KMI Stock Analysis: Kinder Morgan | NYSE
Oil & Gas Midstream | NYSE, USA | Market Cap: 67.984m USD | 12M Return: 18.2% | US49456B1017 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 386M
EPS Trend: 88.8%
Qual. Beats: 3
Rev. Trend: 83.9%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America, headquartered in Houston, Texas, and founded in 1997. It was formerly known as Kinder Morgan Holdco LLC before adopting its current name in February 2011, coinciding with its IPO. The company operates through four core business segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2, positioning it within the GICS Oil & Gas Storage & Transportation sub-industry.
The Natural Gas Pipelines segment, typically the companys largest revenue contributor, owns and operates an extensive network of interstate and intrastate pipelines, storage systems, and gathering and processing facilities, including NGL fractionation and LNG-related infrastructure. The Products Pipelines segment transports refined petroleum products, crude oil, and condensate, operating associated terminals and transmix facilities, which are critical for moving fuels from refineries to end markets across the continent.
The Terminals segment provides storage and handling services for a broad mix of commodities, including gasoline, diesel, renewable fuels, chemicals, ethanol, metals, and petroleum coke, and also owns and operates tankers. The CO2 segment produces, transports, and markets CO2 used for enhanced oil recovery, operates oil fields and crude oil pipelines in West Texas, and has expanded into renewable natural gas (RNG) and LNG operations, reflecting the companys gradual diversification toward lower-carbon energy assets.
As a large-cap energy infrastructure operator with a market capitalization of approximately $68 billion, Kinder Morgan primarily generates revenue through long-term, fee-based contracts, a business model common among midstream operators. This structure provides relatively stable cash flows tied to the volume of energy commodities moved and stored, rather than direct commodity price exposure.
- Natural gas pipeline volumes rise on LNG export demand
- Products Pipelines segment faces oil volume headwinds from refinery shifts
- Terminals segment expands renewable fuels storage capacity
| Net Income: 3.47b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 1.46 > 1.0 |
| NWC/Revenue: -15.53% < 20% (prev -7.20%; Δ -8.33% < -1%) |
| CFO/TA 0.09 > 3% & CFO 6.62b > Net Income 3.47b |
| Net Debt (32.2b) to EBITDA (8.06b): 3.99 < 3 |
| Current Ratio: 0.51 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.23b) vs 12m ago 0.14% < -2% |
| Gross Margin: 54.89% > 18% (prev 35.81%; Δ 19.08% > 0.5%) |
| Asset Turnover: 24.53% > 50% (prev 22.02%; Δ 2.50% > 0%) |
| Interest Coverage Ratio: 3.19 > 6 (EBIT TTM 5.58b / Interest Expense TTM 1.75b) |
| A: -0.04 (Total Current Assets 2.86b - Total Current Liabilities 5.65b) / Total Assets 74.1b |
| B: -0.13 (Retained Earnings -9.66b / Total Assets 74.1b) |
| C: 0.08 (EBIT TTM 5.58b / Avg Total Assets 73.2b) |
| D: 0.77 (Book Value of Equity 31.6b / Total Liabilities 41.2b) |
| Altman-Z'' = 0.65 = B |
| DSRI: 0.95 (Receivables 1.56b/1.45b, Revenue 18.0b/15.9b) |
| GMI: 0.65 (GM 35.81% / 54.89%) |
| AQI: 0.97 (AQ_t 0.41 / AQ_t-1 0.43) |
| SGI: 1.13 (Revenue 18.0b / 15.9b) |
| TATA: -0.04 (NI 3.47b - CFO 6.62b) / TA 74.1b) |
| Beneish M = -3.31 (Cap -4..+1) = AA |
As of October 08, 2026, the stock is trading at USD 31.82 with a total of 7,417,567 shares traded. Over the past week, the price has changed by +5.54%, over one month by -0.50%, over three months by -1.15% and over the past year by +18.16%.
Current recommended Stop Loss: 30.10 (which is 5.4% or 2.3 ATR below the current price).
