Kinder Morgan raised its full-year 2026 guidance after reporting record second-quarter results, with adjusted EBITDA of $2.199 billion and adjusted earnings per share of $0.37. Net income attributable to KMI reached $867 million, a 21% increase from the prior year, driven by broad-based growth across all business segments. Management now expects full-year adjusted EBITDA to be at least 5% above the original $8.6 billion budget and adjusted EPS to be more than 12% above the original $1.36 budget. The company's capital project backlog stood at $9.6 billion, down from $10.1 billion in the first quarter, while a shadow backlog of over $10 billion in opportunities remains, with natural gas projects representing 92% of the existing sanctioned backlog. The board declared a quarterly dividend of $0.2975 per share, a 2% increase over the second quarter of 2025, and leverage ended the quarter at 3.6x, below the budgeted 3.8x.
Kinder Morgan IncRecord Q2 results, raised 2026 guidance, increased dividend, and strong financial metrics.