KINDER MORGAN, INC.
For the period ended Dec 31, 2025. Filed Feb 13, 2026.
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FY2025 · Filed Feb 13, 2026
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General
Acquisition and Divestiture
Following are an acquisition and a divestiture we made during the 2025 reporting period. See Note 3 “Acquisitions and Divestitures” to our consolidated financial statements for further information on these transactions.
| Event | Description | Business Segment |
|---|---|---|
| EagleHawk divestiture$382 million(December 2025) | We sold our 25% equity interest in EagleHawk. | Natural Gas Pipelines(Midstream) |
| Outrigger Energy acquisition$648 million(February 2025) | Natural gas gathering and processing system in North Dakota from Outrigger Energy II LLC which includes a 0.27 Bcf/d processing facility and a 104-mile, large-diameter, high-pressure rich gas gathering header pipeline with 0.35 Bcf/d of capacity connecting supplies from the Williston Basin area to high-demand markets. | Natural Gas Pipelines(Midstream) |
2026 Dividends and Discretionary Capital
We expect to declare dividends of $1.19 per share for 2026, a 2% increase from the 2025 declared dividends of $1.17 per share. Excluding our recently divested interest in EagleHawk, we also expect to invest almost $3.3 billion in expansion projects and contributions to joint ventures, or discretionary capital expenditures, during 2026.
The expectations for 2026 discussed above involve risks, uncertainties and assumptions, and are not guarantees of performance. Many of the factors that will determine these expectations are beyond our ability to control or predict, and because of these uncertainties, it is advisable not to put undue reliance on any forward-looking statement. Please read
“Information Regarding Forward-Looking Statements” at the beginning of this report and Item 1A. “Risk Factors” for more information.
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