KINDER MORGAN, INC.
For the period ended Sep 30, 2026. Filed Oct 23, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 23, 2026
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General and Basis of Presentation
The following discussion and analysis should be read in conjunction with our accompanying interim consolidated financial statements and related notes included elsewhere in this report, and in conjunction with (i) our consolidated financial statements and related notes in our 2025 Form 10-K; (ii) our management’s discussion and analysis of financial condition, and results of operations included in our 2025 Form 10-K; (iii) “Information Regarding Forward-Looking Statements” at the beginning of this report, and in our 2025 Form 10-K; and (iv) “Risk Factors” in Part I, Item 1A in our 2025 Form 10-K.
Acquisition and Divestiture
The following divestiture and acquisition were made during the 2026 period. See Note 2 “Acquisitions and Divestiture” to our consolidated financial statements for further information on these transactions.
| Event | Description | Business Segment |
|---|---|---|
| Terminals disposition and acquisition of additional equity investment interests$136 million(September 2026) | We divested certain terminals and terminal assets located in Florida for mixed consideration of cash and additional interests in an equity investment. | Terminals(Other) |
| Monument Pipeline system acquisition$503 million(May 2026) | Natural gas pipeline system serving Houston, Texas and the surrounding metropolitan area which includes approximately 225 miles of pipelines and provides transportation and storage services to gas utilities, LNG shippers, and industrial customers. | 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. We expect to invest $4.2 billion in expansion projects, acquisitions, and contributions to joint ventures 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.
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