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Scoreboard / KMI

Kinder Morgan KMI

Issue No. 02 pick · July 3, 2026 · Updated July 18, 2026

Energy

Setup Snapshot

The Setup in One Card

How KMI moved and the catalyst behind the move, from its Issue No. 02 write-up. It is not on the current Scoreboard, so it carries no Friday Five Score this week.

Issue No. 02

Original Pick

Week of June 29 to July 2, 2026 Return

KMI-3.40%

Sector Trend

Leading+4.01%

Covered In

Issue No. 02 · July 3, 2026

Catalyst

Structural Demand

Project backlog above $10B, over half tied to data center gas and power

Return measured from the Friday, June 26 close to the Thursday, July 2 close, the week it appeared in Issue No. 02.

Why It Moved

The Story Behind the Move

KMI-3.40% in Week of June 29 to July 2, 2026

Catalyst

Project backlog above $10B, over half tied to data center gas and power

Why It Mattered

The structural story stayed intact, but a soft oil tape dragged the whole energy sector lower and KMI went with it.

Risk Note

It trades at a premium to its own history, and its debt load makes it sensitive to rates staying higher for longer.

Reader Takeaway

A long term thesis does not exempt a stock from a weak sector week. Watch how it acts when energy stabilizes.

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