Kinder Morgan stock slips 3.5% since latest report

Kinder Morgan stock has slipped since the November 4 AD HOC NEWS report, which highlighted the valuation debate around the company's record third quarter and expanded natural gas backlog. Kinder Morgan stock traded at 28.41 euros on Lang & Schwarz at 16:08 CET on Thursday, November 5, 2026; investors can follow the real-time quote of Kinder Morgan stock.

The latest report showed the move from 29.43 euros at 13:30 CET on Wednesday, November 4, to the current quote, a decline of 3.46% since that report. This comparison is separate from the daily performance of any individual exchange session.

Record quarter supports income case

Kinder Morgan reported third-quarter net income attributable to the company of USD 764 million, up from USD 628 million a year earlier. Adjusted net income rose 22% to USD 792 million, while adjusted EBITDA increased 9% to USD 2.18 billion.

The board approved a quarterly dividend of USD 0.2975 per share, 2% above the third-quarter 2025 payout. Payment is scheduled for November 16, 2026, to shareholders of record at the close of business on November 2.

Backlog raises execution stakes

The expansion backlog reached USD 14.4 billion after the third quarter, including USD 13.2 billion in natural gas projects. The Southeast Connector and Permian Link are targeted to enter service in 2030, subject to permits and approvals.

The backlog supports the longer-term growth case, but investors still face permitting, construction and customer-commitment risks. Kinder Morgan expects 2026 adjusted EBITDA to finish more than 6% above budget and adjusted earnings per share more than 13% above budget.

The S&P 500 provides the broader US market setting for income and infrastructure stocks.

Further milestones for Kinder Morgan include project approvals, construction progress and the scheduled November dividend payment. More news and analyses on Kinder Morgan stock will follow these developments.