Right. Kinder Morgan. KMI. Let’s be honest, infrastructure isn’t exactly a name that sets pulses racing, is it? But before you click away to something involving crypto or, I don’t know, competitive ferret grooming, hear me out. This isn’t about glamour; it’s about cold, hard cash. And KMI, well, it’s practically printing the stuff. They handle 40% of all the gas in the US. Forty percent. Which, when you think about it, is terrifyingly much gas. But also… lucrative. They’re basically the plumbing of the nation, and nobody ever gets rich ignoring the plumbing. Plus, a dividend yield over 4%? Don’t tell my accountant, but that’s… appealing. Very appealing.
A Record Year (Don’t Tell Anyone I Said ‘Record’)
So, 2025. They closed the books, did the sums, and apparently, it was a good year. A record year, even. $2.9 billion in adjusted income. Honestly, all those billions start to blur together after a while. It’s like, yes, good job, numbers people. But what does it actually mean? Apparently, it means they’re doing something right. EBITDA hit $8.4 billion. And the natural gas pipeline segment? Up almost 9%. It’s all very…efficient. They generated $5.9 billion in cash flow, covered the bills (over $3 billion in spending and $2.6 billion in dividends – seriously, where does all the money go?), and still had nearly $300 million left over. It’s like finding a tenner in your coat pocket – unexpectedly delightful. Which, frankly, is a rare occurrence these days.
Fuel to Continue Growing (Or, How They Keep the Machine Running)
They’re predicting adjusted earnings of $1.36 per share in 2026. A 5% increase. It’s not going to make me retire to a tropical island, but it’s a start. EBITDA should be around $8.6 billion. And the dividend? They’re planning another increase – their 8th straight year. Eight years. That’s… commitment. They’re also keeping their leverage ratio at a comfortable 3.8 times. Which, as far as financial jargon goes, sounds… stable. Apparently, they recently sold off a stake in BPX Gathering for nearly $400 million. Good for them. Honestly, I’m just impressed they can keep track of all these moving parts.
They’ve got a backlog of $10 billion in growth projects. Ten. Billion. More projects added last quarter than they completed. It’s like a never-ending to-do list. They’ve got pipelines planned through 2030. Pipelines. It’s a bit… ominous, isn’t it? But also, strategically sound. They’re clearly not resting on their laurels, which, in this market, is a relief.
Cashing in on Surging Gas Demand (And AI Data Centers, Apparently)
So, what’s driving all this? Gas demand, obviously. And apparently, AI data centers. Who knew? All those servers need power, and a lot of that power comes from… you guessed it, gas. It’s a bit unsettling, actually. We’re all hurtling towards a future powered by… pipelines. But hey, I’m not judging. I’m just here for the dividends. KMI delivered record results last year and they have the fuel to keep growing. Which, let’s be honest, is exactly what you want from an investment. It puts them in a strong position to produce high-octane total returns going forward. And frankly, after a year like the one we’ve had, a little “high-octane” is exactly what I need.
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2026-01-23 09:52