Kinder Morgan details gas growth and Kinder Morgan stock trades below EUR 27.24

Published on 10/02/2026 at 14:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue hit USD 4.48 billion, up 10.76 percent year over year. Kinder Morgan stock costs EUR 27.21 on October 2, 2026 versus EUR 27.24.

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Kinder Morgan (ISIN US49456B1017) was trading at EUR 27.21 at Lang & Schwarz on October 2, 2026 at 2:39 p.m. CEST, below its prior close of EUR 27.24. At the September 30, 2026 Wolfe Research conference, management described natural gas infrastructure demand as the strongest in decades and outlined a project pipeline shaped by power generation, LNG and data centers.

Gas demand expands the project pipeline

According to Investing.com on September 30, 2026, Kinder Morgan said it had sanctioned USD 2.00 billion of projects from a USD 10.00 billion shadow backlog. Management also said natural gas represents 60.00 percent to 65.00 percent of the business, with an even larger share of growth capital directed toward that segment.

The Southeast is central to the expansion case. Utility load connection requests exceed 200 gigawatts, while the advanced-stage portion exceeds 50 gigawatts, according to the conference transcript. Kinder Morgan said its Southeast Connector open season closes on October 7, 2026, giving the next earnings update a concrete project milestone.

Second-quarter figures support the case

Stock Titan reported that Kinder Morgan generated USD 4.48 billion of revenue in the second quarter of 2026, up from USD 4.04 billion in the second quarter of 2025, a 10.76 percent increase. Net income attributable to Kinder Morgan rose to USD 867.00 million from USD 715.00 million, an increase of 21.26 percent.

The balance sheet adds a constraint to the growth story. At the September 30, 2026 conference, management cited leverage of 3.60 times debt to adjusted EBITDA, below the midpoint of its 3.50-times to 4.50-times long-term range. The same discussion highlighted USD 3.00 billion to USD 3.50 billion of annual operating cash flow available for growth investment.

Analysts weigh execution risk

The project opportunity is substantial, but conversion from demand to sanctioned infrastructure remains the key variable. Investing.com reported on September 17, 2026 that Jefferies cut its price target from USD 35.00 to USD 33.00 and kept a Hold rating, citing project timing and the need for clearer capital and contract visibility.

By contrast, MarketBeat reported on September 22, 2026 that Melius Research began coverage with a Buy rating and a USD 38.00 price target. The contrasting views put execution, rather than demand alone, at the center of the Kinder Morgan stock debate.

Stock remains below the prior close

Kinder Morgan stock was trading at EUR 27.21 at Lang & Schwarz on October 2, 2026 at 2:39 p.m. CEST, down 0.11 percent versus the Lang & Schwarz prior close of EUR 27.24. The company operates approximately 78,000 miles of pipelines and 136 terminals, according to Kinder Morgan. The further course of trading is shown by the continuously updated real-time quote of Kinder Morgan stock.