Kinder Morgan Q3 revenue beats estimates on higher volumes of natural gas transportation
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Kinder Morgan reported Q3 revenue of $4.14 billion, exceeding estimates of $4.06 billion, with net income slightly rising to $628 million. The company raised its Q3 dividend by 2% to $0.2925 per share. For 2025, Kinder Morgan anticipates net income of $2.8 billion, a 10% increase in adjusted EPS to $1.27, and adjusted EBITDA of $8.3 billion. The stock has a median 12-month price target of $31.00, reflecting a positive outlook from analysts, with a current average rating of "buy."
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