Kinder Morgan (KMI) Valuation Check As Western Gateway Pipeline And LNG Growth Attract Analyst Attention

Simply Wall St.01-21 10:26

Kinder Morgan (KMI) is back in focus after research from Scotiabank and UBS highlighted its position in energy infrastructure, just as the company launched a second open season for its Western Gateway...

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Valuation Check As Western Gateway Pipeline And LNG Growth Attract Analyst Attention\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-21 10:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/energy/nyse-kmi/kinder-morgan/news/kinder-morgan-kmi-valuation-check-as-western-gateway-pipelin><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Kinder Morgan (KMI) is back in focus after research from Scotiabank and UBS highlighted its position in energy infrastructure, just as the company launched a second open season for its Western Gateway...</p>\n\n<a href=\"https://simplywall.st/stocks/us/energy/nyse-kmi/kinder-morgan/news/kinder-morgan-kmi-valuation-check-as-western-gateway-pipelin\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0234570918.USD","symbol_name":"高盛全球核心股票组合Acc 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See our latest analysis for Kinder Morgan. These research updates and the Western Gateway Pipeline open season come after a period where Kinder Morgan’s share price return has been relatively muted, with a 1-year total shareholder return of a 6.5% decline contrasting with strong 3- and 5-year total shareholder returns of 77.53% and 145.69%. This hints that recent momentum has eased compared to its longer run. If Kinder Morgan’s latest pipeline plans have you thinking about the wider energy space, it could be a good moment to scan other aerospace and defense stocks that are shaping long term infrastructure and security themes. So with Kinder Morgan shares roughly flat over the past year while analysts see upside and new pipeline projects take shape, is the stock quietly undervalued here, or is the market already pricing in much of its future growth? AdvertisementMost Popular Narrative: 10% Undervalued With Kinder Morgan last closing at $27.96 and the most followed narrative pointing to fair value around $31.06, the gap between price and projected worth is front and center in this debate. 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. Read the complete narrative. Want to see what sits behind that optimism on LNG volumes and long term contracts, and how revenue growth, margins and future earnings are stitched together? The full narrative lays out a detailed earnings path and the profit multiple required to support that fair value, and connects every assumption back to Kinder Morgan's current cash generation profile. Result: Fair Value of $31.06 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, that upbeat LNG story still runs into real friction if Kinder Morgan’s high net debt and energy transition policies begin to put pressure on volumes and contract renewals. Find out about the key risks to this Kinder Morgan narrative. Another View: What Earnings Multiples Are Saying That 10% gap to fair value in the narrative has a clear counterpoint when you look at Kinder Morgan’s current P/E. At 22.9x, the shares trade above both the US Oil and Gas industry average of 13.7x and the peer average of 17.4x, as well as above a fair ratio of 20.9x. In practical terms, you are paying a higher price for each dollar of earnings than both peers and what our fair ratio suggests the market could move toward over time. If sentiment cools or earnings fall short of forecasts, that premium may leave less room for error than the story-led fair value implies. See what the numbers say about this price — find out in our valuation breakdown. NYSE:KMI P/E Ratio as at Jan 2026 Build Your Own Kinder Morgan Narrative If you interpret the numbers differently or prefer to stress test every assumption yourself, you can build a new Kinder Morgan view in minutes with Do it your way. 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. Ready for more investment ideas? If Kinder Morgan has sharpened your thinking, do not stop here. Widen your opportunity set and let fresh ideas challenge your current watchlist.  Spot potential turnaround stories early by checking out these 3528 penny stocks with strong financials that combine smaller market caps with solid financial underpinnings. Ride the AI wave more thoughtfully by scanning these 24 AI penny stocks that connect artificial intelligence with real business models, not just headlines. Focus on price versus fundamentals by reviewing these 872 undervalued stocks based on cash flows where current cash flows and valuations may not fully align.   This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.Valuation is complex, but we're here to simplify it.Discover if Kinder Morgan might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. 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