Analysts anticipate Kinder Morgan will report Q2 2026 revenue of $4.20 billion and adjusted earnings of $0.31 per share, as the stock trades near $32.40 against a consensus price target of $34.71.
Investors are primarily focused on the company’s $10.1 billion project backlog, which has swelled due to unprecedented natural gas demand from AI-driven data centers.
This fundamental tailwind is supported by record transport volumes and the recent strategic acquisition of the Monument Pipeline serving the Houston market. Management’s ability to convert this record backlog into reported EBITDA remains the critical catalyst for the stock’s performance in the second half of 2026.