KMI - Kinder Morgan Inc - Class P

NYSE · Energy · Oil & Gas Midstream

$32.02

Market Closed

End of day · Apr 17, 2026, 12:00 AM

Active

Resolved

Bull

Bear

About

Kinder Morgan, Inc. operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities. The Products Pipelines segment owns and operates refined petroleum products, and crude oil and condensate pipelines; and associated product terminals and petroleum pipeline transmix facilities. The Terminals segment owns and/or operates liquids and bulk terminals that stores and handles various commodities, including gasoline, diesel fuel, renewable fuel stock, chemicals, ethanol, metals, and petroleum coke; and owns tankers. The CO2 segment produces, transports, and markets CO2 to recovery and production crude oil from mature oil fields; owns interests in/or operates oil fields and gasoline processing plants; and operates a crude oil pipeline system in West Texas, as well as owns and operates RNG and LNG facilities. It owns and operates approximately 83,000 miles of pipelines and 140 terminals. The company was formerly known as Kinder Morgan Holdco LLC and changed its name to Kinder Morgan, Inc. in February 2011. Kinder Morgan, Inc. was founded in 1936 and is headquartered in Houston, Texas.

https://www.kindermorgan.com

KMI - Kinder Morgan Inc - Class P

Energy

I've been tracking KMI for a while, and the recent price action is pretty telling. After spending much of last year bouncing between 25 and 28, it finally broke out at the start of 2026, running from 29.59 in January to 33.39 just a couple weeks ago. That kind of steady, low-volatility climb isn't something you see unless the fundamentals are backing it up, and my read is that the market is re-rating Kinder Morgan's pipeline assets as the energy sector stabilizes. The core reason I'm bullish at 32.84 is that KMI's cash flow profile remains extremely attractive versus its peers. Their contract structure gives them visibility on revenue even if spot prices fluctuate, and with natural gas demand holding up through a mild winter, the base case stays solid. I'm also seeing leverage metrics improve, and management's focus on returning cash to shareholders via buybacks and a reliable dividend gives this real defensive appeal. I get that the risk is regulatory. If we get a left-field announcement about major permitting changes or new EPA restrictions, that could hit sentiment hard, especially given how much of KMI's growth capex is still tied to expansion projects in regions like Texas and the Southeast. That said, the company has navigated these waters before, and I don't think the current policy environment is as hostile as some fear. Upcoming Q2 results are the near-term catalyst. If distributable cash flow guidance comes in at or above the upper end, I think we see momentum continue. I'm targeting 37.65 in the next 10 weeks a move that sounds aggressive but is well within the recent trend's range, especially if the broader market stays constructive on energy infrastructure.

Entry

$32.84

Above

$37.65

Jun 1, 2026

Karma

122 to 17261

Bullish

Open

Vote