
Kinder Morgan (KMI) Stock Forecast & Price Target
Kinder Morgan (KMI) Analyst Ratings
Bulls say
Kinder Morgan is a well-diversified company with a strong focus on natural gas infrastructure, allowing it to benefit from the growing demand for this energy source. Its ~$10 billion project backlog is primarily focused on natural gas projects, and its leverage capacity and commitment to supporting LNG supply to its customers position it well for future growth. Additionally, KMI has a strong sustainability strategy and diverse representation in its workforce, mitigating risks such as regulatory changes and maintaining its reputation as a high-quality company. However, risks do exist, such as potential declines in commodity prices, and the company's recent increase in expected annual growth capex could lead to upward bias in the future. Overall, the company has a promising outlook and we initiate coverage with a Hold rating and $38 price target, representing an 11.8x EV/EBITDA multiple for 2026.
Bears say
Kinder Morgan is a well-diversified energy infrastructure company with a strong asset footprint and a growing backlog of projects, positioning it for long-term cash flow growth. However, current valuations already reflect this growth, and we believe the company may struggle to steal market share from established players during this challenging time for the industry. Additionally, while the recent winter storm may provide some temporary uplift, we do not expect it to have the same magnitude of impact as the Uri storm of 2021.
This aggregate rating is based on analysts' research of Kinder Morgan and is not a guaranteed prediction by Public.com or investment advice.
Kinder Morgan (KMI) Analyst Forecast & Price Prediction
Start investing in Kinder Morgan (KMI)
Order type
Buy in
Order amount
Est. shares
0 shares