Read about Kinder Morgan's strong financial performance in Q4 and their new pipeline project, but why a hold rating is maintained due to valuation concerns.

Kinder Morgan's (NYSE: KMI) dry spell has come to an end. The natural gas pipeline company had struggled to grow in recent years because of headwinds from expiring contracts. It reported strong earnings growth and unveiled another major new expansion project.

Kinder Morgan will go forward with a $1.7 billion Trident Intrastate Pipeline from Katy, Texas to Port Arthur.