UBS Reiterates Buy Rating on Kinder Morgan (KMI)

UBS analyst Manav Gupta reiterated a Buy rating and $38.00 price target on Kinder Morgan (NYSE: KMI).

The analyst commented, "KMI started the midstream earnings season on a strong note, with earnings beat and backlog growth both coming in ahead of street expectations. Despite placing almost $750MM of projects in service in just 2Q25, the net backlog still went up by $0.5Bn, which in our opinion is a major positive. KMI's existing asset footprint and strong track record with delivering projects are key reasons we believe the company has been able to continue growing its backlog in a competitive environment."

For an analyst ratings summary and ratings history on Kinder Morgan click here. For more ratings news on Kinder Morgan click here.

Shares of Kinder Morgan closed at $27.91 yesterday.

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