Dernières nouvelles pour Kinder Morgan (NYSE:KMI) Stock

Kinder Morgan

Kinder Morgan is one of the largest midstream energy firms in North America, with an interest in or an operator on about 82,000 miles in pipelines and 139 storage terminals. The company is active in the transportation, storage, and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan's cash flows stem from fee-based contracts for handling, moving, and storing fossil fuel products.

Kinder Morgan Inc

Virtus ETF Trust II Virtus KAR Mid-Cap ETF

Whales with a lot of money to spend have taken a noticeably bullish stance on Kinder Morgan.
Looking at options history for Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $141,820 and 6, calls, for a total amount of $227,197.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $28.0 to $30.0 for Kinder Morgan during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of Kinder Morgan stands at 4245.33, with a total volume reaching 11,159.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Kinder Morgan, situated within the strike price corridor from $28.0 to $30.0, throughout the last 30 days.
<h3>Kinder Morgan Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732131074_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>KMI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$0.95</td>
<td>$0.9</td>
<td>$0.9</td>
<td>$28.00</td>
<td>$88.9K</td>
<td>5.1K</td>
<td>1.0K</td>
</tr>
<tr>
<td>KMI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$2.0</td>
<td>$1.99</td>
<td>$2.0</td>
<td>$30.00</td>
<td>$60.0K</td>
<td>8.3K</td>
<td>326</td>
</tr>
<tr>
<td>KMI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.01</td>
<td>$0.97</td>
<td>$1.0</td>
<td>$28.00</td>
<td>$52.9K</td>
<td>5.1K</td>
<td>3.0K</td>
</tr>
<tr>
<td>KMI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$0.72</td>
<td>$0.69</td>
<td>$0.69</td>
<td>$28.00</td>
<td>$46.0K</td>
<td>4.7K</td>
<td>827</td>
</tr>
<tr>
<td>KMI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$0.6</td>
<td>$0.59</td>
<td>$0.6</td>
<td>$29.00</td>
<td>$35.1K</td>
<td>4.0K</td>
<td>1.1K</td>
</tr>
</tbody>
</table>

<h3>About Kinder Morgan</h3>
Kinder Morgan is one of the largest midstream energy firms in North America, with an interest in or an operator on about 82,000 miles in pipelines and 139 storage terminals. The company is active in the transportation, storage, and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan's cash flows stem from fee-based contracts for handling, moving, and storing fossil fuel products.
Following our analysis of the options activities associated with Kinder Morgan, we pivot to a closer look at the company's own performance.
<h3>Kinder Morgan's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 4,049,944, the KMI's price is down by -0.84%, now at $27.84. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 56 days.</li>
</ul>
<h3>Expert Opinions on Kinder Morgan</h3>
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $28.25.
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&#x2A; An analyst from UBS persists with their Buy rating on Kinder Morgan, maintaining a target price of $33. 
&#x2A; Maintaining their stance, an analyst from RBC Capital continues to hold a Sector Perform rating for Kinder Morgan, targeting a price of $26. 
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Kinder Morgan with a target price of $30. 
&#x2A; Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Kinder Morgan, targeting a price of $24. 
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Options

