Freedom Capital Upgrades Kinder Morgan to Hold with $32 Target; Q4 EBITDA Up 10%
Freedom Capital raised Kinder Morgan’s rating from Sell to Hold with a $32 price target, citing fair valuation and limited upside. The firm expects rising seasonal gas demand to bolster Q1 2026, following Q4 2025 results showing 10% adjusted EBITDA growth and 22% adjusted EPS growth.
1. Rating Upgrade Details
On January 28, Freedom Capital upgraded Kinder Morgan from Sell to Hold, assigning a $32 price target. The firm noted that the stock was trading near fair value with limited short-term upside potential.
2. Seasonal Demand Outlook
Analysts anticipate that rising seasonal natural gas demand will support a stronger Q1 2026 performance for Kinder Morgan’s pipeline and storage operations.
3. Q4 2025 Financial Performance
In Q4 2025, Kinder Morgan delivered 10% year-over-year growth in adjusted EBITDA and a 22% increase in adjusted EPS, driven by natural gas infrastructure expansions and the Outrigger acquisition.
4. Analyst Consensus
Jefferies reiterated a Hold rating with a $31 target on January 26, reflecting broad Street views that the stock offers modest upside despite solid operational results.