Kinder Morgan

s (NYSE KMI) board of directors today approved a cash dividend of $0.2925 per share for the third quarter ($1.17 annualized), payable on November 17, 2025, to stockholders of record as of the close of business on November 3, 2025.

SEC original ↗Kinder Morgan — Earnings release (8-K exhibit)EX-99Oct 22, 2025

This dividend is a 2% increase over the third quarter of 2024.

SEC original ↗Kinder Morgan — Earnings release (8-K exhibit)EX-99Oct 22, 2025

We continued to internally fund high-quality capital projects while generating cash flow from operations of $1.4 billion and free cash flow (FCF) after capital expenditures of $0.6 billion, up 13% and 5%, respectively, from the prior year period.

SEC original ↗Kinder Morgan — Earnings release (8-K exhibit)EX-99Oct 22, 2025

Our balance sheet remains healthy, as we ended the quarter with a Net Debt-to-Adjusted EBITDA ratio of 3.9 times, continued Dang.

SEC original ↗Kinder Morgan — Earnings release (8-K exhibit)EX-99Oct 22, 2025

KMI expects to declare dividends of $1.17 per share for 2025, a 2% increase from the dividends declared for 2024.

SEC original ↗Kinder Morgan — Earnings release (8-K exhibit)EX-99Oct 22, 2025

The company also budgeted 2025 Adjusted EBITDA of $8.3 billion, up 4% versus 2024, and to end 2025 with a Net Debt-to-Adjusted EBITDA ratio of 3.8 times.

SEC original ↗Kinder Morgan — Earnings release (8-K exhibit)EX-99Oct 22, 2025

Natural gas transport volumes were up 6% compared to the third quarter of 2024 primarily due to LNG deliveries on TGP, new contracts from expansion projects placed in service on our Texas Intrastate system, and increased Permian deliveries to Waha and Mexico on El Paso Natural Gas.

SEC original ↗Kinder Morgan — Earnings release (8-K exhibit)EX-99Oct 22, 2025

The company continues its stakeholder outreach activities for its SNG and Elba Express Company's (EEC) South System Expansion 4 (SSE4) project after filing for its FERC certificate earlier this year.

SEC original ↗Kinder Morgan — Earnings release (8-K exhibit)EX-99Oct 22, 2025

On September 26, 2025, KMI successfully completed its most recent open season for SFPP s East Line expansion capacity to Tucson, Arizona.

SEC original ↗Kinder Morgan — Earnings release (8-K exhibit)EX-99Oct 22, 2025

With the receipt of all permits and approvals, the expansion is expected to be in-service no later than April 1, 2026.

SEC original ↗Kinder Morgan — Earnings release (8-K exhibit)EX-99Oct 22, 2025

Learn more about our work advancing energy solutions on the lower carbon initiatives page at www.

SEC original ↗Kinder Morgan — Earnings release (8-K exhibit)EX-99Oct 22, 2025

Forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them.

SEC original ↗Kinder Morgan — Earnings release (8-K exhibit)EX-99Oct 22, 2025

Because of these risks and uncertainties, readers should not place undue reliance on these forward-looking statements.

SEC original ↗Kinder Morgan — Earnings release (8-K exhibit)EX-99Oct 22, 2025

Litigation and Environmental 26 Note 10.

SEC original ↗Kinder Morgan — 10-Q Quarterly report10-QOct 23, 2026

Legal Proceedings 53 Item 1A.

SEC original ↗Kinder Morgan — 10-Q Quarterly report10-QOct 23, 2026

Forward-looking statements in this report include, among others, express or implied statements pertaining to: long-term demand for our assets and services, our business strategy, expected financial results, dividends, sustaining and discretionary/expansion capital expenditures, our cash requirements and our financing and capital allocation strategy, anticipated impacts of litigation and legal or regulatory developments, and our capital projects, including the regulatory environment for projects and expected costs, completion timing and benefits of those projects.

SEC original ↗Kinder Morgan — 10-Q Quarterly report10-QOct 23, 2026

Important factors that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements in this report include: the timing and extent of changes in the supply of and demand for the products we transport and handle; repercussions of recent armed conflicts in the Middle East, including commodity price volatility and potential adverse effects on financial and economic conditions; our ability to obtain required permits and approvals for pending expansion projects when expected; the impact of changes in trade policies and tariffs; and the other risks and uncertainties described in Part I, Item 2.

SEC original ↗Kinder Morgan — 10-Q Quarterly report10-QOct 23, 2026