Kinder Morgan, Inc. (KMI) Presents at Barclays 40th Annual Energy-Power Conference Transcript

SA Transcripts 162.13K Followers Follow Kinder Morgan, Inc. ( KMI ) Barclays 40th Annual Energy-Power Conference September 9, 2026 9:45 AM EDT Company Participants Kimberly Dang - CEO & Director Conference Call Participants Theresa Chen - Barclays Bank PLC, Research Division Presentation Theresa Chen Barclays Bank PLC, Research Division Good morning, everyone. Thank you so much for joining us. My name is Theresa Chen, and I'm the midstream and refining analyst here at Barclays. It is my pleasure to introduce our next company, Kinder Morgan. With us from Kinder is CEO, Kim Dang. Welcome, Kim. Kimberly Dang CEO & Director Thank you, Theresa. Nice to be here. Question-and-Answer Session Theresa Chen Barclays Bank PLC, Research Division Thank you very much for being here. There is quite a bit happening across your footprint. We're going to go segment by segment effectively, but maybe beginning with the natural gas side of things. I want to begin with a discussion of your project commercialization plan through year-end. As highlighted in the second quarter earnings, you expect to sanction at least $1.4 billion in new natural gas projects by the end of this year. Would you be able to provide any color on these late-stage opportunities and how they could strategically enhance Kinder's broader transmission footprint? Kimberly Dang CEO & Director Sure. So let me start by saying that the natural gas segment is about 2/3 of our business, and it is the area where we expect the most growth. So as you said, on our second quarter call, we talked about at least $1.4 billion of projects. And just so that -- to give a little background for people, at the end of the first quarter, our backlog was about $10.1 billion. And then it reduced in the second quarter to about $9.6 billion as a result of projects that we put in service.