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Street View: Analysts positive as Kinder Morgan delivers in-line 2026 forecast

ReutersDec 9, 2025 1:43 PM

Pipeline operator Kinder Morgan KMI.N on Monday forecast higher 2026 profit compared with the 2025 outlook on the back of strong natural gas demand

KMI's median PT is $31.00

BROKERAGES BULLISH ON 2026 EXPECTATIONS

RBC Capital Markets ("sector perform", PT: $30) says given the growth of KMI's non-commodity price sensitive businesses, it believes that changes in commodity prices would not materially impact the full-year adjusted core profit

UBS ("buy") views the year-on-year increases in core profit and distributable cash flow positively

Adds that KMI appears well positioned to benefit from growing demand for natural gas for both power and LNG needs

Jefferies ("hold", PT: $30) believes that the street is more focused on KMI's project backlog, as opposed to its near-term earnings trajectory, given the long-cycle nature of natural gas pipeline investments

Brokerage overall finds KMI's preliminary budget to be in-line with expectations pending commentary around its higher-than-expected growth capex budget

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