Kinder Morgan Inc. KMI is set to report third-quarter 2026 results on Oct. 21, after market close.
In the last reported quarter, the company’s adjusted earnings of 37 cents per share topped the Zacks Consensus Estimate of 31 cents, benefiting from broad-based segment growth, led by higher natural gas transportation and gathering volumes.
The company’s earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters while meeting the same once, delivering an average surprise of 12.77%. This is depicted in the graph below:
Kinder Morgan, Inc. Price and EPS Surprise
Kinder Morgan, Inc. price-eps-surprise | Kinder Morgan, Inc. Quote
Estimate Trend for KMI
The Zacks Consensus Estimate for third-quarter earnings per share of 33 cents has witnessed one downward revision and no upward revisions in the past seven days. The estimated figure reflects a 13.8% jump from the prior-year reported figure.
The consensus estimate for revenues of $4.38 billion implies a 5.7% increase from the year-ago recorded figure.
Factors to Consider Ahead of KMI's Q3 Results
Kinder Morgan is a leading midstream energy player in North America, with an extensive natural gas pipeline network comprising around 58,600 miles of transmission and 6,800 miles of gathering pipelines. The company transports nearly 40% of the natural gas produced in the United States. Due to the contractual nature of its business, with minimal exposure to commodity pricing volatility, KMI is likely to have generated stable earnings and cash flows in the third quarter.
The majority of its cash flows are anchored by fee-based contracts or take-or-pay agreements. The pipeline company is expected to have benefited from sustained natural gas demand driven by higher LNG exports, industrial demand and electricity generation needs. For the third quarter, natural gas gathering volumes are expected to average 4,649 British thermal units per day (BBtu/d) from 4,380 BBtu/d in the prior-year quarter, according to the Zacks Consensus Estimate. These factors are anticipated to have driven demand and pricing dynamics, aiding Kinder Morgan’s quarterly performance.
Earnings Whispers
Our proven model indicates an earnings beat for KMI this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here, as you will see below.
Earnings ESP: KMI has an Earnings ESP of +1.52%. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Zacks Rank: Kinder Morgan currently carries a Zacks Rank #3.
Other Stocks to Consider
Here are some stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.
Baker Hughes Company BKR has an Earnings ESP of +1.15% and currently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Baker Hughes is scheduled to release third-quarter 2026 earnings on Oct. 27. The Zacks Consensus Estimate for BKR’s earnings is pegged at 65 cents per share, indicating a 4.4% decline from the prior-year reported figure.
EOG Resources EOG has an Earnings ESP of +0.59% and carries a Zacks Rank #3 at present. EOG is scheduled to release third-quarter 2026 earnings on Nov. 5.
The Zacks Consensus Estimate for EOG’s earnings is pegged at $4.39 per share, suggesting a 62% improvement from the prior-year reported figure.
BP plc BP has an Earnings ESP of +7.29% and a Zacks Rank #1. BP is scheduled to release third-quarter 2026 earnings on Oct. 30.
The Zacks Consensus Estimate for BP’s earnings is pegged at $2.09 per share, suggesting a 145.9% increase from the prior-year reported figure.
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Kinder Morgan, Inc. (KMI): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).