Kinder Morgan, IncNYSE: KMI
Energy · Oil & Gas Storage & Transportation
$31.24
-6.75%
Vol: 1.0M
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21FERC issued environmental assessment schedule notice for Kinder Morgan Louisiana's Texas Access Project on May 20Positive▶
On May 20, 2026, the Federal Energy Regulatory Commission published a Federal Register notice on the schedule for preparing an environmental assessment for Kinder Morgan Louisiana Pipeline's Texas Access Project, which would enable up to 1,300,000 dekatherms/day of natural gas transport from new Texas interconnections. KMI shares closed up on May 19, rising from $33.78 to $34.31 — its seventh consecutive daily gain. The 2026 Annual Stockholder Meeting on May 13 saw shareholders approve all board, auditor, and say-on-pay proposals. Earlier insider activity included a small VP-level sale of 1,550 shares on May 18.
May 20Kinder Morgan paid its raised $0.2975 dividend May 15 and is presenting at the EIC Energy Infrastructure Investor Conference May 19, while a Texas pipeline-explosion lawsuit weighs on sentiment.Mixed▶
Kinder Morgan completed its May 13, 2026 Annual Stockholders Meeting and paid the Q1 dividend of $0.2975 ($1.19 annualized, +2% YoY) on May 15. Representatives are meeting investors at the EIC Annual Energy Infrastructure Investor Conference on May 19, with another appearance lined up at the Bernstein Strategic Decisions Conference on May 27. Q1 net income reached $976M (vs $717M a year ago) with EPS up 38% YoY, and analysts have set price targets in a $31-$39 range with several Strong Buy ratings as LNG demand and geopolitical tensions support natural gas economics. A new lawsuit was filed against Kinder Morgan entities after the April 22, 2026 pipeline explosion near Edna, Texas, with a temporary restraining order issued to preserve the site, creating a modest legal overhang. After six straight sessions of losses, KMI rebounded ~3% recently.
May 19No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 18Kinder Morgan held annual meeting May 13 and paid $0.2975 Q1 dividend (2% higher YoY), but faces lawsuit over April 22 Edna, Texas pipeline explosion with temporary restraining order issued.Mixed▶
Kinder Morgan held its 2026 Annual Meeting of Stockholders on May 13, 2026 in Houston. The board's previously approved Q1 cash dividend of $0.2975 per share ($1.19 annualized, +2% YoY) was paid May 15 to shareholders of record May 4. Q1 2026 EPS was up 38% and adjusted EPS up 41% versus Q1 2025. A lawsuit was filed against Kinder Morgan entities following an April 22, 2026 pipeline explosion near Edna, Texas, with a temporary restraining order issued to preserve the site and restrict changes to pipeline components within 100 feet. Shares rose 3.3% to $32.45 on May 12 and reached $33.36 on May 17. Recent analyst price targets cluster in the $31-$39 range, with optimism around a $10B project backlog tempered by valuation concerns. The company is scheduled to present at EIC Annual Energy Infrastructure Investor Conference May 19 and Bernstein Strategic Decisions Conference May 27.
May 15Kinder Morgan's $0.2975/share Q1 dividend pays today (May 15) as Phillips 66 JV Western Gateway Pipeline secures shipper commitments.Positive▶
Kinder Morgan's $0.2975 per share quarterly dividend ($1.19 annualized) is payable today, May 15, 2026. Phillips 66 and Kinder Morgan secured enough long-term shipper commitments to advance the Western Gateway Pipeline to supply fuel to Arizona and California. The expansion backlog reached $10.1B, including the Monument Pipeline acquisition set to close. Q1 2026 was strong with adjusted EPS up 41% and EBITDA up 18% year-over-year and revenue of $4.83B beating consensus. Average analyst rating Buy. Risk: a lawsuit was filed against Kinder Morgan entities after the April 22 pipeline explosion near Edna, Texas.
May 14Kinder Morgan faces lawsuit over April 22 Texas pipeline explosion as shares rebound to $32 on rising LNG demand and project backlog growthMixed▶
A lawsuit was filed against Kinder Morgan entities following an April 22, 2026 pipeline explosion near Edna, Texas, with a temporary restraining order issued to preserve the site and restrict changes within 100 feet of affected pipeline components. On May 11, KMI shares rose 2.29% to $32.13, breaking a six-session losing streak as oil prices climbed; SFE Investment Counsel raised its position by 18.7% per 13F. The board approved a $0.2975 quarterly dividend payable May 15 (2% YoY increase), and a $10.1B sanctioned backlog plus a similar shadow backlog supports growth narratives. Analyst targets cluster between $31 and $39 with Moderate Buy consensus and a 12-month median of $33.69. Risk: legal liability from the Texas explosion and timing uncertainty on the project backlog cash flow.
