10:25 AM EDT, 04/28/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Our 12-month target price remains $36, based on a combination of our relative valuation and DCF models. On a relative basis, we apply an 11x multiple of enterprise value to projected '27 EBITDA, slightly above KMI's historical forward average. We think a slight premium is reasonable in light of growing demand for natural gas, helped by the twin secular drivers of LNG exports and data centers, and this multiple yields a value of $33 per share. Meanwhile, our DCF model, using free cash flow growth of 7.8% per year for 10 years and terminal growth of 2.5%, discounted at a WACC of 6.2%, yields intrinsic value of $39 per share. We raise our '26 EPS estimate by $0.12 to $1.48, but cut '27's by $0.03 to $1.47. Although the EIA's estimates of natural gas pricing have come slightly off the boil, we still think pricing in the high $3 per MMBtu range (which is what we see for 2026-2027) is sufficient to encourage incremental demand for gas midstream services, which KMI provides.