Kinder Morgan Raises 2025 Outlook
Energy infrastructure specialist Kinder Morgan (NYSE:KMI) posted its fiscal 2025 second-quarter results on July 16, 2025, reporting a 6% rise in adjusted EBITDA compared to the prior year and a 12% increase in adjusted EPS versus Q2 2024. The company raised its project backlog to $9.3 billion, secured $1.3 billion in new projects, and signaled its intention to exceed its original 2025 annual budget, which already includes the Outrigger acquisition.
The following insights examine critical competitive, regulatory, and growth dynamics with concrete supporting data and management perspectives.
The federal permitting environment has improved, driven by actions from the U.S. Army Corps of Engineers and recent legislative changes. Nearly two-thirds of the project backlog is concentrated in five major projects, with only a minimal tariff impact of approximately 1% of the projects' cost.
Source Fool.com
