KMI is set to benefit from soaring LNG exports and global demand, backed by its vast U.S. pipeline network and Gulf Coast presence.
Kinder Morgan's stock soars 30% in a year, fueled by a $9.3B project backlog, but new pipeline capacity could weigh on future rates.
CNBC's Leslie Picker breaks down the latest news on CoreWeave.
MS hits a record $148.23 amid a market rally fueled by rate cut hopes, but rising costs and trading reliance pose challenges.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Morgan Stanley upgraded Freeport-McMoRan Inc (NYSE:FCX) to "overweight" from "equal weight," while simultaneously slashing its price target to $48 from $54 this morning.
MSDL's Q2 earnings disappointed, with declining NAV, weak dividend coverage, and rising non-accruals signaling fundamental portfolio issues. Despite a tempting 11% yield and deep discount to NAV, I see the discount as a reflection of ongoing risks, not a buying opportunity. Management struggles to deploy capital into new investments, and net investment income barely covers the dividend, leaving little margin for error.
MSDL remains a high-quality BDC with stable portfolio values and low non-accruals, but recent earnings highlight growing risks. Dividend coverage is now razor-thin, with NII per share barely matching payouts and no margin of safety left. Spread compression and unresolved refinancing risks threaten future earnings, especially if base rates are cut as expected.
MSDL offers a compelling 11%+ dividend yield and trades at a significant discount to NAV, despite strong underwriting and portfolio quality. However, dividend coverage is tight at 1.0x, and the company is facing several growing risks that could force it to cut its dividend. We take a look at the good and the bad at MSDL after its Q2 results and earnings call and share our view on the sustainability of the dividend.
KMI's project backlog jumps to $9.3B in Q2, fueled by LNG demand and rising power needs across key regions.
JP Morgan has reiterated its 'overweight' recommendation on International Consolidated Airlines Group SA (LSE:IAG) after the British Airways owner posted better-than-expected second-quarter results. The shares rallied on the back of the update, with the bank keeping its price target at €5.50 for December 2026, implying nearly 30% upside from current levels.
Kinder Morgan continues to deliver strong, stable cash flows and solid growth, with recent revenue and EBITDA increases driven by higher natural gas prices and expansion projects. The company's acquisition of Outrigger II and a growing project backlog, mostly focused on natural gas, enhance its long-term growth prospects and cash generation. Valuation is only marginally higher than most peers, while leverage remains reasonable and in line with industry standards, supporting a favorable risk profile.