Kinder Morgan, Inc.

US$29.96As of Sun 8 Nov 2026, 12:00 UTC

NYSE:KMIEnergy

Country USA

PE (Fwd) •••

TSR 10Y CAGR 9.35%

Div yield 3.97%

ROE 11.43%

Oil & Gas Midstream

Beta (5Y) 0.57

PE TTM 18.60

TSR TTM 20.04%

Mkt cap US$66.74B

ROIC 6.28%

SE Grade™

—

Value

Quality

Moat

Consensus

Reference

$35

18.05%

0.47%

Hold 3|2|5|8|9

TTM

FYE 31 Dec USD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

12.03

Revenue$B

8.474

9.027

9.285

9.819

10.41

10.69

11.07

11.52

11.98

12.53

12.46

3.79%

4.45%

28.26

Revenue growth%

11.62

12.67

15.27

16.26

17.47

17.58

18.17

18.67

18.89

18.40

9.27

18.40

17.52

2.94

Gross margin%

4.97

2.08

1.47

0.41

3.08

2.52

4.30

1.47

1.38

0.40

4.08

1.47

1.78

13.51

Operating margin%

0.40

1.60

3.29

6.16

3.43

6.06

4.07

3.53

0.83

1.17

8.12

3.53

3.36

4.23

Net margin%

2.79

0.40

2.39

0.40

2.62

1.65

1.68

0.40

5.17

1.65

1.02

25.99

P/E ratio (avg)x

16.90

17.60

16.82

17.56

17.97

17.44

18.98

21.46

20.75

21.19

24.88

20.75

17.78

25.40

EV/EBITx

31.62

34.59

35.86

42.65

43.42

45.85

47.26

51.43

59.73

70.72

28.00

51.43

44.64

10.66

FCF yield (avg)%

29.27

28.21

25.88

28.12

26.07

28.41

29.87

30.23

32.16

30.14

28.40

30.14

28.84

26.49

FCF margin%

13.93

16.49

14.46

13.64

12.55

12.03

14.27

16.24

18.47

18.16

13.24

16.24

14.36

0.253

FCF / Net incomex

1.382

1.516

1.601

1.677

1.507

1.649

1.807

1.764

1.759

1.799

1.144

1.764

1.663

2.87

ROIC%

0.90

1.40

2.33

2.93

4.32

4.04

4.90

3.59

0.64

1.36

23.20

3.59

2.63

10.67

Return on equity%

9.49

11.40

8.58

8.63

8.03

8.41

11.17

8.20

5.29

3.66

19.61

8.20

8.50

4.94

Return on assets%

18.20

15.33

15.74

13.78

14.66

15.43

16.89

14.21

16.42

15.00

22.85

15.43

15.38

2.32

EPS$

6.06

6.83

8.12

9.26

9.25

10.65

10.47

10.99

13.26

15.36

2.52

10.67%

11.34%

—

22.83

EPS growth%

11.74

9.84

11.83

12.18

14.71

14.48

16.59

15.41

16.30

16.72

17.10

16.30

14.59

1.85

Bookvalue per sh$

5.22

5.75

5.45

5.61

5.93

5.71

6.49

6.08

6.60

7.56

3.76

4.98%

5.03%

—

1.79

FCF per share$

1.49

1.71

1.76

1.95

2.21

2.29

2.24

2.46

2.68

1.27

3.93%

5.97%

—

2.21

Dividend per sh$

5.29

4.61

4.16

4.11

3.72

4.04

4.09

4.47

4.10

4.31

0.90

3.03%

(3.00%)

—

21.58

Div yield (avg)%

19.84

21.14

19.88

22.09

23.44

26.04

25.65

23.40

25.39

24.70

13.64

25.39

23.42

6.10

Payout ratio%

18.94

19.69

21.72

22.32

23.39

24.44

23.25

23.30

25.51

23.13

25.70

23.30

23.19

2.223

Shares (diluted)B

3.424

3.607

3.543

3.450

3.832

4.080

4.260

4.036

4.091

3.892

2.271

0.31%

2.75%

6.27

Buyback yield%

17.48

19.92

17.18

18.26

20.91

20.68

21.44

21.59

20.20

18.12

22.33

20.68

20.06

1.062

D/E ratiox

0.429

0.431

0.421

0.460

0.490

0.470

0.516

0.551

0.549

0.505

0.562

0.516

0.480

14.60

Enterprise value$B

15.91

14.53

14.52

14.32

13.58

13.31

14.67

13.29

13.92

14.69

16.32

1.60%

(0.15%)

11.05

LT debt$B

2.667

2.815

3.136

2.853

2.782

2.721

3.062

2.977

3.358

3.182

1.422

2.72%

2.78%

Peers (US$66.74B)

Cap (US$)

Energy Transfer LP

65.17B

12.54x

Targa Resources Corp.

56.77B

23.41x

Cheniere Energy, Inc.

56.76B

19.31x

TC Energy Corporation

64.55B

23.46x

Capital

TTM

10Y

Leveragex

1.169

0.639

0.480

EBIT/Intx

2.596

0.080

0.087

Own earn%

51.84

96.23

125.97

Sh yield%

27.86

45.59

43.58

Owners

Insiders/Inst%

6.33

88.20

Short interest%

1.77

SBC / revenue%

2.85

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

0–6

$1 testx

0.0

Incr. ROIC%

Kinder Morgan, Inc. is a North American energy infrastructure company operating natural gas pipelines, storage, gathering, processing and LNG facilities; refined products, crude oil and condensate pipelines and terminals; liquids and bulk terminals handling fuels, chemicals, metals and petroleum coke, plus tankers; and a CO2 business that produces and transports CO2 for oil recovery and operates oil fields, RNG and LNG facilities.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$12.53B

4.45%

1.00×

Cost of revenue

$8.771B

4.45%

1.00×

Operating expenses

$2.083B

4.13%

0.97×