Markets

Kinder Morgan's Options Frenzy: What You Need to Know

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.
<h3 class="wp-block-heading">Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>)</h3>
<ul>
<li>Dividend Yield: 4.04%</li>
<li>UBS analyst Josh Silverstein maintained a Buy rating and raised the price target from $192 to $194 on Nov. 4. This analyst has an accuracy rate of 63%.</li>
<li>Truist Securities analyst Neal Dingmann maintained a Hold rating and boosted the price target from $150 to $155 on Nov. 4. This analyst has an accuracy rate of 72%.</li>
<li>Recent News: On Nov. 1, the company posted upbeat quarterly earnings.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1">CVX news</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="910" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051905/image-190.png" alt="" class="wp-image-654582" style="width:653px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051905/image-190.png 910w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051905/image-190-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051905/image-190-768x711.png 768w" sizes="(max-width: 910px) 100vw, 910px" /></a></figure>
<h3 class="wp-block-heading">Kinder Morgan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>)</h3>
<ul>
<li>Dividend Yield: 4.14%</li>
<li>Barclays analyst Theresa Chen maintained an Equal-Weight rating and raised the price target from $22 to $24 on Nov. 4. This analyst has an accuracy rate of 81%.</li>
<li>Wells Fargo analyst Michael Blum maintained an Overweight rating and increased the price target from $22 to $27 on Oct. 17. This analyst has an accuracy rate of 67%.</li>
<li>Recent News: On Oct. 16, Kinder Morgan reported third-quarter revenue of $3.699 billion, missing the consensus estimate of $3.975 billion, according to Benzinga Pro.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1">latest KMI news</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="897" height="821" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051942/image-191.png" alt="" class="wp-image-654583" style="width:735px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051942/image-191.png 897w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051942/image-191-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051942/image-191-768x703.png 768w" sizes="(max-width: 897px) 100vw, 897px" /></a></figure>
<h3 class="wp-block-heading">Northern Oil and Gas, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>)</h3>
Dividend Yield: 4.07%
<ul>
<li>Piper Sandler analyst Mark Lear maintained a Neutral rating and raised the price target from $40 to $41 on Nov. 18. This analyst has an accuracy rate of 66%.</li>
<li>Truist Securities analyst Neal Dingmann maintained a Buy rating and boosted the price target from $44 to $51 on Nov. 7. This analyst has an accuracy rate of 72%.</li>
<li>Recent News: On Nov. 5, Northern Oil &amp; Gas posted better-than-expected quarterly earnings.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1">trend in NOG stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="921" height="827" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19052027/image-192.png" alt="" class="wp-image-654584" style="width:737px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19052027/image-192.png 921w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19052027/image-192-300x269.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19052027/image-192-768x690.png 768w" sizes="(max-width: 921px) 100vw, 921px" /></a></figure>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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Read More: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42035732/jim-cramer-super-group-basic-materials-stock-is-very-hard-to-own-here">Jim Cramer: Super Group Finally &#8216;Broke Out,&#8217; This Basic Materials Stock Is &#8216;Very Hard To Own Here&#8217;</a></li>
</ul>

News

Dividends

Price Target

Pre-Market Outlook

Analyst Ratings

Trading Ideas

Wall Street's Most Accurate Analysts Give Their Take On 3 Energy Stocks Delivering High-Dividend Yields

UBS analyst Manav Gupta maintains Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) with a Buy and raises the price target from $30 to $33.

UBS Maintains Buy on Kinder Morgan, Raises Price Target to $33

AVGO

LRCX

SBUX

TRGP

Viking Fund Management 13F Shows Increased Stake In Broadcom From 16,510 To 162,100 Shares; Xcel Energy From 122,400 To 162,400 Shares; Chevron From 58,000 To 70,000 Shares; Starbucks From 87,000 To 105,000 Shares; Lam Research From 4,000 To 10,000 Shares; Pfizer From 286,000 To 344,000 Shares; Targa Resources From 81,000 To 60,000 Shares; Kinder Morgan From 50,000 To 75,000 Shares

Kinder Morgan's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) short percent of float has risen 13.11% since its last report. The company recently reported that it has 45.06 million shares sold short, which is 2.33% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.98 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Kinder Morgan Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731356134_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Kinder Morgan has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Kinder Morgan's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Kinder Morgan's peer group average for short interest as a percentage of float is 3.94%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Kinder Morgan's Recent Short Interest

