Kinder Morgan stock holds steady as Stifel maintains $28 price target

Investing.com - Stifel has reiterated its Hold rating and $28.00 price target on Kinder Morgan (NYSE:KMI) following the company’s second-quarter 2025 results. According to InvestingPro data, the stock currently trades at $27.91, with analyst targets ranging from $24 to $38.

The energy infrastructure company reported quarterly EBITDA of $1.97 billion, exceeding Stifel’s estimate of $1.91 billion and slightly surpassing the street consensus of $1.96 billion. The company has maintained consistent performance, with trailing twelve-month EBITDA reaching $6.57 billion and a solid gross profit margin of 50.3%.

Kinder Morgan emphasized the strength in its natural gas business, identifying liquefied natural gas (LNG) and power load as key drivers for future growth, particularly in the Gulf Coast and other southern U.S. regions.

The company’s project backlog continued to grow, with management noting that lower-return projects had entered service while higher-return initiatives became part of the backlog, resulting in more favorable overall returns.

Stifel indicated it would revisit its estimates and price target following the release of Kinder Morgan’s 10-Q filing.

In other recent news, Kinder Morgan reported its second-quarter 2025 earnings, surpassing revenue forecasts with a reported $4.04 billion against the anticipated $3.75 billion. The company also met earnings per share (EPS) expectations, posting an EPS of $0.28. Kinder Morgan’s adjusted EBITDA for the quarter was $1,972 million, aligning closely with estimates. The company maintained its previous guidance and announced a significant increase in its backlog of organic growth projects, particularly in natural gas infrastructure assets. Mizuho (NYSE:MFG) reaffirmed its Outperform rating for Kinder Morgan, citing the company’s strategic investments and project expansions as positive developments. The firm also noted an unexpected $0.5 billion capital allocation to the KinderHawk gathering footprint, which is expected to yield solid returns. Kinder Morgan’s net income attributable to the company rose by 24% from the same quarter in 2024, reaching $715 million. Additionally, the company declared a dividend of $0.925 per share, representing a 2% increase from the previous year.

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