KMI

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Kinder Morgan (KMI) is drawing fresh attention after its stock gained 1.06% during a weak broader market, with investors now looking ahead to the company’s second quarter 2026 earnings report on July 22. See our latest analysis for Kinder Morgan. The upcoming Kinder Morgan earnings release is arriving after a period of firm share price momentum, with a 17.43% year to date share price return and a 23.27% total shareholder return over the past year. This indicates that investors have been pricing in a stronger outlook while reassessing the company’s risk profile. If Kinder Morgan’s move has you looking for what else is working in energy infrastructure, it could be a good moment to scan 35 power grid technology and infrastructure stocks After Kinder Morgan’s strong recent run, the stock now sits closer to analysts’ price targets while still showing a sizeable gap to some intrinsic value estimates. Does the current balance of risks and potential rewards still favor new buyers? Compared with Kinder Morgan’s last close at $32.54, the most followed narrative puts fair value at $35.33. This frames the recent rally as still leaving some upside on the table based on its cash flow profile and project backlog. Read the complete narrative. Curious what sits behind that fair value gap? The narrative leans heavily on steady revenue growth, resilient margins and a richer future earnings multiple than the sector usually commands. Result: Fair Value of $35.33 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, the Kinder Morgan narrative can still be challenged if high leverage curbs future project flexibility or if energy transition policies weaken long term pipeline demand. Find out about the key risks to this Kinder Morgan narrative. The Kinder Morgan narrative presents the stock as 7.9% undervalued relative to a $35.33 fair value. However, the current P/E of 22x sits slightly above a fair ratio of 21.8x and well above peer and industry averages of 17.9x and 13.7x. That premium suggests less margin for error if expectations soften, so how comfortable are you paying up for this story? See what the numbers say about this price — find out in our valuation breakdown. Mixed signals around Kinder Morgan can make th...

HOUSTON, July 15, 2026--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced it will release second quarter 2026 earnings results on Wednesday, July 22, 2026, after market close and will hold a live webcast and conference call. What: Kinder Morgan Second Quarter ‘26 Earnings Results Webcast When: July 22, 2026, at 3:30 p.m. CT, 4:30 p.m. ET Where: http://ir.kindermorgan.com/presentations-webcasts How: Live over the Internet by logging on to the web at the above address, or by phone (listen-only) by dialing 1-517-308-9019 and entering the passcode 1996386. If you are unable to listen during the live webcast, the call will be archived at www.kindermorgan.com. A recording of the conference call will also be available for replay one hour after the call until the end of the day on August 23, 2026. To access the replay, please dial 1-203-369-0166 and enter passcode 36707. About Kinder Morgan, Inc. Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient, and environmentally responsible manner for the benefit of the people, communities, and businesses we serve. We own an interest in or operate approximately 78,000 miles of pipelines, 136 terminals, more than 700 Bcf of working natural gas storage capacity, and have renewable natural gas generation capacity of approximately 6.9 Bcf per year of gross production. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2, renewable fuels and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, jet fuel, chemicals, metals, petroleum coke, and ethanol and other renewable fuels and feedstocks. Learn more about our work advancing energy solutions on the lower carbon initiatives page at www.kindermorgan.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260715834596/en/ Contacts Media RelationsDave [email protected] Investor Relations (800) [email protected] www.kindermorgan.com