Disclosed in the latest SEC filing, a significant insider purchase on November 6, involves Amy W Chronis, Board Member at Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>).
What Happened: Chronis made a significant move by purchasing 2,241 shares of Kinder Morgan as reported in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001506307/000201345824000012//Archives/edgar/data/1506307/000201345824000012/0002013458-24-000012-index.htm">U.S. Securities and Exchange Commission</a>. The transaction's total worth stands at $55,789.
The latest update on Thursday morning shows Kinder Morgan shares up by 0.19%, trading at $26.4.
<h3>Get to Know Kinder Morgan Better</h3>
Kinder Morgan is one of the largest midstream energy firms in North America, with an interest in or an operator on about 82,000 miles in pipelines and 139 storage terminals. The company is active in the transportation, storage, and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan's cash flows stem from fee-based contracts for handling, moving, and storing fossil fuel products.
<h3>Financial Milestones: Kinder Morgan's Journey</h3>
Revenue Growth: Kinder Morgan's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2024, the company experienced a revenue decline of approximately -5.32%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.
Profitability Metrics:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 56.45%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): Kinder Morgan's EPS reflects a decline, falling below the industry average with a current EPS of 0.28.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.05.
Financial Valuation Breakdown:
<ul>
<li>
Price to Earnings (P/E) Ratio: Kinder Morgan's current Price to Earnings (P/E) ratio of 23.32 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 3.86 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 13.63 positions the company as being more valued compared to industry benchmarks.
</li>
</ul>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
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<h3>Exploring the Significance of Insider Trading</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>A Deep Dive into Insider Transaction Codes</h3>
Digging into the details of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their attention to those taking place in the open market, as outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001506307">Check Out The Full List Of Kinder Morgan's Insider Trades.</a>
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Massive Insider Trade At Kinder Morgan

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DINO

GPOR

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SDRL

TALO

USAC

WFRD

Shares of oil and fossil fuel companies are trading higher following the US presidential election. Investors may be weighing the potential impact of Donald Trump's energy policies on the sector.

Barclays analyst Theresa Chen maintains Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) with a Equal-Weight and raises the price target from $22 to $24.

Barclays Maintains Equal-Weight on Kinder Morgan, Raises Price Target to $24

The price of natural gas is expected to remain low for the foreseeable future because of the ramping production. A lot of it is available, and the infrastructure is improving rapidly. Natural gas production is driven by the need to decarbonize and a need to power AI, which also drives demand. <a href="https://www.marketbeat.com/stocks/sectors/energy/">Demand for natural gas</a> is the salient point because it has to be gathered, processed, stored, and transported, which is where the profits are. Mid-stream operators are insulated from natural gas price swings. They make their money from demand and volume, with <a href="https://www.marketbeat.com/stock-ideas/natural-gas-will-boom-in-2025-and-kinder-morgan-is-the-play/">demand growing steadily</a>&mdash;good news for their revenue, cash flow, and capital returns.&nbsp;
The latest estimates show that natural gas demand growth will run at a 3.5% CAGR over the next 10 years, producing a 35% net increase before the end of this decade and driving business for midstream companies like Kinder Morgan (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmi#NYSE">KMI</a>), Williams Companies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmb#NYSE">WMB</a>), and others. The critical detail is that these companies produce robust cash flow and pay it to their investors. The takeaway is that their high yields are safe and reliable, distribution growth supports the price action, and the market for their stock is on fire.&nbsp;
<h3>Kinder Morgan Reports Tepid Q3: Stock Price Breaks Out to Multi-Year High</h3>
Kinder Morgan reported a tepid Q3, with revenue and profits missing the consensus estimates, but the outlook overshadowed the bad news. The company&#39;s comments echo those of others in the industry, citing robust demand from the data center industry that is expected to drive significant and sustained volume growth over the next few years. About 300 data centers are under construction in the U.S., all located within easy reach of natural gas infrastructure and all in need of reliable power with the lowest carbon impact.
Kinder Morgan&#39;s stock price surged following the Q3 release, breaking out to a multi-year high that puts it on track to rise by at least another 20% over the next 12 to 24 months. The move is aided by analysts raising their price targets, lifting the consensus by 10% since summer. Consensus implies fair value near $24.50, but revisions suggest a move to the high-end range is likely, which is another 10% higher.&nbsp;
Analysts will likely continue raising targets because of pipeline asset growth, cash flow growth, free cash flow, and capital return growth, including share repurchases. Kinder Morgan share repurchases benefit shareholders, reducing the average count by 1.7% in the year&#39;s first nine months. <a href="https://www.marketbeat.com/stocks/NYSE/KMI/">Regarding the dividend</a>, it yields more than 4.5%.&nbsp;
<img alt="Kinder Morgan KMI stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20241021103943_chart-kmi-10212024.png" style="height:305px; width:624px" />
<h3>The Williams Companies Says Demand Grows at Unprecedented Pace</h3>
Williams Companies operates a diverse pipeline and gathering and processing portfolio. The highlights from its F2 report include better-than-expected profitability, accelerated debt reduction, and a 6% increase in the dividend. The <a href="https://www.marketbeat.com/stocks/NYSE/WMB/dividend/">dividend is worth</a> about 3.6%, with the stock trading near a 10-year high and expected to continue growing along with the business. Business growth is supported by demand <a href="https://www.marketbeat.com/stock-ideas/top-3-stocks-to-buy-now-as-energy-sector-hits-buy-zone/">growth and company expansion</a>.
Williams Companies, like Kinder Morgan, is expanding via acquisitions and new projects, many of which are already under construction. Analysts rate this stock as a Moderate Buy and are raising their price targets, lifting the consensus by more than 1300 basis points since the FQ2 release.&nbsp;
<img alt="Williams Companies WMB stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20241021103951_chart-wmb-10212024.png" style="height:305px; width:624px" />
<h3>TC Energy Corporation Is a High-Yield Value</h3>
TC Energy Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trp#NYSE">TRP</a>) pipeline assets span North America from Mexico and the Gulf region throughout the U.S. and Canada. Highlights from its FQ2 report include sustained growth, outperformance on top and bottom lines, and robust cash flow.
The story in 2025 will be about organic growth due to expected divestitures. The company is selling off its non-LNG assets to reposition for the future. Regarding the dividend, TRP is the highest-yielding stock on the list, with a payout of nearly 5.8% and shares trading at a 2-year high.&nbsp;
The recent price action is suggestive. The market for TRP stock is in rally mode, advancing by 35% since spring 2024. The move is driven by results and <a href="https://www.marketbeat.com/stocks/NYSE/TRP/earnings/">analysts raising their price targets</a>. Activity since summer includes several upgrades to Buy or higher equivalents with price targets indicating a new all-time high is likely.&nbsp;
<img alt="TC Energy TRP stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20241021104001_chart-trp-10212024.png" style="height:305px; width:624px" />
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/bet-on-these-3-high-yield-stocks-as-natural-gas-demand-grows/">Bet on These 3 High-Yield Stocks as Natural Gas Demand Grows</a>&quot; first appeared on MarketBeat.

