Kinder Morgan Inc (KMI)
OvervaluedFundamental
63
Price
$34.43
Market Cap
$75.58B
Part 1 · What the company is worth
Overview
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.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated with artificial intelligence on September 19, 2026, shared with all users
Williams is the closest peer in long-haul interstate natural gas transmission, competing for the same producer and utility shippers moving gas from the Marcellus, Haynesville and Gulf Coast basins to end markets.
ONEOK competes in natural gas gathering, processing and NGL transport, and after the Magellan acquisition also in refined-products pipelines and liquids terminals, the same markets as Kinder Morgan's Products Pipelines and Terminals segments.
Energy Transfer runs a comparably vast interstate and Texas intrastate pipeline network and bids for the same transportation, storage and NGL contracts, including competing expansion projects in the Permian and the Southwest.
Enterprise competes for the same midstream fee-based volumes in natural gas and NGL pipelines, processing and Gulf Coast export terminals serving Permian and Eagle Ford producers.
TC Energy's US interstate systems (including ANR and Columbia Gas) compete directly with Kinder Morgan's pipelines for firm transportation contracts from the same supply basins to Midwest and Gulf Coast markets.
Enbridge competes across North American liquids pipelines, US gas transmission (Texas Eastern, Algonquin) and export terminals, targeting the same shippers for crude, refined-product and natural gas capacity.
Balance Sheet & Liquidity
Revenue
$16.28B
Trailing 12 months (through 6/30/2026)
Net Income
$3.47B
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$2.89B
Total Equity
$31.16B
Total Liabilities
$40.30B
Current Ratio
0.46
Interest Coverage
-
Debt/EBITDA
4.49
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$28.45
Current Price
$34.43
Margin of Safety
-21.0%
Fair Value Range
$22.85 - $34.05
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
22.07
ROE
9.8%
P/B Ratio
2.42
P/FCF
24.28
Gross Margin
-
ROIC
6.0%
Profitability Radar
Value Creation (Economic Moat)
ROIC
6.0%
WACC
5.6%
ROIC − WACC
+0.4 pp
ROIC is roughly in line with the cost of capital — the company is barely covering its capital cost.
Fundamental Analysis Criteria
Passed (17)
- EPS shows upward trend
- ROIC 6.0%
- P/FCF 24.28
- P/B ratio 2.42
- Debt/equity ratio
- Operating margin 32.0%
- Positive free cash flow
- Debt/EBITDA
- Return on tangible assets
- ROE 11.1%
- Revenue growth 5Y 7.7%
- Earnings surprise, average 11.3%
- PEG ratio 0.24
- Earnings quality (operating cash flow / net income) 1.89
- Share dilution -0.1%
- Net margin trend 21.3% vs 19.0%
- Piotroski F-Score 7/9
Failed (7)
- EPS CAGR 1.47%
- Price CAGR 4.88%
- CapEx intensity
- Current ratio
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
Unavailable (3)
- Gross margin –
- Dividend payout –
- Interest coverage
Piotroski F-Score
Strong financial health
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Richard D. Kinder | Executive Chairman of the Board | 80 |
| Ms. Kimberly Allen Dang | CEO & Director | 55 |
| Mr. Dax A. Sanders CPA | President | 50 |
| Mr. David Patrick Michels | VP & CFO | 46 |
| Mr. John W. Schlosser | VP & President of Terminals | 62 |
| Mr. Sital K. Mody | VP & President of Natural Gas Pipelines | 54 |
| Mr. Kenneth W. Grubb | VP, COO & Chief Project Officer | 57 |
| Mr. Mark Huse | VP & Chief Information Officer | - |
| Mr. Michael J. Pitta | VP & Chief Administrative Officer | 51 |
| Mr. Peter Staples | Director of IR | - |
Audit Risk
8
Board Risk
9
Compensation Risk
3
Shareholder Rights Risk
8
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-13
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-10-23
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-10-21
via SEC EDGAR
Income History
via SEC EDGAR
Part 2 · The price and its context
This part shows how the price has behaved, not whether the company is worth owning. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Market Reaction Profile
How much KMI moves, measured on its daily prices.
More volatile than 13% of the tracked stocks (90-day volatility).
- Volatility 30d
- 22.9%
- Volatility 90d
- 22.4%
- Beta vs S&P 500 (1y)
- -0.20Correlation -0.12
- Max drawdown (12m)
- -12.1%
- ATR (14d, % of price)
- 2.51%
Earnings reactions
How KMI moved around its past quarterly results.
