Kinder Morgan, Inc. (NYSE:KMI) is one of the 12 Best American Energy Stocks to Buy Right Now. On July 22, UBS reiterated a Buy rating for Kinder Morgan, Inc. (NYSE:KMI) with a price target of $38, highlighting growth opportunities driven by rising power demand.
UBS noted that Kinder Morgan, Inc. (NYSE:KMI) placed $750 million worth of projects into service during the second quarter of 2025. Despite this, the company’s project backlog still increased by $500 million to $9.3 billion by the end of the quarter.
Aerial view of an oil and gas pipeline, spanning vast landscapes.
The firm pointed out that about 50% of these projects in the backlog are related to serving power demand.
Kinder Morgan, Inc. (NYSE:KMI) is one of the largest energy infrastructure companies in North America. It owns and operates pipelines and terminals that transport natural gas, gasoline, and crude oil.
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Disclosure: None. This article is originally published at Insider Monkey.