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Kinder Morgan (NYSE:KMI) and the rest of the infrastructure stocks fared in Q1. Energy infrastructure companies build, own, and operate assets including pipelines, storage facilities, and processing plants that transport and handle oil, natural gas, and related products. These businesses often generate fee-based revenues providing cash flow stability. Tailwinds include growing production volumes requiring expanded takeaway capacity and export infrastructure demand. Long-term contracts with creditworthy counterparties reduce commodity price exposure. Headwinds include permitting and regulatory challenges delaying new projects, environmental opposition to pipeline construction, and potential long-term demand decline from energy transition. High capital intensity and interest rate sensitivity affecting financing costs present additional considerations. The 8 infrastructure stocks we track reported a strong Q1. As a group, revenues beat analysts’ consensus estimates by 14.9%. While some infrastructure stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 3.6% since the latest earnings results. Operating what amounts to the toll roads of the energy industry, Kinder Morgan (NYSE:KMI) transports natural gas, refined petroleum products, and crude oil through its pipeline network across North America. Kinder Morgan reported revenues of $4.83 billion, up 13.8% year on year. This print exceeded analysts’ expectations by 3.3%. Overall, it was a stunning quarter for the company with a beat of analysts’ EPS and EBITDA estimates. The market was likely pricing in the results, and the stock is flat since reporting. It currently trades at $31.82. Is now the time to buy Kinder Morgan? Access our full analysis of the earnings results here, it’s free. Rebranded from Chesapeake Energy in 2024 after emerging from bankruptcy, Expand Energy (NASDAQ:EXE) produces natural gas, oil, and natural gas liquids from underground shale formations in Louisiana, Pennsylvania, Ohio, and West Virginia. Expand Energy reported revenues of $4.53 billion, up 41% year on year, outperforming analysts’ expectations by 48.2%. The business had an exceptional quarter with a solid...

With a market cap of $72.5 billion, Kinder Morgan, Inc. (KMI) is one of North America’s largest energy infrastructure companies, operating approximately 78,000 miles of pipelines, 136 terminals, and more than 700 Bcf of natural gas storage capacity. The company provides safe, efficient, and environmentally responsible energy transportation and storage services, handling natural gas, petroleum products, renewable fuels, chemicals, and other commodities that support communities and businesses across the region. The Houston, Texas-based company is anticipated to announce its fiscal Q2 2026 results soon. Ahead of the event, analysts expect KMI to report an adjusted EPS of $0.31, a rise of 10.7% from $0.28 in the year-ago quarter. The company has surpassed or met Wall Street's bottom-line estimates in the past four quarters. Palantir Stock Crashes to a 52-Week Low: Why It’s Time to Buy the Dip. Corning Stock Skyrockets on AI-Related Demand, Spurring Unusual Call Option Buying AMD’s MEXT Acquisition Is More Important Than Markets Realize. Here’s How It Solves the Memory Bottleneck. Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For fiscal 2026, analysts forecast the pipeline and terminal operator to post adjusted EPS of $1.49, up 14.6% from $1.30 in fiscal 2025. Shares of Kinder Morgan have increased 17.3% over the past 52 weeks, lagging behind the S&P 500 Index's ($SPX) 21.3% gain and the State Street Energy Select Sector SPDR ETF's (XLE) 27.7% return over the same time frame. Kinder Morgan reported better-than-expected Q1 2026 adjusted EPS of $0.48 and $4.83 billion in revenue on Apr. 22, driven by stronger natural gas demand with volumes rising to 49,475 billion Btu/day. The results were supported by geopolitical tensions in the Middle East, increased LNG demand, and rising power needs from data centers, alongside a bullish long-term outlook for U.S. gas demand reaching 150 Bcf/day by 2031. However, the stock fell marginally the next day as investors likely focused on weaker refined products volumes, which declined to 1,965 thousand barrels/day. Analysts' consensus rating on Kinder Morgan stock is cautiously optimistic overall, with a "Moderate Buy" rating. Out of 22 analysts covering the stock, nine recommend a "Strong Buy," one has a "Moderate Buy" rating, and 12 give a "Hold" rating. The average anal...

