WallStSmart
KMI

Kinder Morgan Inc

NYSE: KMI · ENERGY · OIL & GAS MIDSTREAM

$32.87
+3.23% today

Updated 2026-04-30

Market cap
$73.13B
P/E ratio
22.06
P/S ratio
4.17x
EPS (TTM)
$1.49
Dividend yield
3.69%
52W range
$25 – $35
Volume
13.5M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Kinder Morgan Inc (KMI) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$32.87
Consensus
$33.81
+2.86%
2030 Target
$112.10
+241.04%
DCF
$24.28
-29.53% MoS
22 analysts:
6 Buy10 Hold1 Sell

Management guidance

Kinder Morgan management has guided to 2026 financial expectations with strong natural gas demand tailwinds. The company added $900M in new gas projects to its backlog as of March 2026, supporting future revenue growth. CEO guidance emphasizes fee-based revenue stability and capital project execution through 2030, though specific revenue targets for outer years were not disclosed in available materials.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$187.93
$21.0B Rev × 20x P/S
Base case (2030)
$112.10
$21.0B Rev × 12x P/S
Bear case (2030)
$75.83
$21.0B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$15.3B$15.1B$16.9B$17.9B$18.7B$19.4B$20.2B$21.0B
Revenue growth—-1.7%12.5%5.4%4.5%4.0%3.9%4.1%
EPS$1.07$1.16$1.28$1.38$1.49$1.58$1.68$1.78
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$95.61$102.21$105.50$108.80$112.10

Catalysts & risks

Growth catalysts
+ Western Gateway Pipeline expansion (extended open season indicates strong shipper demand for refined products capacity into LA market)
+ Natural gas demand surge from AI data centers, industrial electrification, and LNG export growth (Qatar-Exxon Golden Pass LNG started production Q1 2026)
+ Contracted backlog expansion ($900M new projects added Q1 2026; fee-based revenue model provides revenue visibility)
+ Rising natural gas utilization from Arctic cold weather patterns and winter energy demand
+ Dividend growth continuation (27 consecutive years of increases among peers indicates sector sustainability)
Key risks
- Regulatory headwinds on pipeline permitting (Western Gateway extension indicates execution risk, though shipper interest is strong)
- Commodity price volatility affecting throughput volumes (though fee-based contracts mitigate this)
- Interest rate sensitivity (debt-to-equity of 1.03; rising rates could pressure returns)
- Long-term energy transition risk (LNG exports and natural gas growth may face headwinds post-2030 from renewable acceleration)
- Macroeconomic slowdown impacting industrial and petrochemical demand

Methodology

Kinder Morgan Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 22 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.