Kinder Morgan's stock rose 21% YTD, reaching a five-year high, driven by financial improvements and acquisitions.

Kinder Morgan's stock has risen 21% YTD and reached a five-year high, driven by financial improvements and acquisitions in oil and gas infrastructure, LNG, and RNG. The company plans to finish the year with a net debt-to-EBITDA ratio of 3.9. Kinder Morgan's future earnings prospects are tied to the demand for natural gas and oil, benefiting from tech sector growth, with AI-driven data center expansion driving energy infrastructure needs. The company's dividend yield is 5.4% and full-year guidance predicts a 15% increase in EPS to $1.22 and $1.15 in dividends per share.

August 04, 2024
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