Kinder Morgan (NYSE:KMI) Issues Earnings Results

Kinder Morgan (NYSE:KMI) released its earnings results on Wednesday. The pipeline company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05, FiscalAI reports. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.22 billion. Kinder Morgan updated its FY 2026 guidance to 1.360-1.360 EPS.

Kinder Morgan Stock Performance

Shares of NYSE KMI traded up $0.11 during midday trading on Wednesday, hitting $32.49. 9,700,026 shares of the stock traded hands, compared to its average volume of 12,316,824. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. Kinder Morgan has a one year low of $25.60 and a one year high of $34.81. The firm has a market capitalization of $72.29 billion, a P/E ratio of 21.81, a PEG ratio of 2.71 and a beta of 0.54. The firm has a 50-day moving average of $32.29 and a two-hundred day moving average of $31.76.

Analysts Set New Price Targets

Several research analysts have issued reports on KMI shares. Truist Financial assumed coverage on shares of Kinder Morgan in a report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 target price for the company. Wolfe Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Weiss Ratings downgraded Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Zacks Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, Citigroup boosted their target price on Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, March 30th. Eight investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, Kinder Morgan currently has an average rating of “Hold” and a consensus price target of $34.71.

Insider Activity at Kinder Morgan

In other news, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total value of $48,732.00. Following the completion of the sale, the vice president directly owned 41,743 shares in the company, valued at $1,312,399.92. This represents a 3.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $32.41, for a total value of $199,840.06. Following the sale, the vice president directly owned 176,540 shares in the company, valued at approximately $5,721,661.40. This represents a 3.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,598 shares of company stock worth $693,689 over the last quarter. Insiders own 12.72% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

A number of large investors have recently made changes to their positions in KMI. Brighton Jones LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $308,000. Schnieders Capital Management LLC. grew its position in Kinder Morgan by 11.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock valued at $2,042,000 after acquiring an additional 7,081 shares during the last quarter. Abel Hall LLC purchased a new stake in Kinder Morgan in the fourth quarter worth $227,000. Cardiff Park Advisors LLC purchased a new stake in shares of Kinder Morgan during the third quarter valued at $223,000. Finally, AlphaCentric Advisors LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth about $216,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.