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Kinder Morgan Inc.

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Kinder Morgan posted second-quarter 2016 earnings of $0.15 a share from continuing operations, in-line with both the Zacks Consensus Estimate and the year ago quarter. Going forward the company’s significant investments in a number of projects should help drive growth in the coming years. We also like the company’s focus on stable, fee-based, well-diversified assets and its strong balance sheet. However, continued weakness in the sector has taken a toll on Kinder Morgan’s project backlog. Also, reduced midstream volumes and lower output in the commodities biz will impact KMI in the near term. Considering these factors, we see limited upside for KMI shares from current levels.

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