Kinder Morgan, Inc. KMI SPX

Energy · Oil & Gas Midstream · United States

https://www.kindermorgan.com

Kinder Morgan, Inc. operates as an energy infrastructure company primarily in North America. It operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities. The Products Pipelines segment owns and operates refined petroleum products, and crude oil and condensate pipelines; and associated product terminals and petroleum pipeline transmix facilities. The Terminals segment owns and/or operates liquids and bulk terminals that stores and handles various commodities, including gasoline, diesel fuel, renewable fuel and feedstocks, chemicals, ethanol, metals, and petroleum coke; and owns tankers. The CO2 segment produces, transports, and markets CO2 to recovery and production crude oil from mature oil fields; owns interests in/or operates oil fields and gasoline processing plants; and operates a crude oil pipeline system in West Texas, as well as owns and operates RNG and LNG facilities. The company was formerly known as Kinder Morgan Holdco LLC and changed its name to Kinder Morgan, Inc. in February 2011. Kinder Morgan, Inc. was founded in 1997 and is headquartered in Houston, Texas.

Market & Price

Market Cap

$69.15B

Current Price

$31.08

High / Low (52W)

$34.31 / $25.09

Beta

0.56

Valuation

Stock P/E

20.86

Industry PE

18.25

Forward P/E

20.33

PEG Ratio

3.71

Book Value

$14.08

Price to Book

2.21

P/S

3.95

EV/EBITDA

13.79

Dividend Yield

3.78%

Profitability & Returns

ROCE

6.90%

ROE

10.60%

ROA

4.32%

Profit Margin

18.92%

Op Margin

29.91%

EPS (Latest Qtr)

$0.44

EPS (TTM)

$1.49

Balance Sheet & Liquidity

Debt/Equity

0.99

Quick Ratio

0.32

Current Ratio

0.52

Debt

$32.21B

Total Assets

$72.75B

Current Assets

$2.75B

Working Capital

$-1.57B

Ownership

Promoter Holding

12.77%

Chg in Prom Hold

FII / Inst Holding

70.93%

Chg in FII Hold

0.01%

Financial Snapshot

Enterprise Value

$102.54B

Total Revenue (TTM)

$17.52B

EBITDA

$7.44B

Free Cash Flow

$1.65B

Operating Cash Flow

$6.25B

Shares Outstanding

2.22B

Gross Margin

49.45%

Payout Ratio

78.52%

Growth (CAGR)

Revenue 5Y

-4.09%

Profit 5Y

6.25%

Revenue (YoY)

13.80%

Earnings (YoY)

36.00%

PROS

Attractive dividend yield of 3.78%.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Revenue declined at -4.1% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Energy).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	KMI Kinder Morgan, Inc. SPX	31.08	20.86	$69.15B	3.78%	6.90%	10.60%	-4.09%	6.25%
2	XOM Exxon Mobil Corporation SPX	145.26	24.45	$602.10B	2.84%	11.12%	9.87%	-6.69%	-19.72%
3	CVX Chevron Corporation SPX	182.46	31.73	$363.39B	3.90%	7.21%	6.64%	-7.85%	-29.74%
4	COP ConocoPhillips SPX	113.98	19.32	$138.86B	2.95%	12.63%	11.28%	-9.11%	-24.66%
5	WMB The Williams Companies, Inc. SPX	71.39	31.31	$87.31B	2.94%	9.66%	19.66%	2.91%	8.51%
6	SLB SLB N.V. SPX	54.55	24.03	$81.56B	2.16%	12.08%	14.07%	8.33%	-0.65%
7	VLO Valero Energy Corporation SPX	244.82	17.88	$72.70B	1.96%	8.12%	15.85%	-11.40%	-41.16%
8	MPC Marathon Petroleum Corporation SPX	248.77	16.37	$72.63B	1.57%	13.11%	27.46%	-9.23%	-34.67%
9	EOG EOG Resources, Inc. SPX	133.38	13.13	$71.04B	3.06%	14.00%	18.20%	-8.51%	-13.74%

Quarterly Results

Figures in USD.

