Kinder Morgan, Inc. (KMI)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Kinder Morgan, Inc. (KMI) trades at $32.06 with AI Score 60/100 (Grade B+). Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America. Market cap: $71.33B, Sector: Energy.
Price live · AI analysis from May 10, 2026KMI stock analysis for 2026: Analysts have set a consensus price target of $43.00 for Kinder Morgan, Inc., suggesting 34.1% upside from the current price of $32.06. The AI MoonshotScore is 60/100, indicating a bullish outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
KMI: 5/7 perspectives are bullish. Dominant signal: Seth Klarman bullish.
How is this calculated? →Kinder Morgan, Inc. (KMI) Energy Operations & Outlook
Kinder Morgan, Inc., a leading North American energy infrastructure company, specializes in owning and operating an extensive network of pipelines and terminals. With a focus on natural gas, refined products, and CO2 transportation, Kinder Morgan facilitates the movement of essential energy resources across the continent, serving diverse markets.
What Is the Investment Thesis for KMI?
Kinder Morgan, Inc. presents a compelling investment case based on its extensive energy infrastructure network and stable cash flows. The company's diverse operations across natural gas, refined products, and CO2 provide resilience against commodity price volatility. With a market capitalization of $71.33B and a dividend yield of 3.74%, Kinder Morgan offers a blend of stability and income potential. Ongoing investments in renewable natural gas (RNG) and liquefied natural gas (LNG) facilities position the company to capitalize on evolving energy trends. However, investors should monitor regulatory changes and potential environmental liabilities, which could impact future profitability. The company's P/E ratio of 21.3 reflects investor confidence in its long-term earnings potential.
Based on FMP financials and quantitative analysis
KMI Key Highlights
- Kinder Morgan operates approximately 83,000 miles of pipelines, providing a vast network for transporting energy resources.
- The company owns and operates 143 terminals, facilitating the storage and handling of various commodities.
- Kinder Morgan's dividend yield of 3.74% offers an attractive income stream for investors.
- The company's profit margin of 18.9% indicates strong operational efficiency.
- With a market capitalization of $71.33B, Kinder Morgan is a significant player in the energy infrastructure sector.
Who Are KMI's Competitors?
KMI is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| EQNR Equinor ASA is an energy company involved in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, as well as other forms of energy. The company | $32.04 | +2.66% | $81.22B | 56 |
| SLB SLB N.V. | $45.13 | +0.09% | $67.47B | 67 |
| EPD Enterprise Products Partners L.P. | $36.75 | +0.63% | $79.51B | 65 |
| E Eni S.p.A. | $46.87 | +2.85% | $68.34B | 45 |
| EOG EOG Resources, Inc. | $130.78 | +1.70% | $69.66B | 95 |
| VG Venture Global, Inc. | $11.13 | +0.91% | $27.18B | 65 |
| GLNG Golar LNG Limited | $49.01 | -1.39% | $4.99B | 64 |
| OKE ONEOK, Inc. | $87.83 | +2.45% | $55.34B | 64 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are KMI's Key Strengths?
- Extensive network of pipelines and terminals.
- Diversified operations across multiple segments.
- Stable cash flows from long-term contracts.
- Experienced management team.
What Are KMI's Weaknesses?
- Exposure to commodity price volatility.
- Dependence on regulatory approvals.
- Potential environmental liabilities.
- High debt levels.
What Could Drive KMI Stock Higher?
- Expansion of natural gas pipeline capacity to meet growing demand.
- Potential acquisitions of complementary midstream assets in 2027.
- Development of renewable natural gas (RNG) facilities.
- Investments in CO2 transportation and storage infrastructure.
- Regulatory approvals for new pipeline projects expected by Q4 2026.
What Are the Key Risks for KMI?
- Financial-distress signal — its Altman Z-Score of 1.31 sits in the distress zone (elevated bankruptcy risk).
- Insider selling — insiders were net sellers of roughly $1.7M recently.
- Changes in government regulations impacting pipeline operations.
- Fluctuations in commodity prices affecting revenue and profitability.
- Environmental incidents leading to liabilities and reputational damage.
- Cybersecurity threats targeting critical infrastructure.
- Increased competition from other midstream companies.
What Are the Growth Opportunities for KMI?
