Kinder Morgan owns and operates one of the largest pipeline networks in the U.S., moving natural gas, crude oil, and refined petroleum products between production areas and end markets. The bulk of its business is natural gas—gathering from wellheads, interstate transmission, and storage. It also handles refined products terminals and operates Jones Act tankers for domestic marine transport. Revenue comes primarily from fee-based contracts with producers, utilities, and industrial customers, providing relatively predictable cash flows tied to volumes transported rather than commodity prices.
Employees11,028IPOFeb 11, 2011SIC4922HQ1001 Louisiana Street, Suite 1000, Houston, TX, USA, 77002
to
Financials
Profitability
Metric
Current
Margins
Gross Margin
52.8%
Operating Margin
29.1%
EBITDA Margin
42.9%
Net Margin
19.3%
OCF Margin
36.5%
FCF Margin
17.6%
Returns on Capital
ROE
11.1%
ROA
4.8%
ROIC
5.6%
ROCE
7.6%
ROC (Greenblatt)
13.2%
3Y ROIIC
47.5%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
21.92
Forward P/E
22.65
P/E ex-NRI
22.21
Shiller P/E (CAPE)
37.58
Cash Flow Multiples
P/FCF
24.13
P/OCF
11.57
P/Owner Earnings
14.82
FCF Yield
4.15%
Enterprise Value Multiples
EV / EBIT
20.97
EV / Forward EBIT
17.18
EV / EBITDA
14.22
EV / Forward EBITDA
12.47
EV / Revenue
6.09
EV / Forward Revenue
5.96
Asset / Sales
P/S
4.21
P/B
2.41
P/Tangible Book
7.86
Growth-Adjusted
PEG
5.29
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
3.44%
Forward Dividend Yield
3.45%
3Y Dividend Growth
1.8%
Payout Ratio
0.76
5Y Yield on Cost
4.17%
Buybacks & Dilution
3Y Buyback Ratio
0.30%
5Y Share Change
−1.8%
Combined
Shareholder Yield
3.64%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
1.02
Gross Debt / EBITDA
4.18
Cash / Debt
0.00
Equity / Assets
0.43
Coverage
Interest Coverage
2.98
Short-Term Liquidity
Current Ratio
0.46
Quick Ratio
0.36
Cash Ratio
0.02
Composite Scores
Piotroski F-Score
6
Altman Z-Score
1.33
Split History
Date
Split
No split history found.
Ex-date
Amount
Pay date
2026-08-03
$0.2975
2026-08-17
2026-05-04
$0.2975
2026-05-15
2026-02-02
$0.2925
2026-02-17
2025-11-03
$0.2925
2025-11-17
2025-07-31
$0.2925
2025-08-15
2025-04-30
$0.2925
2025-05-15
2025-02-03
$0.2875
2025-02-18
2024-10-31
$0.2875
2024-11-15
2024-07-31
$0.2875
2024-08-15
2024-04-29
$0.2875
2024-05-15
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View allDate
Transcript
Type
2026-07-22
Q2 2026 Kinder Morgan Inc Earnings Call Transcript
Earnings Call
2026-05-27
Kinder Morgan Inc at Bernstein Strategic Decisions Conference Transcript
Conference Presentations
2026-04-22
Q1 2026 Kinder Morgan Inc Earnings Call Transcript
Earnings Call
2026-01-21
Q4 2025 Kinder Morgan Inc Earnings Call Transcript
Earnings Call
2025-12-09
Kinder Morgan Inc at Wells Fargo Energy & Power Conference Transcript
Conference Presentations
2025-10-22
Q3 2025 Kinder Morgan Inc Earnings Call Transcript
Earnings Call
2025-07-16
Q2 2025 Kinder Morgan Inc Earnings Call Transcript
Earnings Call
2025-04-16
Q1 2025 Kinder Morgan Inc Earnings Call Transcript
Earnings Call
2025-01-22
Q4 2024 Kinder Morgan Inc Earnings Call Transcript
Earnings Call
2024-10-16
