KMI

Kinder Morgan
D

KMI

Arincen70/100B

If you had invested in Kinder Morgan ago, it would be worth $2,588 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

70/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength2

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Kinder Morgan key facts

Style
Dividend stock · 7.5/10Growth 4.4 · Value 4.9 · Dividend 7.5
Day range
32.100 – 32.500
52-week range
26.240 – 34.810
Market capitalization
71.69B USD
P/E
19.86
PEG ratio
2.63
EPS
1.62
Div Yield
3.70%
EPS growth forecast (FY2026)
+21.4%
Volume
24,607
Beta
0.57
ESG score
62.9/100Environment 53 · Social 67 · Governance 69
Sector
Energy
Industry
Oil & Gas Midstream
CEO
Kimberly Allen Dang
Employees
11K
IPO date
11 Feb 2011

Kinder Morgan earnings

Next earnings · Q4 FY2026
EPS estimate
0.38 USD
Revenue estimate
4.46B USD
Last quarter · Q3 FY2026
EPS0.35Beat +9.2%Revenue4.53BBeat +3.6%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20280.38———4.91B———
Q2 FY20280.38———4.81B———
Q1 FY20280.45———5.13B———
Q4 FY20260.38——-2.56%4.46B——-1.06%
Q3 FY20260.320.35+9.17%+20.69%4.37B4.53B+3.59%+9.29%
Q2 FY20260.320.37+15.37%+32.14%4.22B4.48B+5.98%+10.76%
Q1 FY20260.400.48+21.24%+41.18%4.63B4.83B+4.35%+13.49%
Q4 FY20250.360.39+6.91%+21.88%4.32B4.51B+4.37%+13.64%
Q3 FY20250.290.29-0.99%+16.00%3.98B4.15B+4.22%+12.79%
Q2 FY20250.280.28+0.11%+12.00%3.83B4.04B+5.57%+12.37%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Kinder Morgan analyst forecast

12-month price target
37.67 USD
+17.06%

Analysts' 1-year price targets range from 34.00 to 43.00, with an average of 37.67.

Past year
1-year forecast
Strong sellStrong buy
Hold
13 ratings
Buy
5
Hold
8
Sell
0

12-month price target

Highest target43.00
Average target37.67
Lowest target34.00
Current price32.18

Kinder Morgan valuation

Price to earnings ratio (TTM)
19.86
Forward P/E (FY2026)
20.40
Price to sales (TTM)
3.91
Price to book
2.27
EV / EBITDA (TTM)
13.49

Capital structure

Market capitalization
71.69B USD
+
Total debt
33.07B USD
−
Cash and short-term investments
918.00M USD
=
Enterprise value
103.84B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)19.23————
FY2027 (est.)20.7719.23———
FY2026 (est.)20.4020.77———
Now (TTM)19.8620.723.912.2713.49
FY202520.0717.423.611.9612.49
FY202423.4221.364.041.9912.20
FY202316.6414.932.601.309.92
FY202216.1416.532.091.3310.30
FY202120.3313.812.051.1711.74

Kinder Morgan against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Targa Resources, MPLX Lp, Enterprise Products Partners L.P., Cheniere Energy, The Williams Companies, and ONEOK, the US Oil & Gas Midstream companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median19.9
    14.344.7
  • Gross marginHighest in 5 years43.7%
    28.1%43.7%
    Against its peers: 2 of 7Peers' median 27.7%
  • Operating marginAt its median28.4%
    22.6%30.1%
    Against its peers: 3 of 7Peers' median 23.9%
  • Net marginHighest in 5 years18.0%
    10.2%18.0%
    Against its peers: 4 of 7Peers' median 16.5%
  • Return on equityHighest in 5 years9.8%
    5.8%9.8%
    Against its peers: 7 of 7Peers' median 27.4%
  • Free cash flow marginLowest in 5 years17.1%
    17.1%27.5%
    Against its peers: 2 of 7Peers' median 7.8%
  • Revenue growthAbove its median12.5%
    -22.5%52.7%
    Against its peers: 4 of 7Peers' median 11.1%
  • EPS growthAt its median17.1%
    -5.4%1,566.7%
    Against its peers: 4 of 7Peers' median 16.0%
  • Debt to EBITDABelow its median4.31×
    4.21×5.75×
    Against its peers: 7 of 7Peers' median 3.61×
  • Current ratioAbove its median0.64
    0.350.66
    Against its peers: 6 of 7Peers' median 0.82

