KMI Kinder Morgan (KMI) Q3 FY25 earnings call
Kinder Morgan delivered a strong quarter, driven by robust natural gas demand from LNG exports and emerging AI data center needs, which are expected to ensure significant long-term growth. The company is executing on a $9.3 billion expansion backlog and actively pursuing over $10 billion in potential projects, primarily in natural gas, leveraging its extensive infrastructure and strong cash generation to fund growth while maintaining a healthy dividend.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
KMI operating KPIs by quarter
| KPI | Jun 2025 Q2 FY25 | This call Sep 2025 Q3 FY25 | Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|
| Backlog | $9.3BOur project backlog increased from $8.8 billion to $9.3 billion during the quarter.Source: earnings call transcript | $9.3BOur expansion backlog remained flat at $9.3 billion with the approximately $500 million of new projects offset by projects placed in service.Source: earnings call transcript | $9.6BDuring the quarter, our backlog decreased from approximately $10.1 billion to $9.6 billion.Source: earnings call transcript | $14.4BI think at this point, with the $14.4 billion backlog, hopefully we've established some credibility about being able to bring these things to fruition.Source: earnings call transcript | +50% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.