Street View: Analysts positive as Kinder Morgan delivers in-line 2026 forecast

Kinder Morgan

09/12/2025 13:43

** Pipeline operator Kinder Morgan KMI.N on Monday forecast higher 2026 profit compared with the 2025 outlook on the back of strong natural gas demand

** KMI's median PT is $31.00

BROKERAGES BULLISH ON 2026 EXPECTATIONS

**  RBC Capital Markets ("sector perform", PT: $30) says given the growth of KMI's non-commodity price sensitive businesses, it believes that changes in commodity prices would not materially impact the full-year adjusted core profit

** UBS ("buy") views the year-on-year increases in core profit and distributable cash flow positively

** Adds that KMI appears well positioned to benefit from growing demand for natural gas for both power and LNG needs

** Jefferies ("hold", PT: $30) believes that the street is more focused on KMI's project backlog, as opposed to its near-term earnings trajectory, given the long-cycle nature of natural gas pipeline investments

** Brokerage overall finds KMI's preliminary budget to be in-line with expectations pending commentary around its higher-than-expected growth capex budget

 (Reporting by Dharna Bafna in Bengaluru)

 ((dharna.bafna@thomsonreuters.com))