Kinder Morgan (KMI) reported a robust first quarter, with earnings surging 38% year-over-year to $0.44 per share, driven by heightened demand for U.S. oil and liquefied natural gas (LNG) amid the ongoing conflict in Iran. This geopolitical tension has prompted countries to seek alternative energy supplies, benefiting Kinder Morgan’s diverse operations, particularly its natural gas pipeline segment, which saw a 17% increase in earnings before depreciation and amortization.

The company’s strong performance across all business segments allowed it to raise its dividend by 2%, extending its growth streak to nine consecutive years and boosting its yield to 3.8%. With a backlog of $10.1 billion in projects and a pipeline expansion strategy fueled by increasing LNG demand, Kinder Morgan is well-positioned for continued growth.

For market professionals, Kinder Morgan’s ability to capitalize on geopolitical shifts and its strong earnings trajectory suggest it could be a compelling addition for those seeking high-yield investments in the energy sector.

Source: fool.com