Analysis: Kinder Morgan, Inc.

US:KMI

Why is Kinder Morgan, Inc. stock rising?

  • Raised 2026 guidance to adjusted EBITDA at least 5% above budget and adjusted EPS at least 12% above original budget.
  • Western Gateway refined-products pipeline with Phillips 66 is expected to reach FID within the next one to two months, pending final documents.
  • Almost $400 million of contingently approved projects are expected to enter backlog once customer contracts are executed.
  • Mississippi Crossing and South System 4 are expected to receive final FERC certificates by the end of July 2026, moving them toward construction.
  • Trident's first phase is scheduled to enter service in the first quarter of 2027.

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