Kinder Morgan stock falls 1.60 percent as earnings beat estimates

Kinder Morgan stock (ISIN US49456B1017) fell 1.60 percent to USD 30.75 at the September 25, 2026 close on the NYSE. The move followed a quarter in which adjusted earnings per share reached USD 0.37, compared with a USD 0.31 consensus estimate.

Quarterly earnings beat expectations

According to Zacks on September 4, 2026, Kinder Morgan reported second-quarter 2026 revenue of USD 4.48 billion, up 10.8 percent from USD 4.04 billion a year earlier. The figure also exceeded the USD 4.29 billion consensus estimate by 4.43 percent.

The same quarterly comparison showed adjusted EPS rising 32.1 percent from USD 0.28 in the year-ago quarter to USD 0.37. Operating income increased 16.8 percent to USD 1.35 billion, while the operating margin expanded to 30.1 percent from 28.5 percent.

Gas volumes drive the expansion

Natural gas transport volumes increased 7 percent year over year, and gathering volumes rose 26 percent, according to Zacks. The company ended the quarter with a project backlog of USD 9.6 billion, including natural gas projects representing 92 percent of that total.

Cash flow from operations reached USD 1.96 billion in Q2 2026. Kinder Morgan also raised its quarterly dividend 2 percent to USD 0.2975 per share, equal to USD 1.19 on an annualized basis, according to Zacks.

Analyst targets remain higher

Investing.com reported on September 22, 2026, that Melius Research initiated coverage with a Buy rating and a USD 38.00 price target. The report linked the view to power-generation demand from data centers and liquefied natural gas feed gas exports.

MarketBeat listed a Hold consensus from 19 analysts on September 27, 2026, with 11 Hold ratings and 8 Buy ratings. Its average twelve-month price target was USD 35.77, compared with the USD 30.75 closing price, while the highest target reached USD 43.00.

Stock remains below its yearly high

Kinder Morgan stock traded at USD 30.75 at the September 25, 2026 close, with a session range of USD 30.59 to USD 31.27 and volume of 10,020,005 shares. The 52-week range was USD 25.60 to USD 34.80, placing the stock USD 4.05 below its yearly high.

The company operates approximately 78,000 miles of pipelines and 136 terminals, according to its corporate site. Its next earnings date is October 28, 2026, while the valuation discussion now balances higher gas infrastructure demand against the Hold consensus.

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