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KMIKinder Morgan, Inc.Hold5.6·$32.82+2.31%
HoldModerate Confidence
Investment thesis

Kinder Morgan offers durable margins and two recent meaningful earnings beats in a stable midstream infrastructure business, but minimal remaining upside at current prices, a free cash flow shortfall relative to reported earnings, and a dividend safety concern limit the case for adding exposure.

Thesis pillars

  • Durable Operating Margin ProfileStable
  • Dividend Yield Safety ConcernStable
  • Improving Earnings ExecutionStable
  • +1 more pillar — see the Why tab for full reasoning

Full reasoning →

Open full analysis

Kinder Morgan, Inc. (KMI) Stock Analysis

Breakout setup

HoldGrowthQualityModerate Confidence

Energy · Oil & Gas Midstream

Hold if already holding. Not a fresh buy at $32.82, but acceptable to hold if already in. Reason: Analyst target reached - limited upside remaining.

Kinder Morgan, Inc. operates as an energy infrastructure company primarily in North America. It operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas... Read more

$32.82-2.3% A.UpsideScore 5.6/10#37 of 46 Oil & Gas Midstream
QualityF-score7 / 9FCF yield1.47%
IncomeYield3.68%(5y avg 5.50%)Payout75.81%
Stop $31.54Target $37.74(default +15%)A.R:R -0.4:1
Analyst target$35.62+8.5%21 analysts
$37.74our TP
$32.82price
$35.62mean
$31
$43

Hold if already holding. Not a fresh buy at $32.82, but acceptable to hold if already in. Reason: Analyst target reached - limited upside remaining. Chart setup: Golden cross, above all MAs, RSI 65, MACD bullish. Maintain position. Not compelling to add more. Score 5.6/10, moderate confidence.

Passes 5/7 gates (positive momentum, clean insider activity, earnings proximity 74d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.

news + 30-day 8-K events · 5-min refresh

Recent developments

updated 2026-08-15
TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Wed, Oct 28, 202674d to earnings· next earnings call

Thesis

Rewards
Strong earnings beat streak (3/4)
Positive momentum
Risks
Analyst target reached - limited upside remaining

Key Metrics

P/E (TTM)21.2
P/E (Fwd)21.4
Mkt Cap$73.0B
EV/EBITDA14.0
Profit Mgn19.3%
ROE11.0%
Rev Growth10.8%
Beta0.55
Dividend3.68%
Rating analysts28

Quality Signals

Piotroski F7/9MoatNarrow

Options Flow

P/C0.80neutral
IV32%normal
Max Pain$40+21.9% vs spot

Material Events(8-K, last 90d)

  • 2026-04-22Item 5.02MEDIUM
    James E. Holland, COO since July 2020, to retire September 4, 2026. Kenneth W. Grubb, VP and Chief Project Officer, named as successor COO effective the same date. No reason cited beyond retirement.
    SEC filing →

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.

Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.

Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.

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Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.

Methodology · Editorial policy & full disclaimer

Rating Breakdown

2 floor-breakers

Technicals below the gate floor. Component breakdown shows what dragged the score down.static

Bollinger
0.0
Support Resistance
0.6
52w Position
9.0

Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static

Growth Rank
2.4
Value Rank
3.3
Quality Rank
3.4
GatesA.R:R -0.4=NEGATIVEExecutive change: officer departure/appointmentMomentum 7.0>=5.5Insider activity: OKEARNINGS PROXIMITY 74d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARBreakoutSuitability: Moderate
RSI
65 · Neutral
20D MA 50D MA 200D MAGOLDEN CROSSSupport $30.68Resistance $32.95

Price Targets

$32
$38
A.Upside-2.3%
A.R:R-0.4:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Target reached (-2.3% upside)
! Negative risk/reward — downside exceeds upside

Earnings

B
B
B
M
3/4 beats
Next Earnings2026-10-28 (74d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is KMI stock a buy right now?

Hold if already holding. Not a fresh buy at $32.82, but acceptable to hold if already in. Reason: Analyst target reached - limited upside remaining. Chart setup: Golden cross, above all MAs, RSI 65, MACD bullish. Maintain position. Not compelling to add more. Target $37.74 (+15.0%), stop $31.54 (−4.1%), A.R:R -0.4:1. Score 5.6/10, moderate confidence.

What is the KMI stock price target?

Take-profit target: $37.74 (-2.3% upside). Target $37.74 (+15.0%), stop $31.54 (−4.1%), A.R:R -0.4:1. Stop-loss: $31.54.

What are the risks of investing in KMI?

Analyst target reached - limited upside remaining.

Is KMI overvalued or undervalued?

Kinder Morgan, Inc. trades at a P/E of 21.2 (forward 21.4). TrendMatrix value score: 5.0/10. Verdict: Hold.

What do analysts say about KMI?

28 analysts cover KMI with a consensus score of 3.7/5. Average price target: $36.

What does Kinder Morgan, Inc. do?Kinder Morgan, Inc. operates as an energy infrastructure company primarily in North America. It operates through...

Kinder Morgan, Inc. operates as an energy infrastructure company primarily in North America. It operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities. The Products Pipelines segment owns and operates refined petroleum products, and crude oil and condensate pipelines; and associated product terminals and petroleum pipeline transmix facilities. The Terminals segment owns and/or operates liquids and bulk terminals that stores and handles various commodities, including gasoline, diesel fuel, renewable fuel and feedstocks, chemicals, ethanol, metals, and petroleum coke; and owns tankers. The CO2 segment produces, transports, and markets CO2 to recovery and production crude oil from mature oil fields; owns interests in/or operates oil fields and gasoline processing plants; and operates a crude oil pipeline system in West Texas, as well as owns and operates RNG and LNG facilities. The company was formerly known as Kinder Morgan Holdco LLC and changed its name to Kinder Morgan, Inc. in February 2011. Kinder Morgan, Inc. was founded in 1997 and is headquartered in Houston, Texas.

Related stocks: FRO (Frontline Plc) · ET (Energy Transfer LP) · VNOM (Viper Energy, Inc.) · VG (Venture Global, Inc.) · LNG (Cheniere Energy, Inc.)
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