Kinder Morgan Inc ($KMI) Q4 2024 Earnings Call
Okay great and then um I also want to ask about the open season on Kinder Louisiana like a Texas header project can you just ...
Executive Chairman of the Board, Kinder Morgan
Search every verified Richard Kinder interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. During Kinder Morgan’s second quarter 2026 earnings call on July 22, 2026, Executive Chairman Rich Kinder described the quarter as “another strong quarter,” stating that the company’s earnings before allocation (EBA) and earnings per share (EPS) exceeded both the prior year and the company’s own budget “by significant margins.” Kinder said the natural gas growth story “remains very positive,” citing continued demand for LNG export volumes and gas for electric generation. He noted a “convergence of inquiries” in the market area and said the company’s goal is to “try and get these knocked down as fast as we can.” Kinder also highlighted the company’s long-term track record, stating that over 29 years it has grown enterprise value at a compound annual rate of approximately 22% while paying out over $40 billion in dividends. In response to a question about growth opportunities, he said the company has “a lot of opportunities” and expects to move quickly on them, adding, “we have to get the horses in the corral.”
“This is the most exciting time to be in the mid-stream natural gas market that I've seen in my long decades in this business. We believe that our investments as they come online will drive growth in IBIDA and EPS for years to come.”
“In the last few months, we have announced the FID of four new major projects. the expansion of our GCX system out of the Peran basin, our SS4 expansion on our southern natural gas system, our Mississippi crossing line which will serve SS4 and other increased demand in the southeast and our Trident line which we announc...”
“I will remind you that this unexcited company has over the last 29 years of its existence grown its enterprise value at a compound annual rate of approximately 22% while also paying out over $40 billion in dividends. Now, just maybe that gives us what we say a little bit of credibility.”
“I think what Kim is trying to say is we have a lot of opportunities and we expect to do at least that kind of thing, that 1 billion threshold. So, I wouldn't take that as that's all we're going to do in the last half of this year. There's a lot of opportunities out there and I think we're poised to move quickly on them...”
“In 2005, US demand for natural gas was approximately 60 BCF a day. In 2024, that demand was almost 109 BCF a day, an increase of roughly 80%. That's pretty astounding growth over that 20-year span.”
“The overwhelming driver of that growth is increased LNG export demand. We estimate that growth to be somewhere around 16 BCF a day, with the great bulk of that coming from facilities already under construction or that have been FID'd.”
“First, China has not imported any US LNG since February, and yet feed gas demand is setting records, averaging 15.5 BCF a day in the first quarter and approaching 17 BCF a day on several recent days.”
“At this point, we do not believe that the tariffs will have a significant impact on project economics. For our new large project, Mississippi Crossing, South System Expansion 4, Trident, GCS, and Bridge, that together comprise approximately 2/3 of our backlog, we currently estimate the impact of tariffs to be roughly 1...”
“I think that is going to be in our national security interest to win the AI race. And so, I think, you know, you'll continue to see demand for AI. And I think also as the cost you know, Rich talked a little bit about deep speak, but I think what you're hearing and what we've heard from a lot of the technology players i...”
“Global gas demand is expected to increase by 25% over the next 25 years. And I don't believe that that projection is unreasonable and it affirms my belief that natural gas will inevitably remain a key source of energy for the long term around the globe.”
“The US has been the top global producer of natural gas for 15 consecutive years and the world's top exporter of LNG since 2023. I believe the US role becomes even more important in light of recent developments in the Middle East. Customers on the receiving end want security of supply without undue worries about disrupt...”
“The recent budget reconciliation bill delivers nice tax benefit, including incentives for investment and expanded interest deductions. As a result, we expect significant cash tax benefits in 2026 and 2027 and do not expect KMI to be a material cash taxpayer until 2028.”
“This is certainly the best opportunity set I've seen during my 24 years in this industry. The underlying market fundamentals are strong with US natural gas demand expected to grow by 20% between now and 2030 by Woodmac estimates.”
“We currently estimate that the impact of tariffs to be roughly 1% of project cost, which has not changed from our estimate last quarter. Our project backlog increased from 8.8 to 9.3 billion during the quarter.”
“In a piece that surfaced just this week, S&P Global Market Intelligence reports that utilities plan to add the staggering number of 153 gigawatts of gas fired generation capacity in the next several years primarily to serve data centers with the bulk of this coming online by 2030. Now, this is twice the estimate by the...”
Okay great and then um I also want to ask about the open season on Kinder Louisiana like a Texas header project can you just ...
07/22/2026 Q&A: 14:54 Kinder Morgan, Inc. operates as an energy infrastructure company primarily in North America. It operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities. The Products Pipelines segment owns and…
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04/22/2026 Q&A: 15:44 Kinder Morgan, Inc. operates as an energy infrastructure company primarily in North America. It operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities. The Products Pipelines segment owns and…
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