- Expansion of Natural Gas Infrastructure: The increasing demand for natural gas, both domestically and internationally, presents a significant growth opportunity for Kinder Morgan. Investing in new pipelines and expanding existing infrastructure to transport natural gas to LNG export facilities can drive revenue growth. The global LNG market is projected to reach $110 billion by 2027, offering substantial potential for Kinder Morgan to capitalize on this trend. This expansion aligns with the ongoing shift towards cleaner energy sources and the need for reliable energy transportation.
- Renewable Natural Gas (RNG) Development: Kinder Morgan can leverage the growing interest in renewable energy by investing in RNG projects. RNG, produced from organic waste, offers a sustainable alternative to traditional natural gas. Government incentives and increasing corporate sustainability goals are driving demand for RNG. Kinder Morgan's existing pipeline infrastructure can be utilized to transport RNG, providing a cost-effective solution for producers and consumers. The RNG market is expected to grow significantly over the next decade, presenting a long-term growth opportunity for Kinder Morgan.
- CO2 Transportation and Enhanced Oil Recovery: Kinder Morgan's CO2 segment can benefit from the increasing focus on carbon capture and storage (CCS) technologies. The company's expertise in CO2 transportation and enhanced oil recovery (EOR) positions it to play a key role in CCS projects. By capturing CO2 from industrial sources and transporting it for EOR or permanent storage, Kinder Morgan can generate revenue while contributing to emissions reduction efforts. Government support for CCS projects and increasing corporate sustainability initiatives are driving demand for CO2 transportation and storage solutions.
- Acquisition of Strategic Assets: Kinder Morgan can pursue strategic acquisitions to expand its footprint and enhance its service offerings. Acquiring complementary assets, such as pipelines, terminals, or processing plants, can strengthen the company's competitive position and create synergies. The midstream sector is characterized by consolidation, and Kinder Morgan can capitalize on opportunities to acquire undervalued assets. Prudent capital allocation and integration of acquired assets are crucial for realizing the benefits of this growth strategy.
- Modernization and Optimization of Existing Infrastructure: Investing in the modernization and optimization of existing infrastructure can improve efficiency, reduce operating costs, and enhance safety. Upgrading pipelines, terminals, and processing plants with advanced technologies can increase throughput capacity and minimize downtime. Kinder Morgan can also implement data analytics and automation to optimize operations and improve decision-making. These investments can enhance the company's competitiveness and generate long-term value.
What Opportunities Does KMI Have?
- Expansion of natural gas infrastructure.
- Development of renewable energy projects.
- Acquisition of strategic assets.
- Growth in CO2 transportation and storage.
What Threats Does KMI Face?
- Increased competition from other midstream companies.
- Changes in government regulations.
- Decline in demand for fossil fuels.
- Cybersecurity risks.
What Are KMI's Competitive Advantages?
- Extensive Pipeline Network: Kinder Morgan's vast network of pipelines creates a significant barrier to entry for competitors.
- Strategic Terminal Locations: The company's terminals are strategically located to serve key markets and industries.
- Long-Term Contracts: Kinder Morgan has long-term contracts with its customers, providing stable revenue streams.
- Integrated Operations: The company's integrated operations across multiple segments create synergies and efficiencies.
What Does KMI Do?
Founded in 1936 and headquartered in Houston, Texas, Kinder Morgan, Inc. has evolved into one of the largest energy infrastructure companies in North America. Originally focused on natural gas pipelines, the company has expanded its operations to include a comprehensive suite of services across four key segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment is involved in the transportation and storage of natural gas, operating both interstate and intrastate pipelines, underground storage facilities, and processing plants. The Products Pipelines segment focuses on the transportation of refined petroleum products, crude oil, and condensate, supported by associated product terminals. The Terminals segment owns and operates liquids and bulk terminals, handling a variety of commodities such as gasoline, diesel fuel, chemicals, and metals. The CO2 segment produces, transports, and markets CO2 for enhanced oil recovery, while also managing oil fields and gas processing plants. Kinder Morgan owns and operates approximately 83,000 miles of pipelines and 143 terminals, playing a crucial role in the energy supply chain across North America. The company was formerly known as Kinder Morgan Holdco LLC and changed its name to Kinder Morgan, Inc. in February 2011.
What Products and Services Does KMI Offer?
- Operates a vast network of natural gas pipelines across North America.
- Transports refined petroleum products, crude oil, and condensate through its products pipelines.
- Owns and operates liquids and bulk terminals for storing various commodities.
- Produces, transports, and markets CO2 for enhanced oil recovery.
- Owns interests in and operates oil fields and gas processing plants.
- Operates a crude oil pipeline system in West Texas.
