Kinder Morgan (KMI)
NYSEEnergyOil & Gas MidstreamSnapshot 2026-07-08
$32.47-0.06%
Close 2026-07-08 · 1-day change
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Track KMI free→Kinder Morgan plans to grow adjusted EPS by 5% in 2026. Free cash flow rose 73% last year to $700 million. The company aims for $8.6 billion in adjusted EBITDA, up 2%. These show steady profit and cash growth.
Adjusted EBITDA growth is slow at 2%. The company faces a soft guidance outlook. Pipeline and gas demand could weaken, hurting profits.
The price is about 12% above our fair value near $29. Analysts expect 4% revenue growth, which is modest. We see risks in EBITDA growth and guidance softness.
Breaks if: adjusted EBITDA falls below $8.3 billion in FY26
Focus on increasing Adjusted EBITDA through strategic projects and operational efficiency.
Stated in 4 of last 4 quarters. KMI budgeted 2026 Adjusted EBITDA of $8.6 billion, up 2% versus 2025. The trajectory shows limited progress as the increase is modest compared to prior years' growth rates.
Breaks if: adjusted EPS falls below $1.27 in FY26
Aim to increase Adjusted EPS by 5% in 2026 compared to 2025.
Stated in 3 of last 3 quarters. Adjusted EPS is $1.36, up 5% from 2025. The trajectory is delivering as planned, with consistent increases in Adjusted EPS over the period.
Breaks if: free cash flow falls below $700 million in FY26
Enhance free cash flow after capital expenditures, targeting significant growth.
Stated in 2 of last 2 quarters. Free cash flow (FCF) after capital expenditures reached $0.7 billion, up 73% from the prior year period. The trajectory is delivering strong growth in free cash flow, aligning with management's stated priority.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“KMI budgeted 2026 Adjusted EBITDA of $8.6 billion, up 2% versus 2025.”
“KMI budgeted 2025 Adjusted EBITDA of $8.3 billion, up 4% versus 2024.”
“Adjusted EBITDA of $2,539 million, up 18% versus the first quarter of 2025.”
“KMI budgeted 2025 Adjusted EBITDA of $8.3 billion, up 4% versus 2024.”
“Adjusted EPS is $1.36, up 5% from 2025.”
“Adjusted EPS of $1.27, up 10% from 2024.”
“Adjusted EPS of $0.48, up 41% versus the first quarter of 2025.”
“Free cash flow (FCF) after capital expenditures of $0.7 billion, up 73% from the prior year period.”
“Generating cash flow from operations of $1.5 billion and free cash flow (FCF) after capital expenditures of $0.7 billion.”