Enterprise Products Partners LP EPD is a leading player in North America’s midstream energy space, with an extensive asset network for the transportation and storage of crude oil, natural gas, natural gas liquids (NGLs), petrochemicals and refined products. The partnership generates mostly fee-based revenues under long-term contracts with its customers, which ensures stable and predictable cash flows across business cycles, limiting exposure to commodity price volatility. EPD’s highly contracted business model also makes its earnings less vulnerable to fluctuations in commodity prices. As a provider of critical energy infrastructure, the partnership benefits from relatively inelastic demand for its services. In addition, EPD has highlighted that almost 90% of its long-term contracts include an escalation provision that protects its cash flows and distributions in inflationary business environments.The partnership’s financial position is anchored by its stable cash flows and a strong balance sheet. Enterprise Products has a strong balance sheet, with nearly $3.3 billion in consolidated liquidity, comprising liquidity available under its credit facilities and unrestricted cash on hand. Its leverage ratio was 3.2x as of March 31, 2026, which lies within its target range of 2.75x-3.25x. The strong balance sheet allows EPD to maintain its resilience across various business cycles and withstand downturns better. The combination of predictable earnings, stable cash flows and balance sheet strength enables EPD to navigate business cycles with ease while continuing to fund growth projects and return capital to unitholders. Kinder Morgan Inc. KMI is a leading midstream energy company that operates the largest natural gas pipeline system in the United States. The company owns and operates nearly 78,000 miles of pipelines, 136 terminals and more than 700 billion cubic feet (Bcf) of working natural gas storage capacity. The Williams Companies, Inc. WMB is another leading player in the midstream energy sector that operates a widespread pipeline system of more than 33,000 miles, including the Transco and Northwest Pipeline systems. These pipeline systems are among the largest natural gas transportation networks in the United States. Both companies have a highly contracted business model, resulting in stable cash flows. Enterprise Products units have jumped 19.3% over the p...

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Recent interest in Kinder Morgan (KMI) has been driven by reaffirmed positive analyst views following strong quarterly results, rising earnings estimates, and commentary around its multibillion dollar project backlog and dividend support. See our latest analysis for Kinder Morgan. Kinder Morgan’s share price has eased recently, with a 30 day share price return of down 6.5% and a 90 day share price return of down 6.3%. However, the year to date share price return is 14.0% and the 5 year total shareholder return is 127.6%, so momentum has cooled in the short term while longer term holders have still seen strong compounded gains. If Kinder Morgan’s project backlog and data center related deals have you thinking about wider energy infrastructure trends, it may be worth scanning 34 power grid technology and infrastructure stocks So with Kinder Morgan trading below some analyst targets and backed by a large project backlog, is the stock offering investors a reasonable entry point today, or is the market already pricing in much of that future growth potential? With Kinder Morgan last closing at $31.59 against a narrative fair value of $35.33, the current setup highlights a valuation gap that depends on how future gas demand, contracts and returns develop. Read the complete narrative. Want to understand why this narrative presents Kinder Morgan differently from typical pipeline assumptions? The story focuses on steady volume growth, resilient margins and a future earnings multiple that places this infrastructure stock in premium territory. It raises the question of which specific growth rates and profitability levels would need to be sustained to support that higher fair value. Result: Fair Value of $35.33 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, Kinder Morgan’s heavy net debt load and exposure to potential overbuild or weaker recontracting terms could still pressure future cash flows and challenge this positive narrative. Find out about the key risks to this Kinder Morgan narrative. The SWS DCF model sees Kinder Morgan as good value at $31.59 compared with an estimated future cash flow value of $52.03. However, the current 21.3x P/E is higher than both the US Oil and Gas industry at 12.9x a...

