Mizuho Highlights Kinder Morgan’s (KMI) $9.3 Billion Project Backlog and 4.5% EBITDA CAGR

Group 1 - Kinder Morgan Inc. (NYSE:KMI) is recognized as one of the 9 hot energy stocks to buy, with Mizuho reducing its price target from $32 to $31 while maintaining an Outperform rating after the third-quarter earnings report [1] - The company reported earnings per share (EPS) of $0.29, slightly below analyst expectations of $0.30, but exceeded revenue estimates, particularly in its natural gas infrastructure division [1] - Mizuho highlighted Kinder Morgan's substantial project backlog of $9.3 billion, with $8.4 billion related to natural gas, indicating potential for higher growth if projects from the estimated $10 billion growing backlog are realized [2] Group 2 - Kinder Morgan Inc. operates as an energy infrastructure company, focusing on the transportation and storage of energy products through a comprehensive network of pipelines and terminals, handling natural gas, gasoline, crude oil, and various commodities [3] - Mizuho has upgraded its expectations for Kinder Morgan for the years 2025-2027 and initiated predictions for 2028-2029, forecasting a 4.5% adjusted EBITDA compound annual growth rate (CAGR) through 2029 [2]