Kinder Morgan delivered a standout first quarter with 41% adjusted EPS growth, driven by robust natural gas demand and strategic asset expansion, reaffirming its position as a key beneficiary of the growing U.S. gas market.
- Q1 adjusted EPS increased 41%, with EBITDA up 18%, across all segments outperforming expectations.
- The company announced a $500 million acquisition of the Monument pipeline, supported by long-term contracts and expected to close imminently.
- Natural gas volumes surged, with transport up 8% and gathering up 15%, fueled by LNG feed gas demand and cold-weather impacts.
- Project backlog expanded to $10.1 billion, with over 50% attributable to key projects on track for on-time, on-budget delivery.
- Annual EBITDA guidance now exceeds budget by over 3%, with upside potential from higher gas demand and oil price impacts.
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