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Home/News Feed/Kinder Morgan posts record Q2 net income, raises full-year outlook but valuation limits upside
KMI
$32.86
+$0.09 +0.27%

Kinder Morgan posts record Q2 net income, raises full-year outlook but valuation limits upside

Company Fundamentals
25 Jul 2026
Seeking Alpha
View Source
Neutral
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Kinder Morgan reported a record net income of $867 million and adjusted EBITDA of $2.2 billion for Q2, up 12% from last year. The company raised its full-year guidance above previous estimates, reflecting strong operational performance. Despite the solid fee-based, contract-backed business model providing stability, the current valuation multiples (21.7x 2027 P/E and 11.6x EV/EBITDA) suggest limited upside potential. Key factors to watch include backlog conversion, project execution, and leverage management. The analyst maintains a Hold rating, noting the attractive dividend yield but cautious on growth prospects and valuation at current levels.

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Kinder Morgan posts record Q2 with 12% EBITDA growth, boosts 2026 outlook on natural gas demand.

Kinder Morgan posts record Q2 with 12% EBITDA growth, boosts 2026 outlook on natural gas demand.

Kinder Morgan reported a record second quarter in 2026 with adjusted EBITDA rising 12% year-over-year to $2.199 billion, surpassing estimates and prompting an upward revision of its full-year guidance. The company's project backlog reached $9.6 billi...

Company Fundamentals
Bullish
2 days ago
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