
Midstream pipelines have quietly become the income engine of the energy sector in 2026.
Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America. The company specializes in owning and controlling oil and gas pipelines and terminals.
| Revenue (TTM) | $17.52B |
| Gross Profit (TTM) | $8.66B |
| EBITDA | $7.44B |
| Operating Margin | 29.90% |
| Return on Equity | 10.60% |
| Return on Assets | 4.32% |
| Revenue/Share (TTM) | $7.88 |
| Book Value | $14.08 |
| Price-to-Book | 2.31 |
| Price-to-Sales (TTM) | 4.12 |
| EV/Revenue | 5.94 |
| EV/EBITDA | 13.89 |
| Quarterly Earnings Growth (YoY) | 36.00% |
| Quarterly Revenue Growth (YoY) | 13.80% |
| Shares Outstanding | $2.22B |
| Float | $1.93B |
| % Insiders | 12.69% |
| % Institutions | 70.86% |
Volatility is currently expanding

Midstream pipelines have quietly become the income engine of the energy sector in 2026.

Kinder Morgan (KMI) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

The energy infrastructure sector includes a range of different business models, from gathering systems at the wellhead to long-haul pipelines and export facilities. Comparing midstream companies without a standardized framework of midstream classifications can be difficult.

KMI, MPLX and WMB look poised to withstand oil-price swings as fee-based contracts and pipeline assets support stable midstream revenues.

KMI's growth story is driven by rising LNG exports and U.S. power demand, backed by a $10.1B project backlog focused on natural gas infrastructure.

Kinder Morgan (KMI) closed the most recent trading day at $33.01, moving +1.29% from the previous trading session.

Income investors heading into the back half of 2026 face a familiar tension: stretched broad-market multiples versus a shrinking pool of stocks that actually grow their dividends through cycles.

Kinder Morgan remains a "Buy," driven by upside potential in the stock price rather than its dividend yield. KMI's Q1 revenues rose 13.8%, and adjusted EBITDA grew 18%, supported by higher commodity sales and expansion projects. 65% of KMI's cash flow is secured by take-or-pay contracts, providing predictable income amid rising energy demand from AI and data centers.

Kinder Morgan offers a nearly 4% dividend yield, underpinned by dominant U.S. natural gas infrastructure and robust cash flow. KMI's $10.1 billion growth backlog, 92% focused on natural gas, is set to deliver multi-decade contracted EBITDA growth at attractive multiples. With a 3.8x net debt/EBITDA ratio and $5.6 billion DCF projected for 2026, KMI can fund dividends and capital projects while maintaining balance sheet strength.

Kinder Morgan's contracted cash flows and strong balance sheet support growth investments and $2.7B in planned shareholder returns in 2026.