Kinder Morgan (KMI) posted adjusted EPS of $0.39 on $4.51B revenue (+13.64% YoY) with its $10B pipeline backlog 90% natural gas and 60% tied to power generation. Williams Companies (WMB) reported $7.75B adjusted EBITDA (+9%) and is deploying $7B into power innovation projects including the Cogentrix platform and Socrates the Younger, trading at a 34 P/E versus 23 for KMI. Kinder Morgan is doubling down on traditional pipeline infrastructure for LNG exports and power generation, while Williams is pushing further down the value chain into power generation itself to capitalize on the data center power demand boom. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Kinder Morgan didn't make the cut. Grab the names FREE today. Kinder Morgan (NYSE:KMI) and Williams Companies (NYSE:WMB) just closed the books on record 2025 results, and both pipeline operators are pointing the same firehose of capital at LNG exports and data center power demand. The way they are doing it, however, looks quite different. One is leaning on a $10 billion pipeline backlog. The other is buying into power generation itself. Kinder Morgan delivered adjusted EPS of $0.39 against a $0.37 estimate on $4.51 billion in revenue, up 13.64% year over year. CEO Kim Dang credited "record-setting performance in our Natural Gas Pipelines business segment", with transport volumes up 9% and gathering volumes up 19%. The CO2 segment was the weak spot, dragged by softer commodity and D3 RIN prices. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Kinder Morgan didn't make the cut. Grab the names FREE today. Williams, under new CEO Chad Zamarin since July 2025, posted full-year adjusted EBITDA of $7.75 billion, up 9%, and Q4 EPS of $0.55. Transco continues to do the heavy lifting, with Transmission, Power & Gulf adjusted EBITDA of $3.71 billion, a $403 million jump. A $212 million impairment on Mid-Continent gas gathering was a reminder that not every basin is humming. Kinder Morgan is doubling down on what it already does best. Its $10 billion project backlog is roughly 90% natural gas, with about 60% tied to power generation. Trident Intrastate, SSE4, and Mississippi Crossing are all traditional pipeline projects. Dang says "total demand for natural gas is expected to grow by 17% through 2030, led by LNG exports", and KMI already moves...

A month has gone by since the last earnings report for Kinder Morgan (KMI). Shares have added about 5.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Kinder Morgan due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important catalysts. Kinder Morgan reported first-quarter 2026 adjusted earnings per share (EPS) of 48 cents, which beat the Zacks Consensus Estimate of 38 cents. The bottom line increased year over year from 34 cents. Total quarterly revenues of $4.83 billion beat the Zacks Consensus Estimate of $4.65 billion. The top line also increased from $4.24 billion in the prior-year quarter. The strong quarterly results can be primarily attributed to contributions from the Natural Gas Pipelines business segment. Natural Gas Pipelines: In the March-ended quarter, adjusted earnings before depreciation, depletion and amortization expenses (EBDA) jumped to $1.80 billion from $1.53 billion a year ago. The segment achieved record financial results in the first quarter, primarily driven by higher contributions from the Texas Intrastate system due to cold weather as well as from the Tennessee Gas Pipeline. Natural gas transport volumes, natural gas sales volumes and gathering volumes were also higher compared with the first quarter of 2025. Product Pipelines: The segment’s EBDA in the first quarter of 2026 was $325 million, an increase from $274 million recorded a year ago. The increase can be attributed to higher transport benefiting the transmix business, recovery of retroactive rate increases after a favorable court ruling and the recovery from a previous turnaround at the condensate processing facility. Terminals: Kinder Morgan generated a quarterly EBDA of $330 million from the segment, higher than the $275 million reported in the year-ago period. Liquids utilization was 93.5% in the quarter, lower than 94.3% in the prior-year quarter. The segment was aided by the liquids terminals business, supported by increased rates and ancillary fees at the Houston Ship Channel hub, early termination payments from storage agreements and increased earnings from fully contracted bulk terminals and Jones Act tankers. CO2: The segment’s EBDA was $189 mill...

