Kinder Morgan Inc Class P (KMI)

Over the past six months, Kinder Morgan's stock price increased by 23.37%. The company's project backlog has grown to $9.3 billion, with natural gas projects accounting for approximately 93% of this backlog. Analyst ratings and price targets have seen adjustments from Morgan Stanley, Scotiabank, BMO Capital, Stifel, JP Morgan and Wolfe Research. Kinder Morgan announced a quarterly dividend of $0.2925 per share, paid on August 15, 2025, representing an annualized dividend of $1.17 and a dividend yield of 4.1%.

Demand for Kinder Morgan's products and services, particularly natural gas, is influenced by seasonal variations. Natural gas demand is projected to grow significantly, driven by LNG exports, power generation, and industrial use, with higher demand during colder months. Kinder Morgan's extensive natural gas storage capacity is useful in managing supply and demand fluctuations. The company's business model is characterized by highly contracted, fee-based cash flows, providing significant revenue stability.

Kinder Morgan, Inc. is a major energy infrastructure company operating primarily in the Utilities and Oil & Gas Midstream sectors. The company owns and operates an extensive network of pipelines and terminals across North America, transporting and storing natural gas, LNG, refined petroleum products, crude oil, CO2, ethanol, biodiesel, and hydrogen. It also handles and stores bulk materials. Kinder Morgan is the largest natural gas pipeline operator in the United States, moving approximately 40% of the natural gas consumed in the country.

Kinder Morgan's operations span across North America, with a significant presence in the United States, parts of Canada, and Mexico. The company's extensive network includes approximately 79,000 miles of pipelines and 139 terminals. Its natural gas pipeline systems are critical for transporting gas across various U.S. regions, including Texas, and to export markets.

There were no specific events or controversies explicitly detailed that negatively impacted Kinder Morgan, Inc.'s brand reputation in the past year. The company's 2024 Sustainability Report highlighted new initiatives for greenhouse gas reduction and increased employee engagement activities. Kinder Morgan acknowledges general reputational risks that could be exacerbated by public opposition to projects.

Kinder Morgan, Inc. has a diverse ownership structure, with institutional investors holding approximately 66.52% to 68% of the stock. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. Insiders own approximately 12.73% to 16.31% of the stock, with Richard D. Kinder being the largest individual shareholder. Retail investors hold approximately 17.17% of the shares.