Kinder Morgan: 3 Key Takeaways for Long-Term Investors

Kinder Morgan announced $5.4 billion in new infrastructure projects, expanding its backlog to a record $14.4 billion. The company secured long-term 20-year take-or-pay contracts with investment-grade customers, providing predictable cash flow growth through 2032. With $3 billion in annual cash flow, Kinder Morgan can fund expansion while maintaining leverage near 3.5x without excessive debt.