Kinder Morgan (KMI) AI Stock Analysis

• Market Cap: $61.24B
• Dividend Yield: 4.21%
• Average Volume (3M): 12.67M
• Price to Earnings (P/E): 21.5
• Beta (1Y): 0.54
• Revenue Growth: 3.95%
• EPS Growth: 11.32%
• Country: US
• Employees: 10,933
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Midstream
• EPS (TTM): 0.29
• Shares Outstanding: 2,222,077,600
• 10 Day Avg. Volume: 13,461,202
• 30 Day Avg. Volume: 12,668,905
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: $31.58
• Price Target Upside: 14.59% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 14

• Rating: 71 Outperform
• Price Target: $30.00 ▲(8.85% Upside)

Kinder Morgan's overall stock score reflects its strong financial performance and positive earnings outlook, supported by a robust project pipeline and strategic positioning in the natural gas segment. While technical indicators suggest a neutral trend, the company's high P/E ratio and modest revenue growth present potential risks. The attractive dividend yield and improved financial metrics from the earnings call contribute positively to the score.

Positive Factors

Strong Cash Generation

Kinder Morgan's ability to generate strong cash flow supports its capacity to fund dividends and debt repayment, ensuring financial stability.

Robust Project Pipeline

A strong project pipeline indicates future growth potential, particularly in the expanding natural gas market, enhancing long-term revenue prospects.

Federal Regulatory Support

Supportive regulatory environment aids in project approvals, facilitating expansion and operational efficiency, crucial for sustained growth.

Negative Factors

Modest Revenue Growth

Modest revenue growth may limit competitive positioning and expansion capabilities, potentially impacting long-term market share.

Decline in Free Cash Flow

A decline in free cash flow can constrain future investments and strategic initiatives, affecting long-term growth and financial flexibility.

CO2 Segment Decline

Declining performance in the CO2 segment may reduce overall profitability and hinder diversification efforts, impacting long-term revenue streams.

Kinder Morgan Business Overview & Revenue Model

Company Description

Kinder Morgan, Inc. (KMI) is a leading North American energy infrastructure company based in Houston, Texas. It operates through several segments, including Natural Gas Pipelines, CO2, Terminals, and Products Pipelines. KMI's core services include the transportation, storage, and distribution of natural gas, crude oil, and refined petroleum products, making it a vital player in the energy sector. The company owns and operates an extensive network of pipelines and terminals that facilitate the movement of energy resources across the continent.

How the Company Makes Money

Kinder Morgan generates revenue primarily through its fee-based business model, which comprises several key revenue streams. The Natural Gas Pipelines segment is the largest contributor, earning money by charging customers for the transportation of natural gas through its extensive pipeline network. The CO2 segment generates revenue through the sale of carbon dioxide used for enhanced oil recovery. The Terminals segment earns income by providing storage and handling services for various liquid and dry products. Additionally, the Products Pipelines segment contributes revenue through the transportation of refined products. Kinder Morgan also benefits from long-term contracts with customers, which provide stable cash flows. Strategic partnerships and joint ventures with other companies in the energy sector further enhance its earnings potential.

Kinder Morgan Financial Statement Overview

Summary

Kinder Morgan demonstrates solid financial health with strong profitability and efficient operations. The company has a strong gross profit margin and robust EBIT and EBITDA margins. However, challenges include modest revenue growth and a decline in free cash flow, which may impact long-term strategic initiatives.

Income Statement

Kinder Morgan shows a strong gross profit margin of approximately 49.1% TTM, indicating efficient control over production costs. The net profit margin stands at around 17.1% TTM, reflecting healthy profitability. Revenue has shown modest growth, with a 5.75% increase from the previous year. EBIT and EBITDA margins TTM are robust at about 27.7% and 44.6%, respectively, indicating solid operational performance. However, the revenue growth rate is relatively low, which may pose challenges in the competitive market.

Balance Sheet

The debt-to-equity ratio is approximately 1.06, suggesting a moderate level of leverage, which is typical in the industry but could pose risks in adverse conditions. Return on equity is strong at about 8.86% TTM, indicating effective management of shareholder investments. The equity ratio stands at around 42.5%, showing a stable capital structure. Overall, the balance sheet reflects a balanced approach to leveraging with potential for improved financial stability.

