KMI is trading at $31.76 (4.3% down) as the stock faces profit-taking and technical resistance following a strong recent run.
- The pullback follows a period of outperformance driven by solid earnings and a robust project backlog, with shares now hitting resistance near recent highs.
- Broader energy-sector volatility is weighing on the stock in after-hours trading despite a lack of fresh company-specific news.
- Market participants appear to be locking in profits as the stock enters a consolidation phase after its recent rally.