#5 - Kinder Morgan (NYSE:KMI)
Kinder Morgan Inc. (NYSE: KMI) is one of the leading midstream players in the natural gas sector. The company operates a network of pipelines that span over 83,000 miles in the United States and Canada. This gives the company over 700 billion cubic feet of working natural gas storage capacity that equates to over 165 million barrels.
Kinder Morgan isn’t a pure natural gas play. However, in 2020 the company began full commercial operation at its Elba Island Liquefaction facility in Georgia. This is a joint venture between Kinder Morgan and EIG and is backed by a 20-year contract with Shell LNG. The facility has an annual capacity of over 2.5 million tonnes of LNG for export.
KMI stock is up 34.4% in 2024 making it one of the best-performing energy stocks. That has it pushing its 52-week high. However, investors will hear from the company when it reports earnings in October which could send analysts estimates higher.
About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.
Read More - Current Price
- $28.57
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 6 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $25.36 (11.2% Downside)
