Kinder Morgan Inc Class P (KMI)

Over the past six months, Kinder Morgan, Inc.'s stock has experienced a price change of -2.32%. As of late October 2025, the stock price has seen fluctuations, with a recent daily change of 1.87% to $27.83. The 52-week high for KMI was $31.55, and the 52-week low was $15.91. Key events impacting the stock include the company's Q3 2025 earnings report, released on October 22, 2025, where it reported $0.29 earnings per share, meeting analysts' consensus estimates. Revenue for the quarter was $4.15 billion, surpassing the consensus estimate of $3.98 billion and representing a 12.1% year-over-year increase. The company also announced a quarterly dividend of $0.2925 per share, payable on November 17, 2025, marking a 2% increase over the 2024 dividend. Kinder Morgan is also investing $3.0 billion in expansion projects, acquisitions, and joint ventures throughout 2025. In July 2024, a subsidiary of Kinder Morgan commenced an open season for expanding the East Line portion of its pipeline system to enhance capacity from El Paso, TX, to Tucson, AZ, with projected operational status by July 1, 2025.

Demand for Kinder Morgan's products and services, particularly natural gas, exhibits seasonality. Strong demand for natural gas is driven by factors such as LNG exports, power generation needs, and the burgeoning AI data center industry. Winter heating demand significantly impacts natural gas consumption, leading to increased utilization of Kinder Morgan's extensive pipeline networks during colder months. The company is strategically positioned to benefit from rising U.S. natural gas demand and LNG export growth. Kinder Morgan is also expanding its capacity for refined petroleum products, aligning with growing demand in domestic and international markets. The company anticipates robust growth in natural gas demand, with projections suggesting a doubling of LNG feedgas demand between 2024 and 2030.

Kinder Morgan, Inc. operates as a leading energy infrastructure company in the midstream oil and gas industry, transporting and storing energy products. The company operates pipelines for natural gas, refined petroleum products, crude oil, carbon dioxide, and renewable fuels. Kinder Morgan also manages terminals that store commodities such as gasoline, diesel fuel, jet fuel, chemicals, vegetable oils, metals, petroleum coke, and ethanol. The Natural Gas Pipelines segment is a significant revenue generator.

Kinder Morgan's operations are extensive across North America, owning or operating approximately 79,000 miles of pipelines and 139 terminals. Its network transports natural gas, refined petroleum products, and other commodities across the region. Recent strategic expansions include the acquisition of a natural gas gathering and processing system in North Dakota, enhancing its presence in the Williston Basin area.

Kinder Morgan's brand reputation, as indicated by Smartkarma Smart Scores, suggests a positive long-term outlook, particularly in terms of Value and Dividend. The company's focus on natural gas pipelines and strategic acquisitions has contributed to its strong financial performance and positive market perception. Kinder Morgan has also been actively involved in proposing new pipeline projects to address fuel supply issues. However, a strategic risk identified is KMI's heavy reliance on the transportation and storage of fossil fuel products, which could be impacted by the global shift towards renewable energy sources. Navigating the energy transition and diversifying into renewable energy sectors are important for mitigating this weakness.

Major institutional owners of Kinder Morgan, Inc. include The Vanguard Group, Inc., holding 9.33% of shares; BlackRock, Inc., with 7.42% ownership; State Street Global Advisors, Inc., holding 5.17%; Geode Capital Management, LLC, owning 2.33%; Norges Bank Investment Management, with 1.78%; UBS Asset Management AG, holding 1.52%; Managed Account Advisors LLC, with 1.40%; Charles Schwab Investment Management, Inc., owning 1.34%; Orbis Investment Management Limited, with 1.02%; and JP Morgan Asset Management, holding 1.00%.