Kinder Morgan, a major U.S. energy-infrastructure company, recently reported strong second-quarter 2025 results. Revenue hit $4.04 billion , up 13.2 % year-over-year. Net income rose 23% from the prior-year period, supported by improved operations in its Natural Gas Pipelines and Terminals segments. The company also elevated its 2025 guidance modestly: management targets adjusted EPS growth of 10 % from 2024. Those are healthy numbers – not hyper-growth like a tech start-up, but solid for a mid-stream energy business. The question for investors is: given these fundamentals, how much upside might the stock offer when viewed through the P/E multiple lens? P/E backdrop and fair-value estimate: Let's Dig-In! Here’s how I’m modelling it, using the established Price to Earnings and a reported earnings increase: Current share price: $25.86. Recent quarter EPS: $0.28 (Q2) vs $0.26 in Q2 2024. Full-year 2024 EPS: approximately $1.15 and 2025 forecast $1.27. Using the current ...
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