Argan, Inc. (AGX)
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Kinder Morgan: the pipeline cash machine still lives under a leverage ceiling
Kinder Morgan reported 2025 revenue of $15.20 billion, operating income of $4.72 billion and operating cash flow of $5.92 billion. The Coverage Bootstrap question is whether natural-gas infrastructure cash flow can keep funding dividends and projects without l
OpenAGX: the power-plant builder now has a $2.9B backlog and a cash pile
Argan finished fiscal 2026 with record backlog, no debt and nearly $895 million of cash and investments. The AGX question is whether Power-heavy backlog converts into profitable revenue without project execution pain.
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