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Kinder Morgan says to exceed budget primarily on Outrigger Energy II acquisition

The company states: “We currently expect to exceed budget primarily due to contributions from the Outrigger Energy II acquisition that closed in the first quarter of 2025. This outperformance would have been greater if not for lower than budgeted D3 RIN prices and volumes. For 2025, KMI budgeted net income attributable to KMI of $2.8 billion, up 8% versus 2024, and Adjusted EPS of $1.27, up 10% from 2024. KMI expects to declare dividends of $1.17 per share for 2025, a 2% increase from the dividends declared for 2024. The company also budgeted 2025 Adjusted EBITDA of $8.3 billion, up 4% versus 2024, and to end 2025 with a Net Debt-to-Adjusted EBITDA ratio of 3.8 times.”

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