<div id="readability-page-1"><div><p>Kinder Morgan (KMI) just tightened the picture for income investors, issuing fresh 2025 and 2026 profit guidance alongside plans for a higher 2026 dividend that extends its long running payout growth streak.</p> <p>See our latest analysis for Kinder Morgan.</p> <p>At a recent share price of $26.49, Kinder Morgan’s year to date share price return of minus 5.76 percent contrasts with its 5 year total shareholder return of 159.74 percent. This suggests that longer term income focused momentum remains firmly intact despite short term noise around the new guidance and dividend outlook.</p> <p>If Kinder Morgan’s updated profit and dividend plans have you rethinking your income strategy, this is also a good moment to discover fast growing stocks with high insider ownership.</p> <p>With analysts still seeing upside to Kinder Morgan’s share price and fresh guidance pointing to higher profits and payouts, is the current weakness an opportunity to buy into mispricing, or is the market already discounting that growth?</p> <h2>Most Popular Narrative Narrative: 14.7% Undervalued</h2> <p>With the most popular narrative pointing to a fair value near $31.06 versus Kinder Morgan’s $26.49 last close, the story leans toward upside from here.</p> <p><em>The surging U.S. LNG export market, with U.S. gas feed to export terminals projected to double by 2030 and Kinder Morgan already transporting about 40% of this feed gas, is likely to significantly increase future earnings, especially as additional U.S. capacity comes online and new contracts are signed.</em></p> <p>Read the complete narrative.</p> <p>Curious how steady revenue growth, rising margins and a richer future earnings multiple all work together in this outlook? The narrative’s projections hide some bold assumptions about where profits, cash flows and valuation could land a few years from now, and how that compares to today’s more cautious market pricing.</p> <p><strong>Result: Fair Value of $31.06 (UNDERVALUED)</strong></p> <p>Have a read of the narrative in full and understand what's behind the forecasts.</p> <p>However, high leverage and the risk of overbuilt pipelines or weaker recontracting terms could quickly challenge today’s upside narrative and valuation assumptions.</p> <p>Find out about the key risks to this Kinder Morgan narrative.</p> <h2>Another Take on Valuation</h2> <p>While the narrative points to upside, Kinder Morgan’s 21.7x earnings multiple already sits above both its peer average of 16.6x and the US Oil and Gas industry at 12.8x. It is also slightly above its 21.1x fair ratio. That premium suggests less margin for error if growth underdelivers.</p> <p>See what the numbers say about this price — find out in our valuation breakdown.</p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/4359fa56-2088-4b1c-84ba-b72719acf1d8/chart/pe-multiple-vs-industry?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/4359fa56-2088-4b1c-84ba-b72719acf1d8/chart/pe-multiple-vs-industry"/><figcaption>NYSE:KMI PE Ratio as at Dec 2025</figcaption></figure><h2> Build Your Own Kinder Morgan Narrative</h2> <p>If you would rather stress test these assumptions yourself, you can dig into the numbers and build a fully customised view in just a few minutes: Do it your way.</p> <p>A great starting point for your Kinder Morgan research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.</p> <h2>Looking for more investment ideas?</h2> <p>Before you move on, explore your next opportunities using the Simply Wall St Screener so you are not relying on just one income story.</p> <ul> <li>Identify potential multi baggers early by scanning these 3632 penny stocks with strong financials that already show financial strength instead of just speculative hype.</li> <li>Position yourself at the front of the next tech trend by targeting these 24 AI penny stocks involved in automation, analytics and intelligent infrastructure.</li> <li>Find possible value opportunities with these 903 undervalued stocks based on cash flows that trade below what their cash flows indicate.</li> </ul> <p><em> This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data     and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your     financial situation. We aim to bring you long-term focused analysis driven by fundamental data.     Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.     Simply Wall St has no position in any stocks mentioned.</em></p><div><p>Mobile Infrastructure for Defense and Disaster</p><p>The next wave in robotics isn't humanoid. Its fully autonomous towers delivering 5G, ISR, and radar in under 30 minutes, anywhere.</p><p>Get the investor briefing before the next round of contracts</p><p><span>Sponsored On Behalf of CiTech</span></p></div></div></div>

<p>Kinder Morgan (KMI) has issued new profit guidance for 2025-2026 and plans for a higher 2026 dividend, maintaining its payout growth streak. Despite a recent share price dip, analysts see upside potential, with a fair value estimate of $31.06. The U.S. LNG export market growth could boost future earnings, but high leverage and pipeline risks remain. KMI's earnings multiple is above industry averages, suggesting limited error margin if growth falters. Investors are encouraged to explore further investment opportunities and risks.</p>

Kinder Morgan (KMI): Valuation Check After New 2025–2026 Profit Outlook and Higher 2026 Dividend Guidance