Commodities

General

Bet On These 3 High-Yield Stocks As Natural Gas Demand Grows

On October 23, a recent SEC filing unveiled that C. Park Shaper, Director at Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) made an insider sell.
What Happened: Shaper's recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001506307/000201345824000008//Archives/edgar/data/1506307/000201345824000008/0002013458-24-000008-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday unveiled the sale of 900,000 shares of Kinder Morgan. The total transaction value is $22,263,481.
As of Thursday morning, Kinder Morgan shares are up by 0.59%, currently priced at $24.91.
<h3>Discovering Kinder Morgan: A Closer Look</h3>
Kinder Morgan is one of the largest midstream energy firms in North America, with an interest in or an operator on about 82,000 miles in pipelines and 139 storage terminals. The company is active in the transportation, storage, and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan's cash flows stem from fee-based contracts for handling, moving, and storing fossil fuel products.
<h3>Understanding the Numbers: Kinder Morgan's Finances</h3>
Revenue Growth: Kinder Morgan's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 3.56%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Energy sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: With a high gross margin of 56.45%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): Kinder Morgan's EPS reflects a decline, falling below the industry average with a current EPS of 0.28.
</li>
</ul>
Debt Management: Kinder Morgan's debt-to-equity ratio is below the industry average. With a ratio of 1.05, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 21.92 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 3.63 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Kinder Morgan's EV/EBITDA ratio stands at 13.1, surpassing industry benchmarks. This places the company in a position with a higher-than-average market valuation.
</li>
</ul>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
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<h3>Exploring the Significance of Insider Trading</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Transaction Codes Worth Your Attention</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001506307">Check Out The Full List Of Kinder Morgan's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

