Kinder Morgan, Inc. · KMI · Next earnings

Kinder Morgan, Inc. reports Wednesday, Oct 28, 2026

KMI reports before market open with consensus EPS at $0.33 and revenue at $4.42B. Last quarter: Kinder Morgan Beats Q2 as Gas Demand Fuels $10B Backlog and Raised Guidance

Reports Before market open38 days awayDate estimated Energy

What the street expects

Consensus for the coming report
Consensus EPS $0.33 Calendar consensus
Consensus revenue $4.42B Calendar consensus
Report date Oct 28, 2026 Wednesday, date estimated
Session Before market open 38 days away

Where KMI left off: FY2026 Q2

Full report

Kinder Morgan Beats Q2 as Gas Demand Fuels $10B Backlog and Raised Guidance

EPS surprise +15.4% Reported $0.37 vs $0.32
Revenue surprise +6.0% Reported $4.48B vs $4.22B
Stock move +0.3% Event window
Subsequent drift -2.7% Up to 20 sessions

Raised. Full-year 2026 adjusted EBITDA guidance now >5% above budget (up from >3% above budget after Q1). EPS guidance now >12% above budget. Capex outlook is increasing. Dividend increased 2% to $0.2975 per share. Leverage maintained at 3.6x.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Potential leverage increase if growth capex exceeds cash-flow generation.
  • Permitting and FERC certification delays for new pipeline projects.
  • Compression equipment supply constraints affecting project timelines.
  • Uncertainty from the temporary Jones Act waiver on tanker markets.
  • Commodity price volatility influencing margin performance.

Questions analysts left open

  • Capacity of free cash flow to fund higher-than-expected growth capex.
  • Timeline and likelihood of converting shadow backlog projects to FID.
  • Competitive dynamics for Project 219 South and Permian Link.
  • Progress and timing of Western Gateway joint-venture FID.
  • Potential bottlenecks in compression equipment and permitting.

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Recent KMI quarters

All KMI earnings
+0.3%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.