Kinder Morgan Raises Quarterly Dividend 2% to $0.2975 Per Share
Kinder Morgan, Inc. (NYSE: KMI), a major U.S. midstream energy company, declared a quarterly cash dividend of $0.2975 per share, marking a 2% increase over the first quarter of 2025. The dividend represents an annualized rate of $1.19.
Kinder Morgan, Inc. (NYSE: KMI), one of the largest energy infrastructure companies in North America, declared a quarterly cash dividend of $0.2975 per share on April 22, 2026. The dividend represents a 2% increase from the $0.2925 per share paid in the first quarter of 2025 and translates to an annualized rate of $1.19. Read more dividend announcements.
The dividend will be payable on May 15, 2026, to shareholders of record as of the close of business on May 4, 2026.
| Dividend Details | Information |
|---|---|
| Amount Per Share | $0.2975 |
| Previous Amount | $0.2925 |
| Increase | 2% |
| Annualized Rate | $1.19 |
| Record Date | May 4, 2026 |
| Payment Date | May 15, 2026 |
Strong First Quarter Performance
The dividend announcement accompanied first quarter 2026 financial results that showed substantial improvement across key metrics. Net income attributable to Kinder Morgan reached $976 million, up 36% from $717 million in the first quarter of 2025. Earnings per share jumped 38% to $0.44 from $0.32 in the year-ago period.
Adjusted net income attributable to Kinder Morgan totaled $1.063 billion, a 39% increase from $766 million in the first quarter of 2025. Adjusted earnings per share rose 41% to $0.48 from $0.34. Adjusted EBITDA climbed 18% to $2.539 billion from $2.15 billion in the prior-year quarter.
Total revenues for the quarter reached $4.828 billion, up from $4.241 billion in the first quarter of 2025. Operating income increased to $1.444 billion from $1.145 billion in the year-ago period.
Executive Chairman Richard D. Kinder noted the company's resilience amid global commodity price volatility driven by geopolitical conflicts in the Middle East and Ukraine. He highlighted Kinder Morgan's fee-based business model with creditworthy shippers as providing insulation from price swings while positioning the company to benefit from growing demand for U.S. liquified natural gas exports and domestic natural gas consumption in the power sector.
The company reported earnings from equity investments of $254 million, up from $220 million in the first quarter of 2025. Interest expense declined to $430 million from $451 million in the year-ago period. Income tax expense increased to $287 million from $186 million.