North American pipeline earnings Q2 2026

In July 2026, U.S. pipeline operator Kinder Morgan posted adjusted earnings of $0.37 per share for the quarter, beating analysts’ forecasts. The outperformance was attributed to a 7 % rise in natural‑gas volumes driven by record LNG exports and heightened electricity demand from AI data centers, cryptocurrency mining and other industrial users. The company raised its quarterly dividend to $0.2975 per share.

A week later, Canadian midstream firm Pembina Pipeline reported a 5 % year‑over‑year increase in adjusted EBITDA to C$1.064 billion and a 23 % jump in net earnings to C$512 million. Total volumes across its assets grew 3 % to 3.7 million barrels of oil equivalent per day. Pembina also lifted its quarterly dividend to $0.735 per share. Operational highlights included higher contracted volumes on the Nipisi pipeline, increased revenue from the Cochin pipeline, and the on‑time startup of the RFS IV fractionator and the Wapiti expansion.

Both companies’ results underscore robust demand for natural‑gas and oil transportation across North America, enabling earnings growth and higher shareholder payouts through dividend increases.