Kinder morgan stock forecast

(NYSE: KMI) currently makes most of its money supporting the natural gas market (64% of its current business mix is natural gas-related). However, the company has a meaningful carbon dioxide segment (10% of its earnings). That business could grow into a much larger future contributor for the midstream giant. 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. Seasonal demand trends bolster Kinder Morgan stock forecast, with winter heating needs likely to keep pipeline volumes elevated over the next two quarters.