Symbols / KMI $31.81 +0.76% Kinder Morgan, Inc.

Energy • Oil & Gas Midstream • United States • NYQ
KMI Chart
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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
Market Cap 70.77B Enterprise Value 104.35B Income 3.04B Sales 16.94B Book/sh 14.01 Cash/sh 0.03
Dividend Yield 3.68% Payout 85.04% Employees 11028 IPO — P/E 23.22 Forward P/E 21.68
PEG — P/S 4.18 P/B 2.27 P/C — EV/EBITDA 14.67 EV/Sales 6.16
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 2026-04-22 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 2.49%
Short Ratio 3.32 Short Interest — 52W High 34.73 52W Low 25.60 Beta 0.63 Avg Volume 13.82M
Volume 13.77M Target Price $35.05 Recom Buy Prev Close $31.57 Price $31.81 Change 0.76%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$35.05
Mean price target
2. Current target
$31.81
Latest analyst target
3. DCF / Fair value
$3.69
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$31.81
Low
$26.00
High
$43.00
Mean
$35.05

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-30 main Citigroup Neutral → Neutral $33
2026-03-30 main RBC Capital Sector Perform → Sector Perform $35
2026-03-26 main Scotiabank Sector Perform → Sector Perform $32
2026-03-24 main Jefferies Hold → Hold $36
2026-03-24 init Truist Securities Hold → Hold $38
2026-03-17 main Scotiabank Sector Perform → Sector Perform $31
2026-03-13 main Wells Fargo Overweight → Overweight $35
2026-03-13 main Stifel Hold → Hold $33
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
2026-01-28 up Freedom Broker Sell → Hold $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
News
RSS: Latest KMI news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-16 GARTHWAITE MICHAEL P Divisional Officer — 1,550 $31.72 $49,168
2026-04-06 SCHLOSSER JOHN W Officer — 6,166 $32.93 $203,071
2026-03-16 GARTHWAITE MICHAEL P Officer — 1,550 $33.30 $51,609
2026-03-05 SCHLOSSER JOHN W Officer — 6,166 $33.68 $207,640
2026-02-17 ASHLEY ANTHONY B Officer — 8,000 $31.94 $255,560
2026-02-05 SCHLOSSER JOHN W Officer — 6,166 $30.09 $185,523
2026-02-02 SMITH WILLIAM A Director — 3,000 $29.75 $89,236
2026-01-22 MICHELS DAVID PATRICK Chief Financial Officer — 20,000 $30.00 $600,000
2026-01-20 VAGT ROBERT F Director — 1,790 $27.96 $50,048
2026-01-20 CHRONIS AMY W Director — 8,950 $27.96 $250,242
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
16,937.00
+12.17%
15,100.00
-1.53%
15,334.00
-20.14%
19,200.00
Operating Revenue
16,745.00
+12.59%
14,873.00
-1.87%
15,157.00
-20.40%
19,042.00
Cost Of Revenue
7,982.00
+19.29%
6,691.00
-6.91%
7,188.00
-37.17%
11,441.00
Reconciled Cost Of Revenue
7,982.00
+19.29%
6,691.00
-6.91%
7,188.00
-37.17%
11,441.00
Gross Profit
8,955.00
+6.49%
8,409.00
+3.23%
8,146.00
+4.99%
7,759.00
Operating Expense
4,231.00
+5.12%
4,025.00
+3.66%
3,883.00
+5.12%
3,694.00
Selling General And Administration
744.00
+4.49%
712.00
+6.59%
668.00
+4.87%
637.00
General And Administrative Expense
744.00
+4.49%
712.00
+6.59%
668.00
+4.87%
637.00
Other Gand A
744.00
+4.49%
712.00
+6.59%
668.00
+4.87%
637.00
Other Operating Expenses
-15.00
+83.70%
-92.00
-607.69%
-13.00
+66.67%
-39.00
Total Expenses
12,213.00
+13.97%
10,716.00
-3.21%
11,071.00
-26.85%
15,135.00
Operating Income
4,724.00
+7.76%
4,384.00
+2.84%
4,263.00
+4.87%
4,065.00
Total Operating Income As Reported
4,724.00
+7.76%
4,384.00
+2.84%
4,263.00
+4.87%