As of Oct. 23, 2024, two stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to Benzinga Pro. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Centrus Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEU#NYSE">LEU</a>)</h3>
<ul>
<li>On Oct. 17, The U.S. Department of Energy awarded the company&#8217;s subsidiary, American Centrifuge Operating, a contract aimed at expanding domestic commercial production of High-Assay, Low-Enriched Uranium. The company's stock gained around 86% over the past month and has a <a href="https://www.benzinga.com/quote/LEU">52-week high of $104.50</a>.</li>
<li>RSI Value: 76.32&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>LEU Price Action: Shares of Centrus Energy fell 1.2% to close at $93.36 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Kinder Morgan Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>)</h3>
<ul>
<li>On Oct. 16, Kinder Morgan reported third-quarter revenue of $3.699 billion, missing the consensus estimate of $3.975 billion, according to Benzinga Pro. The company reported quarterly earnings of 25 cents per share, missing analyst estimates of 27 cents per share. "The company had a solid third quarter on increased financial contributions from our Natural Gas Pipelines and Terminals business segments, with Adjusted EBITDA up 2% versus the third quarter of 2023. Further, KMI's balance sheet remains very strong, as we ended the quarter with a Net Debt-to-Adjusted EBITDA ratio of 4.1 times," said Kim Dang, CEO of Kinder Morgan. The company's stock gained around 12% over the past month and <a href="https://www.benzinga.com/quote/KMI">has a 52-week high</a> of $25.43.</li>
<li>RSI Value: 75.33</li>
<li>KMI Price Action: Shares of Kinder Morgan rose 0.3% to close at $24.81 on Tuesday.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41479244/dow-edges-lower-as-investors-watch-earnings-reports-with-caution-fear-index-remains-in-greed-zone">Dow Edges Lower As Investors Watch Earnings Reports With Caution: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Top 2 Energy Stocks That May Implode This Quarter

UBS analyst Manav Gupta maintains Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) with a Buy and raises the price target from $25 to $30.

UBS Maintains Buy on Kinder Morgan, Raises Price Target to $30

RBC Capital analyst Elvira Scotto maintains Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) with a Sector Perform and raises the price target from $24 to $26.

RBC Capital Maintains Sector Perform on Kinder Morgan, Raises Price Target to $26

A semiconductor rally pushed the S&amp;P 500 to new all-time highs on Thursday, with strong earnings from Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) boosting tech sentiment after a weak report from ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) <a href="https://www.benzinga.com/trading-ideas/technicals/24/10/41383732/stock-of-the-day-taiwan-semiconductor-breaks-out-as-buyers-push-prices-higher">earlier in the week.</a>
The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) jumped 2.3%, leading sector gains. NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) hit fresh record highs, reaching $141 per share during the morning session.
The Nasdaq 100 outperformed major indices, while small caps underperformed as the Russell 2000 faced resistance at a key technical level. The Dow briefly touched a record high of 43,289 points before pulling back slightly.
On the macro front, September retail sales exceeded expectations, and jobless claims fell last week, reinforcing views of strong economic resilience. However, this also slightly hit hopes for Fed rate cuts as economists voiced doubts about the <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41386234/strong-september-retail-sales-put-feds-next-move-in-doubt-interest-rate-cuts-are-">need for further easing in November.</a>
The U.S. dollar strengthened, with the dollar index (DXY) climbing to levels last seen in early August. The euro fell 0.4% as the European Central Bank cut interest rates amid weak economic data and ongoing disinflation.
Gold prices, tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), rose 0.5%, setting new records despite rising Treasury yields. The 10-year Treasury yield gained 8 basis points to 4.10%, while the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) slid 1.6%, marking its worst session since early August.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) eased 0.4%, taking a breather after four consecutive sessions of gains.
<h1 class="wp-block-heading">Thursday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % change</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,304.26</td>
<td>0.6%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,865.46</td>
<td>0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,231.61</td>
<td>0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,279.25</td>
<td>-0.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:50 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent101724&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.4% to $584.45.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;inched 0.4% higher to $432.52.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) soared 0.7% to $494.15.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.4% to $226.02.</li>
<li>The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 1%. The Consumer Staples Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) lagged, down 0.5%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
<ul>
<li>Semiconductor stocks rallying Thursday on the heels of strong TSM earnings were Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), up 4%; Lattice Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>), up 4%; Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), up 3.6% and Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), up 3.1%.</li>
<li>Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) soared over 7% to fresh record highs after a strong quarterly report. </li>
<li>Other stocks reacting to company earnings included CSX Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>), down 6%; Kinder Morgan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>), up 0.1%; Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>), up 2%; Equifax Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>), down 2.5%; Steel Dynamics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>), up 6%; Alcoa Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>), down 3%; Marsh &amp; McLennan Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>), up 0.1%; Elevance Health Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>), down 12%; Travelers Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>), up 8%; Truist Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>), down 1.2%; M&amp;T Bank Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>), up 5%; Huntington Bancshares Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>), down 1.8% and KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>), down 1.5%.</li>
<li>Companies slated to report their earnings after the close include Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), Intuitive Surgical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>), Crown Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCK#NYSE">CCK</a>) and Western Alliance Bancorporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>). </li>
</ul>
Read Now:
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<li><a href="https://www.benzinga.com/markets/asia/24/10/41385179/hamas-chief-oct-7-mastermind-yahya-sinwar-possibly-dead-idf-conducts-dna-tests-after-gaza-clash">Hamas Chief, Oct. 7 Mastermind Yahya Sinwar Possibly Dead: IDF Conducts DNA Tests After Gaza Clash</a></li>
</ul>
Photo: Shutterstock

