Analysts anticipate Kinder Morgan will report Q1 2026 revenue of $4.65 billion and EPS of $0.38, with the current share price of $32.29 trading at a discount to the consensus target of $34.33.
The central focus for investors this quarter is the record $10 billion project backlog, which is increasingly driven by surging demand for natural gas to power AI data centers.
Recent guidance indicates that 60% of these infrastructure projects are now tied to power generation demand, reflecting a significant shift in long-term capacity requirements. Additionally, robust fee-based contracts and expanding LNG export connectivity provide high visibility for the company’s projected $8.7 billion in 2026 adjusted EBITDA.