Next earnings release
No upcoming release on the calendar.
What usually happens
- Over the last 12 releases the stock moved a median of 1.2% the next day, up or down.
- Next-day moves: up 5, down 7 (out of 12).
- Of the 4 releases that beat estimates, the stock fell the next day after 2.
Release history
| Date | When | EPS est. | EPS actual | Surprise | Gap | 1 day | 5 days |
|---|---|---|---|---|---|---|---|
| Oct 21, 2026 | After the close | 0.33 | 0.35 | +6.3% | +1.0% | -0.7% | n/a |
| Jul 22, 2026 | After the close | 0.33 | 0.37 | +13.0% | +1.6% | +0.9% | -2.0% |
| Apr 22, 2026 | After the close | 0.40 | 0.48 | +19.3% | +1.4% | -0.3% | +0.1% |
| Jan 21, 2026 | After the close | 0.37 | 0.39 | +5.6% | +1.9% | +3.9% | +5.2% |
| Oct 22, 2025 | After the close | 0.29 | 0.29 | -1.7% | +1.6% | -4.8% | -6.0% |
| Jul 16, 2025 | After the close | n/a | n/a | n/a | -2.5% | -1.5% | -3.9% |
| Apr 16, 2025 | After the close | n/a | n/a | n/a | -0.7% | +0.6% | -0.3% |
| Jan 22, 2025 | After the close | n/a | n/a | n/a | +1.7% | -1.0% | -11.3% |
| Oct 16, 2024 | After the close | n/a | n/a | n/a | -0.7% | -0.4% | -0.6% |
| Jul 17, 2024 | After the close | n/a | n/a | n/a | -0.1% | +2.5% | +2.5% |
| Apr 17, 2024 | After the close | n/a | n/a | n/a | +1.4% | +2.5% | +5.9% |
| Jan 17, 2024 | After the close | n/a | n/a | n/a | -1.4% | -1.4% | -3.8% |
Release dates from SEC 8-K filings.
Updated 10/24/2026
Historical statistics for educational purposes only. They are not forecasts and not investment advice.
Price reaction to the news
Latest news on KMI and what the price did next.
- 10/14/2026PositiveUtili Kinder Morgan oggi: cosa segnala il mercato delle opzioni
- +1 day
- +0.8%
- +3 days
- +4.2%
Return of the stock minus return of SPY over the same days. A news item close to a price move did not necessarily cause it. Historical data for educational purposes only, not investment advice.
Latest News
Recent headlines for KMI.
- 10d agoPOSITIVEUtili Kinder Morgan oggi: cosa segnala il mercato delle opzioni
Kinder Morgan Inc. has seen a significant recovery, with its stock price climbing over 30% from its year-to-date low to $33.43, reaching its highest point since May 20. This upward trend is driven by strong performance in natural gas transportation, a core segment for the energy infrastructure company. Increased demand for U.S. natural gas from Asian and European countries, partly influenced by geopolitical events like the U.S.-Iran conflict, is bolstering Kinder Morgan's business. Investors are now looking towards the upcoming earnings report for further confirmation of this positive momentum.
- 4/22/2026NEUTRALTranscript: Kinder Morgan Q1 2026 Earnings Conference Call
Kinder Morgan, Inc. held its Q1 2026 Earnings Conference Call on April 22, 2026. While the transcript is available, no specific financial results, forward-looking statements, or significant operational updates were provided in the initial announcement. Investors will need to review the full transcript for detailed financial performance, strategic initiatives, and management's outlook on the company's operations and future growth prospects. The call's content is crucial for assessing the company's current standing and future trajectory.
- 2/27/2026NEUTRALWhat 5 Analyst Ratings Have To Say About Kinder Morgan
Energy infrastructure giant Kinder Morgan (KMI) is currently under the analytical microscope, presenting a mixed bag of analyst ratings that reflect diverse perspectives on its future trajectory. In January 2022, Wolfe Research upgraded its stance from "Underperform" to "Peer Perform," indicating an improved outlook relative to its industry peers. However, this more optimistic view is tempered by earlier, more significant downgrades. Specifically, in June 2021, Stifel revised its rating from "Buy" to "Hold," while Goldman Sachs went further, downgrading from "Neutral" to "Sell." For investors, this divergence in expert opinions underscores the importance of thorough due diligence, weighing both the potential strengths and the ongoing challenges Kinder Morgan faces within the dynamic energy sector.