Kinder Morgan (KMI) Q3 2026 Earnings Call: Guidance and Outlook
Management expects continued outperformance for the full year 2026, while noting that certain one-off items from the current year will be difficult to replicate in 2027.
About Kinder Morgan. Kinder Morgan, Inc. operates as a leading energy infrastructure company across North America. Its extensive operations are categorized into four primary business segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2.
No specific formal quarterly numerical guidance was provided for the upcoming quarter.
Annual guidance
Full Year 2026 Adjusted EBITDA
Expected to exceed budget by more than 6%.
Full Year 2026 Adjusted EPS
Expected to exceed budget by more than 13%.
Outlook
Global LNG demand
Shell projects global LNG demand to grow to nearly 750 million tons per year by 2050, representing a 65% increase from 2025.
Domestic power demand
The North American Electric Reliability Corporation predicts peak electricity demand in the U.S. will grow by between 225 and 245 gigawatts by 2035.
North American natural gas demand
Wood Mackenzie projects North American natural gas demand to increase by approximately 46 Bcf a day by 2035, driven primarily by LNG exports and power generation demand.
Capital expenditures
Run rate CapEx is expected to be around $4 billion-ish for the next few years to fund organic growth.
Dombey's summary of the Kinder Morgan Q3 2026 earnings call held Oct 21, 2026, written from the call itself. Every figure on this page was checked against what was said on the call, and quoted lines are management's own words; we do not add estimates or prices. The tone score is our read of management's wording, guidance and answers. Check figures against the company's SEC filings before acting. This is research, not investment advice.
