On their year-end earnings call January 21, 2026, Kinder Morgan (KMI) management attributed record results to growth in their natural gas businesses, particularly in the Eagle Ford, Haynesville and Northeast segments. In their opening comments, they highlighted strong Haynesville gathering growth and noted the system hit a new throughput record of 1.97 Bcf/d on Christmas Eve.
They also gave a quick progress update on several big projects. Trident kicked off construction the prior week, and both Mississippi Crossing (MSX) and South System Expansion 4 (SSE4) have received FERC scheduling orders, with final certificates expected by July 31. MSX is now expected to come online earlier than originally planned, moving up from Q4 ’28 to Q2 ’28. The prepared statements also highlighted the recently announced second open season for Western Gateway (their products pipeline JV with Phillips 66), which adds additional origin points and expands delivery into the Los Angeles market by reversing KMI’s existing SFPP lines between Watson and Colton, CA (the proposed project mapped below).
