Kinder Morgan (KMI) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

In the third quarter of 2026, Kinder Morgan (KMI) reported revenues of $4.53 billion, reflecting a 9.3% increase compared to the same quarter last year. The company's earnings per share (EPS) for the quarter stood at $0.35, an improvement from $0.29 in the previous year’s quarter.

The revenue figure exceeded the Zacks Consensus Estimate of $4.38 billion by 3.52%. Additionally, the EPS surpassed the consensus estimate of $0.33, resulting in a surprise of 6.06%.

Investors often evaluate year-over-year changes in revenue and earnings, as well as their alignment with Wall Street's expectations, to guide their investment decisions. Certain key financial metrics provide a clearer insight into a company's financial condition, as these metrics significantly influence both revenue and earnings figures. By comparing these metrics to previous year results and analyst forecasts, investors can make more informed projections regarding a stock's future performance.

Here are the key performance indicators for Kinder Morgan from the recently concluded quarter, compared to analysts' expectations:

The realized weighted average price for oil was $68.65 per barrel, which fell short of the average forecast of $71.40 provided by two analysts. The realized weighted average price for natural gas liquids (NGL) was $34.48, slightly below the $35.06 estimate from the same two analysts.

For the terminals segment, the leasable capacity for liquids reached 78.70 million barrels, surpassing the average estimate of 78.60 million barrels. In terms of NGL sales volumes, Kinder Morgan reported net sales of 9.88 million barrels, which aligned closely with the analysts’ average estimate of 9.80 million barrels.

However, the company’s CO2 sales volumes were recorded at 0.27 billion cubic feet per day, lower than the analyst estimate of 0.30 billion cubic feet per day. Total net oil production was reported at 27.07 million barrels, which also fell short of the average estimate of 28.2 million barrels.

In the terminals segment, bulk transload tonnage reached 13.50 million metric tons, exceeding the analysts’ average estimate of 12.65 million metric tons.

Segment EBDA (Earnings Before Depreciation and Amortization) for natural gas pipelines was reported at $1.5 billion, surpassing the average estimate of $1.41 billion from three analysts. The terminals segment's EBDA was $385 million, significantly higher than the average estimate of $284.75 million from the same group of analysts.

On the other hand, the EBDA for products pipelines was $172 million, which was below the average estimate of $290.54 million, while the EBDA for the CO2 segment also came in at $172 million, falling short of the analysts’ estimate of $195.07 million.

Over the past month, Kinder Morgan's shares have appreciated by 7.9%, contrasting with a decline of 1.2% in the Zacks S&P 500 composite index. Currently, the stock holds a Zacks Rank of #3 (Hold), suggesting that it may perform in line with the broader market trends in the near future.