Superworth

Kinder Morgan KMI

Oil & Gas Midstream, Energy
$34.43
+2.11%
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 for KMI, by quarter
Income statementQ3 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 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 expensen/an/an/an/an/an/an/an/an/an/an/an/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: .

QuarterRevenueRangeEPSRangeAnalysts
Q3 FY26$4.4B$4.1B to $4.6B$0.32$0.29 to $0.3811
Q4 FY26$4.5B$4.3B to $4.7B$0.38$0.32 to $0.4211
Q1 FY27$4.9B$4.7B to $5.1B$0.42$0.35 to $0.497
Q2 FY27$4.5B$4.3B to $4.7B$0.36$0.33 to $0.382
Q3 FY27$4.7B$4.4B to $4.9B$0.37$0.34 to $0.392
Q4 FY27$4.9B$4.6B to $5.1B$0.41$0.38 to $0.445
Q1 FY28$5.2B$4.9B to $5.5B$0.45$0.41 to $0.476
Q2 FY28$4.9B$4.6B to $5.1B$0.37$0.35 to $0.405

Peers

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

CompanyMarket capPEIts 10y median PEFwd PEP/SRevenue growthNet margin
KMIKinder Morgan$76.7B22.1×22.8×23.3×4.3×+12%19.3%
EPDEnterprise Products Partners$80.1B12.9×12.4×12.2×1.4×+7%10.8%
ETEnergy Transfer$69Bn/mn/a12.3×0.6×+33%4.9%
WMBWilliams Companies$87.7B28.6×28.4×29.5×7.2×+9%25.2%
TRGPTarga Resources$64.8B28.9×30.8×26.6×3.9×−2%13.5%
LNGCheniere Energy$61.7B22.2×14.7×16.6×2.9×+18%13.6%
OKEONEOK$60.4B16.5×19.7×16.1×1.5×+41%9.3%
MPLXMPLX Lp$59.9B12.7×12.1×12.9×n/mn/mn/m
VGVenture Global$35B11.0×13.5×8.2×2.1×+101%22.3%
CQPCheniere Energy Partners$32B11.4×14.0×14.7×2.8×+15%27.3%
WESWestern Midstream Partners$18.6B14.2×10.5×n/m4.3×+18%29.6%
Peer median$61B14.2×14.0×14.7×2.8×+18%13.6%

More on Kinder Morgan

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About

Industry
Oil & Gas Midstream
Sector
Energy

Valuation data, not investment advice. Prices as of .