4,065.00
EBITDA
7,177.00
+6.52%
6,738.00
+3.45%
6,513.00
+4.19%
6,251.00
Normalized EBITDA
7,177.00
+6.52%
6,738.00
+3.45%
6,513.00
+4.19%
6,251.00
Reconciled Depreciation
2,453.00
+4.21%
2,354.00
+4.62%
2,250.00
+2.93%
2,186.00
EBIT
4,724.00
+7.76%
4,384.00
+2.84%
4,263.00
+4.87%
4,065.00
Total Unusual Items
—
—
15.00
-53.13%
32.00
Total Unusual Items Excluding Goodwill
—
—
15.00
-53.13%
32.00
Special Income Charges
—
—
15.00
-53.13%
32.00
Impairment Of Capital Assets
—
—
—
0.00
Net Income
3,056.00
+16.95%
2,613.00
+9.28%
2,391.00
-6.16%
2,548.00
Pretax Income
3,992.00
+17.17%
3,407.00
+6.44%
3,201.00
-4.02%
3,335.00
Net Non Operating Interest Income Expense
-1,801.00
+2.33%
-1,844.00
-2.62%
-1,797.00
-18.77%
-1,513.00
Net Interest Income
-1,801.00
+2.33%
-1,844.00
-2.62%
-1,797.00
-18.77%
-1,513.00
Other Income Expense
1,069.00
+23.30%
867.00
+17.96%
735.00
-6.13%
783.00
Other Non Operating Income Expenses
173.00
+540.74%
27.00
+172.97%
-37.00
-167.27%
55.00
Gain On Sale Of Business
—
—
15.00
-53.13%
32.00
Tax Provision
832.00
+21.11%
687.00
-3.92%
715.00
+0.70%
710.00
Tax Rate For Calcs
0.00
+2.97%
0.00
-9.42%
0.00
+5.19%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
3,160.00
+16.18%
2,720.00
+9.41%
2,486.00
-5.30%
2,625.00
Net Income From Continuing Operation Net Minority Interest
3,056.00
+16.95%
2,613.00
+9.28%
2,391.00
-6.16%
2,548.00
Net Income From Continuing And Discontinued Operation
3,056.00
+16.95%
2,613.00
+9.28%
2,391.00
-6.16%
2,548.00
Net Income Continuous Operations
3,160.00
+16.18%
2,720.00
+9.41%
2,486.00
-5.30%
2,625.00
Minority Interests
-104.00
+2.80%
-107.00
-12.63%
-95.00
-23.38%
-77.00
Normalized Income
3,056.00
+16.95%
2,613.00
+9.28%
2,391.00
-6.16%
2,548.00
Net Income Common Stockholders
3,040.00
+17.01%
2,598.00
+9.30%
2,377.00
-6.23%
2,535.00
Otherunder Preferred Stock Dividend
16.00
+6.67%
15.00
+7.14%
14.00
+7.69%
13.00
Diluted EPS
1.37
+17.09%
1.17
+10.38%
1.06
-5.36%
1.12
Basic EPS
1.37
+17.09%
1.17
+10.38%
1.06
-5.36%
1.12
Basic Average Shares
2,223.00
+0.14%
2,220.00
-0.63%
2,234.00
-1.06%
2,258.00
Diluted Average Shares
2,223.00
+0.14%
2,220.00
-0.63%
2,234.00
-1.06%
2,258.00
Diluted NI Availto Com Stockholders
3,040.00
+17.01%
2,598.00
+9.30%
2,377.00
-6.23%
2,535.00
Earnings From Equity Interest
896.00
+6.67%
840.00
+8.81%
772.00
+6.04%
728.00
Gain On Sale Of PPE
—
—
15.00
-53.13%
32.00
Other Taxes
445.00
+2.77%
433.00
+2.85%
421.00
-4.54%
441.00
Securities Amortization
—
—
—
—
Total Other Finance Cost
1,801.00
-2.33%
1,844.00
+2.62%
1,797.00
+18.77%
1,513.00
Line Item Trend 2023-12-31
Total Assets
71,020.00
Current Assets
2,542.00
Cash Cash Equivalents And Short Term Investments
83.00
Cash And Cash Equivalents
83.00
Receivables
1,588.00
Accounts Receivable
1,588.00
Gross Accounts Receivable
1,589.00
Allowance For Doubtful Accounts Receivable
-1.00
Inventory
525.00
Restricted Cash
13.00
Hedging Assets Current
126.00
Other Current Assets
333.00
Total Non Current Assets
68,478.00
Net PPE
37,297.00
Gross PPE
59,372.00
Accumulated Depreciation
-22,075.00
Land And Improvements
1,917.00
Construction In Progress
1,045.00
Other Properties
56,410.00
Goodwill And Other Intangible Assets
22,078.00
Goodwill
20,121.00
Other Intangible Assets
1,957.00
Investments And Advances
7,874.00
Long Term Equity Investment
7,874.00
Non Current Deferred Assets
—
Non Current Deferred Taxes Assets
—