Kinder Morgan has received a consensus analysts rating of 3.88. Therefore, it is recommended to buy KMI.
- StrongBuy: 10
- Buy: 2
- Hold: 13
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 36.1 | 13.4% |
P/E Trailing = 19.4459
P/E Forward = 20.0
P/S = 3.7855
P/B = 2.2014
P/EG = 3.1918
Revenue TTM = 18.0b USD
EBIT TTM = 5.58b USD
EBITDA TTM = 8.06b USD
Long Term Debt = 29.7b USD (from longTermDebt, last quarter)
Short Term Debt = 2.44b USD (from shortTermDebt, last quarter)
Debt = 32.2b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 32.2b USD (calculated: Debt 32.2b - CCE 89.0m)
Enterprise Value = 100b USD (68.0b + Debt 32.2b - CCE 89.0m)
Interest Coverage Ratio = 3.19 (Ebit TTM 5.58b / Interest Expense TTM 1.75b)
EV/FCF = 25.90x (Enterprise Value 100b / FCF TTM 3.87b)
FCF Yield = 3.86% (FCF TTM 3.87b / Enterprise Value 100b)
FCF Margin = 21.53% (FCF TTM 3.87b / Revenue TTM 18.0b)
Net Margin = 19.31% (Net Income TTM 3.47b / Revenue TTM 18.0b)
Gross Margin = 54.89% ((Revenue TTM 18.0b - Cost of Revenue TTM 8.10b) / Revenue TTM)
Gross Margin QoQ = 68.62% (prev 49.05%)
Tobins Q-Ratio = 1.35 (Enterprise Value 100b / Total Assets 74.1b)
Interest Expense / Debt = 5.44% (Interest Expense 1.75b / Debt 32.2b)
Taxrate = 22.36% (1.03b / 4.60b)
NOPAT = 4.34b (EBIT 5.58b * (1 - 22.36%))
Current Ratio = 0.51 (Total Current Assets 2.86b / Total Current Liabilities 5.65b)
Debt / Equity = 1.02 (Debt 32.2b / totalStockholderEquity, last quarter 31.6b)
Debt / EBITDA = 3.99 (Net Debt 32.2b / EBITDA 8.06b)
Debt / FCF = 8.32 (Net Debt 32.2b / FCF TTM 3.87b)
Total Stockholder Equity = 31.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.74% (Net Income 3.47b / Total Assets 74.1b)
RoE = 11.11% (Net Income TTM 3.47b / Total Stockholder Equity 31.2b)
RoCE = 9.17% (EBIT 5.58b / Capital Employed (Equity 31.2b + L.T.Debt 29.7b))
RoIC = 6.13% (NOPAT 4.34b / Invested Capital 70.8b)
WACC = 6.01% (E(68.0b)/V(100b) * Re(6.86%) + D(32.2b)/V(100b) * Rd(5.44%) * (1-Tc(0.22)))
Discount Rate = 6.86% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 94.45 | Cagr: 0.10%
[DCF] Terminal Value 77.97% ; FCFF base≈3.41b ; Y1≈3.91b ; Y5≈5.75b
[DCF] Fair Price = 24.43 (EV 86.6b - Net Debt 32.2b = Equity 54.4b / Shares 2.23b; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 88.78 | EPS CAGR: 11.47% | SUE: 1.70 | # QB: 3
Revenue Correlation: 83.90 | Revenue CAGR: 5.89% | SUE: 0.84 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.33 | Chg30d=+1.27% | Revisions=-40% | Analysts=13
EPS current Year (2026-12-31): EPS=1.56 | Chg30d=+0.40% | Revisions=+17% | GrowthEPS=+20.3% | GrowthRev=+8.3%
EPS next Year (2027-12-31): EPS=1.54 | Chg30d=+0.44% | Revisions=-12% | GrowthEPS=-1.3% | GrowthRev=+2.2%
[Analyst] Revisions Ratio: -15% (up=4, down=6)