Q3 2024 Kinder Morgan Inc Earnings Call Transcript
Earnings Call
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5-Step DuPont Analysis
ROE %
11.11%
×
×
Net Margin %
19.31%
×
×
Operating Margin %
29.05%
Operating Income
$5.22B
÷
Revenue
$17.96B
×
Tax Burden
0.7540
Net Income
$3.47B
÷
Pretax Income
$4.60B
×
Interest Burden
0.8813
Pretax Income
$4.60B
÷
Operating Income
$5.22B
×
Asset Turnover
0.25
÷
Revenue
$17.96B
÷
Average Total Assets
$73.22B
Begin Total Assets
$72.37B
End Total Assets
$74.06B
×
Equity Multiplier
2.35
÷
Avg Total Assets
$73.22B
÷
Avg Stockholders Equity
$31.20B
Begin Equity
$30.77B
End Equity
$31.63B
Top institutional holders
Q2 2026| Holder | Shares | % Owned | Chg. shares | |
|---|---|---|---|---|
| BlackRock, Inc. | 175.8M | 7.90% | +1.9M | $5.62B |
| STATE STREET CORP | 130.9M | 5.88% | +5.4M | $4.18B |
| VANGUARD CAPITAL MANAGEMENT LLC | 125.6M | 5.65% | +636.8K | $4.02B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 67.9M | 3.05% | +571.5K | $2.17B |
| BANK OF AMERICA CORP /DE/ | 61.5M | 2.76% | -562.4K | $1.96B |
| GEODE CAPITAL MANAGEMENT, LLC | 55.7M | 2.50% | +751.4K | $1.77B |
| NORGES BANK | 37.6M | 1.69% | new | $1.20B |
| JPMORGAN CHASE & CO | 32.4M | 1.46% | +1.4M | $1.05B |
| MORGAN STANLEY | 30.5M | 1.37% | +207.0K | $974.34M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 29.8M | 1.34% | -599.2K | $952.04M |
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View allTop insider holdings
as reported| Insider | Shares held | % Owned | |
|---|---|---|---|
| Dang Kimberly AOfficer | 3.2M | 0.1458% | $110.91M |
| Holland James EOfficer | 614.7K | 0.0276% | $21.02M |
| Michels David PatrickOfficer | 213.4K | 0.0096% | $7.30M |
| James Catherine C.Officer | 165.3K | 0.0074% | $5.65M |
| Schlosser John WOfficer | 164.2K | 0.0074% | $5.62M |
| ASHLEY ANTHONY BOfficer | 164.0K | 0.0074% | $5.61M |
| Grahmann Kevin POfficer | 85.6K | 0.0038% | $2.93M |
| KINDER RICHARD DOfficer | — | — | — |
| SHAPER C PARKDirector | — | — | — |
| MARTIN THOMAS AOfficer | — | — | — |
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View allRecent insider activity
through Sep 16, 2026| Insider | Action | Shares | Date | |
|---|---|---|---|---|
| Garthwaite Michael P.Officer | Open-Market or Private Sale | -1.6K | $47.7K | Sep 16, 2026 |
| Garthwaite Michael P.Officer | Open-Market or Private Sale | -1.6K | $50.6K | Aug 17, 2026 |
| Michels David PatrickOfficer | Option Exercise (Rule 16b-3 Exempt) | +121.5K | $0 | Jul 31, 2026 |
| Michels David PatrickOfficer | Tax Withholding | -47.6K | $1.53M | Jul 31, 2026 |
| Sanders DaxOfficer | Option Exercise (Rule 16b-3 Exempt) | +130.2K | $0 | Jul 31, 2026 |
| Sanders DaxOfficer | Tax Withholding | -51.2K | $1.65M | Jul 31, 2026 |
| Dang Kimberly AOfficer | Option Exercise (Rule 16b-3 Exempt) | +636.6K | $0 | Jul 31, 2026 |
| Dang Kimberly AOfficer | Tax Withholding | -250.2K | $8.05M | Jul 31, 2026 |
| Holland James EOfficer | Option Exercise (Rule 16b-3 Exempt) | +130.2K | $0 | Jul 31, 2026 |
| Holland James EOfficer | Tax Withholding | -51.0K | $1.64M | Jul 31, 2026 |
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