Houston, Texas-based Kinder Morgan, Inc. (KMI) operates as an energy infrastructure company. Valued at $54.9 billion by market cap, the company owns and operates pipelines that transport natural gas, gasoline, crude oil, carbon dioxide, and other products, as well as terminals that store petroleum products and chemicals and handle bulk materials like coal and petroleum coke.
Shares of this midstream giant have outperformed the broader market considerably over the past year. KMI has gained 58.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 35.8%. In 2024, KMI stock is up 49.4%, surpassing the SPX’s 24.3% rise on a YTD basis.
