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Kinder Morgan Inc Class P - Stock Quote KMI

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Morningstar's Kinder Morgan Inc Class P Stock Analysis

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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Kinder Morgan Benefits From Strong Commodity Tailwinds in Q1

Stephen Ellis Sector Strategist

Analyst Note

| Stephen Ellis |

Kinder Morgan’s first-quarter results were strong, as tight oil and gas markets contributed to strength across multiple areas of its business. The results are on track to modestly exceed the firm's $7.2 billion 2022 EBITDA outlook compared with our already higher $7.3 billion forecast. The potential upside should be tempered by uncertainty about inflationary headwinds (fuel and steel costs), but we consider our estimate reasonable. We don’t plan to change our fair value estimate or narrow moat rating.

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Kinder Morgan Inc Class P's Company Profile

Business Description

Kinder Morgan is one of the largest midstream energy firms in North America with an interest in or an operator on about 83,000 miles in pipelines and over 140 storage terminals. The company is active in the transportation, storage, and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan's cash flows stem from fee-based contracts for handling, moving, and storing fossil fuel products.

Contact
1001 Louisiana Street, Suite 1000
Houston, TX, 77002
T +1 713 369-9000
Sector Energy
Industry Oil & Gas Midstream
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Hard Assets
Employees 10,529

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