Kinder Morgan reported record fourth-quarter and full-year financial results for 2025, with net income up to $996 million and adjusted EBITDA reaching $2.27 billion. The company’s natural gas business saw a strong performance, driven by higher transport and gathering volumes, particularly for LNG exports.

The board approved a 2% dividend increase to $0.2925 per share, with expectations to raise dividends to $1.19 per share in 2026. Kinder Morgan now supplies over 40% of natural gas to U.S. LNG export terminals, supporting Europe’s energy security amid the ongoing conflict in Ukraine.

Looking ahead, the company anticipates a 17% growth in U.S. natural gas demand by 2030, driven by LNG exports and power generation. Kinder Morgan has long-term contracts to transport 8 billion cubic feet per day to LNG facilities, with plans to increase to 12 Bcf/d by 2028.

Kinder Morgan’s project backlog stands at $10 billion, mainly focused on natural gas and power generation projects. The company maintains a net debt-to-EBITDA ratio of 3.8x and saw cash flow from operations reach $1.7 billion in the fourth quarter.

S&P Global Ratings upgraded Kinder Morgan’s senior unsecured debt to BBB+, reflecting the company’s financial discipline. Several pipeline projects are underway, including expansions in Florida and major gas projects in the works, such as the Trident Intrastate Pipeline in Texas.

For 2026, Kinder Morgan forecasts flat reported net income of $3.1 billion but projects a 5% increase in adjusted net income and adjusted EPS. Adjusted EBITDA is expected to reach $8.6 billion, with leverage remaining stable as the company positions itself for continued growth in U.S. gas consumption.

Read more at Yahoo Finance: Kinder Morgan Posts Record Earnings as LNG Demand Fuels Pipeline Growth