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Kinder Morgan growth and profitability

Revenue (TTM)
18.34B USD
Net income (TTM)
3.60B USD
Gross margin
56.67%
Operating margin
28.97%
Net margin
19.64%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202516.95B+12.45%3.06B+16.95%43.66%28.39%18.03%7.48B-1.94%
FY202415.07B-0.55%2.61B+9.28%36.67%29.08%17.34%7.63B+5.13%
FY202315.16B-22.49%2.39B-6.16%33.87%26.69%15.78%7.26B+3.22%
FY202219.55B+11.53%2.55B+42.83%28.15%22.63%13.03%7.03B+20.15%
FY202117.53B+52.74%1.78B+1,399.16%36.30%30.14%10.18%5.85B+32.59%

Kinder Morgan revenue breakdown

By product

FY2025
Natural Gas Pipelines: 64.9%Products Pipelines: 15.8%Terminals: 12.4%CO2: 6.9%64.9%Natural Gas Pipelines15.8%Products Pipelines12.4%Terminals6.9%CO2
SegmentRevenueShare of revenueChange on the year
Natural Gas Pipelines11.01B64.9%+23.1%
Products Pipelines2.69B15.8%-9.1%
Terminals2.10B12.4%+4.1%
CO21.17B6.9%-2.8%

By region

FY2025
United States: 99.9%Mexico: 0.1%99.9%United States
RegionRevenueShare of revenueChange on the year
United States16.93B99.9%+12.4%
Mexico11.00M0.1%-74.4%

How Kinder Morgan makes its money

Natural Gas Pipelines11.01B 64.9%
Products Pipelines2.69B 15.8%
Terminals2.10B 12.4%
CO21.17B 6.9%
Revenue16.95B 100.0%
Cost of revenue9.55B 56.3%
Gross profit7.40B 43.7%
Selling and administration936.00M 5.5%
Other operating expenses1.65B 9.8%
Operating income4.81B 28.4%
Tax832.00M 4.9%
Other expense924.00M 5.5%
Net income3.06B 18.0%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Kinder Morgan dividends

Annual dividend
1.19 USD
Dividend yield (indicated)
3.70%
Payout ratio
73.15%
Years of dividend growth
9
Frequency
Quarterly
Next payment
0.30 USD
Last ex-dividend date
2 Nov 2026
Next payment date
16 Nov 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share1.171.151.131.101.071.040.950.730.500.50

Kinder Morgan financial health

Cash and short-term investments
918.00M USD
Total debt
33.07B USD
Net cash
-32.16B USD
Free cash flow (TTM)
3.08B USD
Current ratio
0.67
Debt to equity
1.05
Piotroski score
8 / 9
Altman Z-score
1.21

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY2025109.00M32.22B2.89B
FY202488.00M32.14B3.01B
FY202383.00M32.40B4.17B
FY2022745.00M32.08B3.35B
FY20211.14B33.64B4.43B

Kinder Morgan ownership

Institutions
70.94%
Institutional holders
1,903 (-4)
Free float
86.91%

Who owns the shares

Institutions 70.9% Others 29.1%
As of 30 Jun 2026

Shares free to trade

Free float 1.94B shares ·86.9% Closely held 291.61M shares ·13.1%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 202611500.00K3.15K
Q3 2026042.43M1.92M
Q2 2026060.0023.15K
Q1 20261613.74K48.05K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY20252.23B2.23B+0.23%
FY20242.22B2.22B-0.63%
FY20232.23B2.23B-1.06%
FY20222.26B2.26B-0.35%
FY20212.27B2.27B+0.13%

Source: Financial Modeling Prep

Related Instruments

Title: Kinder Morgan

Sector: Energy
Industry: Oil & Gas Midstream
Kinder Morgan operates natural gas, crude oil, and refined products pipelines connecting producing regions to demand centers. It is principally involved in the gathering, storage, and transmission of natural gas across the continental United States. It also operates distribution centers for refined products along with the largest fleet of Jones Act-compliant tankers.

Common questions about Kinder Morgan stock