Other Non Current Assets
1,229.00
Total Liabilities Net Minority Interest
39,291.00
Current Liabilities
7,221.00
Payables And Accrued Expenses
2,151.00
Payables
1,638.00
Accounts Payable
1,366.00
Current Accrued Expenses
513.00
Total Tax Payable
272.00
Current Debt And Capital Lease Obligation
4,049.00
Current Debt
4,049.00
Other Current Borrowings
4,049.00
Other Current Liabilities
1,021.00
Total Non Current Liabilities Net Minority Interest
32,070.00
Long Term Debt And Capital Lease Obligation
27,846.00
Long Term Debt
27,846.00
Non Current Deferred Liabilities
1,388.00
Non Current Deferred Taxes Liabilities
1,388.00
Other Non Current Liabilities
2,615.00
Preferred Securities Outside Stock Equity
221.00
Stockholders Equity
30,306.00
Common Stock Equity
30,306.00
Capital Stock
22.00
Common Stock
22.00
Preferred Stock
—
Share Issued
2,219.73
Ordinary Shares Number
2,219.73
Treasury Shares Number
0.00
Additional Paid In Capital
41,190.00
Retained Earnings
-10,689.00
Gains Losses Not Affecting Retained Earnings
-217.00
Minority Interest
1,423.00
Other Equity Adjustments
-217.00
Total Equity Gross Minority Interest
31,729.00
Total Capitalization
58,152.00
Working Capital
-4,679.00
Invested Capital
62,201.00
Total Debt
31,895.00
Net Debt
31,812.00
Net Tangible Assets
8,228.00
Tangible Book Value
8,228.00
Commercial Paper
1,989.00
Interest Payable
513.00
Investments In Other Ventures Under Equity Method
—
Investmentsin Associatesat Cost
—
Investmentsin Subsidiariesat Cost
—
Line Of Credit
0.00
Preferred Shares Number
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
5,917.00
+5.00%
5,635.00
-13.19%
6,491.00
+30.68%
4,967.00
Cash Flow From Continuing Operating Activities
5,917.00
+5.00%
5,635.00
-13.19%
6,491.00
+30.68%
4,967.00
Net Income From Continuing Operations
3,160.00
+16.18%
2,720.00
+9.41%
2,486.00
-5.30%
2,625.00
Depreciation Amortization Depletion
2,453.00
+4.21%
2,354.00
+4.62%
2,250.00
+2.93%
2,186.00
Other Non Cash Items
-125.00
-6350.00%
2.00
-92.59%
27.00
+112.22%
-221.00
Pension And Employee Benefit Expense
—
—
—
-50.00
Asset Impairment Charge
—
—
—
0.00
Deferred Tax
780.00
+20.56%
647.00
-8.87%
710.00
+2.60%
692.00
Deferred Income Tax
780.00
+20.56%
647.00
-8.87%
710.00
+2.60%
692.00
Operating Gains Losses
-1,048.00
-24.47%
-842.00
+7.78%
-913.00
-17.20%
-779.00
Gain Loss On Investment Securities
-23.00
-131.94%
72.00
+157.14%
-126.00
-325.00%
56.00
Gain Loss On Sale Of PPE
—
—
—
-32.00
Change In Working Capital
-108.00
-56.52%
-69.00
-105.87%
1,176.00
+550.57%
-261.00
Change In Receivables
-192.00
-469.23%
52.00
-82.72%
301.00
+236.82%
-220.00
Changes In Account Receivables
-192.00
-469.23%
52.00
-82.72%
301.00
+236.82%
-220.00
Change In Inventory
-21.00
-75.00%
-12.00
-106.38%
188.00
+202.73%
-183.00
Change In Payables And Accrued Expense
68.00
+58.14%
43.00
+120.28%
-212.00
-202.91%
206.00
Change In Accrued Expense
-13.00
-130.23%
43.00
+430.77%
-13.00
-126.00%
50.00
Change In Payable
81.00
—
-199.00
-227.56%
156.00
Change In Account Payable
96.00
+2020.00%
-5.00
+97.51%
-201.00
-224.84%
161.00
Change In Other Working Capital
5.00
+108.62%
-58.00
-106.67%
870.00
+3725.00%
-24.00
Change In Other Current Assets
-9.00
+80.43%
-46.00
-142.59%
108.00
+311.76%
-51.00
Change In Other Current Liabilities
41.00
+185.42%
-48.00
+39.24%
-79.00
-818.18%
11.00
Investing Cash Flow
-3,179.00
-20.92%
-2,629.00
+37.03%