May 13Kinder Morgan rose 2.29% to $32.13 on May 11 amid oil-price strength, with the AGM held May 13 and a $0.2975 dividend payable May 15.Positive▶
Kinder Morgan stock climbed 2.29% to $32.13 on May 11, breaking a six-session losing streak as oil prices firmed. The board approved a Q1 cash dividend of $0.2975 ($1.19 annualized, +2% YoY) payable May 15. Q1 adjusted EPS rose 41% YoY and management flagged FY26 EBITDA running ~3% above budget. Annual Meeting of Stockholders was held in Houston on May 13. Operationally, COO succession is underway with James Holland retiring Sept 4 and Ken Grubb taking over; Western Gateway Pipeline second open season closed successfully with Phillips 66 in late April.
May 12Kinder Morgan rose 2.29% to $32.13 on May 11 breaking a six-day losing streak as oil prices climbed, with $0.2975 quarterly dividend payable May 15.Positive▶
KMI shares rose 2.29% to $32.13 on May 11, breaking a six-day losing streak as oil prices climbed. The board's Q1 cash dividend of $0.2975/share ($1.19 annualized, +2% YoY) is payable May 15 to holders of record May 4. Q1 2026 results showed EPS of $0.44 (+38% YoY) and adjusted EPS of $0.48 (+41% YoY). VP Schlosser disclosed a $199,840 share sale. Management announced that COO James Holland will retire effective September 4, 2026, with VP and Chief Project Officer Ken Grubb succeeding him. Kinder Morgan also participated in the Barclays Americas Select Conference on May 5, and Moody's upgraded the senior unsecured rating to Baa1 (stable) from Baa2 in March.
May 11Kinder Morgan VP Schlosser sold $199,840 in shares as the company readies a $0.2975 dividend payable May 15 and prepares for COO James Holland's September retirement.Positive▶
Kinder Morgan VP Schlosser disclosed a $199,840 share sale, while the board's $0.2975 first-quarter dividend (annualized $1.19, up 2% YoY) is payable May 15. COO James Holland announced his retirement effective September 4, 2026 and will be succeeded by VP and Chief Project Officer Ken Grubb. Q1 2026 results showed adjusted EPS of $0.48 (vs $0.39 est, +23%), net income of $976M, adjusted EBITDA up 18%, and EPS up 38% YoY. The company also agreed to acquire the Monument pipeline system in Texas for ~$500M and benefits from a March Moody's upgrade to Baa1 stable. KMI shares traded around $31.41 on May 11. Risk: legal challenges from a Texas pipeline explosion raise safety/compliance concerns.
May 8Kinder Morgan delivers Q1 adjusted EPS +41% YoY to $0.48, increases dividend 2%, Moody's upgrades to Baa1Positive▶
KMI reported Q1 adjusted EPS of $0.48, up 41% versus prior year; EBITDA grew 18%, both outperforming budget. Dividend increased 2% to $0.2975 per share ($1.19 annualized). Moody's upgraded senior unsecured rating to Baa1 (stable) from Baa2 (positive), now BBB+ equivalent at all three agencies. COO James Holland retiring Sept 4; Ken Grubb replacing him. Company acquiring Monument pipeline (Texas) for ~$500M, supported by long-term contracts. Analyst consensus: Buy, target $33.69 (+6.89%); Jefferies holdout with Hold rating at $34.
May 6Kinder Morgan Q1 earnings beat with 41% EPS surge and dividend raise support data center demand tailwindsPositive▶
Kinder Morgan reported higher Q1 profit with adjusted EPS surging 41% and EBITDA rising 18% year-over-year, with all segments outperforming budget. The company transports 40% of U.S. natural gas, operates a $9.3B project backlog, and plans to spend up to $3B in growth capital. Monument Pipeline acquisition set to close soon. Expansion backlog reached $10.1B. Rising AI-driven power demand from data centers and record LNG exports are supporting long-term growth. Kinder Morgan raised dividend post-earnings. Analyst consensus rates KMI as 'Buy' with 12-month target of $33.69, representing 6.58% upside. Stock has delivered strong 26.9% return over past six months near 52-week highs.
May 5Kinder Morgan reports strong Q1, raises dividend, guides 4% EBITDA growth for 2025-2026Positive▶
Kinder Morgan reported strong results with adjusted EPS surging 41% and EBITDA rising 18% YoY. Announced cash dividend of $0.298 with ex-date May 4. Guidance projects 4% EBITDA and 8% earnings growth from 2025-2026. Company has $9.3B project backlog and plans to spend up to $3B growth capital. Transports 40% of U.S. natural gas meeting rising demand from LNG exports and AI data center electricity needs. Consensus rating "Moderate Buy" with $34.20 target.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| WMBWILLIAMS | $71.03 | -8.37% | -0.2% | 30.1x | 0.63 | $94.8B |
| KMIKINDER | $31.24 | -6.75% | -0.8% | 21.9x | 0.56 | $74.5B |
| OKEONEOK | $87.94 | -5.06% | -1.2% | 14.9x | 0.76 | $58.4B |
| TRGPTARGA | $265.70 | -1.68% | -1.6% | 22.6x | 0.74 | $58.0B |
| XOMEXXON | $139.08 | -10.44% | -3.2% | 14.9x | 0.18 | $643.7B |
| CVXCHEVRON | $179.14 | -6.21% | -2.6% | 15.7x | 0.50 | $380.4B |
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