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$KMI

25 stories mentioning KMIUpdated 26d ago

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Research

Research Alert: Kmi: Natural Gas Is Hitting On All Cylinders

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:KMI delivered a solid Q1 earnings beat with adjusted EPS of $0.48 vs. $0.34, beating consensus by $0.09, while adjusted EBITDA of $2.54B rose 18% Y/Y. Natural gas segment results were strong, with transport volumes up 8% and gathering volumes surging 15%, though crude oil and condensate volumes fell 12%. We think near-term demand for natural gas logistics remains acute, driven by LNG exports and data center expansion, with pipeline utilization at 90% vs. 74% a decade ago. KMI reiterated 2026 guidance for adjusted EPS of $1.36 (+5%) and EBITDA of $8.6B (+2%), though management noted the company is tracking 3% above that pace. Project backlog edged higher to $10.1B with 92% tied to natural gas projects. The balance sheet continues improving with net debt-to-EBITDA falling to 3.6x from 3.8x, while free cash flow surged 73% to $687M. We believe the company has the financial flexibility for continued dividend growth or debt reduction, with the quarterly dividend up 2% to $0.2975.

$KMI
Commodities

Phillips 66, Kinder Morgan Push Western Gateway Project to Supply West Coast Markets

Phillips 66 (PSX) and Kinder Morgan (KMI) said Monday they are advancing the Western Gateway Pipeline after securing shipper commitments, targeting refined product flows to western US markets.The companies said the project moved forward after a successful open season attracted sufficient long-term commitments, pending final agreements and board approvals.The Western Gateway Pipeline is planned to connect Midwest and Gulf Coast refineries into key markets in Phoenix and California, while also linking into Las Vegas through Kinder Morgan's California-Nevada Pipeline.The development combines a newly built line from Borger, Texas to Phoenix with the conversion of Kinder Morgan's Santa Fe Petroleum Pipeline between Colton and Phoenix, enabling products to move westward into California.Feedstock will originate from refinery networks connected at Borger, Texas, with Phillips 66's Gold Pipeline set to be reversed to redirect product flows toward Borger and supply the new system.Phillips 66 Chief Executive Officer Mark Lashier said strong customer participation highlights the project's role in meeting long-term fuel transport needs, adding it is expected to enhance supply flexibility and reliability across West Coast markets.Kinder Morgan Chief Executive Officer Kim Dang said the firm will use its existing pipeline network to support growth in Arizona and California, leveraging its footprint to deliver an efficient transport solution.

$KMI$PSX
Sectors

Sector Update: Energy Stocks Advance Premarket Monday

Energy stocks were advancing premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.6% higher.The United States Oil Fund (USO) was up 3.9% and The United States Natural Gas Fund (UNG) was 0.3% higher.Front-month US West Texas Intermediate crude oil was 5.8% higher at $88.68 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 5.1% to $94.95 per barrel, and natural gas futures were up 1.6% at $2.72 per 1 million British Thermal Units.Eni (E) shares were up 0.7% after the company said it has made a gas discovery in the Kutei Basin off the coast of Indonesia.Phillips 66 (PSX) and Kinder Morgan (KMI) said they are advancing the proposed Western Gateway Pipeline after a successful second open season secured sufficient long-term shipper commitments, subject to final approvals. Phillips 66 stock was up more than 1% premarket.Sable Offshore (SOC) shares were up more than 3% after the company said capital expenditure across its assets is expected to be around $180 million from April through December this year.

$E$KMI$PSX$SOX$UNG$USO$XLE
Equities

Phillips 66, Kinder Morgan Advance Western Gateway Pipeline Toward 2029 Start

Phillips 66 (PSX) and Kinder Morgan (KMI) said Monday they are advancing the proposed Western Gateway Pipeline after a successful second open season secured sufficient long-term shipper commitments, subject to final approvals.The project will transport refined products from Midwest and Gulf Coast hubs to Arizona and California, with connectivity to Nevada, including a new Borger-to-Phoenix pipeline and the reversal of existing lines to support westward flows.The Western Gateway Pipeline is targeting a mid-2029 in-service date, the companies added.

$KMI$PSX
Wire

TD Cowen Adjusts Kinder Morgan Price Target to $37 From $35, Maintains Buy Rating

Kinder Morgan (KMI) has an average rating of overweight and mean price target of $35.50, according to analysts polled by FactSet.Price: $31.41, Change: $-0.38, Percent Change: -1.20%

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