Kinder Morgan Q3 Earnings Meet Estimates on Natural Gas Pipelines
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Kinder Morgan Inc. KMI reported third-quarter 2025 adjusted earnings per share of 29 cents, which met the Zacks Consensus Estimate. The bottom line also increased year over year from 25 cents.Total quarterly revenues of $4.15 billion beat the Zacks Consensus Estimate of $4.13 billion. The top line also increased from $3.70 billion in the prior-year quarter.The in-line earnings and better-than-expected top line were primarily backed by business activities associated with natural gas pipelines.Other midstream giants like Enterprise Products Partners LP EPD and Enbridge Inc. ENB are yet to report results. Both EPD and ENB generate stable cash flows from their vast network of midstream assets. While Enterprise Products is likely to report third-quarter earnings on Oct. 30, Enbridge is scheduled to post results on Nov. 7.Segmental AnalysisNatural Gas Pipelines: In the September-ended quarter, adjusted earnings before depreciation, depletion and amortization expenses (EBDA) jumped to $1.4 billion from $1.27 billion a year ago. The segment's performance benefited from higher transported and gathering volumes.Product Pipelines: The segment’s EBDA in the third quarter was $288 million, an increase from $276 million recorded a year ago. The increased contributions were primarily due to higher volumes of diesel fuel in the pipeline.Terminals: Kinder Morgan generated a quarterly EBDA of $274 million from the segment, higher than the year-ago period’s $267 million. Liquids utilization was almost on par with last year at a handsome 94.6%, which aided the business unit.CO2: The segment’s EBDA was $136 million, plummeting from the year-ago quarter’s $160 million.Operational HighlightsExpenses related to operations and maintenance totaled $786 million, down from $790 million registered a year ago. However, the total operating costs, expenses and other expenditures increased to $3.08 billion from $2.68 billion.KMI’s project backlog was reported at $9.3 billion by the September-quarter end. The midstream energy major added that out of the total backlog, the proportion of natural gas projects is the maximum.Balance SheetAs of Sept. 30, 2025, KMI reported $71 million in cash and cash equivalents. At the quarter's end, its long-term debt amounted to $31.3 billion.OutlookFor this year, the midstream player projected net income attributable to KMI at $2.8 billion and estimated adjusted EPS at $1.27. Considering the financial conditions, by 2025-end, Kinder Morgan, currently carrying a Zacks Rank #3 (Hold), anticipates its net debt-to-adjusted EBITDA at 3.8x.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Enterprise Products Partners L.P. (EPD): Free Stock Analysis Report Enbridge Inc (ENB): Free Stock Analysis Report Kinder Morgan, Inc. (KMI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
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