Kinder Morgan, Inc.

Company facts

Industry

Natural Gas Transmission

Headquarters

Houston, Texas

Most recent report

8-K, filed Nov 6, 2026

Incorporated

Delaware

Filings on record

1,003+ filings

On EDGAR

CIK 1506307

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 2 of 13 sections worth reading, with 1 positive, 9 notable, and 2 negative flags.

• Financial Statements (Item 1)

  Financial statements and notes with material acquisitions, debt, litigation, and segment details.
  Notable

  • Goodwill impairment test passed for all units; Energy Transition Ventures unit has $114M goodwill, tested via income approach.
  • Acquired Monument Pipeline for $503M in May 2026, adding 225 miles of natural gas pipeline in Texas.
  • Divested Tampa terminals for $136M net consideration, recording a $71M gain in Q3 2026.
  • Issued $1,750M in senior notes in August 2026: $1,150M at 5.55% due 2036 and $600M at 6.15% due 2056.
  • Amended credit facility extended maturity to May 2031, increased swingline to $400M; no borrowings outstanding at Sept 30, 2026.
  • Legal and environmental liabilities rose to $397M at Sept 30, 2026 from $261M at Dec 31, 2025.
  Negative

  • Freeport LNG lawsuit claims ~$104M for gas repurchase obligations during Winter Storm Uri; case remanded.
  • Pension lawsuit: court ordered plan reform; plaintiffs seek over $150M; company filed appeal.

• Management's Discussion (Item 2)

  Full MD&A with segment results, non-GAAP adjustments, liquidity, and capital spending details.
  Positive

  • Dividend raised 2% to $1.19/share for 2026; Q3 declared $0.2975 per share.
  Notable

  • Net Debt $32.1B; credit facility capacity $3.49B unused.
  • Moody's upgraded KMI to Baa1 stable in March 2026.
  • Working capital deficit widened to $1.71B; $1.73B short-term debt due within 12 months.

What changed: Sep 2026 vs. Jun 2026

About 8% of KMI's Sep 2026 10-Q is new information. 27 paragraphs were added, 153 changed, and 21 removed. Below are the most important lines SECSift identified.

• Item 2 70
• Item 1 50
• Item 5 3
• Item 4 2
• Item 6 1