- Develops and operates renewable natural gas (RNG) and liquefied natural gas (LNG) facilities.
How Does KMI Make Money?
- Generates revenue through transportation fees for natural gas, refined products, and crude oil.
- Earns income from storage and handling services at its terminals.
- Profits from the production and sale of CO2 for enhanced oil recovery.
- Derives revenue from the operation of oil fields and gas processing plants.
What Industry Does KMI Operate In?
Kinder Morgan operates within the oil and gas midstream sector, which is characterized by the transportation, storage, and processing of energy resources. The industry is influenced by factors such as commodity prices, regulatory policies, and infrastructure development. The demand for natural gas is expected to grow, driven by its role as a cleaner-burning fuel source. Kinder Morgan competes with companies like Enterprise Products Partners L.P. (EPD) and Equinor ASA (EQNR), which also have extensive pipeline and terminal networks. The midstream sector plays a critical role in connecting producers with consumers, ensuring the reliable delivery of energy resources.
Who Are KMI's Key Customers?
- Oil and gas producers who rely on Kinder Morgan's pipelines to transport their products.
- Refineries that utilize Kinder Morgan's pipelines to receive crude oil and transport refined products.
- Utilities that depend on Kinder Morgan's natural gas pipelines to supply power plants and residential customers.
- Industrial companies that require storage and handling services for various commodities at Kinder Morgan's terminals.
How Kinder Morgan, Inc. Is Valued
Kinder Morgan, Inc. carries a market capitalization of $71.33B, placing it in the large-cap category. Relative to its peer group, KMI's quantitative score of 60/100 is roughly in line with the peer average of 66/100.
Company Profile
Kinder Morgan, Inc. operates in the Oil & Gas Midstream industry within the Energy sector. It is headquartered in Houston, US. The company is led by CEO Kimberly Allen Dang. KMI has traded publicly since 2011.
ROE 11%Key Financial Metrics
Return on equity for Kinder Morgan, Inc. stands at 10.7%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 4.5%, showing how much profit it generates from its asset base. KMI trades at a trailing price-to-earnings ratio of 21.29, above the Energy sector average of ~17x. Its free cash flow yield is 5.5%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.52 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 4.7%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 7/9Financial Health
Kinder Morgan, Inc.'s Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 1.31 places it in the distress zone, a signal of elevated financial risk.
FY2026 estForward Outlook
Wall Street analysts project Kinder Morgan, Inc. revenue of about $18.03B for fiscal 2026, with EPS near $1.47. The estimate reflects 7 contributing analysts.
Net sellingInsider Activity
Over the past six months, Kinder Morgan, Inc. insiders filed 14 SEC Form 4 transactions — 11 sales and 3 purchases. On net that is roughly 51K shares disposed (about $1.7M), a signal worth weighing alongside the fundamentals.
KMI Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in Kinder Morgan's future performance, indicating that executives believe in the company's growth potential.
- Community sentiment has shifted positively, with discussions highlighting the company’s strong position in the energy sector amid rising demand.
- Market perception is buoyed by Kinder Morgan's strategic investments in infrastructure, positioning it well for long-term stability and growth.
- Recent regulatory developments favoring energy investments have created a more favorable environment for Kinder Morgan's operations.
Bear Case
- Concerns about fluctuating energy prices have led to bearish sentiments among some investors, impacting overall confidence in the sector.
- Recent discussions in the community reveal skepticism about the company's ability to adapt to changing energy policies and environmental regulations.
- Insider selling activity, although not widespread, has raised red flags for some investors, suggesting potential lack of confidence from key executives.
- Overall market volatility has created an atmosphere of uncertainty, causing some traders to approach Kinder Morgan with caution.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
From the Earnings Call
“S&P Global Market Intelligence reports that utilities plan to add a staggering number of 153 gigawatts of gas fire generation capacity in the next several years primarily to serve data centers with the bulk of this coming online by 2030. Now this is twice the estimate by the same group of 1 year ago and reflects plans to build about 210 additional natural gas-fired facilities.”
— Richard Kinder, Executive Chairman
“For the full year 2026, while it's still early in the year, we expect to be more than 3% favorable to our budgeted adjusted EBITDA. That's over $250 million of additional EBITDA contribution.”
