Michael P. Garthwaite, who serves as a vice president at Kinder Morgan, executed a sale of 1,550 shares of the company's Class P common stock on March 16, 2026. The proceeds from the transaction amounted to $51,608.
The shares moved at a weighted average price of $33.296 apiece. Individual sale prices recorded in the transaction ranged from $33.275 to $33.3101. After the disposition, Garthwaite retained direct ownership of 46,393 Kinder Morgan shares.
The sale was carried out pursuant to a pre-established 10b5-1 trading plan that Garthwaite adopted on December 9, 2025. The use of such a plan indicates the trade followed a previously arranged schedule rather than being executed ad hoc.
Company results and analyst responses
Kinder Morgan reported fourth-quarter 2025 results that topped expectations in several respects. Management attributed the stronger showing primarily to performance in the company’s Gas segment, with adjusted metrics contributing to an outperformance versus forecasts. The reported quarter exceeded Goldman Sachs estimates by 2% and consensus forecasts by 3%.
In the wake of the quarterly release, Goldman Sachs reiterated its Buy rating on Kinder Morgan and maintained a price target of $32.00. Freedom Capital Markets moved its recommendation for the stock from Sell to Hold, citing the outperformance versus consensus adjusted EPS estimates by 8.3% as a driver for the change. Stifel adjusted its view on valuation by raising its price target for Kinder Morgan to $33, based on its 2027 projections, while keeping a Hold rating.
Market commentary from research firms added differing perspectives. Wolfe Research flagged caution across energy names, including Kinder Morgan, noting the potential for a pullback after a 30% year-to-date advance for the group. Separately, UBS reiterated a Buy on ExxonMobil, calling out potential benefits tied to the Golden Pass LNG project and a broader increase in demand for LNG exports.
What the filing shows
The transaction filing documents the mechanics and timing of the sale and confirms the continued direct ownership level for Garthwaite following the trade. The use of the 10b5-1 plan and the narrow range of execution prices are consistent with an orderly, prearranged disposition.