Cash Flow

Operating cash flow covers net income well, with an operating cash flow to net income ratio of 2.04 TTM, indicating strong cash generation ability. Free cash flow shows a decline of 11.2% from the previous year, which could impact future investment capabilities. The free cash flow to net income ratio is healthy at 0.98, suggesting a good capacity to support dividends and debt repayment. Overall, the cash flow situation is stable, but the decline in free cash flow growth rate warrants attention.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	15.94B	15.07B	15.16B	19.55B	17.53B	11.48B
Gross Profit	5.71B	5.53B	5.13B	5.50B	6.37B	4.28B
EBITDA	7.72B	7.63B	7.25B	7.03B	5.85B	4.41B
Net Income	2.72B	2.61B	2.39B	2.55B	1.78B	119.00M
Balance Sheet
Total Assets	72.37B	71.41B	71.02B	70.08B	70.42B	71.97B
Cash, Cash Equivalents and Short-Term Investments	82.00M	88.00M	83.00M	745.00M	1.14B	1.18B
Total Debt	32.55B	31.67B	31.89B	31.57B	33.21B	34.58B
Total Liabilities	40.29B	39.54B	39.29B	37.96B	38.49B	39.41B
Stockholders Equity	30.77B	30.53B	30.31B	30.74B	30.82B	31.44B
Cash Flow
Free Cash Flow	2.72B	3.01B	4.15B	3.35B	4.43B	2.84B
Operating Cash Flow	5.57B	5.63B	6.49B	4.97B	5.71B	4.55B
Investing Cash Flow	-3.50B	-2.63B	-4.17B	-2.17B	-2.31B	-911.00M
Financing Cash Flow	-2.00B	-2.89B	-3.01B	-3.15B	-3.46B	-2.64B

Kinder Morgan Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 27.56
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 Negative. The current price of 27.56 is below the 20-day moving average (MA) of 27.71, above the 50-day MA of 27.29, and above the 200-day MA of 27.16, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 33.52 is Neutral, neither overbought nor oversold. The STOCH value of 34.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KMI.

Kinder Morgan Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MPLX	78 Outperform	$51.55B	12.07	31.38%	7.52%	4.67%	2.07%
EPD	75 Outperform	$67.21B	11.56	20.43%	6.89%	-0.55%	2.14%
OKE	73 Outperform	$43.82B	13.60	16.05%	5.86%	47.00%	11.86%
ET	71 Outperform	$58.05B	13.01	13.73%	7.74%	-3.65%	9.69%
KMI	71 Outperform	$61.24B	21.53	8.88%	4.21%	3.95%	11.32%
WMB	66 Neutral	$75.91B	29.73	19.64%	3.18%	10.57%	-14.22%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Kinder Morgan Corporate Events

Kinder Morgan Reports Strong Q3 2025 Performance

Kinder Morgan, Inc. is a leading energy infrastructure company in North America, specializing in the transportation and storage of natural gas, refined petroleum products, crude oil, and other commodities. The company operates an extensive network of pipelines and terminals, providing critical energy services across the continent.

Kinder Morgan to Participate in Wolfe Conference

On September 25, 2025, Kinder Morgan announced its participation in the Wolfe Utilities, Midstream & Clean Energy Conference scheduled for September 30, 2025. The company plans to discuss its business operations and strategies, with materials and a live webcast available on its website, indicating a proactive engagement with stakeholders and industry peers.

The most recent analyst rating on (KMI) stock is a Hold 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 Present at Barclays Conference

On August 28, 2025, Kinder Morgan announced its participation in the Barclays Energy-Power Conference on September 3, 2025, where company representatives will discuss its business operations. The presentation will be available via live and archived webcast on Kinder Morgan’s website, potentially impacting stakeholder engagement and market perception.

The most recent analyst rating on (KMI) stock is a Buy with a $32.00 price target. To see the full list of analyst forecasts on Kinder Morgan stock, see the KMI Stock Forecast page.

Kinder Morgan to Attend Citi Natural Resources Conference

On August 6, 2025, Kinder Morgan announced its participation in the Citi 2025 Natural Resources Conference scheduled for August 12-13, 2025. This participation is aimed at discussing the company’s business and affairs, with materials to be made available on their website prior to the event, highlighting its proactive engagement with stakeholders and potential impact on its market positioning.

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.