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.
The Alerian MLP ETF (AMLP) and Global X MLP & Energy Infrastructure ETF (MLPX) both invest in North American energy infrastructure but differ structurally: AMLP is a C-corporation taxed on gains, while MLPX is a registered investment company (RIC) th...
Kinder Morgan provides a 3.8% dividend yield supported by dominant U.S. natural gas infrastructure and a $10.1 billion growth backlog focused mostly on natural gas. This backlog is expected to drive multi-decade EBITDA growth with attractive multiple...
