Kinder Morgan: 1 Number From Q3 Earnings Every Investor Should See

Kinder Morgan reported strong Q3 earnings with a record $14.4 billion project backlog, including $13.2 billion in natural gas expansion projects. The company raised its dividend by 2% and saw EPS grow 21% year-over-year. Long-term take-or-pay contracts with creditworthy counterparties are expected to generate approximately $2.5 billion in additional adjusted EBITDA, potentially increasing the company's base EBITDA by at least 37% by 2025.