Kinder Morgan Inc Class P (KMI)

Kinder Morgan's stock price has fluctuated over the past six months. Key events impacting the stock include the Third Quarter 2025 Earnings Report, which met Wall Street estimates but saw a slight dip in after-hours trading. The announcement of 2026 financial expectations, including adjusted EPS guidance and adjusted EBITDA, encouraged growth in the LNG and power sectors. The Western Gateway Pipeline Project, a collaboration with Phillips 66, aims to transport fuels from Texas to Arizona and California. S&P Global Ratings raised Kinder Morgan Inc.'s long-term issuer credit ratings to 'BBB+' from 'BBB', citing the company's strong balance sheet and expansion of its natural gas franchise.

Demand for Kinder Morgan's products and services, particularly natural gas, is influenced by seasonality. Natural gas demand is expected to grow significantly through 2030, driven by LNG exports and the natural gas power generation sector. Kinder Morgan has long-term contracts to move a significant volume of natural gas to LNG facilities, with this amount projected to increase by the end of 2028. Approximately 50% of the company's project backlog is associated with supporting power generation. The company's contract structure provides stability, with a significant portion of its natural gas business segment's EBITDA coming from take-or-pay contracts.

Kinder Morgan, Inc. (KMI) is a major North American energy infrastructure company specializing in oil and gas pipelines and terminals. It operates in the oil and gas midstream industry with an extensive network of pipelines and terminals, transporting and storing various commodities. The company is the largest natural gas pipeline operator in the United States, handling a significant portion of the country's natural gas consumption.

Kinder Morgan's operations primarily span the United States and Canada, with natural gas pipelines connecting producing regions to demand centers across the continental United States. The Trans Mountain pipeline, previously a significant asset in Canada, is now publicly owned and operated.

Kinder Morgan has focused on its commitment to sustainability and environmental responsibility, publishing its 2024 Sustainability Report and highlighting initiatives from its greenhouse gas (GHG) reduction opportunities working group (GROW). This included a strategic investment in Flyscan, a company developing technology to detect methane leaks on pipelines. The report also outlined increased employee engagement activities.

Kinder Morgan, Inc. is primarily owned by institutional investors, who collectively hold a majority of the stock. Individual insiders also hold a significant portion, with retail investors holding the remaining shares. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. The largest individual shareholder is Richard D. Kinder, the Executive Chairman.