Kinder Morgan, Inc. (KMI) Stock Price, News, Analysis

Technical Score (1D)

SELL

News Sentiment

MIXED

Jefferies has cut its price target for Kinder Morgan to $33 from $35, citing mounting operating‑margin pressure and regulatory uncertainty, while keeping a hold rating. This downgrade signals a modest negative valuation outlook that could dampen investor enthusiasm in the coming days. The adjustment follows the company’s recent outperformance, where KMI closed up 1.89% and beat the S&P 500, driven by a 13.8% year‑over‑year rise in EPS and an 8.3% lift in quarterly revenue. The positive earnings outlook—projected full‑year EPS of $1.55 and revenue of $18.49 billion—provides a counterweight to the Jefferies downgrade, suggesting that the market may still view the pipeline operator favorably. Traders should watch the upcoming earnings release for confirmation of margin trends and any regulatory updates that could alter the cost structure. If earnings confirm the guidance, the price target may hold steady; if margins slip or regulatory risk materializes, the target could be revised further downward. The next key event is the earnings call, where management’s commentary on pipeline utilization and capital expenditures will be critical. Monitoring any new regulatory filings or pipeline expansion approvals in the next 1–10 trading days will also help gauge whether the company’s valuation remains justified.

KMI|Analyst Targets

LOW TARGET

$31 -2.6%

2 analysts

MEAN TARGET

$36 +13.1%

17 analysts

HIGH TARGET

$43 +35.0%

11 analysts

PRICE RANGE

$31.00 - $43.00

SB / B / H / S / SS

4/12/12/1/1

DAILYIQ EST.

$36.66 (+15.1%)

KMI|Company Info

Sector

Energy

Industry

Oil & Gas Midstream

Exchange

NYQ

Country

United States

Website

kindermorgan.com

Symbol

KMI

Description

Kinder Morgan, Inc. is a North American energy infrastructure provider, specializing in the transportation and storage of various energy commodities. Its operations are segmented into four primary areas: natural gas pipelines, product pipelines, terminals, and carbon dioxide (CO2). The company's extensive network includes pipelines for natural gas, refined petroleum products, and crude oil, along with storage terminals for diverse commodities like gasoline, chemicals, and metals. Additionally, Kinder Morgan is involved in CO2 production and transportation, supporting enhanced oil recovery efforts, and operates renewable natural gas and liquefied natural gas facilities. Established in 1997 and headquartered in Houston, Texas, Kinder Morgan's infrastructure network is a critical component of the energy supply chain.

KMI|Insider Trading

Bought (1Y)

0 shares

Sold (1Y)

553,943 shares

$17.8M

Garthwaite Michael P.VP (Pres., Products Pipelines)

Sell1,550 shares2026-09-16

Garthwaite Michael P.VP (Pres., Products Pipelines)

Sell1,550 shares2026-08-17

Mody Sital KV.P. (Pres.,Nat Gas Pipelines)

Option Exercise115,741 shares2026-07-31

Mody Sital KV.P. (Pres.,Nat Gas Pipelines)

Tax Withholding45,545 shares2026-07-31

Mody Sital KV.P. (Pres.,Nat Gas Pipelines)