Metric	Sep 2013	Mar 2014	Jun 2014	Sep 2014	Mar 2015	Jun 2015	Sep 2015	Mar 2016	Jun 2016	Sep 2016	Mar 2017	Jun 2017	Sep 2017	Mar 2018	Jun 2018	Sep 2018	Mar 2019	Jun 2019	Sep 2019	Mar 2020	Jun 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	3.25B	3.32B	3.35B	3.17B	2.97B	2.95B	2.69B	2.15B	2.52B	5.50B	2.91B	3.62B	4.09B	4.99B	4.89B	3.44B	3.10B	3.54B	3.41B	3.21B	-	-	4.24B	4.04B	4.15B	4.51B	4.83B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.09B	1.83B	2.00B	2.06B	2.38B
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.15B	2.21B	2.14B	2.44B	2.45B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.01B	1.07B	1.08B	1.08B	1.00B
Operating Income	1.04B	1.15B	1.01B	1.33B	1.08B	892.00M	721.00M	816.00M	940.00M	882.00M	977.00M	918.00M	826.00M	949.00M	272.00M	1.51B	1.02B	973.00M	951.00M	43.00M	-282.00M	819.00M	1.89B	-764.00M	844.00M	1.02B	1.01B	931.00M	1.19B	1.03B	938.00M	1.22B	1.04B	-	-	1.15B	1.14B	1.06B	1.36B	1.44B
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.75B	1.76B	1.67B	1.98B	2.08B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	929.00M	919.00M	839.00M	1.30B	1.29B
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	186.00M	177.00M	185.00M	284.00M	287.00M
Net Income	286.00M	287.00M	284.00M	329.00M	429.00M	333.00M	186.00M	315.00M	372.00M	-188.00M	440.00M	376.00M	373.00M	524.00M	-141.00M	732.00M	556.00M	518.00M	506.00M	-306.00M	-637.00M	455.00M	1.41B	-757.00M	495.00M	667.00M	635.00M	576.00M	679.00M	586.00M	532.00M	746.00M	575.00M	-	-	717.00M	715.00M	628.00M	996.00M	976.00M
Diluted EPS	-	0.28	0.27	0.32	0.20	0.15	0.08	0.12	0.15	-0.10	0.18	0.15	0.15	-	-	-	-	-	-	-0.14	-0.28	0.20	0.62	-0.34	0.22	0.29	0.28	0.25	0.30	0.26	0.24	0.33	0.26	-	-	0.32	0.32	0.28	0.45	0.44

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	-	13.32B	12.08B	10.10B	-	19.20B	15.33B	15.10B	16.94B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	11.44B	7.19B	6.69B	7.98B
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	7.76B	8.15B	8.41B	8.96B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	3.69B	3.88B	4.03B	4.23B
Operating Income	1.41B	1.13B	1.42B	2.59B	3.99B	4.45B	2.45B	3.54B	3.53B	3.79B	4.87B	1.56B	-	4.07B	4.26B	4.38B	4.72B
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	6.25B	6.51B	6.74B	7.18B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	3.33B	3.20B	3.41B	3.99B
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	710.00M	715.00M	687.00M	832.00M
Net Income	495.00M	-41.00M	594.00M	315.00M	1.19B	1.03B	253.00M	708.00M	183.00M	1.61B	2.19B	119.00M	-	2.55B	2.39B	2.61B	3.06B
Diluted EPS	-	-	-	-	1.15	0.89	0.10	0.25	0.01	-	0.96	0.05	-	1.12	1.06	1.17	1.37

