Kinder Morgan (KMI)
NYSEEnergyOil & Gas MidstreamSnapshot 2026-10-29
$33.97+1.22%
Close 2026-10-29 · 1-day change
NYSEEnergyOil & Gas MidstreamSnapshot 2026-10-29
Research Workspace
Put KMI beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Energy is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Adjusted EBITDA of $8.6 billion in 2026, up 2% from 2025: Direct metric needs a verified mapping.
View ThesisRevenue growth is accelerating — up about 12% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look high — the market is pricing in about 22% growth a year, above the roughly 1% analysts expect, leaving little room for error.
View ValuationModerate volatility — typically moves about 1% a day.
View RiskKMI’s natural gas infrastructure projects must enter service to support growth and dividend increases. Revenue growth eased from 13.0% to 10.8%, while the latest quarter’s earnings beat consensus. KMI trades at 21× P/E versus a 22× peer median, near its 21× historical multiple. Yet the market is pricing in more growth than our forecast. Our model puts the next-quarter miss probability at 25.0%. Its 2026 adjusted EBITDA pillar is under pressure, though the metric mapping needs verification. Peer multiples imply a price about 21% below where it trades; the thesis is on watch. This read is provisional.
Trailing returns as of 2026-10-29. KMI is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 26 analysts currently covering KMI (as of Oct 2026).
Based on 5 Wall Street analysts offering 12-month price targets for KMI in the last 4 months.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| KMI Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 12 valuation methods, at three horizons. As of 2026-10-29. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Oil & Gas Storage & Transportation — fair value, gap to price, and forward P/E.
Compare the value case
Put KMI next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Execute and place natural gas infrastructure projects into service
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-29. EPS is implied from price ÷ P/E. Not investment advice.
Current $33.97
The last 12 months of price, then the range of analyst 12-month targets from today’s $33.97.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Above average on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Large project backlog and capacity targets support execution and future infrastructure growth.
Advances: Expand natural gas infrastructure to meet rising demand
Substantial pipeline investment supports rising gas demand, though execution and funding remain key.
Advances: Maintain strong financial performance with growth in Adjusted EPS and EBITDA
EPS and revenue beat expectations, supporting financial performance, though the headline alone does not establish durable growth.
Advances: Execute and place natural gas infrastructure projects into service
Lifting force majeure supports natural gas infrastructure project execution.
Positive analyst rating supports growth outlook for KMI.
Advances: Grow dividend consistently with 2% annual increases
Payout ratio rebound supports consistent dividend growth.
Threatens: Execute and place natural gas infrastructure projects into service
Price target cut due to project timing concerns.
Advances: Grow dividend consistently with 2% annual increases
Consistent dividend growth supports capital allocation objective.
