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Is Kinder Morgan Returning to Growth?

TheMotleyFool

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Kinder Morgan (NYSE: KMI) just reported excellent Q2 2021 earnings and raised its guidance. The pipeline giant is on its way to generating its highest distributable cash flow (DCF) and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in five years, as oil and natural gas prices remain at solid levels.

The company just made two key acquisitions that will grow its natural gas business and give it exposure to the emerging renewable natural gas (RNG) industry. These acquisitions, paired with a rich project backlog, give Kinder Morgan plenty of outlets to increase its earnings.

Given this backdrop, is Kinder Morgan finally returning to growth? And if so, is that necessarily a good thing?

Source Fool.com

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