03:35 PM EDT, 07/17/2025 (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 of $31, cut by $4, reflects a combination of a relative valuation model ($30 per share, based on an 11.5x multiple of enterprise value to projected 2026 EBITDA, slightly above KMI's historical forward average) and our DCF model ($32 per share). We think a relative premium is merited by KMI's strong position in supplying natural gas to the LNG export market, which we see growing over the next three to five years, as well as stronger gas pricing. We cut our 2025 EPS estimate by $0.02 to $1.28 and 2026's by $0.08 to $1.38, in part to reflect some degree of cost inflation related to tariffs. We note that while KMI has taken steps to mitigate such cost hikes, those efforts are not likely to provide full protection on all projects. We remain encouraged by KMI's depiction of longer-term gas fundamentals, notably a view that demand could rise 20% through 2030 (an implied CAGR of 3.7% per year from 2025 to 2030).