Energy · Oil & Gas Midstream
Price
$31.69
Market Cap
$70.5B
Employees
10,933
Beta
0.53
Avg Volume
11,018,617
CEO
Kimberly Allen Dang
Kinder Morgan, Inc. operates as a leading energy infrastructure company across North America. Its extensive operations are categorized into four primary business segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment manages a vast network of interstate and intrastate natural gas pipelines, along with underground storage systems. This includes natural gas gathering systems, processing and treatment facilities, natural gas liquids fractionation plants, transportation systems, and infrastructure for liquefied natural gas liquefaction and storage. Within its Products Pipelines segment, the company owns and operates pipelines designed for refined petroleum products, crude oil, and condensate, supported by associated product terminals and facilities for petroleum pipeline transmix. The Terminals segment involves the ownership and operation of both liquid and bulk terminals that are utilized for storing and handling a wide array of commodities, such as gasoline, diesel fuel, various chemicals, ethanol, metals, and petroleum coke. This division also includes the ownership of tankers. Lastly, the CO2 segment is dedicated to the production, transportation, and marketing of carbon dioxide, primarily for enhanced oil recovery from mature oil fields. This segment also holds interests in or operates oil fields and gasoline processing plants, oversees a crude oil pipeline system located in West Texas, and manages renewable natural gas (RNG) and liquefied natural gas (LNG) facilities. In total, Kinder Morgan owns and operates approximately 83,000 miles of pipelines and 143 terminals. The company, initially named Kinder Morgan Holdco LLC, officially changed its name to Kinder Morgan, Inc. in February 2011. Founded in 1936, its corporate headquarters are situated in Houston, Texas.
Runs with full report
Price Overview
Last updated: Jul 7, 2026 5:40am (just now)
Current data · timestamped when a report runs
$31.69
Change · Jul 7
-0.37 (-1.15%)
Day Range
$31.65 – $32.29
52-Week Range
$25.60 – $34.81
50-Day MA
$32.17
200-Day MA
$30.01
Volume
6,977,098.00
Analyst Price Targets
Low
$32.00
Consensus
$36.67
High
$43.00
(43 analysts)
Share Structure
Outstanding
2,224,825,757.00
Float
1,933,418,079.00
Free Float
86.9%
High free float
— 86.9% of shares trade freely, ~13.1% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
21.27
Stock Price: $31.69
EPS (Diluted): 1.37
EPS (Diluted): 1.37
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.96
Stock Price: $31.69
Total Equity: $31.16B
Shares: 2,225,000,000
Total Equity: $31.16B
Shares: 2,225,000,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
13.07
Market Cap: $70.50B
Total Debt: $32.22B
Cash: $109.00M
EBITDA: $7.48B
Total Debt: $32.22B
Cash: $109.00M
EBITDA: $7.48B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$93.4B
Market Cap: $70.50B
Total Debt: $32.22B
Cash: $109.00M
Total Debt: $32.22B
Cash: $109.00M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
43.7%
Gross Profit: $7.40B
Revenue: $16.95B
Revenue: $16.95B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
28.4%
Operating Income: $4.81B
Revenue: $16.95B
Revenue: $16.95B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
18.0%
Net Income: $3.06B
Revenue: $16.95B
Revenue: $16.95B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
10.7%
