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KMI

Kinder Morgan Inc

US$31.07+1.77% (US$0.54)
Day's range
US$30.33 – US$31.12
Day's volume
US$361m
52-week range
US$24.86 – US$33.99

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KMI in numbers

Market cap
US$69.2bn
P/E
19.96
P/B
2.19
Dividend yield (12m)
3.80%
Net debt/EBITDA
3.86

The 12-month dividend yield of KMI is 3.80%, below its 5-year average of 5.53%.

KMI price history

03/10/202502/10/2026
Compare with

KMI risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+16.97%+101.04%+159.29%
Volatility (annualised)17.50%18.39%20.48%
Largest drawdown-8.40%-9.98%-14.88%
Positive months9/1226/3640/60

How much did investing in KMI return?

US$1,000.00 invested on 01/11/2021 would be worth US$2,592.86 today.

Value today in KMI
US$2,592.86
Return over the period
+159.29%
Return per year
+21.38%
In the S&P 500
US$1,690.98

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

KMI fundamentals

Valuation

  • P/E
    19.96
  • P/B
    2.19
  • EV/EBITDA
    12.85
  • EV/EBIT
    18.96
  • EV/Revenue
    6.07
  • P/EBIT
    13.26
  • P/S
    4.25
  • P/OCF
    10.55
  • P/FCF
    21.91
  • Earnings yield
    5.27%
  • PEG ratio
    —
  • Earnings per share
    US$1.56
  • Book value per share
    US$14.20

Debt

  • Net debt
    US$29.7bn
  • Net debt/EBITDA
    3.86
  • Net debt/Equity
    0.94
  • Debt/Equity
    0.94
  • Current ratio
    0.46
  • Quick ratio
    0.36
  • Cash ratio
    0.02

Efficiency

  • Gross margin
    —
  • EBITDA margin
    47.27%
  • Operating margin
    32.04%
  • Net margin
    21.29%
  • Asset turnover
    0.22

Profitability

  • ROE
    10.96%
  • ROA
    4.68%
  • ROIC
    6.60%
  • Payout
    75.79%

Growth

  • Revenue CAGR (5 years)
    3.58%
  • Earnings CAGR (5 years)
    15.13%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is KMI's fair price?

Two classic value formulas, with today's numbers. The current price is US$31.07.

Graham's fair price
US$22.31
28.20% below the price

√(22.50 × US$1.56 × US$14.20)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$18.70
39.81% below the price

US$1.12 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

KMI indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E20.0123.3016.3715.9520.16260.1321.9021.64
P/B1.961.991.291.321.170.981.421.03
EV/EBITDA12.8013.4610.3110.9312.9716.6210.8110.75
Dividend yield4.24%4.18%6.38%6.10%6.76%7.59%4.49%4.71%
Earnings per shareUS$1.37US$1.18US$1.08US$1.13US$0.79US$0.05US$0.97US$0.71
Book value per shareUS$14.01US$13.74US$13.66US$13.68US$13.59US$13.88US$14.90US$14.88
ROE9.81%8.56%7.89%8.29%5.79%0.38%6.49%4.78%
ROIC6.04%5.80%5.68%5.48%4.03%0.68%5.34%4.52%
Gross margin———48.95%59.81%74.79%72.99%66.80%
EBITDA margin47.21%49.97%47.72%34.48%31.27%36.88%60.30%45.74%
Net margin20.10%19.38%17.52%14.06%11.04%1.18%18.13%12.08%
Net debt/EBITDA4.284.424.304.425.858.314.235.03

KMI financial statements

Line202520242023202220212020
Net revenueUS$15.2bnUS$13.5bnUS$13.6bnUS$18.1bnUS$16.2bnUS$10.1bn
Cost of sales———-US$9.3bn-US$6.5bn-US$2.5bn
Gross profit———US$8.9bnUS$9.7bnUS$7.6bn
EBITDAUS$7.2bnUS$6.7bnUS$6.5bnUS$6.3bnUS$5.1bnUS$3.7bn
EBITUS$4.7bnUS$4.4bnUS$4.3bnUS$4.1bnUS$2.9bnUS$1.6bn
Net finance result-US$732m-US$977m-US$1.1bn-US$730m-US$697m-US$899m
Profit before taxUS$4bnUS$3.4bnUS$3.2bnUS$3.3bnUS$2.2bnUS$661m
Income tax-US$832m-US$687m-US$715m-US$710m-US$369m-US$481m
Net incomeUS$3.1bnUS$2.6bnUS$2.4bnUS$2.5bnUS$1.8bnUS$119m

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does KMI pay dividends?

Dividend yield per year

  • 2.77%2017
  • 4.71%2018
  • 4.49%2019
  • 7.59%2020
  • 6.76%2021
  • 6.10%2022
  • 6.38%2023
  • 4.18%2024
  • 4.24%2025
  • 2.86%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend31/07/202617/08/2026US$0.30
Dividend01/05/202615/05/2026US$0.30
Dividend30/01/202617/02/2026US$0.29
Dividend31/10/202517/11/2025US$0.29
Dividend30/07/202515/08/2025US$0.29
Dividend29/04/202515/05/2025US$0.29
Dividend31/01/202518/02/2025US$0.29
Dividend30/10/202415/11/2024US$0.29
Dividend30/07/202415/08/2024US$0.29
Dividend26/04/202415/05/2024US$0.29
Dividend29/01/202415/02/2024US$0.28
Dividend27/10/202315/11/2023US$0.28
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend27/07/202315/08/2023US$0.28
Dividend27/04/202315/05/2023US$0.28
Dividend27/01/202315/02/2023US$0.28
Dividend27/10/202215/11/2022US$0.28
Dividend28/07/202215/08/2022US$0.28
Dividend28/04/202216/05/2022US$0.28
Dividend27/01/202215/02/2022US$0.27
Dividend28/10/202115/11/2021US$0.27
Dividend29/07/202116/08/2021US$0.27
Dividend28/04/202117/05/2021US$0.27
Dividend28/01/202116/02/2021US$0.26
Dividend29/10/202016/11/2020US$0.26
Dividend30/07/202017/08/2020US$0.26
Dividend30/04/202015/05/2020US$0.26
Dividend30/01/202018/02/2020US$0.25
Dividend29/10/201915/11/2019US$0.25
Dividend29/07/201915/08/2019US$0.25
Dividend26/04/201915/05/2019US$0.25
Dividend29/01/201915/02/2019US$0.20
Dividend29/10/201815/11/2018US$0.20
Dividend27/07/201815/08/2018US$0.20
Dividend26/04/201815/05/2018US$0.20
Dividend29/01/201815/02/2018US$0.13
Dividend27/10/201715/11/2017US$0.13
Dividend26/07/201715/08/2017US$0.13
Dividend26/04/201715/05/2017US$0.13
Dividend27/01/201715/02/2017US$0.13
Dividend27/10/201615/11/2016US$0.13

About Kinder Morgan

Sector
Transportation and utilities

Questions about KMI

How much is KMI today?

KMI is at US$31.07 (1.77% on the day), last traded on 02/10/2026.

How much did KMI pay in dividends in 2025?

KMI paid US$1.17 per share in 2025, a dividend yield of 4.24%.

What are the P/E and P/B of KMI?

KMI trades at a P/E of 19.96 and a P/B of 2.19.

How much did KMI return in 12 months?

KMI returned 16.97% in 12 months, with annualised volatility of 17.50% and a largest drawdown of -8.40%.