Option Exercise115,741 shares2026-07-31

KMI|Fundamentals

Bullish

Verdict: Bullish

✓Revenue growing year over year

✓Positive net margin

✓Positive operating cash flow

Net Margin

20.1%

Revenue CAGR

4.8%

Current Ratio

0.64x

Debt / Equity

1.03x

Return on Equity

9.8%

KMI|Earnings Snapshot

Earnings Summary

Kinder Morgan, Inc. is a North American energy infrastructure provider that transports and stores natural gas, refined petroleum products, crude oil, and CO2, operating through pipelines, terminals, and storage facilities. The company’s business sits within the oil & gas midstream sector, a segment that relies heavily on long‑term take‑or‑pay contracts to generate stable cash flow. In the most recent quarters, KMI’s earnings have shown a modest acceleration: Q4 2024 EPS of $0.32 fell slightly below the $0.33 estimate, while Q1 2025 EPS of $0.34 trailed the $0.36 estimate; however, Q2 2025 EPS of $0.28 beat the $0.28 estimate and Q3 2025 EPS of $0.29 missed the $0.30 estimate. Revenue has trended upward, rising from $3.987 billion in Q4 2024 to $4.241 billion in Q2 2025, and then to $4.146 billion in Q3 2025, indicating a steady growth trajectory. The company has consistently met or narrowly missed analyst expectations, with EPS beating estimates in 3 of the last 4 quarters and revenue growth maintaining a positive trend. Historically, KMI has posted YoY revenue growth of roughly 8–10% over the past few years, while EPS has fluctuated around the 5–10% range, reflecting the impact of commodity price volatility and capital expenditures. Recent news highlights KMI’s continued 1099‑DIV status, which preserves its appeal to IRA investors and supports dividend stability, and the announcement of at least $1.4 billion in new natural‑gas projects that could lift its backlog beyond $10 billion and add $1.7 billion of incremental EBITDA by 2028‑29. These developments underscore a strategic focus on expanding capacity under fee‑based take‑or‑pay contracts, which should reinforce cash flow and dividend sustainability. Going forward, investors should watch for confirmation of the new project approvals in the next earnings release, any regulatory changes that could affect pipeline construction timelines, and shifts in U.S. LNG export volumes that may influence demand assumptions underlying the projected EBITDA gains. These factors will be key to assessing whether KMI can maintain its revenue growth and EPS trajectory in the coming quarters.

Read full report

EPS

EstBeatMiss

Qtr	Est	Actual	+/−
Q3'26	$0.33	-	-
Q2'26	$0.33	$0.37	+12.5%
Q1'26	$0.40	$0.48	+19.6%
Q4'25	$0.37	$0.39	+5.4%
Q3'25	$0.30	$0.29	-2.8%
Q2'25	$0.28	$0.28	+0.8%

Revenue

EstBeatMiss

Qtr	Est	Actual	+/−
Q3'26	$4.4B	-	-
Q2'26	$4.3B	$4.5B	+4.6%
Q1'26	$4.6B	$4.8B	+4.0%
Q4'25	$4.4B	$4.5B	+3.5%
Q3'25	-	$4.1B	-
Q2'25	-	$4.0B	-

Full Earnings BreakdownEstimates, actuals, guidance, and historical context

→

KMI|Monthly Returns

Market Data

KMI Stock Snapshot

SELL32/100

$31.57−$0.26 (0.8%)

Market cap: 68.43B
P/E ratio: 19.7
Day range: $31.16 – $32.19
News sentiment: 49/100 · Neutral
Analyst target: $36.00 (+14.0%)
Consensus: Buy · 30 analysts

52-week range+23.3% off low · -9.7% from high

$25.60$34.97

Price $31.57 DailyIQ Est. $36.66

Price action on KMI is defensive - rallies are being sold rather than extended. Earnings and guidance carry more weight than macro data at this capitalisation.

Reverse DCF

What growth is priced into KMI?

FAIR

At today's price, Kinder Morgan, Inc. needs to grow free cash flow about 12.2% a year for the next 10 years to justify its valuation at a 6.90% cost of capital. Over its actual history it has compounded free cash flow at 14.5% a year, so the market is asking for 2.2 percentage points below its own delivered rate. On that basis KMI looks priced roughly in line with its own growth record.

Implied FCF growth: 12.2%
Historical FCF CAGR: 14.5%
Growth gap: -2.2 pts
Verdict: FAIR
Discount rate (WACC): 6.90%
Beta: 0.56

Behaviour On Record

What KMI's own history says about today's numbers

Realized volatility (21d): 22.3% 53rd pct
Below its peak: -28.5%
vs 200-day average: +1.9%
Up days (1y): 53%

Kinder Morgan, Inc. is currently running 22.3% annualised volatility over the last 21 sessions. Measured against KMI's own 13 years of daily returns rather than a market-wide average, that is the 53rd percentile — close to its own typical level, against a typical reading of 21.7%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

KMI is trading -28.5% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -20.1%, and the deepest was -67.3% in 2015. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began — and where past declines also continued.

Price sits +1.9% from its 200-day moving average. Against every other day in its history, that gap ranks at the 48th percentile — close to the gap it normally carries. Over the past year KMI closed higher on 53% of sessions, and it is currently 2 sessions into a rising streak.

On September specifically: over 13 years of records, KMI finished the month higher 6 of 13 times, with a median return of -1.1% and an average of -1.3%. Its strongest month historically has been November at +3.4% on average, its weakest December at -2.8%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: KMI has opened more than 2% away from the prior close in 97 of 3,268 sessions (3.0% of the time), with the largest gaps running +6.8% and -5.4%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

Across the last 3 dated reports on file, KMI moved an average of 2.0% in the session after earnings, closing higher 2 of those 3 times, with a median move of +0.4% and a largest of +3.7%.