Net Income: $3.06B
Total Equity: $31.16B
Total Equity: $31.16B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
5.6%
Operating Income: $4.81B
Tax Rate: 20.8%
Equity: $31.16B
Total Debt: $32.22B
Cash: $109.00M
Tax Rate: 20.8%
Equity: $31.16B
Total Debt: $32.22B
Cash: $109.00M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.64
Current Assets: $2.75B
Current Liabilities: $4.32B
Current Liabilities: $4.32B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
1.03
Short-Term Debt: $1.28B
Long-Term Debt: $30.94B
Total Debt: $32.22B
Total Equity: $31.16B
Long-Term Debt: $30.94B
Total Debt: $32.22B
Total Equity: $31.16B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$7.62
Revenue: $16.95B
Shares: 2,225,000,000
Shares: 2,225,000,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$14.01
Total Equity: $31.16B
Shares: 2,225,000,000
Shares: 2,225,000,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$1.45
Operating CF: $6.25B
CapEx: -$3.03B
Shares: 2,225,000,000
CapEx: -$3.03B
Shares: 2,225,000,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
4.3%
Last Dividend: N/A
Stock Price: $31.69
Stock Price: $31.69
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $3.06B
Net Income: $3.06B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares KMI against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 7, 2026 5:40am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $17.5B | $19.6B | $15.2B | $15.1B | $17.0B |
| Cost of Revenue | $11.2B | $14.1B | $10.0B | $9.5B | $9.5B |
| Gross Profit | $6.4B | $5.5B | $5.1B | $5.5B | $7.4B |
| Operating Expenses | $1.1B | $1.1B | $1.1B | $1.1B | $2.6B |
| Operating Income | $5.3B | $4.4B | $4.0B | $4.4B | $4.8B |
| Net Income | $1.8B | $2.5B | $2.4B | $2.6B | $3.1B |
| EBITDA | $5.9B | $7.0B | $7.3B | $7.6B | $7.5B |
| EPS | $0.78 | $1.12 | $1.06 | $1.17 | $1.37 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 7, 2026 5:40am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.1B | $745.0M | $83.0M | $88.0M | $109.0M |
| Total Current Assets | $3.8B | $3.8B | $2.5B | $2.5B | $2.8B |
| Total Assets | $72.4B | $70.1B | $71.0B | $71.4B | $74.6B |
| Current Liabilities | $5.8B | $6.9B | $7.2B | $5.1B | $4.3B |
| Long-Term Debt | $30.9B | $28.6B | $28.3B | $30.1B | $30.9B |
| Total Liabilities | $40.4B | $38.0B | $39.3B | $39.5B | $42.1B |
| Total Equity | $30.8B | $30.7B | $30.3B | $30.5B | $31.2B |
| Retained Earnings | -$10.6B | -$10.6B | -$10.7B | -$10.6B | -$10.2B |
Cash Flow (Annual)
Last updated: Jul 7, 2026 5:40am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $5.7B | $5.0B | $6.5B | $5.6B | $6.2B |
| Capital Expenditure | -$1.3B | -$1.6B | -$2.3B | -$2.6B | -$3.0B |
| Free Cash Flow | $4.4B | $3.3B | $4.1B | $3.0B | $3.2B |
| Acquisitions (net) | -$1.5B | -$487.0M | -$1.8B | -$62.0M | -$648.0M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | -$368.0M | -$522.0M | -$7.0M | $0 |
| Net Change in Cash | -$62.0M | -$353.0M | -$698.0M | $118.0M | -$105.0M |
Analyst Estimates (Annual)
Last updated: Jul 7, 2026 5:40am (just now)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$18.6B $18.2B – $19.1B
|
$19.6B $19.4B – $19.7B
|
$20.4B $19.6B – $21.0B
|
$21.6B $20.8B – $22.2B
|
| EBITDA |
$7.9B $7.7B – $8.1B
|
$8.3B $8.2B – $8.4B
|
$8.6B $8.3B – $8.9B
|
$9.1B $8.8B – $9.4B
|
| Net Income |
$3.3B $3.0B – $3.8B
|
$3.6B $3.3B – $4.0B
|
$3.9B $3.7B – $4.1B
|
