Kinder Morgan Shares Slip 1% to $32.96 as Q1 EPS Seen Rising 8.8%
Kinder Morgan shares fell 1.02% to $32.96, underperforming the S&P 500’s 0.21% loss, yet have climbed 7.45% year-to-date. Analysts project Q1 EPS of $0.37 (+8.8% y/y) on $4.51 B revenue (+6.3%) and assign a Forward P/E of 24.0 versus the 19.4 industry average.
1. Recent Trading Performance
Kinder Morgan closed at $32.96, down 1.02% from the prior session, underperforming the S&P 500’s 0.21% loss, the Dow’s 0.07% drop and the Nasdaq’s 0.01% gain. Year-to-date, shares have risen 7.45%, outpacing the Oils-Energy sector’s 6.06% advance and offsetting broader market weakness.
2. Earnings and Revenue Outlook
For the upcoming quarter, analysts forecast EPS of $0.37, an 8.8% increase from last year, and revenue of $4.51 billion, up 6.3%. Full-year projections call for $1.39 EPS (+6.9%) on $17.75 billion revenue (+4.8%), reflecting steady growth in pipeline and storage operations.
3. Valuation Metrics
The stock trades at a Forward P/E of 24.0, a premium to the 19.4 average in the Oil and Gas – Production and Pipelines industry, and carries a PEG ratio of 3.07 versus the industry’s 1.66. This elevated valuation underscores market expectations for sustained earnings growth.
4. Analyst Ratings and Revisions
Analysts maintain a consensus Hold rating on the shares, with the Q1 EPS estimate rising 2.0% over the past month. Recent upward revisions suggest improving near-term business trends and investor sentiment toward Kinder Morgan’s cash flow outlook.