08:10 AM EDT, 10/27/2025 (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 of $30, cut by $1, reflects a combination of relative value and DCF models. On a relative basis, we apply an 11.3x multiple of enterprise value to projected 2026 EBITDA, slightly above KMI's historical forward average, and yielding a value of $29 per share. We think the premium multiple is reasonable given higher growth potential for natural gas from LNG and data centers. Our DCF model, assuming medium-term free cash flow growth of 4%, terminal growth of 2%, and discounted at a WACC of 6.3%, yields a value of $30 per share. We keep our 2025 and 2026 EPS estimates at $1.28 and $1.38, respectively. Project backlog remained firm at $9.3 billion at the end of Q3, with about $0.5 billion in new projects placed into service in Q3 replaced by new backlog additions. About 90% of the backlog is tied to natural gas activity, and while we are not especially optimistic on pricing for natural gas in 2026, we do think prices will stay at least high enough to not stymie producers' plans.