The Motley Fool
27 Oct 2026, 13:45 UTC · 1h ago
Kinder Morgan: 1 Number From Q3 Earnings Every Investor Should See
Impact · against what's priced in
Kinder Morgan's record $14.4 billion backlog and the shift toward long-term take-or-pay contracts for AI and LNG demand provide a clear trajectory for EBITDA growth. The structural shift toward highly predictable, 20-year contracted cash flows likely exceeds current market expectations for midstream volatility.
- KMI+0.60
No priced-in read yet
- In context
The jump in backlog to $14.4 billion, specifically the $13.2 billion in natural gas projects secured by 20-year take-or-pay contracts, creates a highly predictable path to $2.5 billion in additional adjusted EBITDA.
Read from the article alone
