Filing Flows › Kinder Morgan (KMI) › Guidance history
Kinder Morgan (KMI) guidance history: what it guided and what it reported
Kinder Morgan gave guidance in 11 earnings releases on file since Jan 17, 2024. Its releases raised guidance 3 times and lowered it once.
Net income
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $3.1B (Apr 22, 2026) | — | to be reported | — |
| FY2025 | $667M (Jan 22, 2025) → raised $2.8B (Apr 16, 2025) → reaffirmed $2.8B (Jul 16, 2025) → reaffirmed $2.8B (Oct 22, 2025) | — | — | — |
| FY2024 | $594M (Jan 17, 2024) → raised $2.7B (Apr 17, 2024) → reaffirmed $2.7B (Jul 17, 2024) → reaffirmed $2.7B (Oct 16, 2024) | — | — | — |
EPS
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2024 | $1.21 (Jan 17, 2024) → lowered −$1.22 (Apr 17, 2024) → reaffirmed −$1.22 (Jul 17, 2024) | — | — | — |
Operating cash flow
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2036 | $5.0B (Oct 21, 2026) | — | to be reported | — |
| FY2025 | $1.5B (Jan 22, 2025) → lowered $1.2B (Apr 16, 2025) → raised $1.6B (Jul 16, 2025) → lowered $1.4B (Oct 22, 2025) | $5.9B (GAAP) | not judged | — |
| FY2024 | $1.7B (Jul 17, 2024) → lowered $1.2B (Oct 16, 2024) | $5.6B (GAAP) | not judged | — |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2036 | $230M (Oct 21, 2026) | — | to be reported | — |
| FY2026 | $700M (Jan 21, 2026) → reaffirmed $700M (Apr 22, 2026) | — | to be reported | — |
| FY2025 | $600M (Oct 22, 2025) | $3.0B (GAAP) | not judged | — |
Adjusted EBITDA
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $2.3B (Jan 21, 2026) → raised $8.6B (Apr 22, 2026) | — | to be reported | — |
| FY2025 | $2.1B (Jan 22, 2025) → raised $8.3B (Apr 16, 2025) → reaffirmed $8.3B (Oct 22, 2025) | — | — | — |
Adjusted EPS
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $0.39 (Jan 21, 2026) | — | to be reported | — |
| FY2025 | $1.27 (Jan 22, 2025) → reaffirmed $1.27 (Apr 16, 2025) → reaffirmed $1.27 (Jul 16, 2025) → reaffirmed $1.27 (Oct 22, 2025) | — | — | — |
The latest quarter
Kinder Morgan, Q3 2026: revenue $4.5B (+9% year over year), operating margin 25.6%, net earnings $764M, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
Questions
Does Kinder Morgan beat its guidance?
Kinder Morgan gave guidance in 11 earnings releases on file since Jan 17, 2024. Its releases raised guidance 3 times and lowered it once.
How often does Kinder Morgan raise guidance?
Its earnings releases raised guidance 3 times and lowered it once since Jan 17, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.