Kinder Morgan stock falls 7.95% from October 30 report

Published on 11/04/2026 at 17:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kinder Morgan stock is under pressure after its latest quote fell from the prior report. Record earnings and a larger gas backlog support the longer-term outlook.

Results support a larger growth backlog

Kinder Morgan reported record third-quarter earnings and a natural gas project backlog of 13.2 billion US dollars.
Management expects 2026 adjusted EBITDA to exceed budget by more than 6 percent and adjusted earnings per share by more than 13 percent.
The quarterly dividend rose 2 percent, with payment scheduled for November 16, 2026.

Kinder Morgan, US49456B1017, Illustration mit AI erstellt.

Kinder Morgan reported record third-quarter results on October 21, 2026, while expanding its natural gas infrastructure pipeline. The company’s investor release said the quarter produced net income attributable to Kinder Morgan of 764 million US dollars and adjusted EBITDA of 2.18 billion US dollars. The release also highlighted adjusted earnings per share of 0.35 US dollars, up 21 percent from the prior-year quarter.

Kinder Morgan stock traded at 28.01 euros on Lang & Schwarz at 17:13 CET on Wednesday, November 4, 2026. Compared with the 30.43-euro quote in the previous relevant report published on October 30, the current quote is 7.95 percent lower. This comparison with the earlier report is separate from a daily Xetra comparison.

The company’s October 21 investor release said the expansion project backlog reached 14.4 billion US dollars, including 13.2 billion US dollars of natural gas projects, the largest such backlog in the company’s history. The backlog increased by 4.7 billion US dollars from the second quarter after 5.4 billion US dollars of additions and 700 million US dollars of projects entering service.

Guidance and dividend remain key dates

Management expects 2026 adjusted EBITDA to finish more than 6 percent above budget and adjusted earnings per share more than 13 percent above budget. It also expects year-end net debt to adjusted EBITDA of 3.6 times, compared with a budget of 3.8 times. The outlook remains dependent on permits, customer commitments and project execution.

The board approved a quarterly dividend of 0.2975 US dollars per share, 2 percent above the year-earlier payment. The dividend is scheduled for November 16, 2026, for shareholders of record as of the close of business on November 2.

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