Kinder Morgan beats Q1 revenue, profit estimates on strength in natural gas pipelines segment

Kinder Morgan

22/04/2026 21:20

Overview

U.S. energy infrastructure firm's Q1 revenue rose, beating analyst expectations

Adjusted EPS for Q1 up 41% yr/yr, beating analyst expectations

Company attributes outperformance to strong natural gas pipeline segment amid cold weather

Outlook

Kinder Morgan sees 2026 adjusted EPS of $1.36, up 5% from 2025

Company expects 2026 adjusted EBITDA of $8.6 bln, up 2% versus 2025

Kinder Morgan expects to declare dividends of $1.19 per share for 2026, a 2% increase

Result Drivers

NATURAL GAS PIPELINES - Co said segment drove bulk of Q1 outperformance, benefiting from winter storm Fern and extended cold weather

PRODUCTS PIPELINES - Higher commodity prices and retroactive rate increases lifted segment earnings; turnaround at condensate facility impacted prior yr

TERMINALS - Liquids terminals earnings rose on higher rates, ancillary fees, and early termination payments

Company press release: ID:nBw6t9ynva

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$4.83 bln
$4.60 bln (9 Analysts)
Q1 Adjusted EPS
Beat
$0.48
$0.40 (15 Analysts)
Q1 EPS
$0.44
Q1 Adjusted Net Income
$1.06 bln
Q1 Dividend
$0.29


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas transportation services peer group is "buy"

Wall Street's median 12-month price target for Kinder Morgan Inc is $35.00, about 10.9% above its April 21 closing price of $31.57

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)