Kinder Morgan Inc
Kinder Morgan Inc (KMI) is listed on NYSE and classified in Oil & Gas Midstream, part of the Energy sector. It is headquartered in Houston, United States and has 11,028 employees. The company is worth $75.09B and trades at 20.9x its earnings of the last twelve months; the median for its sector is 14.7x. Revenue was $16.94B in fiscal 2025, up 12.2% from the year before. Net income was $3.06B. The share price is 3.1% below its 52-week high of $34.81. It pays a dividend yielding 3.50%, and has raised its annual dividend for 8 years in a row in our records. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $371.19M. In that quarter, 3 of them opened or added to the position and 3 reduced it. Over the last 30 days, company insiders sold $52.15K of its stock on the open market and bought none. All of those sales were scheduled in advance under 10b5-1 plans.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +121.2% over 5Y.
today you would have $2,634.26▲ +163.4%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 15 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $27.49 | $27.40 | $17.64 | $18.08 | $15.86 | $13.67 | $21.17 | $15.38 | $18.07 | $20.71 | $14.92 | $42.31 | $36.00 | $35.33 | $32.17 | |
| P/E | 23.3x | 20.1x | 23.4x | 16.6x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 3.5% dividend yield. Growth capped at 25%.
Median P/E of 14.7 among peers in the sector.
Median P/E of 23.3 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 8.2x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 0.0% a year against a 7.0% required return, from the stock’s beta.
Companies of similar size in Energy, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| SLBSLB Limited | $49.55 | 23.9x | 2.8x | 2.38% | 12.91% | $73.54B |
| EPDEnterprise Products Partners L.p | $36.52 | 12.7x | 2.6x | 6.13% | 20.85% | $78.86B |
| ETEnergy Transfer LP | $20.04 | 13.7x | 2.2x | 6.79% | 14.56% | $69B |
| EOGEOG Resources Inc | $157.96 |
| 16.1x |
| 20.3x |
| 273.4x |
| 22.1x |
| 23.3x |
| 1807.0x |
| 82.8x |
| 149.2x |
| 47.5x |
| 31.3x |
| — |
| — |
| P/S | 2.6x | 3.6x | 4.0x | 2.6x | 2.1x | 2.2x | 2.6x | 3.6x | 2.5x | 2.9x | 3.5x | 2.3x | 5.6x | 2.6x | — | — |
| P/B | 1.3x | 2.0x | 2.0x | 1.3x | 1.3x | 1.2x | 1.0x | 1.4x | 1.0x | 1.2x | 1.3x | 0.9x | 2.6x | 2.8x | — | — |
| EPS | $1.37 | $1.17 | $1.06 | $1.12 | $0.78 | $0.05 | $0.96 | $0.66 | $0.01 | $0.25 | $0.10 | $0.89 | $1.15 | — | — |
| Dividend yield | 4.33% | 4.25% | 4.19% | 6.39% | 6.11% | 6.77% | 7.60% | 4.49% | 4.71% | 2.77% | 2.41% | 12.94% | 4.02% | 4.33% | 3.79% | 2.30% |
| Payout | 135.65% | 85.18% | 98.03% | 106.32% | 98.57% | 137.56% | 2078.00% | 98.96% | 109.85% | 5000.00% | 200.00% | 1930.00% | 191.01% | 135.65% | — | — |
| Profit margin | 8.48% | 18.04% | 17.30% | 15.59% | 13.27% | 10.74% | 1.02% | 16.58% | 11.38% | 1.34% | 5.42% | 1.76% | 6.32% | 8.48% | 3.16% | 7.48% |
| ROE | 5.79% | 9.81% | 8.56% | 7.89% | 8.29% | 5.79% | 0.38% | 6.49% | 4.78% | 0.54% | 2.06% | 0.72% | 3.01% | 9.11% | 2.27% | 6.93% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
7 methods answered, across 4 families.
Room for errors in the reported numbers.
-32.4% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 12.3x |
| 2.6x |
| 2.58% |
| 22.51% |
| $82.85B |
| EEni Spa | $59.53 | 20.6x | 1.7x | 4.10% | 10.90% | $85.24B |
| WMBWilliams Companies Inc | $70.63 | 28.9x | 6.6x | 2.97% | 21.50% | $86.39B |