Kinder Morgan price to free cash flow KMI

Market value divided by free cash flow over the last twelve months, since 2012.

Today, Oct 23, 2026: 24.3×
10-year median: 18.8×
Against its 10-year history: 84th; percentile: 0 is its lowest day, 100 its highest
10-year range: 7.9× to 27.3×
Peer median: 19.4×

Kinder Morgan's price to free cash flow is 24.3× as of Oct 23, 2026.

That is above its ten-year median of 18.8×, higher than on 84% of days in the last ten years.

Over that time it ranged from 7.9× in Dec 2021 to 27.3× in Jan 2018.

The median for 10 oil and gas pipeline stocks of a similar size is 19.4×.

Price to free cash flow over time

median 18.8×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	24.3×	21.7×	26.2×
2025	21.9×	15.2×	23.2×
2024	15.2×	9.2×	16.0×
2023	11.5×	10.4×	12.8×
2022	12.3×	8.5×	12.9×
2021	8.1×	7.9×	13.4×
2020	10.3×	8.6×	20.6×
2019	20.1×	18.7×	26.9×
2018	22.4×	22.4×	27.3×
2017	25.3×	21.3×	25.5×
2016	20.2×	19.4×	67.5×
2015	61.2×	61.2×	439×
2014	438×	397×	500×
2013	495×	383×	499×
2012	395×	219×	403×

Against its peers

Companies in Oil & Gas Midstream nearest Kinder Morgan's size, closest first, today.

Company	Price to free cash flow
KMIKinder Morgan	24.3×
EPDEnterprise Products Partners	23.1×
ETEnergy Transfer	13.2×
WMBWilliams Companies	n/m
TRGPTarga Resources	87.5×
LNGCheniere Energy	22.1×
OKEONEOK	20.8×
MPLXMPLX Lp	18.0×
VGVenture Global	n/m
CQPCheniere Energy Partners	11.5×
WESWestern Midstream Partners	15.3×
Peer median	19.4×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Kinder Morgan

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.