Kinder Morgan reported $0.39 adjusted EPS for Q4 2025, surpassing estimates amid 9% growth in natural gas transport volumes.
Kinder Morgan (KMI) posted record Q4 2025 adjusted earnings per share of $0.39, exceeding market expectations. The company cited a 9% increase in natural gas transport volumes and a $10 billion backlog, 90% tied to gas infrastructure, including data centers, as key drivers.
The results contrast with Enbridge (ENB), which reported flat adjusted EBITDA of C$5.81 billion for Q1 2026, anchored by its Gas Distribution and Storage segment at C$1.71 billion. Enbridge maintains a 31-year dividend growth streak with a 6.58% yield, compared to Kinder Morgan’s 3.51%.
Kinder Morgan is positioning for 17% U.S. gas demand growth through 2030, fueled by power generation and data centers. The company also received a BBB+ credit rating upgrade from S&P, reflecting improved financial stability.