Core Viewpoint - Kinder Morgan anticipates stronger financial performance in 2026, with an 8% increase in adjusted earnings per share and nearly $8.7 billion in adjusted EBITDA, driven by its natural gas pipeline expansion program [1][2]. Financial Projections - The company projects Adjusted EPS of $1.37 and Adjusted EBITDA of $8.7 billion for 2026, reflecting year-on-year increases of 8% and 4%, respectively, compared to its 2025 guidance [2]. - The planned annualized dividend is set to rise to $1.19 per share, marking the ninth consecutive year of increases [3]. Capital Expenditure and Funding - Capital expenditures are projected at $3.4 billion, primarily focused on natural gas infrastructure expansions and joint venture contributions, with discretionary spending funded largely through internally generated cash flow [4]. Industry Trends - The outlook highlights ongoing sector trends, including steady growth in North American gas demand, strong utilization of existing pipeline and storage assets, and multi-year expansion cycles driven by LNG export capacity additions [5]. - Kinder Morgan's extensive network of 79,000 miles of pipelines and over 700 Bcf of working gas storage positions the company to benefit from tightening U.S. gas logistics as new LNG terminals and regional load centers are developed [6]. Governance and Future Plans - The company's board has preliminarily reviewed the 2026 budget, with formal approval expected in January, coinciding with the fourth-quarter earnings meeting [7].

Core Insights - Kinder Morgan expects an 8% growth in adjusted profit for 2026 compared to the 2025 forecast, driven by strong natural gas demand [1] Company Summary - Kinder Morgan is a pipeline operator that is projecting significant profit growth due to increasing demand for natural gas [1]

Group 1 - Energy Transfer LP (NYSE:ET) is recognized as a premier natural gas play with strong underlying value, despite its stock price remaining stagnant around $17 [1] - The company operates extensive energy infrastructure, including nearly 107,000 miles of pipeline, 235 billion cubic feet of storage capacity, and over 70 natural gas processing and treatment facilities [1] - Energy Transfer LP provides a range of services including natural gas gathering, compression, treating, storage, transportation, and marketing [1] Group 2 - The potential of Energy Transfer LP as an investment is acknowledged, but certain AI stocks are believed to offer greater upside potential and carry less downside risk [2]

Company Performance - DT Midstream reported quarterly earnings of $1.04 per share, exceeding the Zacks Consensus Estimate of $0.98 per share, and showing an increase from $0.98 per share a year ago, representing an earnings surprise of +6.12% [1] - The company posted revenues of $309 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 3.34%, compared to year-ago revenues of $244 million [2] - Over the last four quarters, DT Midstream has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Future Outlook - The immediate price movement of DT Midstream's stock will depend on management's commentary during the earnings call and the earnings outlook for the coming quarters [3][4] - The current consensus EPS estimate for the upcoming quarter is $1.09 on revenues of $308.72 million, and for the current fiscal year, it is $4.19 on revenues of $1.24 billion [7] - The estimate revisions trend for DT Midstream was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Oil and Gas - Integrated - United States industry, to which DT Midstream belongs, is currently in the bottom 16% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor decisions [5]

Core Viewpoint - Wall Street anticipates flat earnings for DT Midstream in the upcoming quarter, with earnings expected to be $0.98 per share, unchanged from the previous year, while revenues are projected to increase by 22.6% to $299.03 million [3][11]. Earnings Expectations - The earnings report is set to be released on July 31, and if the results exceed expectations, the stock may rise; conversely, a miss could lead to a decline [2]. - The consensus EPS estimate has been revised down by 1.14% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows a positive Earnings ESP of +0.41% for DT Midstream, suggesting a likelihood of beating the consensus EPS estimate [11]. - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [9]. Historical Performance - In the last reported quarter, DT Midstream was expected to earn $1.07 per share but reported $1.06, resulting in a surprise of -0.93% [12]. - Over the past four quarters, the company has surpassed consensus EPS estimates two times [13]. Industry Context - National Fuel Gas, another player in the oil and gas sector, is expected to report earnings of $1.5 per share, reflecting a year-over-year increase of 51.5%, with revenues projected to rise by 47.8% to $617.15 million [17][18].

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for DT Midstream, driven by higher revenues, with a focus on how actual results will compare to estimates [1][2]. Earnings Expectations - DT Midstream is expected to report quarterly earnings of $1.07 per share, reflecting an 8.1% increase year-over-year [3]. - Revenue projections stand at $283.86 million, indicating an 18.3% rise from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 1.67% higher in the last 30 days, indicating a positive reassessment by analysts [4]. - The Most Accurate Estimate for DT Midstream is higher than the Zacks Consensus Estimate, suggesting a bullish outlook from analysts [10]. Earnings Surprise Prediction - The Earnings ESP for DT Midstream is +0.84%, indicating a likelihood of beating the consensus EPS estimate [11]. - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [8]. Historical Performance - In the last reported quarter, DT Midstream exceeded the expected earnings of $0.91 per share, achieving $0.94, resulting in a surprise of +3.30% [12]. - Over the past four quarters, the company has surpassed consensus EPS estimates three times [13]. Conclusion - DT Midstream is positioned as a compelling candidate for an earnings beat, but investors should consider additional factors before making investment decisions [16].