Street View: Analysts see upside for Kinder Morgan as natural gas demand fuels project growth

Kinder Morgan

22/01/2026 12:55

** Kinder Morgan KMI beat fourth-quarter profit estimates on Wednesday, and it remains bullish on long-term natural gas demand

** Posts Q4 adjusted profit of 39 cents per share compared with analysts' estimate of 37 cents per share - data compiled by LSEG

BROKERAGES BULLISH ON NATGAS EXPANSION

** Barclays ("Neutral", PT: $32) says it would "not be surprised" if KMI pursued more opportunities levered towards LNG going forward

** Adds that the new Florida Gas Transmission projects, South Florida Project and Phase IX, "are consistent with KMI's low-risk, predominantly brownfield approach to expansion and expect many of the opportunities in the company's lengthy shadow backlog to follow a similar template"

RBC Capital Markets ("Sector Perform", PT: $30) says KMI remains well-positioned to benefit from increasing natural gas and power demand and its growing project backlog that can be funded from cash flow and balance sheet flexibility

     ** TD Cowen ("Buy") raises price target to $35 from $34

** Says combination of fourth-quarter beat and cold weather will help the company put up higher 2026 core profit numbers

(Reporting by Pranav Mathur in Bengaluru)

((Pranav.Mathur@thomsonreuters.com;))