KMI
Kinder Morgan Inc (KMI) Q2 2026 Earnings Call Highlights: Strong Financial Performance and ...
Article Summary
BUY- Kinder Morgan Inc. (NYSE: KMI) reported strong Q2 2026 results with both EBITDA and EPS exceeding prior year and budget expectations, driven by strong natural gas demand driven by LNG export volumes and rising demand for gas for electric generation.
- Cash flow from operations increased meaningfully year-to-date, supported by $3.45 billion in cash flow and $9.6 billion in growth backlog.
- Liquidity remained strong with a leverage ratio of 3.6 times, providing flexibility to fund growth projects while maintaining disciplined capital allocation.
- However, crude and condensate volumes declined due to the removal of Double H from service for NGL conversion, and the process of finalizing partnership agreements for the Western Gateway project has taken longer than anticipated.
- The temporary Jones Act waiver has added market uncertainty, although KMI's tanker fleet remains well contracted.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 12.4% | 25% | 50.0 ptsMeets Minimum (12.4%) - Passes screener |
| EPS Growth Next 5Y ? | 7.7% | 25% | 20.0 ptsWeak (7.7%) - Low expectations |
| Target Price Upside ? | 10.5% | 20% | 50.0 ptsMeets Minimum (10.5%) - Target: $35.89 vs Current: $32.49 |
| Gross Margin % ? | 35.4% | 15% | 60.0 ptsSolid (35.4%) - Decent margins |
| Drawdown from 52-Wk High ? | -6.7% | 15% | 20.0 ptsBarely a Dip (-6.7%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About KMI
- Kinder Morgan, Inc. operates as an energy infrastructure company primarily in North America.
- It operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments.
- The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.
- The Products Pipelines segment owns and operates refined petroleum products, and crude oil and condensate pipelines; and associated product terminals and petroleum pipeline transmix facilities.
- The Terminals segment owns and/or operates liquids and bulk terminals that stores and handles various commodities, including gasoline, diesel fuel, renewable fuel and feedstocks, chemicals, ethanol, metals, and petroleum coke; and owns tankers.
- The CO2 segment produces, transports, and markets CO2 to recovery and production crude oil from mature oil fields; owns interests in/or operates oil fields and gasoline processing plants; and operates a crude oil pipeline system in West Texas, as well as owns and operates RNG and LNG facilities.
- The company was formerly known as Kinder Morgan Holdco LLC and changed its name to Kinder Morgan, Inc. in February 2011.
- Kinder Morgan, Inc. was founded in 1997 and is headquartered in Houston, Texas.