
Kinder Morgan (KMI) Stock Forecast & Price Target
Kinder Morgan (KMI) Analyst Ratings
Bulls say
Kinder Morgan is supported by a sharply stronger growth pipeline, with its project backlog rising by $4.7B to $9.6B and another $1.5B near-term potentially ahead, reflecting demand from LNG exports, data centers, and broad natural gas infrastructure needs. Its newly sanctioned projects, including Southeast Connector and Permian Link, feature long-dated take-or-pay contracts, attractive returns, and capital-efficient economics, while the business also delivered an FY26 EBITDA guide increase to $9.1B and beat expectations across all four segments. With Natural Gas Pipelines and Terminals driving upside through stronger volumes, higher Jones Act tanker rates, and improving capex efficiency, the company appears well positioned to convert secular demand into durable cash flow growth.
Bears say
Kinder Morgan is viewed negatively because its earnings are heavily tied to transporting fossil fuels, leaving it exposed to weaker crude oil and natural gas prices, softer demand for refined products, and broader public scrutiny over climate change and carbon accounting. The downside case assumes no new growth projects beyond the current backlog, delayed and overbudget projects, and declining commodity-exposed earnings, which would pressure returns and compress valuation multiples. Additional risks include counterparty and re-contracting exposure, even though its reported Scope 1 and 2 emissions meet SASB standards, highlighting a business with meaningful regulatory, execution, and demand uncertainty.
This aggregate rating is based on analysts' research of Kinder Morgan and is not a guaranteed prediction by Public.com or investment advice.
Kinder Morgan (KMI) Analyst Forecast & Price Prediction
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Kinder Morgan (KMI) Analyst Forecast & Price Prediction
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