RBC Capital analysts provided their outlook on Kinder Morgan, Inc. (NYSE:KMI) ahead of upcoming Q3 earnings, scheduled to be announced on Oct 19.

The analysts updated their estimates as they mark-to-market commodity prices for Q3, as well as incorporating the previously announced sale of a 25.5% interest in Elba Liquefaction and the previously announced acquisition of North American Natural Resources.

The analysts now estimate Q3 adjusted EBITDA of $1.812 billion, compared to the Street estimate of $1.845 billion. For the full 2022-year, the analysts expect an adjusted EBITDA of $7.577 billion, compared to the Street estimate of $7.545 billion. The analysts maintained their Sector Perform rating and a price target of $20 on the company’s shares.