Kinder Morgan reported its first-quarter 2025 financial results on April 16, 2025, with sales increasing by $399 million year-over-year. Despite the revenue growth, net income saw a $29 million decline, and earnings per share dipped by 1 cent.
The company's board approved a cash dividend of $0.2925 per share for the first quarter, an annualized $1.17 per share, representing a 2% increase over the first quarter of 2024. Kinder Morgan maintained its annual profit forecast, expecting an adjusted profit of $1.27 per share in 2025.
In a significant leadership change, Kinder Morgan announced that President Tom Martin will retire, and Dax Sanders has been named as his successor. The company remains bullish on natural gas demand, particularly from LNG exports and power generation, and is mitigating tariff impacts on projects.
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