Kinder Morgan, Inc.
Kinder Morgan, Inc. Q2 FY26 Results — Earnings Call Analysis
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q2 FY26 call signalled
3 of 4 strong
The short version
- Strong natural gas demand driven by power generation and LNG sectors, with projects serving over 10 Bcf/day for power and 3 Bcf/day for LNG in development. - Adjusted EPS for Q1 2026 up 41%, EBITDA up 18% compared to Q1 2025, indicating strong growth.
From Kinder Morgan, Inc.'s Q2 FY26 earnings-call transcript · updated 29 May 2026.
Revenue & Sales Performance
- Strong natural gas demand driven by power generation and LNG sectors, with projects serving over 10 Bcf/day for power and 3 Bcf/day for LNG in development.
- Continued outperformance expected in natural gas volumes, with volumes up 15% in gathering and 8% in transport in Q1 2026 vs Q1 2025.
- Expansion backlog increased to $10.1 billion, with projects on time and on budget, average in-service date Q1 2028.
- Power and LNG-related opportunities dominating future growth pipeline across the Southern US from Arizona to Florida.
- Monument Pipeline acquisition adds incremental growth with long-term contracts and expansion opportunities.
- Storage expansions (e.g., Bear Creek, NGPL storage) enhance system flexibility, supporting growth.
- Expect full-year 2026 EBITDA to exceed budget by over 3% (~$250M), fueled by natural gas demand and acquisitions.
2 more points from Kinder Morgan, Inc.'s call on revenue
Pro opens every point from 15K+ earnings calls
Profitability & Margins
See what Kinder Morgan, Inc. said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- $10.1 billion expansion project backlog as of Q1 2026, up $145 million from last quarter, with average in-service date in Q1 2028.
- Approximately $230 million of projects placed in service and $375 million of new projects added in Q1 2026, including three data center deals.
- Actively advancing multiple new natural gas pipeline opportunities beyond reported backlog, driven by power growth and LNG demand (over 10 Bcf/day power sector, 3+ Bcf/day LNG).
- Monument Pipeline acquisition in Texas for ~$500 million with expansion activity starting later in 2026 requiring incremental capital.
- Planning incremental expansion of KinderHawk processing capacity by about 1 Bcf during 2026.
2 more points from Kinder Morgan, Inc.'s call on capex
Pro opens every point from 15K+ earnings calls
Fundraising & Capital Structure
See what Kinder Morgan, Inc. said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current project backlog increased to $10.1 billion this quarter, up $145 million from last quarter.
- Approximately $230 million of projects were put in service this quarter.
- Added $375 million in new projects, including three data center deals.
- Backlog multiple remains below 6x with an average in-service date of Q1 2028.
- Over 50% of the project backlog is from the three largest projects, all on time and on budget.
- Beyond the reported backlog, actively advancing numerous identified opportunities, largely driven by power growth.
2 more points from Kinder Morgan, Inc.'s call on order book
Pro opens every point from 15K+ earnings calls
Continue your research
Others in Oil, Gas and Consumable Fuels this season
- HF Sinclair Corporation (Q2 FY26)
HF Sinclair Corporation Q2 FY26 quarterly results analysis. Volume growth: The company is growing volume, having seen over 10% year-over-year volume growth in m
- APA Corporation (Q2 FY26)
APA Corporation Q2 FY26 quarterly results analysis. Suriname GranMorgu project is on track for first oil in mid-2028 and expected to drive significant organic o
- DT Midstream, Inc. (Q2 FY26)
DT Midstream, Inc. Q2 FY26 quarterly results analysis. Strong market demand and oversubscription signal robust future growth, particularly on the Midwestern and
- Ovintiv Inc. (Q2 FY26)
Ovintiv Inc. Q2 FY26 quarterly results analysis. The company plans a "stay flat" program for production volume in both the Permian and Montney regions for 2026,
Arthneeti Pro · Annual
Kinder Morgan, Inc. and 15K+ more earnings calls,
for less than your morning chai
a day
Every earnings call, ranking and concall Q&A across all four results seasons.
Secure Razorpay payment · instant access
Frequently Asked Questions
What were Kinder Morgan, Inc. Q2 FY26 results?
- Strong natural gas demand driven by power generation and LNG sectors, with projects serving over 10 Bcf/day for power and 3 Bcf/day for LNG in development. - Adjusted EPS for Q1 2026 up 41%, EBITDA up 18% compared to Q1 2025, indicating strong growth.
What is Kinder Morgan, Inc. share price analysis?
Kinder Morgan, Inc. currently shows a below-average growth signal. The stock trades at a P/E of 22.1 with a market cap of $70,994. Investors should review the full earnings analysis for detailed insights.
Is Kinder Morgan, Inc. planning capital expenditure?
- $10.1 billion expansion project backlog as of Q1 2026, up $145 million from last quarter, with average in-service date in Q1 2028.
Keep Kinder Morgan, Inc. on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.