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Kinder Morgan

DB:2KD
Snowflake Description

Unattractive dividend payer with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2KD
DB
$46B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Kinder Morgan, Inc. operates as an energy infrastructure company in North America. The last earnings update was 2 days ago. More info.


Add to Portfolio Compare Print
2KD Share Price and Events
7 Day Returns
-4.2%
DB:2KD
1.6%
DE Oil and Gas
-1.1%
DE Market
1 Year Returns
19%
DB:2KD
26.3%
DE Oil and Gas
-8.5%
DE Market
2KD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kinder Morgan (2KD) -4.2% -2.4% 6% 19% -5.6% -35.4%
DE Oil and Gas 1.6% 3.4% 9.1% 26.3% 26% 73.7%
DE Market -1.1% -0.4% -4% -8.5% 8.1% 9.4%
1 Year Return vs Industry and Market
  • 2KD underperformed the Oil and Gas industry which returned 26.3% over the past year.
  • 2KD outperformed the Market in Germany which returned -8.5% over the past year.
Price Volatility
2KD
Industry
5yr Volatility vs Market

Value

 Is Kinder Morgan undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Kinder Morgan to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kinder Morgan.

DB:2KD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:2KD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.919 (1 + (1- 21%) (78.01%))
1.326
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.33
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.326 * 5.96%)
8.13%

Discounted Cash Flow Calculation for DB:2KD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kinder Morgan is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:2KD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.13%)
2020 2,385.00 Analyst x1 2,205.72
2021 2,612.00 Analyst x1 2,234.07
2022 2,691.00 Analyst x1 2,128.62
2023 2,738.00 Analyst x1 2,002.99
2024 2,773.08 Est @ 1.28% 1,876.16
2025 2,799.85 Est @ 0.97% 1,751.87
2026 2,820.68 Est @ 0.74% 1,632.24
2027 2,837.30 Est @ 0.59% 1,518.44
2028 2,850.94 Est @ 0.48% 1,411.05
2029 2,862.49 Est @ 0.41% 1,310.26
Present value of next 10 years cash flows $18,071.42
DB:2KD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $2,862.49 × (1 + 0.23%) ÷ (8.13% – 0.23%)
$36,316.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $36,316.24 ÷ (1 + 8.13%)10
$16,623.22
DB:2KD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $18,071.42 + $16,623.22
$34,694.64
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $34,694.64 / 2,263.74
$15.33
DB:2KD Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2KD represents 0.88429x of NYSE:KMI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88429x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 15.33 x 0.88429
€13.55
Value per share (EUR) From above. €13.55
Current discount Discount to share price of €18.13
= -1 x (€18.13 - €13.55) / €13.55
-33.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Kinder Morgan is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Kinder Morgan's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kinder Morgan's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2KD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $1.00
NYSE:KMI Share Price ** NYSE (2019-07-19) in USD $20.5
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 8.79x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kinder Morgan.

DB:2KD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:KMI Share Price ÷ EPS (both in USD)

= 20.5 ÷ 1.00

20.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kinder Morgan is overvalued based on earnings compared to the DE Oil and Gas industry average.
  • Kinder Morgan is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Kinder Morgan's expected growth come at a high price?
Raw Data
DB:2KD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
1.2%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 56 Publicly-Listed Oil and Gas Companies 0.84x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

DB:2KD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.52x ÷ 1.2%

17.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kinder Morgan is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Kinder Morgan's assets?
Raw Data
DB:2KD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $14.87
NYSE:KMI Share Price * NYSE (2019-07-19) in USD $20.5
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.28x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.73x
DB:2KD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:KMI Share Price ÷ Book Value per Share (both in USD)

