Story perspectives

Kinder Morgan Surges: Q4 Earnings Beat Expectations, $10B Backlog

1/23/2026

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Summary

Story summary

Kinder Morgan, a Houston-based U.S. pipeline operator, reported strong fourth-quarter results, exceeding Wall Street expectations.
The company transported 48.4 trillion Btu per day, up from 44.5 trillion Btu a year earlier.
Backlog rose to $10 billion, driven by natural gas expansion projects and acquisitions.
Adjusted earnings per share rose to 39 cents, beating estimates.
The firm remains optimistic about U.S. natural gas demand, aided by rising electricity use and LNG exports.

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Story summary

Kinder Morgan, a Houston-based U.S. pipeline operator, reported strong fourth-quarter results, exceeding Wall Street expectations.
The company transported 48.4 trillion Btu per day, up from 44.5 trillion Btu a year earlier.
Backlog rose to $10 billion, driven by natural gas expansion projects and acquisitions.
Adjusted earnings per share rose to 39 cents, beating estimates.
The firm remains optimistic about U.S. natural gas demand, aided by rising electricity use and LNG exports.