Houston, Texas-based Kinder Morgan, Inc. (KMI) is a midstream energy infrastructure provider in North America. The company operates pipelines to transport natural gas, crude oil, condensate, refined petroleum products, and more. With a market cap of $58.8 billion, Kinder Morgan operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments.
Companies worth $10 billion or more are generally described as "large-cap stocks." Kinder Morgan fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the oil & gas midstream industry. The company owns and operates approximately 82,000 miles of pipelines and 139 terminals.
Despite its notable strengths, KMI stock has plunged 15.4% from its five year-high of $31.48 touched on Jan. 21. Meanwhile, KMI stock has dropped 3.2% over the past three months, notably underperforming the S&P 500 Index’s ($SPX) 8.4% gains during the same time frame.
Over the longer term, KMI’s performance has remained mixed. KMI stock has dipped 2.8% on a YTD basis and surged 26.1% over the past 52 weeks, notably underperforming SPX’s 10.7% surge in 2025, but outpacing SPX’s 19% gains over the past year.
To confirm the longer-term bullish trend and recent drop, KMI stock has traded mostly above its 200-day moving average over the past year, but dropped below its 50-day moving average in recent weeks.
In Q2 2025, the company’s revenues came far ahead of Street expectations. Kinder Morgan’s topline grew 13.2% year-over-year to $4 billion, beating the expectations by 7.8%. Its results benefited from a positive federal regulatory environment and support in the form of permits. Adjusted net income came in at $619 million, up 13% year-over-year. Further, its adjusted EPS of $0.28 met the consensus estimates. However, free cash flows dropped 9.4% year-over-year to $1 billion, which likely contributed to a 1.5% drop in KMI stock prices in the trading session following its earnings release on Jul. 16.
Meanwhile, KMI has notably underperformed its peer, Valero Energy Corporation’s (VLO) 32% surge on a YTD basis, but outpaced VLO’s 20.6% gains over the past year.
Among the 19 analysts covering the KMI stock, the consensus rating is a “Moderate Buy.” Its mean price target of $31.82 suggests a 19.4% upside potential from current price levels.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
