Kinder Morgan's 'Core Business Is Robust Now,' BofA Upgrades Stock
Kinder Morgan's 'Core Business Is Robust Now,' BofA Upgrades Stock
With increasing demand driven by Gulf Coast LNG projects and the electrification of utilities through AI, Kinder Morgan is positioned for long-term growth through its contracted business model.BofA Securities has upgraded Kinder Morgan (NYSE:KMI), an energy infrastructure company that owns and controls oil and gas pipelines and terminals. The analyst notes stabilized base business.
美銀證券已將金德爾摩根(NYSE:KMI)的評級上調，金德爾摩根是一家擁有和控制石油和天然氣管道及碼頭的能源製造行業公司。分析師指出基礎業務已趨於穩定。
The company is scheduled to report third-quarter 2024 earnings on 16 October, with analysts estimating $0.27 for adjusted EPS and $3.95 billion for revenues.
公司計劃於2024年10月16日報告第三季度業績，分析師預計調整後的EPS爲0.27美元，營收爲395億美元。
Amid uncertainty in the energy sector, the analyst recognizes the potential in companies with contracted natural gas pipelines.
在能源板塊存在不確定性之際，分析師認識到與簽訂天然氣管道合同的公司的潛力。
With increasing demand driven by Gulf Coast LNG projects and the electrification of utilities through AI, Kinder Morgan is positioned for long-term growth through its contracted business model.
受到墨西哥灣海岸液化天然氣項目和通過人工智能實現公用事業電氣化推動的需求增加影響，金德爾摩根通過其簽訂合同的業務模式爲長期增長奠定了基礎。
The strength of its natural gas pipeline business, which commands a higher valuation, balances out the declines seen in lower-valued CO and product pipelines.
其天然氣管道業務的實力，獲得更高估值，平衡了低價值二氧化碳和產品管道的下滑。
The analyst has upgraded from Neutral to Buy rating with a price target of $27, up from $23.
分析師將評級由中立上調至買入，並將目標股價由23美元上調至27美元。
Kinder Morgan has demonstrated its ability to supply gas to utilities, similar to Williams Companies Inc (NYSE:WMB), exemplified by the recent sanctioning of a $3 billion, 1.2 Bcf/d SNG pipeline expansion last quarter.
金德爾摩根已展示了向公用事業供應天然氣的能力，類似於威廉姆斯公司(NYSE:WMB)，公司上季度剛剛批准了一項30億美元、每日產能1.2十億立方英尺的SNG管道擴建項目。
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BofA writes that the core business is now robust. Concerns that previously caused hesitation have been resolved, including the Supreme Court halted the Good Neighbor plan, which could have cost Kinder Morgan billions, the Double H pipeline, which represents the only significant contract roll of approximately $30 million in 2024, is transitioning to NGL service, effectively compensating for the prior contract, and recent acreage exchanges are revitalizing oil declines.
美國銀行表示，核心業務現在更加穩固。之前引起猶豫的擔憂已經解決，包括最高法院暫停「好鄰居」計劃，這可能會讓金德爾摩根損失數十億美元，Double H管道，代表2024年約3億美元唯一重要的合同結算，正在轉變爲天然氣液體服務，有效彌補了先前的合同，最近的土地交換正在振興石油產量下降。
Kinder Morgan currently accounts for 45% of LNG deliveries, and the analyst anticipates it will retain this market share.
金德爾摩根目前佔液化天然氣交付量的45%，分析師預計將保持這一市場份額。
More importantly, the rise in power demand driven by electrification and AI is expected to contribute an additional conservative estimate of 4-5 Bcf/d of gas demand by 2030, particularly in regions served by Kinder Morgan pipelines.
更重要的是，由電氣化和人工智能驅動的電力需求增加預計將在2030年前爲金德爾摩根管道服務的地區貢獻額外保守估計每日4-5億立方英尺的燃料幣需求。
Price Action: KMI stock is up 3.56% at $24.56 at last check Friday.
價格走勢：KMI股價上漲3.56%，至24.56美元，在上週五的最後檢查時。
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Image via Shutterstock
圖片來自shutterstock。
譯文內容由第三人軟體翻譯。
