Read about Kinder Morgan's strong financial performance in Q4 and their new pipeline project, but why a hold rating is maintained due to valuation concerns.

Kinder Morgan's (NYSE: KMI) dry spell has come to an end. The natural gas pipeline company had struggled to grow in recent years because of headwinds from expiring contracts. It reported strong earnings growth and unveiled another major new expansion project.

Kinder Morgan (NYSE: KMI) Q4 2024 Earnings Call Jan 22, 2025, 4:30 p.m. ET

Kinder Morgan 's ( KMI 1.10%) main growth drivers in recent years have been its organic expansion projects. The natural gas pipeline giant has completed billions of dollars in projects and has more in the works. They've helped give it the fuel to increase its 4%-yielding dividend, which management has hiked for seven straight years.