Kinder Morgan (KMI) AI Stock Analysis

• Market Cap: $61.46B
• Dividend Yield: 4.26%
• Average Volume (3M): 12.03M
• Price to Earnings (P/E): 23.9
• Beta (1Y): 0.60
• Revenue Growth: 2.02%
• EPS Growth: 5.40%
• Country: US
• Employees: 10,933
• Sector: Energy
• Sector Strength: 75
• Industry: Oil & Gas Midstream
• EPS (TTM): 0.34
• Shares Outstanding: 2,222,068,800
• 10 Day Avg. Volume: 12,043,079
• 30 Day Avg. Volume: 12,032,960
• PEG Ratio: 0.69
• Price to Book (P/B): 1.42
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 19.34
• Enterprise Value/Market Cap: 1.33
• Enterprise Value/Revenue: 1.34
• Enterprise Value/Gross Profit: 9.75
• Enterprise Value/Ebitda: 3.08
• 1Y Price Target: $31.55
• Price Target Upside: 14.44% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 12

• Rating: 73 Outperform
• Price Target: ―

Kinder Morgan's overall stock score reflects strong financial performance and positive earnings call highlights, such as record demand and project backlog growth. Technical analysis presents a neutral outlook with no clear trend direction. Valuation is fair with a balance between a higher P/E ratio and strong dividend yield. Continued focus on operational efficiency and debt management will be key to sustaining growth.

Positive Factors

LNG Export Capacity

KMI touches 45% of LNG exports and views its potential to blend down nitrogen as an advantage.

Regulatory Climate

The administration is pursuing smoother regulatory processes for pipelines across many fronts, which could shorten the FERC review process by a year or more.

Negative Factors

Geographical Challenges

KMI remains cautious on committing capital for projects in areas without strong state and local support, such as the Northeast.

Permitting Risks

Building a greenfield gas pipeline through Democratic/swing states (NM & AZ) is significantly more challenging than building through Texas.

Kinder Morgan Business Overview & Revenue Model

Company Description

Kinder Morgan, Inc. operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities. The Products Pipelines segment owns and operates refined petroleum products, and crude oil and condensate pipelines; and associated product terminals and petroleum pipeline transmix facilities. The Terminals segment owns and/or operates liquids and bulk terminals that stores and handles various commodities, including gasoline, diesel fuel, chemicals, ethanol, metals, and petroleum coke; and owns tankers. The CO2 segment produces, transports, and markets CO2 to recovery and production crude oil from mature oil fields; owns interests in/or operates oil fields and gasoline processing plants; and operates a crude oil pipeline system in West Texas, as well as owns and operates RNG and LNG facilities. It owns and operates approximately 83,000 miles of pipelines and 143 terminals. The company was formerly known as Kinder Morgan Holdco LLC and changed its name to Kinder Morgan, Inc. in February 2011. Kinder Morgan, Inc. was founded in 1936 and is headquartered in Houston, Texas.

How the Company Makes Money

Kinder Morgan primarily generates revenue through the fees it charges for transporting and storing energy products. The company's extensive network of pipelines and terminals allows it to charge transportation fees to energy producers for moving natural gas, oil, and refined products from production sites to refineries, distribution centers, and end consumers. Additionally, Kinder Morgan earns money from storage fees by providing storage capacity for energy products at its terminals. The company also engages in long-term contracts and take-or-pay agreements, which provide stable and predictable revenue streams. Key revenue streams include transportation fees from natural gas pipelines, refined petroleum pipelines, and CO2 transport, as well as terminal fees for storage and handling. Significant partnerships with energy producers and utility companies further enhance Kinder Morgan's revenue generation by ensuring a steady demand for its infrastructure services.

Kinder Morgan Financial Statement Overview

Summary

Kinder Morgan's financial performance is robust with a strong income statement, effective cost management, and solid profitability. Balance sheet stability is evident despite higher leverage, and cash flow generation is strong, supporting operational strategies. However, the slight decline in EBIT margin and high debt-to-equity ratio present potential challenges.

Income Statement

Kinder Morgan's income statement shows a strong performance with a consistent gross profit margin around 63% for TTM, indicating efficient cost management. The net profit margin is stable at approximately 17% for TTM, reflecting solid profitability. Revenue growth is moderate at 2.8% from 2024 to TTM, with EBITDA margin at 31.7% for TTM, showcasing a robust earnings capacity. However, the slight decline in EBIT margin from 2024 to TTM suggests potential challenges in operational efficiency.

