{"podcast":{"title":"Charged Alpha Stock Encyclopedia","slug":"charged-alpha-stock-encyclopedia-7819792","podcast_index_feed_id":7819792,"rss_url":"https://feed.podbean.com/chargedalpha/feed.xml","website_url":"https://chargedalpha.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/22241603/charged_alpha_logo_2048.png","author":"Colton Thomas","episode_count":1630,"summary":"Charged Alpha reviews earnings for each stock in the Russel 1000 every quarter. Each podcast gives thorough analysis, along with an in-depth profile in the beginning of the episode of the company, what they do, how they earn money and what to look for.","last_synced_at":"2026-09-04T06:17:14.359815+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792"},"episode":{"title":"Kinder Morgan Stock: Record Q2 Earnings, a 3.6% Dividend, and a $9.6B Growth Backlog","slug":"kinder-morgan-stock-record-q2-earnings-a-3-6-dividend-and-a-9-6b-growth-backlog","published_at":"2026-07-25T11:46:56+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/kinder-morgan-stock-record-q2-earnings-a-3-6-dividend-and-a-9-6b-growth-backlog","show_page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792","url":"https://chargedalpha.podbean.com/e/kinder-morgan-stock-record-q2-earnings-a-36-dividend-and-a-96b-growth-backlog/","audio_url":"https://mcdn.podbean.com/mf/web/65cxvpy42zj2de6k/audio_z.mp3","summary":"Kinder Morgan (KMI) Q2 2026 — Kinder Morgan (KMI), the toll road on America's natural gas, reported a record Q2 2026: adjusted EPS of $0.37 beat the ~$0.32 estimate (+32% YoY) on revenue of $4.48B (+11% YoY), record adjusted EBITDA of $2.2B (+12%), and record Q2 net income of $867M (+21%). Management RAISED its full-year outlook (now >12% above budget on adjusted EPS) and declared a $0.2975 quarterly dividend ($1.19 annualized, +2% YoY, ~3.6% yield), backed by a $9.6B project backlog that is 92% natural gas. The stock (~$32.86) has run ~28% off its $25.60 low to within ~6% of its $34.81 high. Even respecting the leverage (~3.6x net debt/EBITDA) and long-run transition risk, our owner-earnings DCF lands fair value near $36 — modestly above the price. Our call: HOLD, 3/5 — a high-quality income compounder, now fairly priced. Kinder Morgan is the toll road on America's natural gas — a ~$73B energy-infrastructure company that owns ~78,000 miles of pipeline and moves roughly 40% of the gas the U.S. burns or exports. Q2 2026 was a record: adjusted EPS of $0.37 beat ~$0.32 (+32% YoY), revenue rose ~11% to $4.48B, adjusted EBITDA hit a Q2 record $2.2B (+12%), and net income of $867M was an all-time Q2 high (+21%). The engine was natural gas — transport volumes +7% on LNG exports and data-center power demand, gathering volumes +26% — and management RAISED full-year guidance (now >5% above budget on EBITDA, >12% on EPS). The dividend rose 2% to $0.2975/quarter ($1.19/yr, ~3.6% yield), covered ~2x by distributable cash flow, and a $9.6B backlog (92% natural gas, 60%+ tied to power generation and utilities) can be self-funded from internal cash. So the debate isn't quality — it's price. After a ~28% run to ~$32.86, KMI trades ~11.5x EBITDA and ~21x earnings. Respecting ~$…","meta_description":"Kinder Morgan (KMI) Q2 2026 — Kinder Morgan (KMI), the toll road on America's natural gas, reported a record Q2 2026: adjusted EPS of $0.37 beat the ~$0.3…","key_points":[],"chapters":[],"topics":[],"duration_seconds":900,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/charged-alpha-stock-encyclopedia-7819792/episodes/kinder-morgan-stock-record-q2-earnings-a-3-6-dividend-and-a-9-6b-growth-backlog/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/kinder-morgan-stock-record-q2-earnings-a-3-6-dividend-and-a-9-6b-growth-backlog.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}