Kinder Morgan Outpaces the Dow as BofA Raises Target to $39

Overview

• KMI has gained 20.9% over three months, 22.2% year to date, and 27.6% over 52 weeks versus weaker Dow performance, sits 1.9% below its March 3 high, and has traded above its 50- and 200-day averages since late December 2025.
• Q4 2025 results topped estimates with adjusted EPS of $0.39 versus $0.37 expected and revenue of $4.5 billion, and the company guided to full-year adjusted EPS of $1.36.
• Bank of America on March 4 lifted its price target to $39 and kept a Buy rating, citing greater runway for gas-levered companies and potential growth extending beyond the decade.
• Underlying metrics strengthened with Q4 adjusted EBITDA up 10% year over year and EPS up 22%, supported by projects that could serve more than 10 Bcf per day of power-sector gas demand and an expected 2026 LNG feed-gas average of 19.8 Bcf per day, up 19% from 2025.
• Commentator Jim Cramer labeled KMI a winner but warned the stock’s recent move is parabolic and advised taking some profits, even as the dividend yield sits around 3.45%.