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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Keith Stanley | Wolfe Research | 13 questions · 8% challenging |
| Theresa Chen | Barclays | 13 questions · 0% challenging |
| Jeremy Tonet | JPMorgan | 13 questions · 0% challenging |
| Michael Blum | Wells Fargo | 11 questions · 0% challenging |
| Manav Gupta | UBS | 11 questions · 0% challenging |
| Jean Salisbury | Bank of America | 10 questions · 20% challenging |
| Zack Van Everen | Tudor, Pickering, Holt | 10 questions · 0% challenging |
| Jason Gabelman | TD Cowen | 9 questions · 0% challenging |
| John Mackay | Goldman Sachs | 9 questions · 0% challenging |
| Spiro Dounis | Citigroup | 5 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Barclays | 2 analysts | 14 questions · 0% challenging |
| Wolfe Research | 1 analyst | 13 questions · 8% challenging |
| Goldman Sachs | 3 analysts | 13 questions · 0% challenging |
| JPMorgan | 1 analyst | 13 questions · 0% challenging |
| Wells Fargo | 2 analysts | 12 questions · 0% challenging |
| UBS | 1 analyst | 11 questions · 0% challenging |
| Bank of America | 1 analyst | 10 questions · 20% challenging |
| Tudor, Pickering, Holt | 1 analyst | 10 questions · 0% challenging |
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Kinder Morgan delivered a record Q1 2026 with EPS up 41% and EBITDA growing 18% year-over-year, as the natural gas demand outlook was strengthened through 2031 driven by LNG, data centers, and industrial growth. Full-year EBITDA guidance was raised by more than 3% above budget excluding the $500 million Monument pipeline acquisition. The expansion backlog reached $10.1 billion, and the Western Gateway pipeline open season succeeded. Balance sheet strengthening continued with credit upgrades, though the carbon capture business was retreating.
Demand | Capex Investment | Competitive Dynamics | Capital Allocation | M&A | Revenue Growth | Cloud & AI | Pricing | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 12 | 7 | 3 | 3 | 3 | 2 | 2 | 2 |
| 2025Q1 | 9 | 7 | 3 | 1 | 3 | 2 | 1 | |
| 2025Q2 | 13 | 11 | 5 | 3 | 1 | 2 | 1 | |
| 2025Q3 | 10 | 13 | 6 | 4 | 1 | 3 | 3 | 1 |
| 2025Q4 | 11 | 8 | 3 | 6 | 2 | 2 | 2 | 1 |
| 2026Q1 | 7 | 9 | 3 | 4 | 2 | 3 | 4 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 12 | 9 | 13 | 10 | 11 | 7 |
| Capex Investment | 7 | 7 | 11 | 13 | 8 | 9 |
| Competitive Dynamics | 3 | 3 | 5 | 6 | 3 | 3 |
| Capital Allocation | 3 | 1 | 3 | 4 | 6 | 4 |
| M&A | 3 | 3 | 1 | 2 | 2 | |
| Revenue Growth | 2 | 1 | 3 | 2 | 3 | |
| Cloud & AI | 2 | 2 | 2 | 3 | 2 | |
| Pricing | 2 | 1 | 1 | 1 | 1 | 4 |
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $3.99B | -1.3% | $0.30 | +11.1% | 27.8% | 16.7% | $738M |
| FY2025 Q1 | $4.24B | +10.4% | $0.32 | -3.0% | 27.0% | 16.9% | $396M |
| FY2025 Q2 | $4.04B | +13.2% | $0.32 | +23.1% | 28.5% | 17.7% | $1.00B |
| FY2025 Q3 | $4.15B | +12.1% | $0.28 | 0.0% | 25.6% | 15.1% | $621M |
| FY2025 Q4 | $4.51B | +13.1% | $0.45 | +50.0% | 30.3% | 22.1% | $872M |
| FY2026 Q1Selected | $4.83B | +13.8% | $0.44 | +37.5% | 29.9% | 20.2% | $687M |
| FY2026 Q2 | $4.48B | +10.8% | $0.39 | +21.9% | 30.1% | 19.4% | $978M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Calendar quarter Q1 2026Earnings call Apr 22, 2026
FY2026 Q1 in brief
Kinder Morgan delivered a record Q1 2026 with EPS up 41% and EBITDA growing 18% year-over-year, as the natural gas demand outlook was strengthened through 2031 driven by LNG, data centers, and industrial growth.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
GAAP revenue YoY +13.5% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
Sources. Tellvest earnings-call sentiment score for Kinder Morgan (KMI), FY2026 Q1: 9/10. Scores: Kinder Morgan’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: KMI daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
What KMI said about other companies on its FY2026 Q1 call, and what other companies said about KMI on their calls covering the same calendar quarter (Q1 2026). Each company's own fiscal quarter is shown next to its name. Extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“to complete the JV arrangements with Kinder Morgan as well as execute the transportation agreements with the third-party shippers”
Phillips 66 is finalizing a joint venture with Kinder Morgan on the Western Gateway refined-products pipeline, targeting FID by mid-to-late summer for a 2029 in-service date. Positive signal for KMI on a new-build growth project.
“Continental dropped rigs earlier this year, but prices are better.”
Continental Resources, a producer on Kinder Morgan's Bakken crude-gathering system, dropped rigs earlier in the year, a modest negative volume signal though better prices may spur activity.
“with Moody's upgrading us to Baa1, which means we are now the equivalent of BBB+ at each of the 3 rating agencies.”
Moody's upgraded Kinder Morgan to Baa1, aligning KMI at BBB+ equivalent across all three rating agencies.
“KMI and Phillips 66 recently concluded a successful open season on the proposed Western Gateway Pipeline system.”
Kinder Morgan and Phillips 66 completed a successful open season on the proposed Western Gateway Pipeline JV and are negotiating joint-venture terms toward FID, a partner signal for Phillips 66's refined-products logistics.
Reported Wednesday, Oct 21. Earnings call pending.
A pre-earnings brief is ready for KMI: the setup, what peers and partners said this season, and which analysts to watch.Reading it is a Tellvest Pro feature.
| Company | Score | Trend | Rev YoY | Headline |
|---|---|---|---|---|
| KMIKinder Morgan | 9 | +13.5% | Record Q1 with EPS +41% and EBITDA +18% | |
| EPDEnterprise Products Partners L.P. | 5 | -6.7% | Record System Volumes Across All Segments | |
| OKEONEOK | 9 | +19.6% | ONEOK delivered Q1 adjusted EBITDA of approximately $2 billion, up 13% year-over-year, with EPS of $1.23 increasing 12% | |
| TRGPTarga Resources | 5 | -15.6% | Record Permian Volumes and EBITDA Despite Headwinds | |
| WMBWilliams Companies | 6 | -0.6% | Record Q1 Adjusted EBITDA with 13% Growth |
Record Q1 with EPS +41% and EBITDA +18%
Record System Volumes Across All Segments
ONEOK delivered Q1 adjusted EBITDA of approximately $2 billion, up 13% year-over-year, with EPS of $1.23 increasing 12%
| Company | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|---|---|
| KMI | 7 | 6 | 7 | 7 | 9 | 9 |
| EPD | 5 | 5 | 3 | 4 | 4 | 5 |
| OKE | 9 | 7 | 7 | 7 | 9 | 9 |
| TRGP | 8 | 7 | 8 | 8 | 6 | 5 |
| WMB | 5 | 8 | 9 | 8 | 9 | 6 |
Record Q1 Adjusted EBITDA with 13% Growth