Kinder Morgan rated Buy on strong Q1 growth and stable cash flow from contracts.

Kinder Morgan remains a Buy due to its stock price upside rather than dividend yield. The company reported a 13.8% revenue increase and 18% growth in adjusted EBITDA in Q1, driven by higher commodity sales and expansion projects. About 65% of its cash flow is secured by take-or-pay contracts, providing predictable income amid rising energy demand from AI and data centers. The $35.63 price target assumes 5% annual EBITDA growth, though peak capital expenditures may pressure near-term free cash flow.