Kinder Morgan Stock Soars in 2023, Outperforming Market.
March 26, 2023
Trending News ☀️
Kinder Morgan ($NYSE:KMI) Inc. stock had a strong performance on Friday, outperforming the market and soaring to new heights in 2023. Analysts attributed the surge in stock prices to the company’s strong quarterly earnings report and robust growth prospects. Kinder Morgan has had a stellar year, exceeding expectations and outperforming the broader market. The company has established itself as a leader in the energy industry and is well-positioned to continue growing in the years ahead.
The company has increased its dividend payments each year for the past five years and has plans to expand its assets in the near future. Investors have responded positively to Kinder Morgan’s stock performance, with many touting it as a reliable long-term investment. With strong financials, continued growth potential, and a steady dividend, Kinder Morgan Inc. stock is set to remain a force in the market for years to come.
Price History
Kinder Morgan Inc. has had mostly positive news sentiment throughout the year, and its stock has been an outperformer in the market this year. On Friday, the stock opened at $16.2 and closed at $16.8, up by 2.4% from prior closing price of 16.4. This is indicative of the company’s solid performance, and investors are confident in the future of the company. The stock has been performing well on the back of strong earnings and revenue growth, and investors have been quick to capitalize on the opportunities offered by the stock. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kinder Morgan. More…
| Total Revenues | Net Income | Net Margin |
| 19.2k | 2.54k | 13.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kinder Morgan. More…
| Operations | Investing | Financing |
| 4.97k | -2.17k | -3.15k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kinder Morgan. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 70.08k | 37.96k | 13.68 |
Key Ratios Snapshot
Some of the financial key ratios for Kinder Morgan are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.3% | 0.8% | 21.0% |
| FCF Margin | ROE | ROA |
| 17.4% | 8.2% | 3.6% |
Analysis
GoodWhale has conducted an analysis of KINDER MORGAN‘s wellbeing. Based on the Star Chart, KINDER MORGAN is strong in dividend, medium in growth, profitability and weak in asset. Its intermediate health score of 6/10 with regard to its cashflows and debt point to its ability to sustain future operations in times of crisis. We have classified KINDER MORGAN as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. For investors interested in companies like KINDER MORGAN, we recommend considering several factors such as the company’s dividend yield, debt levels, and growth potential. Furthermore, it is important to look at the company’s financials within the context of its industry and compare it across peers to gain a better understanding of its performance. More…
Peers
Kinder Morgan Inc is a leading pipeline transportation and energy storage company in North America. The company operates in three segments: Natural Gas Pipelines, Products Pipelines, and Terminals. Kinder Morgan’s competitors include ONEOK Inc, Kinetik Holdings Inc, and Keyera Corp.
– ONEOK Inc ($NYSE:OKE)
ONEOK Inc. is one of the largest energy midstream service providers in the United States. It owns and operates natural gas liquids (NGL) gathering, processing, transportation and storage assets, as well as natural gas pipelines. The company’s NGL business includes the gathering, processing and transportation of NGLs, as well as the storage and marketing of propane, butane and natural gasoline. The company’s natural gas business includes the transportation of natural gas through an interstate natural gas pipeline system.
– Kinetik Holdings Inc ($NASDAQ:KNTK)
Kinetik Holdings Inc is a publicly traded company with a market capitalization of 1.54 billion as of 2022. The company has a return on equity of 5.46%. Kinetik Holdings is engaged in the business of providing a range of energy storage solutions. The company’s products are used in a variety of applications including automotive, residential, commercial and industrial.
– Keyera Corp ($TSX:KEY)
Keyera Corp is a Canadian company that owns and operates energy infrastructure assets. Its business segments include natural gas gathering and processing, natural gas liquids (NGL) extraction and fractionation, transportation, storage and marketing, and power generation. The company has a market cap of 6.31B as of 2022 and a Return on Equity of 17.57%.
Summary
Kinder Morgan Inc. (KMI) has seen its stock soar in 2023, outperforming the overall market. Analysts attribute this increase to the company’s strong financial performance and robust business strategy. Furthermore, the company has invested heavily in new technologies and diversified their portfolio to include renewable energy projects. Overall, investing in KMI is a safe bet for investors looking for steady returns in the long run.
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