Apr. 22 at 8:39 PM
$KMI reports 1Q26
- EPS:
$0.48 [+41% y/y] vs est.
$0.40 [beat +20%]
- EPS (GAAP):
$0.44 [+38% y/y]
- Revs:
$4.828B [+13.84% y/y] vs est.
$4.598B [beat +5.00%]
- Net Income:
$1.063B [+39% y/y]
- Net Income (GAAP):
$976M [+36.1% y/y]
- EBITDA:
$2.539B [+18% y/y]
- Moody's upgrade to BBB+
- Backlog:
$10.1B [up +26.25% y/y]
- Total cash:
$72M
- CFFO:
$1.491B [up +28% y/y]
- FCF:
$687M [up +73% y/y]
- Dividends:
$654M
- Total delivery volume: 1.965Bbpd
Guides FY26 (note: doesn't include Momument Pipeline)
EPS:
$1.36 [+5% y/y] vs est of
$1.39
EBITDA:
$8.6B [+2% y/y]
Net Debt/EBITDA: 3.8x
Dividend: +2% to
$1.19
65,000 miles of nat gas pipelines connected to all major basins & demand centers, along w/ more than 700Bcf of working gas storage capacity
Acquires Monument Pipeline for
$505M cash (to close in 2Q26)
