Kinder Morgan KMI
- Market cap
- $76.7B
- PE
- 22.1×
- 10y median 22.8×
- Forward PE
- 23.3×
- 10y median 18.7×
- Price to sales
- 4.3×
- EV/EBIT
- 21.1×
- Revenue, 12 months
- $18B
- +12% on a year ago
- Net margin
- 19.3%
- Free cash flow yield
- 4.1%
Kinder Morgan trades at 22.1× trailing earnings, near its ten-year median. Revenue was $18B over the last twelve months, up 12% on a year earlier with a 19% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $3.9B−25% | $4B−12% | $3.8B−1% | $3.6B+2% | $3.7B−5% | $4B−1% | $4.2B+10% | $4B+13% | $4.1B+12% | $4.5B+13% | $4.8B+14% | $4.5B+11% | |
| Cost of revenue | $1.4B−48% | $1.3B−31% | $1.1B−9% | $967M−0% | $1B−27% | $1.2B−8% | $1.5B+33% | $1.2B+25% | $1.4B+36% | $1.4B+17% | $1.7B+19% | $1.4B+16% |
| Gross profit | $2.5B+2% | $2.7B+3% | $2.7B+2% | $2.6B+3% | $2.7B+7% | $2.7B+2% | $2.8B+1% | $2.8B+9% | $2.8B+3% | $3.1B+11% | $3.1B+11% | $3.1B+9% |
| SG&A | $162M+0% | $171M+2% | $175M+5% | $179M+6% | $176M+9% | $182M+6% | $187M+7% | $188M+5% | $183M+4% | $186M+2% | $184M−2% | $192M+2% |
| $938M+1% | $1.1B−0% | $1.2B+2% | $1B+1% | $1B+8% | $1.1B+1% | $1.1B−6% | $1.2B+11% | $1.1B+5% | $1.4B+23% | $1.4B+26% | $1.3B+17% | |
| Interest expense | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Pre-tax income | $700M−4% | $824M−8% | $982M+9% | $770M−1% | $764M+9% | $891M+8% | $929M−5% | $919M+19% | $839M+10% | $1.3B+47% | $1.3B+39% | $1.2B+27% |
| $145M+8% | $206M+4% | $209M+7% | $168M+0% | $113M−22% | $197M−4% | $186M−11% | $177M+5% | $185M+64% | $284M+44% | $287M+54% | $272M+54% | |
| Net income | $532M−8% | $594M−11% | $746M+10% | $575M−2% | $625M+18% | $667M+12% | $717M−4% | $715M+24% | $628M+1% | $996M+49% | $976M+36% | $867M+21% |
| $0.24−4% | $0.27−10% | $0.33+10% | $0.26+0% | $0.28+17% | $0.31+15% | $0.32−3% | $0.32+23% | $0.28+0% | $0.45+45% | $0.44+38% | $0.39+22% | |
| 2.2B−1% | 2.2B−1% | 2.2B−1% | 2.2B−1% | 2.2B−0% | 2.2B−0% | 2.2B+0% | 2.2B+0% | 2.2B+0% | 2.2B+0% | 2.2B+0% | 2.2B+0% |
Gross profit: 58 periods, Q1 FY12 to Q2 FY26: not printed by the filing, worked out from its own lines.
EPS, diluted: 15 periods, Q4 FY11 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: 13 periods, Q4 FY11 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. 3 periods, Q3 FY13 to Q1 FY18: not printed by the filing, worked out from its own lines. Q4 FY15 and Q4 FY17: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $4.4B | $4.1B to $4.6B | $0.32 | $0.29 to $0.38 | 11 |
| Q4 FY26 | $4.5B | $4.3B to $4.7B | $0.38 | $0.32 to $0.42 | 11 |
| Q1 FY27 | $4.9B | $4.7B to $5.1B | $0.42 | $0.35 to $0.49 | 7 |
| Q2 FY27 | $4.5B | $4.3B to $4.7B | $0.36 | $0.33 to $0.38 | 2 |
| Q3 FY27 | $4.7B | $4.4B to $4.9B | $0.37 | $0.34 to $0.39 | 2 |
| Q4 FY27 | $4.9B | $4.6B to $5.1B | $0.41 | $0.38 to $0.44 | 5 |
| Q1 FY28 | $5.2B | $4.9B to $5.5B | $0.45 | $0.41 to $0.47 | 6 |
| Q2 FY28 | $4.9B | $4.6B to $5.1B | $0.37 | $0.35 to $0.40 | 5 |
Peers
Companies in Oil & Gas Midstream nearest Kinder Morgan's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| KMIKinder Morgan | $76.7B | 22.1× | 22.8× | 23.3× | 4.3× | +12% | 19.3% |
| EPDEnterprise Products Partners | $80.1B | 12.9× | 12.4× | 12.2× | 1.4× | +7% | 10.8% |
| ETEnergy Transfer | $69B | n/m | n/a | 12.3× | 0.6× | +33% | 4.9% |
| WMBWilliams Companies | $87.7B | 28.6× | 28.4× | 29.5× | 7.2× | +9% | 25.2% |
| TRGPTarga Resources | $64.8B | 28.9× | 30.8× | 26.6× | 3.9× | −2% | 13.5% |
| LNGCheniere Energy | $61.7B | 22.2× | 14.7× | 16.6× | 2.9× | +18% | 13.6% |
| OKEONEOK | $60.4B | 16.5× | 19.7× | 16.1× | 1.5× | +41% | 9.3% |
| MPLXMPLX Lp | $59.9B | 12.7× | 12.1× | 12.9× | n/m | n/m | n/m |
| VGVenture Global | $35B | 11.0× | 13.5× | 8.2× | 2.1× | +101% | 22.3% |
| CQPCheniere Energy Partners | $32B | 11.4× | 14.0× | 14.7× | 2.8× | +15% | 27.3% |
| WESWestern Midstream Partners | $18.6B | 14.2× | 10.5× | n/m | 4.3× | +18% | 29.6% |
| Peer median | $61B | 14.2× | 14.0× | 14.7× | 2.8× | +18% | 13.6% |
More on Kinder Morgan
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #6of 28Energy stocks with the highest dividend yields
- #9of 25Oil and gas pipeline stocks with the highest profit margins
- #8of 21Energy stocks cheapest against their own PE history
- #7of 18Oil and gas pipeline stocks with the fastest earnings growth
- #6of 10Oil and gas pipeline stocks with the highest dividend yields
- #8of 10Oil and gas pipeline stocks with the lowest forward PE
Its groups
About
- Industry
- Oil & Gas Midstream
- Sector
- Energy
Valuation data, not investment advice. Prices as of .