Kinder Morgan: Growing Natural Gas Demand, But Dividend Coverage Is Worsening

  • Kinder Morgan's Q1 2025 earnings showed a 10.39% revenue increase but a 3.89% net income decline, highlighting decreasing gross margins. Adjusted EBITDA rose 1% year-over-year, which is lower than some peers have delivered in recent quarters. The company has a number of natural gas projects under development. These provide the company with growth potential through at least 2029.