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Stock impact report

Kinder Morgan Inc. (KMI) To Benefit from Growing Demand for US Natural Gas: Jefferies [Yahoo! Finance]

Kinder Morgan, Inc. (KMI) 
Last kinder morgan, inc. earnings: 4/22 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.kindermorgan.com
Company Research Source: Yahoo! Finance
of the stock with a ‘Hold' rating and a $30 price target. The research firm expects the company to benefit from the growing demand for US natural gas. Biggest IPOs in US History Consequently, Jefferies expects Kinder Morgan's adjusted EBITDA to rise by about 5% annually through 2030. The increase will come from the tripling of the natural gas projects backlog since 2022 and the expansion of LNG. However, the research firm has warned that the current valuation reflects much of the growth at around 10.5 times 2028 EV/EBITDA, versus a 9-times industry average. Nevertheless, the company remains well supported with a strong balance sheet at 3.8 times net debt-to-EBITDA. Consequently, it is well-positioned to fund future growth. “Kinder Morgan has re-emerged as a late-decade growth story,” but visible catalysts are limited and valuation screens tight, according to Jefferies. Kinder Morgan Inc. (NYSE:KMI) is an energy infrastructure company focused on transporting and storing energ Show less Read more
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