KMI Kinder Morgan (KMI) Q3 FY26 earnings call
Kinder Morgan delivered a strong third quarter, marked by record financial results and a significant expansion of its project backlog, particularly in natural gas infrastructure. The company emphasized its strategic position to meet growing natural gas demand, both domestically and internationally, through long-term, take-or-pay contracts. Management highlighted its disciplined capital allocation and strong balance sheet, which provide flexibility to fund organic growth and extend its visible growth runway well into the next decade.
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KMI operating KPIs by quarter
| KPI | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Jun 2026 Q2 FY26 | This call 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.