$4.1B $3.9B – $4.3B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 7, 2026 5:40am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +11.5% | -22.5% | -0.5% | +12.5% |
| Gross Profit Growth | -13.5% | -6.7% | +7.7% | +33.9% |
| Operating Income Growth | -16.2% | -8.6% | +8.4% | +9.8% |
| Net Income Growth | +42.8% | -6.2% | +9.3% | +17.0% |
| EBITDA Growth | +20.2% | +3.2% | +5.1% | -1.9% |
Dividend History (Last 20)
Last updated: Jul 7, 2026 5:40am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-04 | $0.30 | 2026-04-22 | 2026-05-04 | 2026-05-15 |
| 2026-02-02 | $0.29 | 2026-01-21 | 2026-02-02 | 2026-02-17 |
| 2025-11-03 | $0.29 | 2025-10-22 | 2025-11-03 | 2025-11-17 |
| 2025-07-31 | $0.29 | 2025-07-16 | 2025-07-31 | 2025-08-15 |
| 2025-04-30 | $0.29 | 2025-04-16 | 2025-04-30 | 2025-05-15 |
| 2025-02-03 | $0.29 | 2025-01-22 | 2025-02-03 | 2025-02-18 |
| 2024-10-31 | $0.29 | 2024-10-16 | 2024-10-31 | 2024-11-15 |
| 2024-07-31 | $0.29 | 2024-07-17 | 2024-07-31 | 2024-08-15 |
| 2024-04-29 | $0.29 | 2024-04-17 | 2024-04-30 | 2024-05-15 |
| 2024-01-30 | $0.28 | 2024-01-17 | 2024-01-31 | 2024-02-15 |
| 2023-10-30 | $0.28 | 2023-10-18 | 2023-10-31 | 2023-11-15 |
| 2023-07-28 | $0.28 | 2023-07-19 | 2023-07-31 | 2023-08-15 |
| 2023-04-28 | $0.28 | 2023-04-19 | 2023-05-01 | 2023-05-15 |
| 2023-01-30 | $0.28 | 2023-01-18 | 2023-01-31 | 2023-02-15 |
| 2022-10-28 | $0.28 | 2022-10-19 | 2022-10-31 | 2022-11-15 |
| 2022-07-29 | $0.28 | 2022-07-20 | 2022-08-01 | 2022-08-15 |
| 2022-04-29 | $0.28 | 2022-04-20 | 2022-05-02 | 2022-05-16 |
| 2022-01-28 | $0.27 | 2022-01-19 | 2022-01-31 | 2022-02-15 |
| 2021-10-29 | $0.27 | 2021-10-20 | 2021-11-01 | 2021-11-15 |
| 2021-07-30 | $0.27 | 2021-07-21 | 2021-08-02 | 2021-08-16 |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-07-06 | Schlosser John W | S-Sale | 6,166.00 | $31.90 | $196,720 |
| 2026-06-16 | Garthwaite Michael P. | S-Sale | 1,550.00 | $31.44 | $48,727 |
| 2026-06-05 | Schlosser John W | S-Sale | 6,166.00 | $31.83 | $196,264 |
| 2026-05-18 | Garthwaite Michael P. | S-Sale | 1,550.00 | $33.65 | $52,151 |
| 2026-05-05 | Schlosser John W | S-Sale | 6,166.00 | $32.41 | $199,840 |
| 2026-04-16 | Garthwaite Michael P. | S-Sale | 1,550.00 | $31.72 | $49,168 |
| 2026-04-06 | Schlosser John W | S-Sale | 6,166.00 | $32.93 | $203,071 |
| 2026-03-16 | Garthwaite Michael P. | S-Sale | 1,550.00 | $33.30 | $51,609 |
| 2026-03-05 | Schlosser John W | S-Sale | 6,166.00 | $33.68 | $207,640 |
| 2026-02-17 | ASHLEY ANTHONY B | S-Sale | 8,000.00 | $31.95 | $255,560 |
| 2026-02-05 | Schlosser John W | S-Sale | 6,166.00 | $30.09 | $185,523 |
| 2025-12-31 | Pitta Michael J | 0.00 | $0.00 | $0 | |
| 2026-02-02 | SMITH WILLIAM A | P-Purchase | 3,000.00 | $29.75 | $89,236 |
| 2026-01-22 | Michels David Patrick | S-Sale | 20,000.00 | $30.00 | $600,000 |
| 2026-01-20 | VAGT ROBERT F | A-Award | 1,790.00 | $27.96 | $50,048 |
| 2026-01-20 | Chronis Amy W | A-Award | 8,950.00 | $27.96 | $250,242 |
| 2026-01-05 | Schlosser John W | S-Sale | 6,166.00 | $27.49 | $169,491 |
| 2025-12-05 | Schlosser John W | S-Sale | 6,166.00 | $27.81 | $171,476 |
| 2025-11-17 | Sanders Dax | G-Gift | 1,500.00 | $0.00 | $0 |
| 2025-11-10 | Schlosser John W | S-Sale | 6,166.00 | $27.00 | $166,482 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for KMI — it's generated by the pipeline (
market-narrative step).
No community reviews yet for KMI.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v20260706-213327 · 1f28e06c · 2026-07-06 21:33:45