(KYN) Kayne Anderson MLP - Overview
Stock: Equity, Energy, MLP
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 7.89% |
| Yield on Cost 5y | 21.21% |
| Yield CAGR 5y | 17.71% |
| Payout Consistency | 90.4% |
| Payout Ratio | 34.4% |
| Risk 5d forecast | |
|---|---|
| Volatility | 16.7% |
| Relative Tail Risk | 3.25% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.30 |
| Alpha | -5.62 |
| Character TTM | |
|---|---|
| Beta | 0.768 |
| Beta Downside | 1.099 |
| Drawdowns 3y | |
|---|---|
| Max DD | 21.65% |
| CAGR/Max DD | 1.11 |
Description: KYN Kayne Anderson MLP January 13, 2026
Kayne Anderson MLP Investment Company (NYSE: KYN) is a closed-ended equity fund launched in 2004 and managed by KA Fund Advisors in partnership with Kayne Anderson Capital Advisors. The fund’s mandate is to invest primarily in U.S. energy-related master limited partnerships (MLPs) and related equities, with a focus on the Oil & Gas Storage & Transportation sub-industry.
Key drivers for KYN’s performance include (1) the average distribution yield of its underlying MLPs, which has hovered around 7-8% over the past 12 months, (2) pipeline utilization rates that have risen to roughly 78% amid higher freight demand, and (3) the sensitivity of MLP cash flow to commodity price trends-particularly natural gas, which has been supported by colder-season demand spikes and a tighter supply outlook.
Because MLPs are tax-structured entities, changes in U.S. tax policy or interest-rate environments can materially affect KYN’s net asset value; a 100-basis-point rise in Treasury yields typically compresses MLP valuations by 1-2%.
For a deeper, data-driven look at how KYN’s underlying assets compare on metrics like adjusted cash flow and dividend sustainability, you may find ValueRay’s analytics platform useful.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income: 382.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 4.83 > 1.0 |
| NWC/Revenue: -304.8% < 20% (prev -27.36%; Δ -277.4% < -1%) |
| CFO/TA 0.07 > 3% & CFO 211.5m > Net Income 382.6m |
| Net Debt (550.1m) to EBITDA (535.8m): 1.03 < 3 |
| Current Ratio: 0.03 > 1.5 & < 3 |
| Outstanding Shares: last quarter (169.1m) vs 12m ago 0.0% < -2% |
| Gross Margin: 42.54% > 18% (prev 0.93%; Δ 4162 % > 0.5%) |
| Asset Turnover: 1.56% > 50% (prev 13.72%; Δ -12.16% > 0%) |
| Interest Coverage Ratio: 43.04 > 6 (EBITDA TTM 535.8m / Interest Expense TTM 14.1m) |
Altman Z'' 0.48
| A: -0.05 (Total Current Assets 4.44m - Total Current Liabilities 152.1m) / Total Assets 3.24b |
| B: -0.08 (Retained Earnings -245.4m / Total Assets 3.24b) |
| C: 0.19 (EBIT TTM 605.4m / Avg Total Assets 3.11b) |
| D: -0.27 (Book Value of Equity -245.3m / Total Liabilities 898.3m) |
| Altman-Z'' Score: 0.48 = B |
What is the price of KYN shares?
Over the past week, the price has changed by +1.59%, over one month by +13.28%, over three months by +18.90% and over the past year by +8.71%.
Is KYN a buy, sell or hold?
- StrongBuy: 0
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the KYN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 33 | 146.3% |
| Analysts Target Price | 33 | 146.3% |
| ValueRay Target Price | 17.1 | 27.5% |
KYN Fundamental Data Overview February 03, 2026
P/B = 0.9514
Revenue TTM = 48.4m USD
EBIT TTM = 605.4m USD
EBITDA TTM = 535.8m USD
Long Term Debt = 450.1m USD (estimated: total debt 550.1m - short term 100.0m)
Short Term Debt = 100.0m USD (from shortTermDebt, last quarter)
Debt = 550.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 550.1m USD (from netDebt column, last quarter)
Enterprise Value = 2.77b USD (2.23b + Debt 550.1m - CCE 8.91m)
Interest Coverage Ratio = 43.04 (Ebit TTM 605.4m / Interest Expense TTM 14.1m)
EV/FCF = 13.11x (Enterprise Value 2.77b / FCF TTM 211.5m)
FCF Yield = 7.63% (FCF TTM 211.5m / Enterprise Value 2.77b)
FCF Margin = 436.7% (FCF TTM 211.5m / Revenue TTM 48.4m)
Net Margin = 789.9% (Net Income TTM 382.6m / Revenue TTM 48.4m)
Gross Margin = 42.54% ((Revenue TTM 48.4m - Cost of Revenue TTM 27.8m) / Revenue TTM)
Gross Margin QoQ = 86.70% (prev none%)
Tobins Q-Ratio = 0.86 (Enterprise Value 2.77b / Total Assets 3.24b)
Interest Expense / Debt = 1.10% (Interest Expense 6.04m / Debt 550.1m)
Taxrate = 19.83% (11.5m / 57.8m)
NOPAT = 485.3m (EBIT 605.4m * (1 - 19.83%))
Current Ratio = 0.03 (Total Current Assets 4.44m / Total Current Liabilities 152.1m)
Debt / Equity = 0.24 (Debt 550.1m / totalStockholderEquity, last quarter 2.34b)
Debt / EBITDA = 1.03 (Net Debt 550.1m / EBITDA 535.8m)
Debt / FCF = 2.60 (Net Debt 550.1m / FCF TTM 211.5m)
Total Stockholder Equity = 2.42b (last 4 quarters mean from totalStockholderEquity)
RoA = 12.31% (Net Income 382.6m / Total Assets 3.24b)
RoE = 15.81% (Net Income TTM 382.6m / Total Stockholder Equity 2.42b)
RoCE = 21.09% (EBIT 605.4m / Capital Employed (Equity 2.42b + L.T.Debt 450.1m))
RoIC = 17.86% (NOPAT 485.3m / Invested Capital 2.72b)
WACC = 7.19% (E(2.23b)/V(2.78b) * Re(8.75%) + D(550.1m)/V(2.78b) * Rd(1.10%) * (1-Tc(0.20)))
Discount Rate = 8.75% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 10.58%
[DCF Debug] Terminal Value 78.66% ; FCFF base≈147.2m ; Y1≈124.0m ; Y5≈93.2m
Fair Price DCF = 8.62 (EV 2.01b - Net Debt 550.1m = Equity 1.46b / Shares 169.1m; r=7.19% [WACC]; 5y FCF grow -19.05% → 2.90% )
EPS Correlation: -27.05 | EPS CAGR: -30.21% | SUE: 0.26 | # QB: 0
Revenue Correlation: -12.81 | Revenue CAGR: 158.5% | SUE: N/A | # QB: 0