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KMI

KMI

Energy · Oil & Gas Midstream

$31.61+0.49%
Mkt Cap: $70.34BDY: 3.73%

Performance

KMI (KMI) Stock Analysis 2026

Rule-based · Updated daily · Not financial advice

KMI (KMI) operates in the Oil & Gas Midstream space within the Energy sector. With a market cap of $70.3B, it qualifies as a mid-cap company. The company is growing revenue strongly while maintaining healthy profitability — a combination that investors typically reward with a premium valuation.

Bull Case6
  • Forward P/E (21.0×) is lower than trailing P/E (21.2×) — analysts expect earnings to improve
  • Revenue growth of 14% YoY shows solid business momentum
  • Earnings grew 36% YoY — bottom-line is expanding fast
  • Healthy profit margin of 18.9%
  • Dividend yield of 3.73% provides consistent income on top of price appreciation
  • Low beta of 0.54 — less volatile than the market, suitable for conservative portfolios
Bear Case2
  • High debt-to-equity of 98.84× increases financial risk, especially with elevated interest rates
  • Current ratio below 1 (0.52×) — short-term liabilities exceed current assets

Verdict

Strong Buy

Multiple fundamental strengths with few red flags. Long-term buyers may find this compelling.

AI Insight

Powered by Claude

AI-generated analysis for informational purposes only. Not financial advice.

Related Articles

Revenue & Results

Dividends

Current DY

3.73%

5Y Avg Annual

$1.0272

Last Payment

$0.2980

Ex-Date

05/04/2026

Annual dividends paid per share

2011
2019
2026
Ex-DatePaymentAmountEst. DY
Latest05/04/2026
05/15/2026$0.29803.77%
02/02/2026
02/13/2026$0.29303.71%
11/03/2025
11/14/2025$0.29303.71%
07/31/2025
08/11/2025$0.29303.71%
04/30/2025
05/11/2025$0.29303.71%
02/03/2025
02/14/2025$0.28803.64%
10/31/2024
11/11/2024$0.28803.64%
07/31/2024
08/11/2024$0.28803.64%

Magic Number

Shares needed to self-fund your next purchase

$31.62

Price

÷

$0.2980

Last div. (quarterly)

=

107

shares

Own 107 KMI shares ($3,382.81) and each quarterly dividend pays for 1 new share — the snowball runs on its own.

Investment target

$3,382.81

New shares / year

+4 shares

If You Had Invested…

Hypothetical return based on historical prices

$

* Dividend reinvestment calculated at ex-date price. For informational purposes only.

Earnings

Next Earnings

Jul 15, 2026

29

days

EPS (TTM)

$1.49

P/E (TTM)

21.2

Fwd P/E

21.0

Earnings History

SEC EDGAR · official filings

SEC filings

SEC Filings

Official EDGAR documents

All filings

Key Statistics

Valuation

Market Cap$70.34B
P/E Ratio21.22
Forward P/E20.98
P/B Ratio
PEG Ratio3.81
EPS (TTM)$1.49

Trading

Open
Day High
Day Low
52W High$34.81
52W Low$25.60
Volume
Avg Volume (3M)11,719,661
Beta0.54

Dividends

Dividend Yield3.73%
Annual Rate$1.18
Ex-Div Date2026-05-04
Payout Ratio78.52%

Profitability

Profit Margin18.92%
Operating Margin29.91%
ROE10.60%
ROA4.32%
Revenue Growth13.80%
Earnings Growth36.00%

Balance Sheet

Total Revenue$17.52B
Total Debt$32.21B
Debt / Equity98.84
Current Ratio0.52
Free Cash Flow$1.65B

Fair Value Estimates

Current price: $31.61

Graham Number

√(22.5 × EPS × Book Value)

$21.73

-31.3% downside

Benjamin Graham's intrinsic value formula. Assumes a fair stock trades at no more than 22.5× the product of EPS and book value per share.

Bazin Ceiling Price

Avg. Annual DPS (5Y) ÷ 6%

$18.73

-40.8% downside

Décio Bazin's dividend-based ceiling. The max price you should pay so that dividends alone deliver at least 6% annual yield on your cost basis.

These are simplified estimates. Not financial advice.

Buy & Hold Checklist

Quality criteria for long-term holding

8/10

80% score

Pays dividends

15Y hist.

15+ years of dividend history

Dividend consistency (5Y+)

15 yrs

Uninterrupted dividend payments for at least 5 years

ROE above 10%

10.6%

Return on equity — measures how efficiently capital is used

Positive profit margin

18.9%

Net profit margin must be positive — company earns more than it spends

Revenue growth (annual)

+13.8%

Annual revenue must be growing compared to the prior year

Earnings growth (annual)

+36.0%

Annual earnings must be growing compared to the prior year

Debt/Equity below 2×

98.84×

Low financial leverage reduces risk of distress

Current ratio above 1

0.52×

Short-term assets must cover short-term liabilities

Daily liquidity above $5M

$371M/day

High trading volume ensures easy entry and exit

Dividend yield above 0%

3.73%

Stock must distribute income to shareholders

Related Assets

Energy

About KMI

Kinder Morgan, Inc. operates as an energy infrastructure company primarily in North America. It operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and 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 gasification, 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, renewable fuel and feedstocks, 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. 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 1997 and is headquartered in Houston, Texas.

Sector

Energy

Industry

Oil & Gas Midstream

Location

Houston, United States

Employees

11,028