Balance Sheet

The balance sheet reveals a strong equity position with an equity ratio of around 42.3% for TTM, indicating financial stability. However, the debt-to-equity ratio is relatively high at 1.07, suggesting significant leverage, which could pose risks if not managed properly. Return on equity is healthy at approximately 8.6% for TTM, showing effective use of equity capital.

Cash Flow

Cash flow analysis indicates a stable free cash flow with a slight decrease of 8.1% from 2024 to TTM, highlighting effective cash management despite challenges. The operating cash flow to net income ratio remains robust at around 2.1 for TTM, suggesting strong cash generation relative to reported earnings. Free cash flow to net income ratio is approximately 1.05 for TTM, indicating sufficient cash flow to cover earnings.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
15.52B	15.10B	15.16B	19.20B	16.61B	11.70B
	Gross Profit
8.42B	8.41B	8.15B	7.76B	7.98B	6.99B
	EBIT
4.30B	4.38B	4.26B	4.07B	4.03B	3.26B
	EBITDA
6.71B	6.74B	6.51B	6.22B	6.67B	5.66B
	Net Income Common Stockholders
2.58B	2.61B	2.39B	2.55B	1.78B	119.00M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
80.00M	88.00M	83.00M	745.00M	1.14B	1.18B
	Total Assets
72.32B	71.41B	71.02B	70.08B	70.42B	71.97B
	Total Debt
32.90B	31.67B	31.89B	31.57B	33.21B	34.58B
	Net Debt
32.82B	31.58B	31.81B	30.82B	32.07B	33.40B
	Total Liabilities
40.39B	39.54B	39.29B	37.96B	38.49B	39.41B
	Stockholders Equity
30.61B	30.53B	30.31B	30.74B	30.82B	31.44B
Cash Flow		Free Cash Flow
2.76B	3.01B	4.15B	3.35B	4.43B	2.84B
	Operating Cash Flow
5.54B	5.63B	6.49B	4.97B	5.71B	4.55B
	Investing Cash Flow
-3.44B	-2.63B	-4.17B	-2.17B	-2.31B	-911.00M
	Financing Cash Flow
-1.98B	-2.89B	-3.01B	-3.15B	-3.46B	-2.64B

Kinder Morgan Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 27.57
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KMI, the sentiment is Neutral. The current price of 27.57 is below the 20-day moving average (MA) of 27.84, above the 50-day MA of 27.22, and above the 200-day MA of 25.99, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 48.58 is Neutral, neither overbought nor oversold. The STOCH value of 28.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for KMI.

Kinder Morgan Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MPLX	81 Outperform	$52.58B	11.89	32.54%	7.44%	5.53%	11.29%
OKE	79 Outperform	$51.31B	16.04	16.04%	5.06%	40.55%	19.24%
ET	78 Outperform	$62.29B	13.67	13.73%	7.31%	1.04%	22.31%
EPD	75 Outperform	$68.39B	11.84	20.49%	6.79%	9.10%	4.37%
KMI	73 Outperform	$61.46B	23.91	8.43%	4.26%	2.02%	5.40%
WMB	71 Outperform	$72.22B	31.73	18.32%	3.42%	8.63%	-20.98%
Sector *	58 Neutral	$7.59B	3.32	-4.46%	9.96%	0.83%	-49.64%

Kinder Morgan Corporate Events

Kinder Morgan to Attend Barclays Infrastructure Conference

On June 12, 2025, Kinder Morgan, Inc. announced its participation in the Barclays Global Infrastructure Conference scheduled for June 17, 2025. This engagement is aimed at discussing the company’s business operations and affairs, potentially impacting its industry positioning and providing insights to stakeholders.

The most recent analyst rating on (KMI) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on Kinder Morgan stock, see the KMI Stock Forecast page.

Kinder Morgan Holds Annual Stockholders Meeting

On May 15, 2025, Kinder Morgan, Inc. held its Annual Meeting of Stockholders, where 1,942,512,111 shares were represented, forming a quorum. During the meeting, stockholders elected eleven directors to the board, ratified PricewaterhouseCoopers LLP as the independent accounting firm for 2025, and conducted an advisory vote on executive compensation.

The most recent analyst rating on (KMI) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on Kinder Morgan stock, see the KMI Stock Forecast page.

Kinder Morgan to Release Updated Investor Presentation

On April 17, 2025, Kinder Morgan, Inc. announced its intention to release an updated investor presentation on its website by April 21, 2025. This announcement is part of the company’s ongoing efforts to provide transparency and updated information to its investors, potentially impacting stakeholder engagement and market perception.