KMI Chart
About

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.

Fundamentals
Scroll to Statements
Sector Energy Industry Oil & Gas Midstream Market Cap 74.09B
Enterprise Value 107.66B Income 3.04B Sales 16.94B
Book/sh 14.01 Cash/sh 0.03 Dividend Yield 3.51%
Payout 85.04% Employees 11028 IPO
P/E 24.31 Forward P/E 22.72 PEG
P/S 4.37 P/B 2.38 P/C
EV/EBITDA 15.13 EV/Sales 6.36 Quick Ratio 0.41
Current Ratio 0.64 Debt/Eq 99.71 LT Debt/Eq
EPS (ttm) 1.37 EPS next Y 1.47 EPS Growth 49.30%
Revenue Growth 13.10% Earnings 2026-04-15 ROA 4.10%
ROE 9.83% ROIC Gross Margin 49.31%
Oper. Margin 30.26% Profit Margin 18.04% Shs Outstand 2.22B
Shs Float 1.94B Short Float 2.76% Short Ratio 2.97
Short Interest 52W High 34.24 52W Low 23.94
Beta 0.65 Avg Volume 13.55M Volume 12.55M
Target Price $33.19 Recom Buy Prev Close $33.58
Price $33.30 Change -0.83%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$33.19
Mean price target
2. Current target
$33.30
Latest analyst target
3. DCF / Fair value
$3.69
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$33.30
Low
$26.00
High
$43.00
Mean
$33.19

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-05 main Mizuho Outperform → Outperform $37
2026-03-03 main Morgan Stanley Equal-Weight → Equal-Weight $36
2026-02-27 main RBC Capital Sector Perform → Sector Perform $32
2026-01-23 main Scotiabank Sector Perform → Sector Perform $30
2026-01-22 main TD Cowen Buy → Buy $35
2026-01-22 main Jefferies Hold → Hold $31
2025-12-23 main Jefferies Hold → Hold $29
2025-11-14 main Mizuho Outperform → Outperform $31
2025-11-13 main RBC Capital Sector Perform → Sector Perform $30
2025-11-11 main Stifel Hold → Hold $30
2025-10-09 init Jefferies — → Hold $30
2025-10-01 main Morgan Stanley Equal-Weight → Equal-Weight $35
2025-09-19 main Scotiabank Sector Perform → Sector Perform $27
2025-09-19 init BMO Capital — → Outperform $32
2025-08-14 main Stifel Hold → Hold $29
2025-07-28 main JP Morgan Neutral → Neutral $32
2025-07-25 up Wolfe Research Peer Perform → Outperform $31
2025-07-18 main Scotiabank Sector Perform → Sector Perform $28
2025-07-17 main Wells Fargo Overweight → Overweight $34
2025-06-23 main Barclays Overweight → Overweight $32
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 6166 207640.0 Sale at price 33.68 per share. SCHLOSSER JOHN W Officer 2026-03-05 00:00:00 D
1 8000 255560.0 Sale at price 31.94 per share. ASHLEY ANTHONY B Officer 2026-02-17 00:00:00 D
2 6166 185523.0 Sale at price 30.09 per share. SCHLOSSER JOHN W Officer 2026-02-05 00:00:00 D
3 3000 89236.0 Purchase at price 29.75 per share. SMITH WILLIAM A Director 2026-02-02 00:00:00 D
4 20000 600000.0 Sale at price 30.00 per share. MICHELS DAVID PATRICK Chief Financial Officer 2026-01-22 00:00:00 D
5 8950 250242.0 Stock Award(Grant) at price 27.96 per share. CHRONIS AMY W Director 2026-01-20 00:00:00 D
6 1790 50048.0 Stock Award(Grant) at price 27.96 per share. VAGT ROBERT F Director 2026-01-20 00:00:00 D
