Is Kinder Morgan Stock Outperforming the S&P 500?

Core Insights - Kinder Morgan, Inc. (KMI) is a significant player in the North American midstream energy infrastructure sector, with a market cap of $58.8 billion and operations spanning natural gas, crude oil, and refined petroleum products [1][2] Company Overview - Kinder Morgan operates approximately 82,000 miles of pipelines and 139 terminals, categorizing it as a large-cap stock due to its substantial size and influence in the oil & gas midstream industry [2] Stock Performance - KMI stock has experienced a decline of 15.4% from its five-year high of $31.48 on January 21, and a 3.2% drop over the past three months, underperforming the S&P 500 Index, which gained 8.4% in the same period [3] - Year-to-date, KMI stock has dipped 2.8%, but has surged 26.1% over the past 52 weeks, although it has underperformed the S&P 500's 10.7% surge in 2025 [4] Financial Performance - In Q2 2025, Kinder Morgan reported revenues of $4 billion, a 13.2% year-over-year increase, surpassing expectations by 7.8%, driven by a favorable regulatory environment [5] - Adjusted net income for the quarter was $619 million, reflecting a 13% year-over-year increase, with adjusted EPS of $0.28 meeting consensus estimates [5] - Free cash flows decreased by 9.4% year-over-year to $1 billion, which may have contributed to a 1.5% drop in stock prices following the earnings release [5]