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Goldman Sachs

June 10, 2026

Kinder Morgan Inc. 2Q26 Preview

Quarterly UpdateEquitiesEnergy

Goldman Sachs provides a preview for Kinder Morgan's 2Q26 results, expecting $2.053bn in EBITDA. The report highlights the Monument acquisition and favorable commodity trends as key growth drivers.

Key Takeaways

  • 1.Expect 2Q26 EBITDA of $2.05b, slightly above guidance of $2.01b but in line with consensus.
  • 2.Western Gateway project FID is a key event to watch in coming months, with potential for summer announcement.
  • 3.Maintained Buy rating with $35 price target, citing project backlog and commodity price tailwinds.

Table of Contents

  • Key Focus Areas
  • 2Q26 Expectations
  • Valuation and Risks
  • Disclosure Appendix

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