7 6166 169491.0 Sale at price 27.49 per share. SCHLOSSER JOHN W Officer 2026-01-05 00:00:00 D
8 6166 171476.0 Sale at price 27.81 per share. SCHLOSSER JOHN W Officer 2025-12-05 00:00:00 D
9 1500 Stock Gift at price 0.00 per share. SANDERS DAX A Officer 2025-11-17 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.210.200.220.21
NormalizedEBITDA7.18B6.74B6.51B6.25B
TotalUnusualItems15.00M32.00M-1.62B
TotalUnusualItemsExcludingGoodwill15.00M32.00M-1.62B
NetIncomeFromContinuingOperationNetMinorityInterest3.06B2.61B2.39B2.55B
ReconciledDepreciation2.45B2.35B2.25B2.19B
ReconciledCostOfRevenue7.98B6.69B7.19B11.44B
EBITDA7.18B6.74B6.51B6.25B
EBIT4.72B4.38B4.26B4.07B
NetInterestIncome-1.80B-1.84B-1.80B-1.51B
NormalizedIncome3.06B2.61B2.39B2.55B
NetIncomeFromContinuingAndDiscontinuedOperation3.06B2.61B2.39B2.55B
TotalExpenses12.21B10.72B11.07B15.13B
TotalOperatingIncomeAsReported4.72B4.38B4.26B4.07B
DilutedAverageShares2.22B2.22B2.23B2.26B
BasicAverageShares2.22B2.22B2.23B2.26B
DilutedEPS1.371.171.061.12
BasicEPS1.371.171.061.12
DilutedNIAvailtoComStockholders3.04B2.60B2.38B2.54B
NetIncomeCommonStockholders3.04B2.60B2.38B2.54B
OtherunderPreferredStockDividend16.00M15.00M14.00M13.00M
NetIncome3.06B2.61B2.39B2.55B
MinorityInterests-104.00M-107.00M-95.00M-77.00M
NetIncomeIncludingNoncontrollingInterests3.16B2.72B2.49B2.62B
NetIncomeContinuousOperations3.16B2.72B2.49B2.62B
TaxProvision832.00M687.00M715.00M710.00M
PretaxIncome3.99B3.41B3.20B3.33B
OtherIncomeExpense1.07B867.00M735.00M783.00M
OtherNonOperatingIncomeExpenses173.00M27.00M-37.00M55.00M
SpecialIncomeCharges15.00M32.00M-1.62B
GainOnSaleOfPPE15.00M32.00M-1.62B
GainOnSaleOfBusiness15.00M32.00M-1.62B
ImpairmentOfCapitalAssets0.001.62B
SecuritiesAmortization78.00M
EarningsFromEquityInterest896.00M840.00M772.00M728.00M
NetNonOperatingInterestIncomeExpense-1.80B-1.84B-1.80B-1.51B
TotalOtherFinanceCost1.80B1.84B1.80B1.51B
OperatingIncome4.72B4.38B4.26B4.07B
OperatingExpense4.23B4.03B3.88B3.69B
OtherOperatingExpenses-15.00M-92.00M-13.00M-39.00M
OtherTaxes445.00M433.00M421.00M441.00M
SellingGeneralAndAdministration744.00M712.00M668.00M637.00M
GeneralAndAdministrativeExpense744.00M712.00M668.00M637.00M
OtherGandA744.00M712.00M668.00M637.00M
GrossProfit8.96B8.41B8.15B7.76B
CostOfRevenue7.98B6.69B7.19B11.44B
TotalRevenue16.94B15.10B15.33B19.20B
OperatingRevenue16.75B14.87B15.16B19.04B
Line Item2023-12-31
TreasurySharesNumber0.00
PreferredSharesNumber32.00M
OrdinarySharesNumber2.22B2.22B2.22B2.25B
ShareIssued2.22B2.22B2.22B2.25B
NetDebt31.72B31.58B31.81B30.82B
TotalDebt31.78B31.67B31.89B31.57B
TangibleBookValue9.35B8.69B8.23B8.97B
InvestedCapital62.94B62.20B62.20B62.31B
WorkingCapital-1.57B-2.58B-4.68B-3.13B
NetTangibleAssets9.35B8.69B8.23B8.97B
CommonStockEquity31.16B30.53B30.31B30.74B
TotalCapitalization61.72B60.19B58.15B58.92B
TotalEquityGrossMinorityInterest32.45B31.87B31.73B32.11B
MinorityInterest1.29B1.34B1.42B1.37B
