KMI

Rating buyAI Memo

Kinder Morgan Class P

As of 2026-01-29/Confidence medium

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Data freshness

AI Memo

As of 2026-01-29 • Model: RankAlpha Sentiment AI

Decision Panel

Action, confidence, horizon, and decision blockers at a glance.

Action

buy

Confidence

medium

Horizon

—

Key catalyst

Quarterly Dividend Declaration • 2026-03-31

Expected move: -0%

Biggest risk

Weaker volumes, regulatory/project delays, or distribution pressure compress multiples and push valuation below current levels despite baseline cash yields.

Invalidation

Break below $26 or thesis failure.

What would change my mind?

Sustained fee-based contracts, modest volume recovery, and successful project execution lift multiples toward analyst highs, producing material upside versus the anchor if realized.

Research note

Recommendation

buy

Confidence

medium

As of

2026-01-29

Base target

$31

p=60%

Bull target

$38

p=20%

Bear target

$26

p=20%

Key bullets

Fast scan of bull, bear, and watch items

BullKey bullets

Q1 2026 Earnings Release
Regulatory / Major Project Outcome
Sustained fee-based contracts, modest volume recovery, and successful project execution lift multiples toward analyst highs, producing material upside versus the anchor if realized.

BearKey bullets

Commodity demand/flow declines reducing throughput
Material operational incidents or force majeure events
Regulatory or permitting delays for major projects

WatchKey bullets

Quarterly Dividend Declaration

Summary

High-level snapshot

Recommendation

buy

Model confidence

medium

Timeframe

Asset

Equity

Trigger

Base case: $31 (p=60%)

Bull/Bear spread: +22% / -16%

Vs latest close: Bull +22% · Base -0% · Bear -16%

Scenario probabilities

Bull Target: $38 (p=20%)Base Target: $31 (p=60%)Bear Target: $26 (p=20%)

Commentary

Consensus targets cluster near $31 with highs around $38 and lows in the mid‑$20s, implying modest near-term upside from the anchor. Market tone is neutral-to-moderately constructive, driven by dividend stability and fee-based contracts; near-term caution centers on catalyst timing and FID risk.

As of 2026-01-29 • Updated bi-weekly / post-earningsSource: Internal modelMethodology

Analyst Summary

Thesis highlights from the latest analysis

Bull Case

Sustained fee-based contracts, modest volume recovery, and successful project execution lift multiples toward analyst highs, producing material upside versus the anchor if realized.

Bear Case

Weaker volumes, regulatory/project delays, or distribution pressure compress multiples and push valuation below current levels despite baseline cash yields.

Drivers

Scannable catalysts and supporting factors

Q1 2026 Earnings Release
Regulatory / Major Project Outcome

Human Analyst Targets

External snippets for comparison only; verify at source.

Unverified externalLast fetched 2026-01-29Source quality: external scrape

External snippets are unverified; treat as directional signals only. Always confirm with the original provider.

Inline RA est

Provider

serper

Median (USD)

$31.00

Range (USD)

$24.00 - $38.00

Count

Query: Kinder Morgan Inc Class P Common (KMI) analyst consensus price target high low average

Kinder Morgan (KMI) Stock Forecast and Price Target 2026
Search result #1
The highest price target for KMI is $38.00, while the lowest price target for KMI is $28.00. The average price target represents a forecasted upside of 6.57% ...
Extracted: $38.00, $28.00Open source
Kinder Morgan Inc. Analyst Estimates - KMI
Search result #2
Stock Price Targets. High, $31.00. Median, $31.00. Low, $31.00. Average, $31.00. Current Price, $29.34. Yearly Numbers. Estimates. KMI will report 2012 earnings ...
Extracted: $31.00, $29.34Open source
Kinder Morgan, Inc.: Target Price Consensus and Analysts ...
Search result #3
Spread / Average Target. +11.21%. High Price Target. 38.00USD. Spread / Highest target. +36.05%. Low Price Target. 24.00USD. Spread / Lowest Target. -14.07% ...
Extracted: $38.00, $24.00Open source
Kinder Morgan, Inc. Stock Price
Search result #4
Barclays reiterated a Buy rating with a $32 price target, while analyst consensus remains Moderate Buy with an average target of $31.58, suggesting 11.5% upside ...
Extracted: $32.00, $31.58Open source
Kinder Morgan stock forecast - KMI
Search result #5
The average price target is $31.82 with a high forecast of $36.00 and a low forecast of $30.00. The average price target represents a 7.60% change from the last ...
Extracted: $31.82, $36.00, $30.00Open source
Kinder Morgan (KMI) Price Targets
Search result #6
The forecasts range from a low of $28.00 to a high of $38.00. The average price target represents an increase of 8.52% from the last closing price of $29.59.
Extracted: $28.00, $38.00, $29.59Open source

Scenarios

Bull Target (Scenario probability)

$38 / p=20% prob

Base Target (Scenario probability)

$31 / p=60% prob

Bear Target (Scenario probability)

$26 / p=20% prob

Price $31 as of 2026-05-29

Nearest Scenario: Base (∆ 0%)

Targets vs latest close: Bull +22% · Base -0% · Bear -16%

Sentiment & Exposure

Sentiment unavailable: insufficient coverage

Events

Other notable items detected

EVENT2026-03-31
Quarterly Dividend Declaration
Dividend announcement/payout cadence drives income investor demand and valuation; timing set to a conservative window-end in absence of a disclosed calendar.
Prob 70.00% • Move 2.00% • Priced-in 80.00%

Short-term Catalysts

Next few weeks

Q1 2026 Earnings Release
2026-04-29
Quarterly results and any guidance update may move the yield-sensitive midstream multiple; date modeled conservatively in absence of a firm release date.
Prob 55% • Move 4% • Priced-in 60%

Long-term Catalysts

Months to a year

Regulatory / Major Project Outcome
2027-01-29
Permitting, FERC decisions, or large contract awards can re-rate fee-based cash flows; outcome timing uncertain so modeled on a 12‑month horizon.
Prob 30% • Move 15% • Priced-in 25%

Risks

Commodity demand/flow declines reducing throughput
Material operational incidents or force majeure events
Regulatory or permitting delays for major projects
Rising interest rates pressuring yield multiples

Peers

Symbol	Summary
ENB	Large North American pipeline operator; useful benchmark for capital-allocation trends and fee-based cash flows.
WMB	U.S. midstream peer with similar fee-based contracts and sensitivity to domestic gas/NGL volumes.
TRP	Cross-border operator where regulatory outcomes and tariff resets are key re-rating levers.
PAA	Provides contrast on merchant exposure and volume vs. fee-based risk profiles.

Sources

Internal and external references used in this analysis

Model source: RankAlpha Sentiment AI
Human targets: serper
Targets query: Kinder Morgan Inc Class P Common (KMI) analyst consensus price target high low average
Analysis date: 2026-01-29

AI Stock Memo: KMI - Kinder Morgan Class P - RankAlpha