Full text
Earnings transcript
Read the complete earnings call transcript.
KMI
Kinder Morgan, Inc.
$31.34
0.05
(0.16%)
| Exchange: | NYSE |
| Market Cap: | 69.726B |
| Shares Outstanding: | 195.467M |
Delayed data
About The Company
| Sector: | Energy | |||||
| Industry: | Oil & Gas Midstream | |||||
| CEO: | Kimberly Allen Dang | |||||
| Full Time Employees: | 10933 | |||||
| Address: |
| |||||
| Website: | https://www.kindermorgan.com |
Kinder Morgan, Inc. operates as a leading energy infrastructure company across North America. Its extensive operations are categorized into four primary business segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment manages a vast network of interstate and intrastate natural gas pipelines, along with underground storage systems. This includes natural gas gathering systems, processing and treatment facilities, natural gas liquids fractionation plants, transportation systems, and infrastructure for liquefied natural gas liquefaction and storage. Within its Products Pipelines segment, the company owns and operates pipelines designed for refined petroleum products, crude oil, and condensate, supported by associated product terminals and facilities for petroleum pipeline transmix. The Terminals segment involves the ownership and operation of both liquid and bulk terminals that are utilized for storing and handling a wide array of commodities, such as gasoline, diesel fuel, various chemicals, ethanol, metals, and petroleum coke. This division also includes the ownership of tankers. Lastly, the CO2 segment is dedicated to the production, transportation, and marketing of carbon dioxide, primarily for enhanced oil recovery from mature oil fields. This segment also holds interests in or operates oil fields and gasoline processing plants, oversees a crude oil pipeline system located in West Texas, and manages renewable natural gas (RNG) and liquefied natural gas (LNG) facilities. In total, Kinder Morgan owns and operates approximately 83,000 miles of pipelines and 143 terminals. The company, initially named Kinder Morgan Holdco LLC, officially changed its name to Kinder Morgan, Inc. in February 2011. Founded in 1936, its corporate headquarters are situated in Houston, Texas.
Click to read more…
Revenue Segmentation
EPS
Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.
Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
Log in to continue
Log in to read the full transcript and AI-generated earnings summaries.
Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 15,156,000 | 15,073,000 | 16,950,000 |
| Gross Profit | 5,134,000 | 5,528,000 | 7,401,000 |
| EBITDA | 7,255,000 | 7,627,000 | 7,479,000 |
| Operating Income | 4,045,000 | 4,383,000 | 4,812,000 |
| Net Income | 2,391,000 | 2,613,000 | 3,056,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 71,020,000 | 71,407,000 | 72,748,000 |
| Total Liabilities | 39,291,000 | 39,540,000 | 40,299,000 |
| Total Stockholders Equity | 30,306,000 | 30,531,000 | 31,162,000 |
| Total Debt | 31,895,000 | 31,669,000 | 31,823,000 |
| Cash and Cash Equivalents | 83,000 | 88,000 | 63,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 6,491,000 | 5,635,000 | 5,917,000 |
| Capital Expenditure | -2,345,000 | -2,629,000 | -3,026,000 |
| Free Cash Flow | 4,146,000 | 3,006,000 | 2,891,000 |
| Net Income | 2,486,000 | 2,720,000 | 3,056,000 |
| Net Change in Cash | -698,000 | 118,000 | -105,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 20,604,360.883 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 22,022,663.443 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 21,226,500 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 8,732,350.615 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 9,333,442.554 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 8,996,019.890 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 3,923,832.001 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 4,278,185.501 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 4,079,270.501 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 892,035.117 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 953,438.414 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 918,969.704 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 1.830 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 1.920 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 1.760 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 3 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
Log in to continue
Log in and subscribe to Full Access to see up to 5 years of analyst estimates.
Login — it's free(* All numbers are in thousands)
Current Key Metrics
Log in to continue
Log in to see all key valuation metrics and ratios for this symbol.
Login — it's freeForward P/E Ratios
Log in to continue
Log in with Full Access for forward P/E high/low estimates and the full multi-year table.
Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Financial Performance: Kinder Morgan reported robust results in Q4 2025, with key financial metrics such as revenue, net income, and operating cash flow reflecting consistent growth as per the earnings call transcript. This performance underscores the company’s operational efficiency and ability to generate value for shareholders.
- High Free Cash Flow Yield: The free cash flow yield (TTM) from key metrics indicates a strong capacity to return value to investors through dividends or reinvestment, supported by positive trends in net cash provided by operating activities as seen in cash flow statements.
- Strategic Positioning in Natural Gas Sector: The earnings call highlights confidence in growth prospects within the natural gas sector, aligning with industry trends in energy demand as reflected in sector performance data, positioning KMI favorably against competitors.
Log in with Full Access for Weaknesses, Opportunities, Threats, and the complete SWOT.
At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates KMI intrinsic value between $19.92 – $20.98 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about KMI valuation
Is Kinder Morgan, Inc. (KMI) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Kinder Morgan, Inc. (KMI) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is KMI a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether KMI trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is KMI’s P/E ratio?
You can see KMI’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for KMI?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is KMI a good long-term investment?
Whether KMI fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
KMI
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
0.16
Trading Metrics:
| Open: | 31.35 | Previous Close: | 31.29 | |
| Day Low: | 31.03 | Day High: | 31.65 | |
| Year Low: | 25.6 | Year High: | 34.81 | |
| Price Avg 50: | 32.39 | Price Avg 200: | 29.58 | |
| Volume: | 10.16M | Average Volume: | 12.267M |
Log in to continue
Log in for multi-period charts (1W–5Y), period tabs, and the same layout as members.
Login — it's freeKMI full analysis
Hey everyone, welcome back to the channel! Today, we’re diving deep into a comprehensive analysis of Kinder Morgan, Inc., ticker symbol KMI, one of the biggest players in the energy infrastructure space. If you’re looking to understand whether this stock is a solid addition to your portfolio, stick around because we’re covering everything from financials to valuation, recent performance, and more. Let’s get started! So, why are we talking about Kinder Morgan today? Well, KMI is a heavyweight in the…