StockholdersEquity31.16B30.53B30.31B30.74B
GainsLossesNotAffectingRetainedEarnings45.00M-95.00M-217.00M-402.00M
OtherEquityAdjustments45.00M-95.00M-217.00M-402.00M
RetainedEarnings-10.18B-10.63B-10.69B-10.55B
AdditionalPaidInCapital41.28B41.24B41.19B41.67B
CapitalStock22.00M22.00M22.00M22.00M
CommonStock22.00M22.00M22.00M22.00M
PreferredStock0.00
TotalLiabilitiesNetMinorityInterest40.30B39.54B39.29B37.96B
TotalNonCurrentLiabilitiesNetMinorityInterest35.98B34.44B32.07B31.03B
OtherNonCurrentLiabilities2.31B2.49B2.62B2.01B
PreferredSecuritiesOutsideStockEquity221.00M221.00M221.00M220.00M
NonCurrentDeferredLiabilities2.89B2.07B1.39B623.00M
NonCurrentDeferredTaxesLiabilities2.89B2.07B1.39B623.00M
LongTermDebtAndCapitalLeaseObligation30.56B29.66B27.85B28.18B
LongTermDebt30.56B29.66B27.85B28.18B
CurrentLiabilities4.32B5.10B7.22B6.93B
OtherCurrentLiabilities898.00M878.00M1.02B1.32B
CurrentDebtAndCapitalLeaseObligation1.23B2.01B4.05B3.38B
CurrentDebt1.23B2.01B4.05B3.38B
OtherCurrentBorrowings1.23B2.01B4.05B3.38B
LineOfCredit0.000.00
CommercialPaper1.99B0.00
PayablesAndAccruedExpenses2.20B2.21B2.15B2.22B
CurrentAccruedExpenses534.00M543.00M513.00M515.00M
InterestPayable534.00M543.00M513.00M515.00M
Payables1.66B1.67B1.64B1.71B
TotalTaxPayable256.00M276.00M272.00M264.00M
AccountsPayable1.41B1.40B1.37B1.44B
TotalAssets72.75B71.41B71.02B70.08B
TotalNonCurrentAssets69.99B68.89B68.48B66.28B
OtherNonCurrentAssets1.32B1.18B1.23B1.25B
NonCurrentDeferredAssets0.00115.00M
NonCurrentDeferredTaxesAssets0.00115.00M
InvestmentsAndAdvances7.53B7.84B7.87B7.65B
LongTermEquityInvestment7.53B7.84B7.87B7.65B
InvestmentsInOtherVenturesUnderEquityMethod347.00M369.00M
InvestmentsinAssociatesatCost6.93B6.83B
InvestmentsinSubsidiariesatCost379.00M374.00M
GoodwillAndOtherIntangibleAssets21.81B21.84B22.08B21.77B
OtherIntangibleAssets1.73B1.76B1.96B1.81B
Goodwill20.08B20.08B20.12B19.96B
NetPPE39.33B38.01B37.30B35.60B
AccumulatedDepreciation-24.06B-22.18B-22.07B-20.41B
GrossPPE63.39B60.20B59.37B56.01B
ConstructionInProgress1.82B1.59B1.04B1.04B
OtherProperties60.74B57.77B56.41B53.23B
LandAndImprovements839.00M837.00M1.92B1.74B
CurrentAssets2.75B2.52B2.54B3.80B
OtherCurrentAssets357.00M246.00M333.00M304.00M
HedgingAssetsCurrent126.00M231.00M220.00M
RestrictedCash46.00M126.00M13.00M49.00M
Inventory574.00M555.00M525.00M634.00M
Receivables1.71B1.51B1.59B1.84B
AccountsReceivable1.71B1.51B1.59B1.84B
AllowanceForDoubtfulAccountsReceivable-1.00M-1.00M-1.00M
GrossAccountsReceivable1.59B1.84B1.61B
CashCashEquivalentsAndShortTermInvestments63.00M88.00M83.00M745.00M
CashAndCashEquivalents63.00M88.00M83.00M745.00M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow2.89B3.01B4.17B3.35B
RepurchaseOfCapitalStock0.00-7.00M-522.00M-368.00M
RepaymentOfDebt-10.05B-10.56B-7.36B-9.73B
IssuanceOfDebt10.02B10.44B7.59B9.06B
CapitalExpenditure-3.03B-2.63B-2.32B-1.62B
InterestPaidSupplementalData1.81B1.82B1.84B1.46B
