Gold prices steady, holding sharp gains in wake of soft U.S. jobs data
Investing.com - RBC Capital has reiterated its Sector Perform rating and $28.00 price target on Kinder Morgan (NYSE:KMI) ahead of the company’s upcoming earnings report. The energy infrastructure giant, with a market capitalization of $63.2 billion, currently trades near InvestingPro’s Fair Value estimate, while maintaining an attractive 4.11% dividend yield.
The energy infrastructure company is scheduled to report its earnings and host a conference call on Wednesday, July 16th after market close, according to RBC Capital analyst Elvira Scotto. InvestingPro data shows three analysts have recently revised their earnings estimates upward, with analyst targets ranging from $24 to $38 per share.
RBC Capital has adjusted its estimates for Kinder Morgan primarily based on updated commodity prices, following a conversation with the company’s investor relations team.
The investment firm expects the earnings call to focus heavily on additions to Kinder Morgan’s project backlog, with RBC anticipating at least $400 million in new additions.
Beyond the company’s performance against its budget for the remainder of the year, RBC believes investors will be particularly interested in Kinder Morgan’s future growth potential discussed during the call.
In other recent news, Kinder Morgan reported its financial results for the first quarter of 2025, revealing a revenue of $4.24 billion, which exceeded expectations by $160 million. However, the company’s earnings per share (EPS) slightly missed the forecast, coming in at $0.34 compared to the predicted $0.35. The company announced a 2% year-over-year increase in its dividend, alongside a $900 million expansion in its project backlog, driven by power demand. UBS maintained its Buy rating and $38 price target for Kinder Morgan, noting the potential impact of the company’s Outrigger acquisition on future earnings. UBS also highlighted potential benefits from Kinder Morgan’s proposed projects in Arizona, which could significantly increase the company’s project backlog. Meanwhile, Stifel analysts raised their price target for Kinder Morgan to $28 from $27, maintaining a Hold rating, reflecting a neutral stance on the stock. These developments underscore Kinder Morgan’s ongoing strategic initiatives and market positioning.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.