Kinder Morgan Shares Surge 70.9% in Daily Trading Volume Jumping to 241st in Market Liquidity Rankings

On October 8, 2025, Kinder Morgan (KMI) traded at a 0.46% gain with a trading volume of $0.46 billion, marking a 70.9% surge from the previous day’s activity. The energy infrastructure giant ranked 241st in terms of market liquidity, reflecting renewed institutional interest in its shares following recent operational updates.

Recent developments highlight KMI’s strategic pivot toward renewable energy infrastructure, including the finalization of a $2.1 billion green hydrogen project in Texas. Analysts noted the move aligns with broader decarbonization trends, potentially expanding the company’s revenue streams beyond traditional gas pipelines. Additionally, KMI announced a revised dividend policy, allocating 40% of free cash flow to shareholder returns, a shift from its prior 30% commitment.

Market participants reacted positively to the dividend adjustment, viewing it as a signal of improved capital efficiency. The company also reported preliminary Q3 EBITDA of $1.8 billion, exceeding Wall Street estimates by 8%, driven by higher utilization rates in its Gulf Coast terminals. However, regulatory uncertainties around methane emission standards for natural gas pipelines remain a near-term headwind for sector-wide sentiment.

To ensure I set up the back-test exactly as you intend, could you please help me confirm a few details? 1. Universe • Which market should the “top-500 by volume” list come from (e.g., all U.S. listed equities, only S&P 500 constituents, a specific exchange, etc.)? 2. Portfolio construction • Should the 500 stocks be held in equal weights, or by some other weighting (e.g., proportional to dollar volume)? 3. Execution price • Do you want to buy at today’s close and sell at tomorrow’s close, or buy at tomorrow’s open and sell at tomorrow’s close? 4. Transaction costs / slippage • Should we assume zero costs, or would you like to include an estimate (commission, bid–ask spread, etc.)? 5. Benchmark • Would you like the results compared against a particular benchmark (e.g., S&P 500, equal-weight universe, risk-free rate)? Once I have these particulars, I can lay out the data-gathering plan (daily volumes and prices), generate the trading signals, and run the back-test from 2022-01-01 through today.