Equities

Large Cap

Macro Economic Events

Sector ETFs

Bonds

Broad U.S. Equity ETFs

Eurozone

Forex

Retail Sales

Small Cap

Treasuries

Econ #s

Economics

Federal Reserve

Tech

ETFs

$BTC

ASML

SPDR Dow Jones Industrial Average ETF Trust

streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

HBAN

ISRG

LSCC

NFLX

NVDA

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

STLD

iShares Trust Barclays 20+ Year Treasury Bond Fund

Chipmakers Rally, Nvidia Smashes Records On TSMC Blowout Earnings, Gold Hits All-Time Highs: What's Driving Markets Thursday?

B of A Securities analyst Jean Ann Salisbury reinstates Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) with a Buy and announces $27 price target.

Initiation

B of A Securities Reinstates Buy on Kinder Morgan, Announces $27 Price Target

Wells Fargo analyst Michael Blum maintains Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) with a Overweight and raises the price target from $22 to $27.

Wells Fargo Maintains Overweight on Kinder Morgan, Raises Price Target to $27

Truist Securities analyst Neal Dingmann maintains Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) with a Hold and raises the price target from $22 to $25.

Truist Securities Maintains Hold on Kinder Morgan, Raises Price Target to $25

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.
<h3 class="wp-block-heading">DHT Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHT#NYSE">DHT</a>)</h3>
<ul>
<li>Dividend Yield: 9.64%</li>
<li>BTIG analyst Gregory Lewis initiated coverage on the stock with a Buy rating and a price target of $16 on Oct. 15. This analyst has an accuracy rate of 74%.</li>
<li>Stifel analyst Benjamin Nolan maintained a Hold rating and raised the price target from $12 to $13 on July 24. This analyst has an accuracy rate of 68%</li>
<li>Recent News: On Oct 9, DHT Holdings said it estimates third-quarter time charter equivalent earnings for its fleet at $42,400 per day.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101724&amp;t=be2bearmibe3na1"> latest DHT news</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101724&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="895" height="836" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17073726/image-139.png" alt="" class="wp-image-600371" style="width:731px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17073726/image-139.png 895w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17073726/image-139-300x280.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17073726/image-139-768x717.png 768w" sizes="(max-width: 895px) 100vw, 895px" /></a></figure>
<h3 class="wp-block-heading">Vitesse Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTS#NYSE">VTS</a>)</h3>
<ul>
<li>Dividend Yield: 8.35%</li>
<li>Alliance Global Partners analyst Jeff Grampp maintained a Buy rating and cut the price target from $28 to $26 on Aug. 7. This analyst has an accuracy rate of 63%.</li>
<li>Roth MKM analyst John White initiated coverage on the stock with a Buy rating and a price target of $30.5 on Oct. 16, 2023. This analyst has an accuracy rate of 69%.</li>
<li>Recent News: On Aug. 5, Vitesse Energy posted downbeat quarterly earnings.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101724&amp;t=be2bearmibe3na1"> latest VTS news</a>.</li>
</ul>
<figure class="wp-block-image is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101724&amp;t=be2bearmibe3na1"><img decoding="async" src="blob:https://editorial.benzinga.com/19417708-7b2c-49b3-ae19-35dee5e6ef0f" alt="" style="width:711px;height:auto" /></a></figure>
<h3 class="wp-block-heading">Kinder Morgan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>)</h3>
<ul>
<li>Dividend Yield: 4.61%</li>
<li>Morgan Stanley analyst Devin McDermott upgraded the stock from Underweight to Equal-Weight with a price target of $24 on Sept. 16. This analyst has an accuracy rate of 80%.</li>
<li>Barclays analyst Theresa Chen maintained an Equal-Weight rating and boosted the price target from $21 to $22 on Sept. 13. This analyst has an accuracy rate of 78%.</li>
<li>Recent News: On Oct. 16, Kinder Morgan reported third-quarter revenue of $3.699 billion, missing the consensus estimate of $3.975 billion, according to Benzinga Pro.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101724&amp;t=be2bearmibe3na1">trend in KMI stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101724&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="910" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17073908/image-141.png" alt="" class="wp-image-600380" style="width:669px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17073908/image-141.png 910w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17073908/image-141-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17073908/image-141-768x711.png 768w" sizes="(max-width: 910px) 100vw, 910px" /></a></figure>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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</figure>
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Kinder Morgan shares are trading lower after the company reported worse-than-expected Q3 financial results and said it expects FY24 Adj. EBITDA and Adj. EPS to be below budget.