All figures computed from 3,269 daily closes between 2013-09-19 and 2026-09-18, split-adjusted, recomputed daily. Percentiles are against KMI's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of KMI's sector?

Kinder Morgan, Inc. sits in the Energy sector, currently ranked 2nd of 11 GICS sectors by relative-strength rotation score (weakening).

Sector rank: #2 of 11
Sector state: Weakening
Sector rotation score: 80

Options Market

What is the options market pricing for KMI?

CallsPuts

For Kinder Morgan, Inc.'s nearest expiry (2026-09-25, 6 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.26), with at-the-money implied volatility around 35.4%. The options market is pricing roughly a ±4.2% move by that expiry — a range of about $29.14–$31.68.

Put/call ratio (2026-09-25): 0.26
ATM implied volatility: 35.4%
Total open interest: 8,585
Expected move by 2026-09-25: ±4.2% ($29.14–$31.68)

Analyst Rating Changes

Are analysts turning bullish or bearish on KMI?

Jefferies most recently reiterated its rating on Kinder Morgan, Inc. to Hold on Sep 18, 2026 with a price target of $33 (from $35). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.

Latest action: Jefferies — Hold
90-day upgrades: 0
90-day downgrades: 0
Net rating momentum: 0

Date	Firm	Action	Rating	Price target
Sep 18, 2026	Jefferies	Maintained	Hold	$35 → $33
Jul 23, 2026	Wells Fargo	Maintained	Overweight	$35 → $36
Apr 23, 2026	Jefferies	Maintained	Hold	$36 → $34
Mar 30, 2026	Citigroup	Maintained	Neutral	$28 → $33
Mar 30, 2026	RBC Capital	Maintained	Sector Perform	$32 → $35
Mar 26, 2026	Scotiabank	Maintained	Sector Perform	$31 → $32
Mar 24, 2026	Jefferies	Maintained	Hold	$31 → $36
Mar 24, 2026	Truist Securities	Initiated	Hold	$38
Mar 17, 2026	Scotiabank	Maintained	Sector Perform	$30 → $31
Mar 13, 2026	Wells Fargo	Maintained	Overweight	$34 → $35
Mar 13, 2026	Stifel	Maintained	Hold	$30 → $33
Mar 5, 2026	Mizuho	Maintained	Outperform	$31 → $37

KMI Competitive Positioning

Kinder Morgan, Inc. (KMI) is tracked alongside these names in Oil & Gas Midstream on DailyIQ — ranked by market cap, with today's move alongside.

KMIyou're hereKinder Morgan, Inc.$68.4B-0.82%
WMBThe Williams Companies, Inc.$89.1B-0.03%
TRGPTarga Resources Corp.$61.2B+0.03%
OKEONEOK, Inc.$58.8B-0.03%

Held by These ETFs

KMI is a top holding in these ETFs tracked on DailyIQ — bar length shows portfolio weight.

News Sentiment Analysis

Sentiment gathered from recent headlines

49/100

Strong NegativeNeutralStrong Positive

MIXED

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles

What did this article say?

Kinder Morgan (KMI) experienced a 4% decline in its shares over the past three months, falling below industry and sector averages. The midstream operator’s extensive pipeline and storage network, particularly around LNG export hubs, has not translated into recent upside for the stock. While Energy Transfer has outperformed, KMI’s performance suggests potential pricing or demand headwinds. Investors should monitor the company’s quarterly earnings for any updates on pipeline utilization and gas demand forecasts. The decline may reflect broader midstream valuation adjustments rather than a fundamental shift in KMI’s asset base.

What did this article say?

Natural gas is projected to power 40% of U.S. electricity through 2027, creating a tailwind for midstream operators. Kinder Morgan stands to capture increased throughput and higher freight rates as power and LNG demand rise. The company’s existing pipeline network positions it well to serve the expanding natural gas market. This shift supports a modest upside to KMI’s earnings outlook. Investors should monitor quarterly throughput growth and any regulatory changes affecting pipeline capacity.

What did this article say?

Jefferies has reduced its price target for Kinder Morgan (KMI) from $35 to $33 while keeping a hold recommendation. The downgrade reflects concerns over the company’s operating margin pressure and uncertain regulatory environment. The adjustment signals a modest negative outlook for KMI’s valuation, potentially weighing on investor sentiment. Traders should monitor upcoming earnings for margin updates and any regulatory developments that could influence the company’s cost structure.

What did this article say?