Compounded Sales Growth

5 Years:	-4.09%
1 Year:	13.80%

Compounded Profit Growth

5 Years:	6.25%
1 Year:	36.00%

Stock Price Performance

1 Year:	+15.44%
6 Months:	+19.43%
3 Months:	-5.72%
1 Month:	-1.48%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Jan 2018	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	28.91B	30.72B	68.25B	75.19B	83.05B	84.10B	80.31B	79.06B	-	78.87B	74.16B	71.97B	-	70.08B	71.02B	71.41B	72.75B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	3.80B	2.54B	2.52B	2.75B
Cash & Equivalents	502.00M	411.00M	714.00M	598.00M	315.00M	229.00M	684.00M	264.00M	-	3.28B	185.00M	1.18B	-	745.00M	83.00M	88.00M	63.00M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	634.00M	525.00M	555.00M	574.00M
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	1.84B	1.59B	1.51B	1.71B
Total Liabilities	20.37B	22.15B	44.15B	46.90B	48.62B	48.70B	45.50B	43.93B	-	43.67B	39.27B	39.41B	-	37.96B	39.29B	39.54B	40.30B
Current Liabilities	3.64B	4.53B	5.23B	6.08B	6.36B	4.07B	5.92B	6.18B	-	7.56B	5.10B	5.07B	-	6.93B	7.22B	5.10B	4.32B
Long Term Debt	13.81B	14.36B	32.00B	33.89B	40.10B	42.41B	37.35B	35.02B	-	33.94B	31.91B	32.13B	-	28.18B	27.85B	29.66B	30.56B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	31.57B	31.89B	31.67B	31.78B
Total Equity	8.54B	8.57B	13.87B	13.09B	34.08B	35.12B	34.43B	33.64B	35.19B	33.68B	33.74B	31.44B	-	30.74B	30.31B	30.53B	31.16B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	2.25B	2.22B	2.22B	2.22B

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	1.58B	1.91B	2.37B	2.81B	4.12B	4.47B	5.31B	4.76B	4.60B	5.04B	4.75B	4.55B	-	4.97B	6.49B	5.63B	5.92B
Investing Cash Flow	-3.47B	-2.29B	-2.39B	-5.10B	-3.12B	-5.21B	-5.71B	-1.62B	-3.40B	-68.00M	-1.71B	-911.00M	-	-2.17B	-4.17B	-2.63B	-3.18B
Financing Cash Flow	1.94B	710.00M	-57.00M	2.58B	-1.09B	471.00M	317.00M	-2.64B	-1.68B	-1.82B	-6.18B	-2.64B	-	-3.15B	-3.01B	-2.89B	-2.84B
Capital Expenditure	-1.32B	-1.01B	-1.20B	-2.02B	-3.37B	-3.62B	-3.90B	-2.88B	-3.19B	-2.90B	-2.27B	-1.71B	-	-1.62B	-2.32B	-2.63B	-3.03B
Free Cash Flow	254.70M	907.00M	1.17B	786.00M	753.00M	850.00M	1.42B	1.88B	1.41B	2.14B	2.48B	2.84B	-	3.35B	4.17B	3.01B	2.89B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-353.00M	-698.00M	119.00M	-105.00M
Share Buybacks	-	-	-	-	172.00M	94.00M	-	0	250.00M	273.00M	2.00M	50.00M	0	368.00M	522.00M	7.00M	0
Dividends Paid	-	700.00M	770.00M	1.18B	1.62B	1.76B	4.22B	1.12B	1.12B	-	-	-	-	-	-	-	-

Ratios (Annual)

Figures in %.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	40.4%	53.1%	55.7%	52.9%
Operating Margin %	-	-	-	-	-	-	-	-	-	28.5%	40.3%	15.5%	-	21.2%	27.8%	29.0%	27.9%
Net Margin %	-	-	-	-	-	-	-	-	-	12.1%	18.1%	1.2%	-	13.3%	15.6%	17.3%	18.0%
ROE %	-	-0.5%	6.9%	2.3%	9.1%	3.0%	0.7%	2.1%	0.5%	4.8%	6.5%	0.4%	-	8.3%	7.9%	8.6%	9.8%
ROCE %	-	4.5%	5.4%	4.1%	5.8%	5.8%	3.1%	4.8%	4.8%	5.3%	7.1%	2.3%	-	6.4%	6.7%	6.6%	6.9%

Shareholding Pattern

Insiders

12.77%

Institutions

70.93%

Public Float

81.31%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	7.82%	173.96M	$5.41B
2	State Street Corporation	5.64%	125.50M	$3.90B
3	Vanguard Capital Management LLC	5.62%	124.95M	$3.88B
4	Vanguard Portfolio Management LLC	3.03%	67.32M	$2.09B
5	Bank of America Corporation	2.79%	62.02M	$1.93B
6	Geode Capital Management, LLC	2.47%	54.94M	$1.71B
7	JPMORGAN CHASE & CO	1.39%	30.97M	$962.46M
8	Charles Schwab Investment Management, Inc.	1.36%	30.37M	$943.78M
9	Morgan Stanley	1.36%	30.27M	$940.78M
10	Goldman Sachs Group Inc	1.01%	22.56M	$701.22M

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KMI · Energy