-4,175.00
-91.95%
-2,175.00
Cash Flow From Continuing Investing Activities
-3,179.00
-20.92%
-2,629.00
+37.03%
-4,175.00
-91.95%
-2,175.00
Net PPE Purchase And Sale
—
—
-28.00
-566.67%
6.00
Purchase Of PPE
—
—
-28.00
—
Sale Of PPE
—
—
—
6.00
Capital Expenditure
-3,026.00
-15.10%
-2,629.00
-13.47%
-2,317.00
-42.94%
-1,621.00
Capital Expenditure Reported
-3,026.00
-15.10%
-2,629.00
-13.47%
-2,317.00
-42.94%
-1,621.00
Net Investment Purchase And Sale
204.00
+268.60%
-121.00
+42.92%
-212.00
+7.42%
-229.00
Purchase Of Investment
-178.00
-47.11%
-121.00
+42.92%
-212.00
+7.42%
-229.00
Sale Of Investment
382.00
0.00
0.00
—
Net Business Purchase And Sale
-648.00
-945.16%
-62.00
+96.63%
-1,842.00
-278.23%
-487.00
Purchase Of Business
-648.00
-945.16%
-62.00
+96.63%
-1,842.00
-278.23%
-487.00
Gain Loss On Sale Of Business
-129.00
-74.32%
-74.00
-393.33%
-15.00
+53.13%
-32.00
Net Other Investing Changes
-39.00
-750.00%
6.00
+118.75%
-32.00
-633.33%
6.00
Financing Cash Flow
-2,843.00
+1.52%
-2,887.00
+4.21%
-3,014.00
+4.17%
-3,145.00
Cash Flow From Continuing Financing Activities
-2,843.00
+1.52%
-2,887.00
+4.21%
-3,014.00
+4.17%
-3,145.00
Net Issuance Payments Of Debt
-37.00
+68.10%
-116.00
-149.57%
234.00
+134.56%
-677.00
Issuance Of Debt
10,017.00
-4.06%
10,441.00
+37.56%
7,590.00
-16.21%
9,058.00
Repayment Of Debt
-10,054.00
+4.76%
-10,557.00
-43.52%
-7,356.00
+24.44%
-9,735.00
Long Term Debt Issuance
10,017.00
-4.06%
10,441.00
+37.56%
7,590.00
-16.21%
9,058.00
Long Term Debt Payments
-10,054.00
+4.76%
-10,557.00
-43.52%
-7,356.00
+24.44%
-9,735.00
Net Long Term Debt Issuance
-37.00
+68.10%
-116.00
-149.57%
234.00
+134.56%
-677.00
Net Common Stock Issuance
0.00
+100.00%
-7.00
+98.66%
-522.00
-41.85%
-368.00
Common Stock Payments
0.00
+100.00%
-7.00
+98.66%
-522.00
-41.85%
-368.00
Common Stock Dividend Paid
-2,604.00
-1.84%
-2,557.00
-1.11%
-2,529.00
-1.00%
-2,504.00
Cash Dividends Paid
-2,604.00
-1.84%
-2,557.00
-1.11%
-2,529.00
-1.00%
-2,504.00
Repurchase Of Capital Stock
0.00
+100.00%
-7.00
+98.66%
-522.00
-41.85%
-368.00
Net Other Financing Charges
-202.00
+2.42%
-207.00
-5.08%
-197.00
-148.76%
404.00
Changes In Cash
-105.00
-188.24%
119.00
+117.05%
-698.00
-97.73%
-353.00
Effect Of Exchange Rate Changes
0.00
+100.00%
-1.00
0.00
0.00
Beginning Cash Position
214.00
+122.92%
96.00
-87.91%
794.00
-30.78%
1,147.00
End Cash Position
109.00
-49.07%
214.00
+122.92%
96.00
-87.91%
794.00
Free Cash Flow
2,891.00
-3.83%
3,006.00
-27.98%
4,174.00
+24.75%
3,346.00
Interest Paid Supplemental Data
1,811.00
-0.28%
1,816.00
-1.52%
1,844.00
+26.30%
1,460.00
Income Tax Paid Supplemental Data
47.00
+42.42%
33.00
+200.00%
11.00
-15.38%
13.00
Change In Income Tax Payable
-15.00
-400.00%
5.00
+150.00%
2.00
+140.00%
-5.00
Change In Interest Payable
-13.00
-130.23%
43.00
+430.77%
-13.00
-126.00%
50.00
Change In Tax Payable
-15.00
-400.00%
5.00
+150.00%
2.00
+140.00%
-5.00
Dividend Received CFO
805.00
-2.19%
823.00
+9.01%
755.00
+4.14%
725.00
Dividends Received CFI
330.00
+86.44%
177.00
-22.37%
228.00
+46.15%
156.00
Earnings Losses From Equity Investments
-896.00
-6.67%
-840.00
-8.81%
-772.00
+3.86%
-803.00
Sale Of Business
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SEC Filings

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

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
Posts
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