Kinder Morgan Inc. added $5.4 billion in expansion projects during the third quarter of 2026, raising its total project backlog to $14.4 billion, including a record $13.2 billion in natural-gas infrastructure. The Houston-based pipeline operator's backlog increased by a net $4.7 billion from the second quarter after about $700 million of projects entered service. Major commitments include Kinder Morgan's $3.1 billion share of Southern Natural Gas' Southeast Connector and its $1.6 billion share of Natural Gas Pipeline Company of America's Permian Link, both backed by long-term transportation agreements. Third-quarter net income rose 22% to $764 million, adjusted earnings per share increased 21% to $0.35, and adjusted EBITDA climbed 9% to $2.18 billion. Kinder Morgan increased its full-year outlook, expecting adjusted EBITDA to exceed its original $8.6 billion budget by more than 6% and adjusted EPS to surpass its initial $1.36 forecast by more than 13%.