Kinder Morgan (KMI) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this oil and natural gas pipeline and storage company have returned +3.9%, compared to the Zacks S&P 500 composite's +2% change. During this period, the Zacks Oil and Gas - Production and Pipelines industry, which Kinder Morgan falls in, has gained 3.2%. The key quest ...

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Company Performance - Kinder Morgan (KMI) closed at $21.47, reflecting a +1.56% change from the previous day's closing price, outperforming the S&P 500's gain of 0.13% [1] - Over the past month, KMI shares increased by 0.28%, while the Oils-Energy sector declined by 2.9% and the S&P 500 rose by 3.67% [1] - The upcoming earnings report is expected to show an EPS of $0.27, an 8% increase year-over-year, with revenue anticipated at $3.82 billion, a 2.29% decrease from the same quarter last year [1] Earnings Estimates - For the fiscal year, Zacks Consensus Estimates project earnings of $1.19 per share and revenue of $15.28 billion, reflecting changes of +11.21% and -0.38% respectively from the prior year [2] - Recent analyst estimate revisions indicate positive sentiment towards Kinder Morgan's business operations and profit generation capabilities [2] Valuation Metrics - Kinder Morgan has a Forward P/E ratio of 17.7, which is a premium compared to the industry average Forward P/E of 17.38 [3] - The company holds a PEG ratio of 2.94, slightly below the industry average PEG ratio of 2.96 [3] Industry Context - The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector, holding a Zacks Industry Rank of 94, placing it in the top 38% of over 250 industries [4] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]

Kinder Morgan (KMI) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this oil and natural gas pipeline and storage company have returned -0.6%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Oil and Gas - Production and Pipelines industry, which Kinder Morgan falls in, has gained 2.7%. The key question now is: Wh ...

Kinder Morgan (KMI) ended the recent trading session at $21.12, demonstrating a -0.05% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 1.16% for the day. Meanwhile, the Dow experienced a rise of 1.2%, and the technology-dominated Nasdaq saw an increase of 1.16%.Prior to today's trading, shares of the oil and natural gas pipeline and storage company had gained 0.52% over the past month. This has outpaced the Oils-Energy sector's loss of 0.46% and ...

Core Insights - Kinder Morgan has one of the highest dividend yields in the S&P 500, currently exceeding 5%, significantly higher than the average yield of below 1.5% [1] - The company has increased its quarterly dividend rate to $0.2875 per share, marking a 2% increase from the previous year, and is set to distribute approximately $2.6 billion in cash dividends in 2024 [1] - Kinder Morgan's distributable cash flow is projected to be $5 billion, or $2.26 per share, which is an 8% increase from 2023, resulting in a dividend payout ratio of around 51% [1] Financial Position - The company will retain about $2.4 billion in excess free cash flow this year, which is sufficient to fund its annual growth capital spending plan of around $2 billion [2] - Kinder Morgan is expected to end the year with a leverage ratio of 3.9, within its long-term target range of 3.5 to 4.5 [2] - With increasing cash flows and a conservative financial profile, Kinder Morgan is well-positioned to continue enhancing its high-yielding dividend, making it an attractive option for investors seeking sustainable passive income [2]

Financial Data and Key Metrics Changes - The company expects its expansion capital program to be around $2 billion, with potential variations between $2 billion and $2.4 billion, indicating a stable financial outlook for future investments [49] - Current leverage is around four times, with expectations for it to drift lower over time as new projects come online, creating capacity for further share repurchases [51] Business Line Data and Key Metrics Changes - Kinder Morgan moves 40% of U.S. natural gas and serves about 20% of the power demand across the U.S., with 40% of the power demand within the Texas market, highlighting its significant market position [7] - The company has signed 1.2 Bcf per day of commitments for the Southern Natural Gas expansion project, which is a three Bcf per day project, indicating strong demand in the Southeast markets [11] Market Data and Key Metrics Changes - Wood Mackenzie projects natural gas demand to grow from 108 Bcf per day to 128 Bcf per day by 2030, with significant contributions expected from LNG and exports to Mexico [12] - The peak power demand in Texas increased from 70 gigawatts in 2018 to 86 gigawatts in 2023, reflecting a 16 gigawatt increase and indicating robust growth in power demand [6] Company Strategy and Development Direction - The company is focusing on expanding its natural gas infrastructure to meet increasing power demand driven by population migration and industrial growth in states like Texas and Arizona [4] - Kinder Morgan is also investing in renewable diesel and RNG assets, with ongoing projects aimed at enhancing its renewable fuel infrastructure [44][46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth of power demand, particularly from data centers and AI, and believes that the overall power demand is underestimated by some analysts [13][15] - The company is optimistic about the regulatory environment, noting recent positive rulings that could facilitate future projects [33][34] Other Important Information - The company has completed a 5 Bcf storage project and is looking at additional storage opportunities, indicating a proactive approach to increasing storage capacity amid growing market volatility [30] - The company is exploring both brownfield and greenfield storage projects, with expectations that greenfield storage will become viable as storage rates remain high [31] Q&A Session Summary Question: Can you provide insights on the macro backdrop for natural gas demand? - Management highlighted ongoing commercial discussions related to over five Bcf per day of opportunities, with 1.6 Bcf per day specifically tied to data center demand [2][3] Question: What is the status of the Southern Natural Gas expansion? - The company confirmed binding commitments of 1.2 Bcf per day for the expansion project, with an expected in-service date in late 2028 [11] Question: How does the company view the supply picture in the near and long term? - Management provided projections for supply growth from various regions, indicating a strong position to meet demand, particularly from the Eagle Ford and Permian basins [18][20] Question: What are the expectations regarding regulatory developments? - Management noted positive recent rulings and expressed optimism about navigating the regulatory landscape effectively [33][34] Question: Can you update on the renewable diesel and RNG projects? - The company reported progress in renewable diesel capacity and ongoing challenges in ramping up RNG facilities, with expectations for improved performance in the near future [44][46]

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It has been about a month since the last earnings report for Kinder Morgan (KMI) . Shares have added about 0.3% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Kinder Morgan due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Kinder Morgan Q2 Earnings Rise Y/YKinder Mor ...

Kinder Morgan (KMI) , North America's leading midstream energy company, boasts a stable business model, largely driven by take-or-pay contracts. Unlike upstream and downstream players, KMI's operations are minimally impacted by commodity price volatility, making it an appealing option for risk-averse investors.The critical question now facing investors is how to position themselves regarding the stock. Before addressing this, let's review some fundamental aspects of the large energy infrastructure firm.Take ...