Kinder Morgan's Project Backlog Expands to $8.8 Billion, Highlighting Natural Gas Focus

Published 14 hours agoKMI

Kinder Morgan's Project Backlog Expands to $8.8 Billion, Highlighting Natural Gas Focus

Kinder Morgan Inc. has reported a notable increase in its project backlog, reaching $8.8 billion by the end of the first quarter of 2025. This represents a nearly 8% rise from the previous quarter, indicating strong growth momentum in their natural gas segment. Oilandgaspress.com noted that the company's commitment to the natural gas sector is clear, given natural gas projects make up approximately 91% of the total backlog.

The expansion in the backlog is largely attributed to key projects like the Bridge project, which alone is valued at approximately $431 million. This project aims to deliver 325 million cubic feet per day of firm transportation capacity to South Carolina, addressing the region's growing energy needs. Kinder Morgan anticipates that the remaining $7.5 billion in their backlog could generate a promising first-year Project EBITDA multiple of around 5.9 times, suggesting solid potential returns.

Moreover, Kinder Morgan disclosed its financial projections for 2025, which include a net income of $2.8 billion, reflecting an 8% increase from 2024. The company also expects an adjusted earnings per share of $1.27, up 10%, and an adjusted EBITDA of $8.3 billion, marking a 4% growth. As of the latest report, Kinder Morgan's stock is priced at $27.04, showing a slight decline of $0.62. These numbers underscore the company's strategic efforts to bolster its natural gas infrastructure to meet rising market demands.

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