— David Michels
KMI Q1 FY2026 earnings call transcript · 2026-04-22
KMI Latest News
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Kinder Morgan (KMI) Stock Moves 1.07%: What You Should Know
Yahoo! Finance: KMI News · Jul 2, 2026
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Kinder Morgan (KMI) Stock May Be 39% Undervalued After Gas Expansion News
Yahoo! Finance: KMI News · Jul 1, 2026
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Kinder Morgan, Inc. (KMI) is Attracting Investor Attention: Here is What You Should Know
zacks.com · Jul 1, 2026
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Kinder Morgan Exec Kevin Grahmann Dives into Company’s Growth Strategy at EIC
Yahoo! Finance: KMI News · Jun 30, 2026
KMI Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for KMI.
Price Targets
Consensus target: $43.00
KMI MoonshotScore
What does this score mean?
The MoonshotScore rates KMI's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
Kinder Morgan (KMI) Stock Moves 1.07%: What You Should Know
Kinder Morgan (KMI) Stock May Be 39% Undervalued After Gas Expansion News
Kinder Morgan, Inc. (KMI) is Attracting Investor Attention: Here is What You Should Know
Kinder Morgan Exec Kevin Grahmann Dives into Company’s Growth Strategy at EIC
Latest Kinder Morgan, Inc. Analysis
Leadership: Kimberly Allen Dang
CEO
Kimberly Allen Dang serves as the Chief Executive Officer of Kinder Morgan, Inc., overseeing the operations of a vast energy infrastructure network and managing over 10,000 employees. Dang has been with Kinder Morgan for over two decades, holding various leadership positions across the company's business segments. Her expertise spans finance, strategy, and operations, making her a key figure in the company's growth and development. She holds a strong educational background in finance and accounting.
Track Record: Under Kimberly Allen Dang's leadership, Kinder Morgan has focused on optimizing its existing asset base and pursuing strategic growth opportunities. She has overseen significant investments in renewable energy projects and has guided the company through periods of market volatility. Dang has also prioritized operational efficiency and safety, contributing to Kinder Morgan's strong financial performance and reputation.
Kinder Morgan, Inc. Energy Stock: Key Questions Answered
What does Kinder Morgan, Inc. do?
Kinder Morgan, Inc. operates as a leading energy infrastructure company in North America. The company owns and operates an extensive network of pipelines and terminals, transporting and storing natural gas, refined petroleum products, crude oil, and CO2. Kinder Morgan's operations are divided into four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The company plays a crucial role in connecting energy producers with consumers, facilitating the reliable delivery of essential energy resources across the continent. With approximately 83,000 miles of pipelines and 143 terminals, Kinder Morgan is a key player in the North American energy landscape.
What do analysts say about KMI stock?
Analyst consensus on Kinder Morgan, Inc. (KMI) stock reflects a generally positive outlook, driven by the company's stable cash flows and strategic investments in energy infrastructure. Key valuation metrics, such as the P/E ratio of 21.3, suggest that the stock is reasonably valued compared to its peers. Growth considerations include the potential for increased natural gas demand and the development of renewable energy projects. However, analysts also caution about potential risks, such as regulatory changes and commodity price volatility. The overall sentiment is that Kinder Morgan offers a blend of stability and growth potential, making it a noteworthy option for long-term investors. This is not investment advice. Conduct your own due diligence.
What are the main risks for KMI?
Kinder Morgan, Inc. faces several key risks that could impact its financial performance and operations. Regulatory changes, such as stricter environmental regulations or changes in pipeline safety standards, could increase compliance costs and limit growth opportunities. Commodity price volatility, particularly in natural gas and crude oil, can affect the company's revenue and profitability. Environmental incidents, such as pipeline leaks or spills, could result in significant liabilities and reputational damage. Cybersecurity threats pose a risk to the company's critical infrastructure, potentially disrupting operations and compromising sensitive data. Increased competition from other midstream companies could also put pressure on margins and market share.
What are the key factors to evaluate for KMI?
Kinder Morgan, Inc. (KMI) holds an AI score of 60/100 (moderate). P/E: 21.3x vs the S&P 500's ~20-25x. Analysts target $43.00 (+34%). Not financial advice.
How frequently does KMI data refresh on this page?
KMI prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven KMI's recent stock price performance?
Kinder Morgan, Inc. (KMI) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Extensive network of pipelines and terminals. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider KMI overvalued or undervalued right now?
Kinder Morgan, Inc. (KMI) trades at 21.3x earnings. Analysts target $43.00 (+34%) — upside seen. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying KMI?
Before investing in Kinder Morgan, Inc. (KMI), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on publicly available sources and may be subject to change.
- Financial data is as of 2026-05-10.