Kinder Morgan Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) reported third-quarter financial results after the market close on Wednesday. Here&#8217;s a look at the <a href="https://www.benzinga.com/pressreleases/24/10/b41367646/kinder-morgan-reports-third-quarter-2024-financial-results">key details from the quarter</a>.
Q3 Earnings: Kinder Morgan reported third-quarter revenue of $3.699 billion, missing the&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus estimate</a>&nbsp;of $3.975 billion, according to&nbsp;<a href="https://benzinga.grsm.io/gxjhpowx7zks" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>. The company reported quarterly earnings of 25 cents per share, missing analyst estimates of 27 cents per share.
Distributable cash flow came in at 49 cents per share after the company generated $1.2 billion in cash from operations and approximately $600 million in free cash flow during the quarter.
The company&#8217;s board approved a dividend of $0.2875&nbsp;per share for the&nbsp;third quarter, payable on Nov. 15 to shareholders of record as of Oct. 31.
&#8220;The company had a solid&nbsp;third quarter&nbsp;on increased financial contributions from our Natural Gas Pipelines and Terminals business segments, with Adjusted EBITDA up&nbsp;2%&nbsp;versus the&nbsp;third quarter&nbsp;of 2023. Further, KMI&#8217;s balance sheet remains very strong, as we ended the quarter with a Net Debt-to-Adjusted EBITDA ratio of 4.1 times,&#8221; said Kim Dang, CEO of Kinder Morgan.
&#8220;Discussions around opportunities related to significant new natural gas demand for electric generation associated with coal conversions at power plants, artificial intelligence operations, cryptocurrency mining, data centers and industrial re-shoring also continued during the quarter, and we now see an opportunity set well in excess of 5 Bcf/d in that area.&#8221;
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Outlook: Kinder Morgan had been anticipating full-year 2024 distributable cash flow of $5 and adjusted EBITDA of $8.16 billion, both up 8% year-over-year. The company also previously expected to end the year with a Net Debt-to-Adjusted EBITDA ratio of 3.9 times.
&#8220;Due to lower than budgeted commodity prices and start-up delays on our RNG facilities, partially offset by higher contributions from natural gas transmission and storage, we now expect to be below budget on Adjusted EBITDA by approximately&nbsp;2%&nbsp;and on Adjusted EPS by approximately&nbsp;4%, although we expect Adjusted EBITDA to be up&nbsp;5%&nbsp;and Adjusted EPS to be up&nbsp;9%&nbsp;for the full year versus 2023. We expect to end the year with a Net Debt-to-Adjusted EBITDA ratio of 4.0 times,&#8221; Dang said.
Management will hold a conference call to discuss these results at 4:30 p.m. ET.
KMI Price Action: <a href="http://benzinga.com/quote/kmi">Kinder Morgan shares</a> were up approximately 41% year-to-date heading into the print. The stock was down 3.81% after hours at $23.98 at the time of publication Wednesday, according to <a href="https://benzinga.grsm.io/gxjhpowx7zks" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
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