IncomeTaxPaidSupplementalData47.00M33.00M11.00M13.00M
EndCashPosition109.00M214.00M96.00M794.00M
BeginningCashPosition214.00M96.00M794.00M1.15B
EffectOfExchangeRateChanges0.00-1.00M0.000.00
ChangesInCash-105.00M119.00M-698.00M-353.00M
FinancingCashFlow-2.84B-2.89B-3.01B-3.15B
CashFlowFromContinuingFinancingActivities-2.84B-2.89B-3.01B-3.15B
NetOtherFinancingCharges-202.00M-207.00M-197.00M404.00M
CashDividendsPaid-2.60B-2.56B-2.53B-2.50B
CommonStockDividendPaid-2.60B-2.56B-2.53B-2.50B
NetCommonStockIssuance0.00-7.00M-522.00M-368.00M
CommonStockPayments0.00-7.00M-522.00M-368.00M
NetIssuancePaymentsOfDebt-37.00M-116.00M234.00M-677.00M
NetLongTermDebtIssuance-37.00M-116.00M234.00M-677.00M
LongTermDebtPayments-10.05B-10.56B-7.36B-9.73B
LongTermDebtIssuance10.02B10.44B7.59B9.06B
InvestingCashFlow-3.18B-2.63B-4.17B-2.17B
CashFlowFromContinuingInvestingActivities-3.18B-2.63B-4.17B-2.17B
NetOtherInvestingChanges-39.00M6.00M-32.00M6.00M
DividendsReceivedCFI330.00M177.00M228.00M156.00M
NetInvestmentPurchaseAndSale204.00M-121.00M-212.00M-229.00M
SaleOfInvestment382.00M0.000.00
PurchaseOfInvestment-178.00M-121.00M-212.00M-229.00M
NetBusinessPurchaseAndSale-648.00M-62.00M-1.84B-487.00M
SaleOfBusiness0.00
PurchaseOfBusiness-648.00M-62.00M-1.84B-487.00M
NetPPEPurchaseAndSale-28.00M6.00M406.00M
SaleOfPPE6.00M406.00M
PurchaseOfPPE-28.00M
CapitalExpenditureReported-3.03B-2.63B-2.32B-1.62B
OperatingCashFlow5.92B5.63B6.49B4.97B
CashFlowFromContinuingOperatingActivities5.92B5.63B6.49B4.97B
DividendReceivedCFO805.00M823.00M755.00M725.00M
ChangeInWorkingCapital-108.00M-69.00M1.18B-261.00M
ChangeInOtherWorkingCapital5.00M-58.00M870.00M-24.00M
ChangeInOtherCurrentLiabilities41.00M-48.00M-79.00M11.00M
ChangeInOtherCurrentAssets-9.00M-46.00M108.00M-51.00M
ChangeInPayablesAndAccruedExpense68.00M43.00M-212.00M206.00M
ChangeInAccruedExpense-13.00M43.00M-13.00M50.00M
ChangeInInterestPayable-13.00M43.00M-13.00M50.00M
ChangeInPayable81.00M-199.00M156.00M387.00M
ChangeInAccountPayable96.00M-5.00M-201.00M161.00M
ChangeInTaxPayable-15.00M5.00M2.00M-5.00M
ChangeInIncomeTaxPayable-15.00M5.00M2.00M-5.00M
ChangeInInventory-21.00M-12.00M188.00M-183.00M
ChangeInReceivables-192.00M52.00M301.00M-220.00M
ChangesInAccountReceivables-192.00M52.00M301.00M-220.00M
OtherNonCashItems-125.00M2.00M27.00M-221.00M
AssetImpairmentCharge0.001.62B
DeferredTax780.00M647.00M710.00M692.00M
DeferredIncomeTax780.00M647.00M710.00M692.00M
DepreciationAmortizationDepletion2.45B2.35B2.25B2.19B
OperatingGainsLosses-1.05B-842.00M-913.00M-779.00M
PensionAndEmployeeBenefitExpense-50.00M-39.00M
EarningsLossesFromEquityInvestments-896.00M-840.00M-772.00M-803.00M
GainLossOnInvestmentSecurities-23.00M72.00M-126.00M56.00M
GainLossOnSaleOfPPE-32.00M
GainLossOnSaleOfBusiness-129.00M-74.00M-15.00M-32.00M
NetIncomeFromContinuingOperations3.16B2.72B2.49B2.62B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for KMI
Date User Asset Broker Type Position Size Entry Price Patterns