KMI Stock Analysis: Kinder Morgan | NYSE
Oil & Gas Midstream | NYSE, USA | Market Cap: 73.442m USD | 12M Return: 16.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 303M
EPS Trend: 83.0%
Qual. Beats: 2
Rev. Trend: 42.9%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
Kinder Morgan, Inc. (NYSE: KMI) is a Houston-based energy infrastructure company operating primarily in North America through four business segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. Its assets include interstate and intrastate natural gas transmission and storage systems, refined petroleum and crude oil pipelines, liquids and bulk terminals, and CO2 production and transportation operations used for enhanced oil recovery. The company operates within the midstream energy sector (GICS Sub Industry: Oil & Gas Storage & Transportation), which focuses on the transportation, storage, and processing of hydrocarbons rather than exploration and production, and typically generates revenue largely through long-term, fee-based contracts with regulated or contractual rate structures. Founded in 1997 and renamed Kinder Morgan, Inc. in February 2011, KMI is classified as a large-cap stock with a market capitalization of approximately $70.3 billion.
- LNG export demand lifts natural gas pipeline throughput volumes
- FERC tariff rulings shape pipeline segment revenue trajectory
- Dividend growth backed by disciplined capex and debt reduction
| 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 (7.84b): 4.08 < 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: 3.01 > 6 (EBIT TTM 5.37b / 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 5.37b / Avg Total Assets 72.7b) |
| D: 0.77 (Book Value of Equity 31.3b / Total Liabilities 40.5b) |
| Altman-Z'' = 0.65 = 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 July 02, 2026, the stock is trading at USD 31.97 with a total of 20,381,920 shares traded. Over the past week, the price has changed by -2.67%, over one month by +2.82%, over three months by -2.64% and over the past year by +16.60%.
Current recommended Stop Loss: 30.30 (which is 5.2% or 2.3 ATR below the current price).
Kinder Morgan has received a consensus analysts rating of 3.87. Therefore, it is recommended to buy KMI.
- StrongBuy: 9
- Buy: 2
- Hold: 12
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 35.3 | 10.5% |
P/E Trailing = 22.1544
P/E Forward = 23.9234
P/S = 4.1909
P/B = 2.3447
P/EG = 3.9085
Revenue TTM = 17.5b USD
EBIT TTM = 5.37b USD
EBITDA TTM = 7.84b 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 = 105b USD (73.4b + Debt 32.1b - CCE 72.0m)
Interest Coverage Ratio = 3.01 (Ebit TTM 5.37b / Interest Expense TTM 1.78b)
EV/FCF = 27.09x (Enterprise Value 105b / FCF TTM 3.89b)
FCF Yield = 3.69% (FCF TTM 3.89b / Enterprise Value 105b)
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 = 1.44 (Enterprise Value 105b / Total Assets 73.1b)
Interest Expense / Debt = 5.55% (Interest Expense 1.78b / Debt 32.1b)
Taxrate = 21.44% (933.0m / 4.35b)
NOPAT = 4.21b (EBIT 5.37b * (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 = 4.08 (Net Debt 32.0b / EBITDA 7.84b)
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 = 8.83% (EBIT 5.37b / Capital Employed (Equity 31.0b + L.T.Debt 29.8b))
RoIC = 6.02% (NOPAT 4.21b / Invested Capital 70.0b)
WACC = 6.00% (E(73.4b)/V(105b) * Re(6.72%) + D(32.1b)/V(105b) * Rd(5.55%) * (1-Tc(0.21)))
Discount Rate = 6.72% (= 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: 82.99 | EPS CAGR: 7.83% | SUE: 4.0 | # QB: 2
Revenue Correlation: 42.91 | Revenue CAGR: 2.59% | SUE: 0.80 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.32 | Chg30d=+0.84% | Revisions=+11% | Analysts=10
EPS current Year (2026-12-31): EPS=1.49 | Chg30d=+0.58% | Revisions=+64% | GrowthEPS=+14.4% | GrowthRev=+6.6%
EPS next Year (2027-12-31): EPS=1.51 | Chg30d=+0.43% | Revisions=+60% | GrowthEPS=+1.3% | GrowthRev=+3.8%
[Analyst] Revisions Ratio: +64%