Kinder Morgan executive chairman Richard Kinder buys $15M in stock

In a significant move on November 6, 2026, Kinder Morgan executive chairman Richard Kinder purchased 500,000 shares of Class P Common Stock, amounting to $14,994,200. The shares were bought at prices between $29.92 and $29.99, with an average price of $29.9884 per share. This acquisition comes amid a 11% decline in the stock's value over the past week, though it is still considered undervalued by InvestingPro's Fair Value analysis.

Currently valued at $67.25 billion, Kinder Morgan sports a P/E ratio of 18.72 and boasts a market capitalization of $67.25 billion.

Following this transaction, Mr. Kinder now owns 246,712,353 shares directly and has indirect beneficial ownership of 61,479 shares through his spouse. A further 11,812,747 shares are held by a limited partnership, with Mr. Kinder disclaiming 99% of any beneficial interest. Kinder Morgan posted strong financial results for Q3 2026, with adjusted net income at $792 million or $0.35 per share, a 21% increase from the same period last year, surpassing analysts' estimates.

Revenue also exceeded expectations by 3.6%, driven by higher LNG-related and intrastate natural gas volumes. This performance prompted Freedom Broker to upgrade the stock to a Buy rating, raising its price target to $39. Meanwhile, Kinder Morgan announced final investment decisions for two major projects, the Southeast Connector and Permian Link, increasing its project backlog to approximately $14.4 billion.

Mizuho and UBS also raised their price targets for the stock to $39 and $43 respectively, while Argus and Stifel maintained a Buy rating but with higher price targets.

Analysts seem optimistic about Kinder Morgan's strategic initiatives and financial performance, highlighting the company's substantial project backlog and recent strong financial results.