Targa Resources Corp. TRGP reported first-quarter 2026 earnings of $2.21 per share, which missed the Zacks Consensus Estimate of $2.55. The underperformance can be attributed to severe winter weather that impacted volumes across its systems, weak Waha natural gas prices that led to producer curtailments in the Permian Basin during the quarter and higher operating expenses related to maintenance activity, system expansions and acquired Permian assets. The bottom line, however, increased from the year-ago quarter’s level of 91 cents. The year-over-year improvement can be attributed to higher operating margins in the company’s Gathering and Processing and Logistics and Transportation segments. Total quarterly revenues of $4.1 billion missed the Zacks Consensus Estimate of $5.1 billion by 19.64%. Revenues also declined 10% from the year-ago quarter’s level of $4.6 billion, primarily due to lower commodity sales, partly offset by higher fees from midstream services. Targa Resources, Inc. price-consensus-eps-surprise-chart | Targa Resources, Inc. Quote Despite the revenue miss, Targa delivered record first-quarter adjusted EBITDA of $1.4 billion, up 19% from the prior-year quarter. The increase was driven by record Permian inlet volumes, record fractionation volumes and higher marketing margins. On April 16, 2026, Houston, TX-based oil and gas storage and transportation company declared a quarterly dividend of $1.25 per share, or $5 annualized, representing a 25% increase from the first-quarter 2025 dividend. The company also repurchased $55 million of common stock during the quarter. In the first quarter, Targa benefited from continued strength across its integrated Permian-to-Mont Belvieu footprint. Management mentioned that the company still achieved record first-quarter adjusted EBITDA, Permian volumes and NGL fractionation volumes despite winter weather and periodic shut-ins. The company also mentioned that current Permian volumes were running more than 250 million cubic feet per day above the first-quarter average, even with 200-400 million cubic feet per day of temporary producer shut-ins on any given day. Gathering and Processing: The segment’s operating margin was $703.5 million, up 17% from $602.2 million in the year-ago quarter. However, the figure missed the Zacks Consensus Estimate of $757 million. Adjusted operating margin increased 16% year over yea...

Cheniere Energy, Inc. LNG reported a first-quarter 2026 adjusted earnings of $4.77 per share, beating the Zacks Consensus Estimate of $3.91 by 22%. The figure increased 34.6% from the year-ago quarter’s level. This was primarily due to stronger operational execution and favorable LNG market conditions in the first quarter of 2026, which helped adjusted earnings beat estimates and improve year over year. Revenues totaled $5.87 billion, beating the Zacks Consensus Estimate of $5.70 billion by 3% and rising 8% year over year, driven by a 7.9% and 6.7% year-over-year increase in LNG and Other revenues, respectively. Cheniere Energy, Inc. price-consensus-eps-surprise-chart | Cheniere Energy, Inc. Quote Operationally, the company posted record LNG loaded volumes of 688 TBtu, up 13% year over year. The figure also beat the consensus mark of 648 TBtu. Additionally, the company exported a record 187 cargoes during the quarter, reflecting an 11% year-over-year increase from the prior-year quarter’s level. On April 22, Cheniere Energy’s board of directors declared a quarterly cash dividend of 55.5 cents per share. The dividend, which remains unchanged, will be paid on May 19, 2026. Cheniere Energy deployed about $1.2 billion toward growth, balance sheet management, share repurchases and dividends during the quarter. The company repurchased common stock for approximately $537 million and paid a quarterly dividend, totaling about $117 million. The oil and gas storage and transportation company reported consolidated adjusted EBITDA of $2.3 billion in the first quarter of 2026, up about 25% from the year-ago quarter’s level. The growth was primarily driven by higher total margins on LNG delivered, reflecting higher volumes and contributions from optimization activities, along with the recognition of a nonrecurring tax credit. During the first quarter of 2026, LNG generated distributable cash flow of $1.67 billion. Cheniere Energy noted that new long-term contracted volumes commenced during the first quarter, reinforcing the strategy of pairing long-duration contracts with its large-scale Gulf Coast liquefaction footprint. The company reiterated its focus on bringing incremental capacity online efficiently through debottlenecking initiatives while continuing permitting, development and commercialization work tied to expansions at Sabine Pass and Corpus Christi. Management c...

