(KMI) Kinder Morgan - Overview
Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 71.684m USD | Total Return: 14.4% in 12m
Avg Turnover: 288M
EPS Trend: 79.0%
Qual. Beats: 2
Rev. Trend: 42.9%
Qual. Beats: 0
Warnings
Altman Z'' 0.62 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
Confidence
Kinder Morgan, Inc. (KMI) is a major North American energy infrastructure company headquartered in Houston, Texas. The firm operates through four primary segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. Its extensive network includes interstate and intrastate pipelines, storage facilities, and processing plants for natural gas, crude oil, and refined petroleum products.
The company utilizes a midstream business model, which typically generates revenue through fee-based contracts for the transport and storage of energy commodities. This structural approach aims to reduce direct exposure to commodity price volatility by focusing on throughput volume. The CO2 segment is distinct, focusing on enhanced oil recovery and the production of renewable natural gas (RNG) and liquefied natural gas (LNG).
The midstream sector is characterized by high barriers to entry due to the significant capital expenditure required for pipeline construction and regulatory compliance. Investors may find it useful to examine the companys long-term contract structures on ValueRay. Founded in 1997, Kinder Morgan maintains a critical role in the distribution of gasoline, diesel, and renewable feedstocks across the United States.
- Natural gas demand growth for power generation and LNG exports
- Capital expenditure efficiency impacts distributable cash flow and dividend growth
- Permitting hurdles and regulatory shifts delay major pipeline infrastructure projects
- Commodity price volatility affects CO2 segment oil production and marketing margins
- Expansion of renewable natural gas and energy transition assets diversifies revenue streams
| Net Income: 3.31b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 1.43 > 1.0 |
| NWC/Revenue: -14.12% < 20% (prev -20.65%; Δ 6.52% < -1%) |
| CFO/TA 0.09 > 3% & CFO 6.31b > Net Income 3.31b |
| Net Debt (32.0b) to EBITDA (7.57b): 4.23 < 3 |
| Current Ratio: 0.52 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.23b) vs 12m ago 0.14% < -2% |
| Gross Margin: 46.95% > 18% (prev 36.08%; Δ 10.87% > 0.5%) |
| Asset Turnover: 24.11% > 50% (prev 21.42%; Δ 2.68% > 0%) |
| Interest Coverage Ratio: 2.86 > 6 (EBIT TTM 5.09b / Interest Expense TTM 1.78b) |
| A: -0.03 (Total Current Assets 2.71b - Total Current Liabilities 5.18b) / Total Assets 73.1b |
| B: -0.13 (Retained Earnings -9.86b / Total Assets 73.1b) |
| C: 0.07 (EBIT TTM 5.09b / Avg Total Assets 72.7b) |
| D: 0.77 (Book Value of Equity 31.3b / Total Liabilities 40.5b) |
| Altman-Z'' = 0.62 = B |
| DSRI: 0.95 (Receivables 1.58b/1.48b, Revenue 17.5b/15.5b) |
| GMI: 0.77 (GM 36.08% / 46.95%) |
| AQI: 0.98 (AQ_t 0.42 / AQ_t-1 0.43) |
| SGI: 1.13 (Revenue 17.5b / 15.5b) |
| TATA: -0.04 (NI 3.31b - CFO 6.31b) / TA 73.1b) |
| Beneish M = -3.20 (Cap -4..+1) = AA |
As of June 04, 2026, the stock is trading at USD 31.37 with a total of 6,052,528 shares traded.
Over the past week, the price has changed by -2.64%,
over one month by -3.39%,
over three months by -6.77% and
over the past year by +14.39%.
Kinder Morgan has received a consensus analysts rating of 3.90. Therefore, it is recommended to buy KMI.
- StrongBuy: 8
- Buy: 3
- Hold: 8
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 35.3 | 12.6% |
P/E Trailing = 21.6242
P/E Forward = 23.5294
P/S = 4.0906
P/B = 2.2886
P/EG = 3.8429
Revenue TTM = 17.5b USD
EBIT TTM = 5.09b USD
EBITDA TTM = 7.57b USD
Long Term Debt = 29.8b USD (from longTermDebt, last quarter)
Short Term Debt = 2.19b USD (from shortTermDebt, last quarter)
Debt = 32.1b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 32.0b USD (calculated: Debt 32.1b - CCE 72.0m)
Enterprise Value = 104b USD (71.7b + Debt 32.1b - CCE 72.0m)
Interest Coverage Ratio = 2.86 (Ebit TTM 5.09b / Interest Expense TTM 1.78b)
EV/FCF = 26.64x (Enterprise Value 104b / FCF TTM 3.89b)
FCF Yield = 3.75% (FCF TTM 3.89b / Enterprise Value 104b)
FCF Margin = 22.20% (FCF TTM 3.89b / Revenue TTM 17.5b)
Net Margin = 18.92% (Net Income TTM 3.31b / Revenue TTM 17.5b)
Gross Margin = 46.95% ((Revenue TTM 17.5b - Cost of Revenue TTM 9.30b) / Revenue TTM)
Gross Margin QoQ = 49.05% (prev 67.90%)
Tobins Q-Ratio = 1.42 (Enterprise Value 104b / Total Assets 73.1b)
Interest Expense / Debt = 5.55% (Interest Expense 1.78b / Debt 32.1b)
Taxrate = 21.44% (933.0m / 4.35b)
NOPAT = 4.00b (EBIT 5.09b * (1 - 21.44%))
Current Ratio = 0.52 (Total Current Assets 2.71b / Total Current Liabilities 5.18b)
Debt / Equity = 1.02 (Debt 32.1b / totalStockholderEquity, last quarter 31.3b)
Debt / EBITDA = 4.23 (Net Debt 32.0b / EBITDA 7.57b)
Debt / FCF = 8.22 (Net Debt 32.0b / FCF TTM 3.89b)
Total Stockholder Equity = 31.0b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.56% (Net Income 3.31b / Total Assets 73.1b)
RoE = 10.69% (Net Income TTM 3.31b / Total Stockholder Equity 31.0b)
RoCE = 8.38% (EBIT 5.09b / Capital Employed (Equity 31.0b + L.T.Debt 29.8b))
RoIC = 5.71% (NOPAT 4.00b / Invested Capital 70.0b)
WACC = 6.12% (E(71.7b)/V(104b) * Re(6.91%) + D(32.1b)/V(104b) * Rd(5.55%) * (1-Tc(0.21)))
Discount Rate = 6.91% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 72.17 | Cagr: 0.08%
[DCF] Terminal Value 77.97% ; FCFF base≈3.46b ; Y1≈3.97b ; Y5≈5.84b
[DCF] Fair Price = 25.12 (EV 87.9b - Net Debt 32.0b = Equity 55.9b / Shares 2.22b; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 79.00 | EPS CAGR: 7.24% | SUE: 4.0 | # QB: 2
Revenue Correlation: 42.91 | Revenue CAGR: 2.59% | SUE: 0.80 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.33 | Chg30d=+7.67% | Revisions=+33% | Analysts=8
EPS next Quarter (2026-09-30): EPS=0.31 | Chg30d=-2.71% | Revisions=-11% | Analysts=7
EPS current Year (2026-12-31): EPS=1.48 | Chg30d=+5.42% | Revisions=+69% | GrowthEPS=+13.6% | GrowthRev=+5.1%
EPS next Year (2027-12-31): EPS=1.53 | Chg30d=+3.76% | Revisions=+73% | GrowthEPS=+3.5% | GrowthRev=+2.2%
[Analyst] Revisions Ratio: +73%