Kinder Morgan closed up 1.89% at $31.31, outperforming the S&P 500 and Nasdaq on the day. The pipeline operator’s forecasted EPS of $0.33 and revenue of $4.49 billion represent a 13.8% and 8.3% year‑over‑year increase, respectively. Analysts expect full‑year earnings of $1.55 and revenue of $18.49 billion, signaling continued upside momentum. The stock’s recent rally may be driven by positive earnings guidance and a broader energy‑sector rebound.

What did this article say?

The Iran conflict has pushed oil prices above $100 a barrel, creating a tailwind for fee‑based midstream operators. Kinder Morgan (KMI) is positioned to capture stable transportation and storage revenue as shippers lock in long‑term contracts, reducing exposure to commodity price swings. The company’s diversified pipeline network and low operating leverage give it a defensive edge in a volatile market, supporting a modest upside to its valuation. Investors are increasingly favoring midstream plays like KMI for their resilience amid geopolitical uncertainty.

What did this article say?

Kinder Morgan’s valuation at $30.77 appears low relative to its robust cash‑flow generation, suggesting a potential upside if the market fully incorporates the company’s fee‑based midstream model. The firm’s long‑term, predictable revenue streams support a higher intrinsic value, and analysts are questioning whether current sentiment has outpaced these fundamentals. A re‑evaluation of KMI’s valuation could lift the stock if investors recognize the stability of its cash flows.

What did this article say?

KMI is highlighted as one of three midstream pipeline operators that provide attractive dividend yields without the tax complications of a K‑1, making them suitable for IRA holdings. The article notes that a $50,000 allocation split among OKE, KMI, and WMB would generate roughly $1,861 in annual passive income at a blended yield of 3.72%. It emphasizes the stability of cash flow from fee‑based take‑or‑pay contracts, which insulate these operators from commodity price swings. No material guidance or earnings updates are discussed, so the piece offers a neutral view of KMI’s dividend profile.

What did this article say?

Kinder Morgan (KMI) aims to sanction at least $1.4 billion in new natural‑gas projects by year‑end, potentially rebuilding its backlog above $10 billion. Management projects U.S. gas demand to climb from 115 Bcf/d in 2025 to 160 Bcf/d by 2035, largely driven by LNG exports and power generation. The $9.6 billion backlog could generate roughly $1.7 billion in incremental EBITDA, with the biggest contribution expected in 2028‑2029. KMI plans to fund over $3 billion of annual expansion spending from cash flow while maintaining leverage near the low end of its target range.

What did this article say?

Kinder Morgan (KMI) ended the day at $31.41, down 1.78% amid a broader market decline. Analysts anticipate Q4 EPS of $0.33, a 13.8% YoY increase, and revenue of $4.49B, up 8.3% YoY. Full‑year guidance remains at $1.55 EPS and $18.49B revenue, underscoring confidence in continued growth. The stock’s decline is more pronounced than the S&P 500, yet the company’s earnings outlook remains mildly positive.

Technical Analysis

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Technical indicators reflect the latest computed signal mix for this timeframe.

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Institutional & Hedge Fund Ownership

25 tracked managers · $23.62B combined position · 14 adding, 9 trimming, 2 unchanged (latest 13F filings)

