Strong demand in LNG export markets continues to lift Kinder Morgan stock forecast outlook, with analysts anticipating 2024 EPS growth of 3-4%. Investor focus remains on regulatory approvals for expansion projects that could further drive revenue streams. Kinder Morgan believes its existing infrastructure and expertise put it in an excellent position to capture future CCS opportunities. According to one industry estimate, the U.S. will need to invest nearly $225 billion through 2050 in building about 70,000 miles of pipeline to transport carbon dioxide to sequestration and utilization sites. Meanwhile, the country will need to invest another $80 billion in developing those storage sites. Kinder Morgan has the expertise and existing infrastructure in both areas, which should give it a leg up on capturing future investment opportunities. In the case of Kinder Morgan, the consensus sales estimate of $3.88 billion for the current quarter points to a year-over-year change of +8.7%. The $16.52 billion and $17.47 billion estimates for the current and next fiscal years indicate changes of +9.4% and +5.8%, respectively. Latest market sentiment for Kinder Morgan stock forecast remains moderately bullish, with dividend yield at ~6.2% attracting income-focused investors. Pipeline capacity expansions are expected to boost 2024 cash flows, aligning with sector expectations in midstream energy infrastructure.
