Kinder Morgan beats Q2 profit estimates on higher gas volumes and rising power demand

U.S. pipeline operator Kinder Morgan reported adjusted earnings of $0.37 per share for the quarter ended June 30, surpassing analysts’ estimate of $0.32 and beating the prior‑year $0.28. Adjusted EBITDA is projected to exceed the budget by more than 5%, and the company expects adjusted EPS to be above budget by over 12%.

The firm attributed the outperformance to a 7% rise in natural‑gas volumes – about 47,886 billion Btu per day versus 44,818 billion Btu a year earlier – driven by record LNG exports and increased electricity demand from AI data centers, cryptocurrency mining and other industrial uses. The dividend was raised to $0.2975 per share (annualized $1.19), reflecting a 3.7% yield.

Management highlighted a growing project backlog and disciplined capital allocation, aiming to reduce leverage to a 3.6× net‑debt‑to‑EBITDA ratio by year‑end. Shares rose roughly 0.7% after the release.