Permian Resources Corporation PR reported first-quarter 2026 adjusted earnings of 39 cents per share, beating the Zacks Consensus Estimate of 38 cents by 3%. This outperformance was primarily driven by stronger production volumes, improved well performance, reduced downtime and continued drilling and completion efficiencies. However, the bottom line declined from the year-ago quarter’s adjusted earnings of 43 cents due to weaker NGL and natural gas realizations, along with higher operating expenses. The company’s oil and gas sales of $1.39 billion missed the Zacks Consensus Estimate of $1.4 billion by 0.83%. However, revenues increased slightly from the year-ago quarter’s $1.38 billion, aided by a higher year-over-year contribution from oil sales (10.6%) and purchased gas sales during the quarter. Permian Resources Corporation price-consensus-eps-surprise-chart | Permian Resources Corporation Quote On May 6, 2026, the Midland, TX-based exploration and production company declared a quarterly base dividend of 16 cents per Class A common share, translating to an annualized dividend of 64 cents. The payout is scheduled for June 30, 2026, for its shareholders on record as of June 16. Management reiterated that the base dividend remains a top capital allocation priority. Beyond the base dividend, the company intends to focus on debt repayment, cash accumulation, accretive acquisitions and opportunistic share repurchases, depending on market conditions. The company reported total average production of 412.9 thousand barrels of oil equivalent per day (MBoe/d), comprising 47% oil and 72% liquids, in the first quarter, up from 373.2 MBoe/d in the year-ago period. The figure beat the Zacks Consensus Estimate of 411,665 Boe/d due to strong runtime, improved recent well performance and efforts to accelerate incremental oil volumes in March through increased workover activity. The company also accelerated oil production volumes during March. Crude oil production averaged 192.3 thousand barrels per day (MBbls/d), up from 175 MBbls/d in the prior-year quarter. The figure beat the Zacks Consensus Estimate of 189.6 MBbls/d. NGL production came in at 103.3 MBbls/d, up 20.1% year over year. However, it missed the Zacks Consensus Estimate by 1.01%. Meanwhile, natural gas production totaled 703 million cubic feet per day (MMcf/d), up 4.4% year over year, but missed the Zacks Cons...

Helmerich & Payne, Inc. HP reported a second-quarter fiscal 2026 adjusted net loss of 38 cents per share, wider than the Zacks Consensus Estimate of an adjusted net loss of 6 cents. Moreover, the bottom line decreased considerably from the year-ago quarter’s reported profit of 2 cents. This was due to a weaker rig activity in North America and international markets, and significantly higher operating costs related to its Middle East operations. The International Solutions segment posted an operating loss of nearly $100 million as the company incurred additional expenses to reactivate rigs in Saudi Arabia and work around supply-chain disruptions caused by the Middle East conflict. Moreover, the quarter included a $26 million non-cash impairment charge, which further pressured profitability. Revenues totaled $932 million, missing the consensus mark of $946 million by 1.46%. The top line also declined 8.2% year over year from the prior-year quarter’s level of $1 billion, primarily due to lower revenue contributions from drilling services. Helmerich & Payne, Inc. price-consensus-eps-surprise-chart | Helmerich & Payne, Inc. Quote The company returned approximately $25 million to shareholders through its ongoing dividend program during the quarter. Management also noted continued progress in expanding the deployment of FlexRobotics technology to support customer demand. North America Solutions: Operating revenues of $517.2 million decreased 13.7% year over year. Moreover, the top line missed our projection of $519.1 million. The segment averaged 136 active rigs in the quarter and delivered a direct margin of $215.2 million, or $17,628 on a per-day basis, maintaining industry-leading performance. Segment operating income was $111.3 million, improving sequentially from the prior quarter that included a one-time impairment, but down from $151.9 million in the year-ago period. However, the reported figure beat our estimate of $93.9 million. HP highlighted strengthening customer sentiment and meaningful commercial momentum across the U.S. land market, supported by new contracts and extensions across multiple basins. International Solutions: Operating revenues were $218.3 million, down 11.9% from $247.9 million a year ago. Moreover, the top line missed our projection of $231 million. The segment recorded an operating loss of approximately $100 million and generated abou...