Don't Let This Dividend Stock's High Yield Fool You. It Has the Fuel to Deliver High-Octane Growth Through 2030.

Core Viewpoint - Kinder Morgan is transitioning from a high dividend yield company to one poised for significant earnings growth due to increasing natural gas demand, which is expected to surge by 28 billion cubic feet per day (Bcf/d) by 2030, driven by various factors including power demand and industrial growth [2][4][3]. Industry Summary - Natural gas demand is projected to increase by 20 Bcf/d by 2030 according to Wood Mackenzie, influenced by rising export demand, power needs, and expanding industrial and residential consumption [3]. - Kinder Morgan's more optimistic forecast anticipates a demand increase of 28 Bcf/d, driven by coal-to-gas conversions and renewable energy backup needs [4]. Company Summary - Kinder Morgan operates the largest natural gas transmission network in the U.S., moving 40% of the gas produced and controlling 15% of storage capacity, which positions it well to meet increasing customer power needs [5]. - The company has secured contracts to approve approximately $5 billion in new natural gas pipeline projects, leading to a total backlog of$8.1 billion, with $7.2 billion specifically for natural gas projects, marking a 60$1.6 billion in cost, expected to significantly contribute to earnings growth by the end of the decade [7]. - Kinder Morgan anticipates a more than 10% increase in adjusted earnings per share this year, supported by ongoing projects and a robust pipeline expansion strategy [9]. - The company plans to raise its dividend by 2% this year, continuing its streak of eight consecutive years of dividend growth, with potential for higher growth in the future as gas demand surges [10]. - Overall, Kinder Morgan is positioned for a growth spurt, leveraging increasing gas demand to enhance its cash flow and dividend potential, making it an attractive long-term investment [11].