaction of $52,157.50. Following the completion of the sale, the vice president directly owned 47,313 shares in the company, valued at approximately $1,592,082.45. This trade represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is owned by company insiders.

About Kinder Morgan

Kinder Morgan, Inc NYSE: KMI is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company's natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.

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