Kinder Morgan stock: Argus lifts target after strong third quarter

Argus raised its price target for Kinder Morgan stock on October 27, 2026, after the pipeline operator reported strong third-quarter results. The brokerage lifted its target from 38 US dollars to 40 US dollars and maintained a Buy rating, according to Investing.com.

Strong quarter supports higher outlook

Kinder Morgan reported adjusted net income of 792 million US dollars for the third quarter, equivalent to adjusted earnings of 0.35 US dollars per share. Investing.com said the figure exceeded both the Argus estimate of 0.34 US dollars and the StreetAccount estimate of 0.32 US dollars.

The quarter also included higher contributions from Natural Gas Pipelines, CO2 and Terminals. The report linked the pipeline improvement to higher volumes and power-generation demand, while stronger commodity prices supported the CO2 business and higher tanker fleet rates benefited Terminals.

Guidance raises the earnings bar

Kinder Morgan now projects adjusted EBITDA of 9.12 billion US dollars for 2026 and adjusted earnings of 1.54 US dollars per diluted share. Argus increased its own 2026 earnings estimate to 1.54 US dollars per share from 1.52 US dollars after incorporating the quarterly performance and the revised company outlook.

For investors, the revised guidance provides a more demanding reference point for the next quarterly updates. The infrastructure operator's earnings profile remains tied to volumes, power-generation demand, commodity prices and tanker rates, making the mix of recurring and market-sensitive contributions important for assessing future results.

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