Manager	Trend	Shares Held	% of Co.	Position Value	Filed
Vanguard Group Inc	▲ Buy	210,281,448	9.70%	$5.78B	2026-01-29
BlackRock, Inc.	▲ Buy	175,834,246	8.11%	$5.62B	2026-08-07
Bank of America Corp	▼ Sell	61,455,987	2.84%	$1.96B	2026-08-14
Geode Capital Management, LLC	▲ Buy	55,692,758	2.57%	$1.77B	2026-08-12
Norges Bank	▼ Sell	37,596,771	1.73%	$1.20B	2026-08-12
JPMorgan Chase & Co	▲ Buy	33,263,410	1.53%	$1.07B	2026-08-12
Morgan Stanley	▲ Buy	30,476,699	1.41%	$974.34M	2026-08-13
Goldman Sachs Group Inc	▲ Buy	26,581,013	1.23%	$849.79M	2026-08-14
Blackstone Inc.	▲ Buy	26,068,839	1.20%	$833.42M	2026-08-14
Invesco Ltd.	▲ Buy	22,694,082	1.05%	$725.53M	2026-08-14
Northern Trust Corp	▼ Sell	17,728,713	0.82%	$566.79M	2026-08-13
FMR LLC (Fidelity)	▼ Sell	16,581,098	0.76%	$530.10M	2026-08-13
Wells Fargo & Company	▲ Buy	12,563,600	0.58%	$401.66M	2026-08-14
AQR Capital Management LLC	▲ Buy	11,610,534	0.54%	$371.19M	2026-08-14
Citadel Advisors LLC	• Hold	7,046,961	0.33%	$225.29M	2026-09-02
Susquehanna International Group, LLP	▼ Sell	5,514,170	0.25%	$176.29M	2026-08-14
D. E. Shaw & Co., Inc.	▼ Sell	4,143,623	0.19%	$132.47M	2026-08-14
Citigroup Inc	▲ Buy	3,123,080	0.14%	$99.84M	2026-08-03
AllianceBernstein L.P.	▼ Sell	2,048,755	0.09%	$68.69M	2026-08-14
Balyasny Asset Management L.P.	▼ Sell	1,591,078	0.07%	$50.87M	2026-08-14
Artisan Partners Limited Partnership	• Hold	1,665,125	0.08%	$48.95M	2025-08-12
Marshall Wace, LLP	▲ Buy	1,325,501	0.06%	$42.38M	2026-08-13
Renaissance Technologies LLC	▲ Buy	1,314,031	0.06%	$42.01M	2026-08-13
Gotham Asset Management, LLC	▲ Buy	1,099,537	0.05%	$35.15M	2026-08-14
Prudential Financial Inc	▼ Sell	931,534	0.04%	$29.78M	2026-08-12

Q2 2026 flow:15.88M sh bought ($508.06M)10.10M sh sold ($322.86M)net +5.78M sh (+$185.21M)

Congressional Trading Activity

15 disclosed trades · ~$120.0K est. traded value · 10 buys, 5 sells

Member	Chamber	State	Type	Amount	Traded	Filed
Richard W. Allen	House	GA12	▲ Buy	$1K - $15K	2026-02-19	2026-03-11
Gilbert Cisneros	House	CA31	▲ Buy	$1K - $15K	2026-02-10	2026-03-09
Gilbert Cisneros	House	CA31	▼ Sell	$1K - $15K	2026-01-09	2026-02-13
Marjorie Taylor Greene	House	GA14	▲ Buy	$1K - $15K	2025-10-24	2025-10-28
Gilbert Cisneros	House	CA31	▼ Sell	$1K - $15K	2025-09-05	2025-10-10
Gilbert Cisneros	House	CA31	▼ Sell	$1K - $15K	2025-08-05	2025-09-12
Ritchie John Torres	House	NY15	▼ Sell	$1K - $15K	2025-07-11	2025-08-20
Lisa McClain	House	MI09	▲ Buy	$1K - $15K	2025-07-10	2025-08-13
Gilbert Cisneros	House	CA31	▲ Buy	$1K - $15K	2025-05-30	2025-06-06
Marjorie Taylor Greene	House	GA14	▲ Buy	$1K - $15K	2025-05-05	2025-05-06
Gilbert Cisneros	House	CA31	▲ Buy	$1K - $15K	2025-04-29	2025-05-06
Dwight Evans	House	PA03	▼ Sell	$1K - $15K	2025-04-03	2025-04-17
Marjorie Taylor Greene	House	GA14	▲ Buy	$1K - $15K	2025-03-17	2025-03-19
Marjorie Taylor Greene	House	GA14	▲ Buy	$1K - $15K	2025-01-21	2025-01-27
Ritchie John Torres	House	NY15	▲ Buy	$1K - $15K	2024-09-26	2025-08-20

KMI·Kinder Morgan, Inc.

EPS

Revenue

KMI Stock Snapshot

What growth is priced into KMI?

What KMI's own history says about today's numbers

Is money rotating into or out of KMI's sector?

What is the options market pricing for KMI?

Are analysts turning bullish or bearish on KMI?

KMI Competitive Positioning

Held by These ETFs

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

Market Status

Recently Viewed

Portfolio

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Portfolio News

Economic Events

Earnings Events

Economic News

KMI·Kinder Morgan, Inc.

EPS

Revenue

KMI Stock Snapshot

What growth is priced into KMI?

What KMI's own history says about today's numbers

Is money rotating into or out of KMI's sector?

What is the options market pricing for KMI?

Are analysts turning bullish or bearish on KMI?

KMI Competitive Positioning

Held by These ETFs

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

Discover More

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

Discover More

Market Status

Recently Viewed

Portfolio

Email Alerts

Portfolio News

Economic Events

Earnings Events

Economic News