Street View: Analysts see upside for Kinder Morgan as natural gas demand fuels project growth

Kinder Morgan KMI beat fourth-quarter profit estimates on Wednesday, and it remains bullish on long-term natural gas demand

Posts Q4 adjusted profit of 39 cents per share compared with analysts' estimate of 37 cents per share - data compiled by LSEG

BROKERAGES BULLISH ON NATGAS EXPANSION

Barclays ("Neutral", PT: $32) says it would "not be surprised" if KMI pursued more opportunities levered towards LNG going forward

Adds that the new Florida Gas Transmission projects, South Florida Project and Phase IX, "are consistent with KMI's low-risk, predominantly brownfield approach to expansion and expect many of the opportunities in the company's lengthy shadow backlog to follow a similar template"

RBC Capital Markets ("Sector Perform", PT: $30) says KMI remains well-positioned to benefit from increasing natural gas and power demand and its growing project backlog that can be funded from cash flow and balance sheet flexibility

TD Cowen ("Buy") raises price target to $35 from $34

Says combination of fourth-quarter beat and cold weather will help the company put up higher 2026 core profit numbers