= 20.5 ÷ 14.87

1.38x

* Primary Listing of Kinder Morgan.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kinder Morgan is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Kinder Morgan's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Kinder Morgan has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Kinder Morgan expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kinder Morgan expected to grow at an attractive rate?
  • Kinder Morgan's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Kinder Morgan's earnings growth is positive but not above the Germany market average.
  • Kinder Morgan's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2KD Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2KD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 1.2%
DB:2KD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 2.8%
Germany Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average -8.6%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:2KD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2KD Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 15,187 6,403 2,264 1
2022-12-31 15,581 6,394 2,459 3
2021-12-31 15,334 5,972 2,339 7
2020-12-31 15,147 5,892 2,416 12
2019-12-31 14,183 4,852 2,263 9
DB:2KD Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 13,941 2,242
2019-03-31 14,155 4,704 1,543
2018-12-31 14,144 5,043 1,473
2018-09-30 13,995 4,669 -53
2018-06-30 13,759 4,903 -409
2018-03-31 13,699 4,689 106
2017-12-31 13,705 4,601 22
2017-09-30 13,462 4,599 1,237
2017-06-30 13,511 4,616 676
2017-03-31 13,287 4,631 671
2016-12-31 13,058 4,758 548
2016-09-30 13,305 5,299 -345

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kinder Morgan's earnings are expected to grow by 1.2% yearly, however this is not considered high growth (20% yearly).
  • Kinder Morgan's revenue is expected to grow by 2.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:2KD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Kinder Morgan Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2KD Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.99 0.99 0.99 1.00
2022-12-31 1.10 1.23 0.97 2.00
2021-12-31 1.03 1.18 0.94 4.00
2020-12-31 1.07 1.45 0.90 9.00
2019-12-31 1.01 1.02 0.98 4.00
DB:2KD Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 1.00
2019-03-31 0.69
2018-12-31 0.66
2018-09-30 -0.02
2018-06-30 -0.18
2018-03-31 0.05
2017-12-31 0.01
2017-09-30 0.55
2017-06-30 0.30
2017-03-31 0.30
2016-12-31 0.25
2016-09-30 -0.15

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Kinder Morgan is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Kinder Morgan's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kinder Morgan has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Kinder Morgan performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Kinder Morgan's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kinder Morgan's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Kinder Morgan has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Kinder Morgan has become profitable in the last year making it difficult to compare the Europe Oil and Gas industry average.
Earnings and Revenue History
Kinder Morgan's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kinder Morgan Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2KD Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 13,941.00 2,242.00 547.00
2019-03-31 14,155.00 1,543.00 563.00
2018-12-31 14,144.00 1,473.00 582.00
2018-09-30 13,995.00 -53.00 637.00
2018-06-30 13,759.00 -409.00 662.00
2018-03-31 13,699.00 106.00 652.00
2017-12-31 13,705.00 22.00 659.00
2017-09-30 13,462.00 1,237.00 665.00
2017-06-30 13,511.00 676.00 652.00
2017-03-31 13,287.00 671.00 674.00
2016-12-31 13,058.00 548.00 677.00
2016-09-30 13,305.00 -345.00 629.00
2016-06-30 13,682.00 65.00 621.00
2016-03-31 14,001.00 64.00 608.00
2015-12-31 14,403.00 214.00 604.00
2015-09-30 14,718.00 1,061.00 675.00
2015-06-30 15,302.00 1,206.00 652.00
2015-03-31 15,776.00 1,157.00 643.00
2014-12-31 16,226.00 1,015.00 610.00
2014-09-30 16,147.00 1,230.00 593.00
2014-06-30 15,612.00 1,187.00 616.00
2014-03-31 15,057.00 1,181.00 645.00
2013-12-31 14,070.00 1,191.00 613.00
2013-09-30 13,277.00 1,022.00 271.00
2013-06-30 12,391.00 1,069.00 588.00
2013-03-31 11,176.00 948.00 627.00
2012-12-31 9,973.00 1,053.00 548.00
2012-09-30 8,831.00 974.00 932.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Kinder Morgan has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kinder Morgan used its assets less efficiently than the DE Oil and Gas industry average last year based on Return on Assets.
  • Kinder Morgan has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kinder Morgan's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kinder Morgan has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Kinder Morgan's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Kinder Morgan's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kinder Morgan's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Kinder Morgan's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Kinder Morgan's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Kinder Morgan Company Filings, last reported 2 weeks ago.

DB:2KD Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 35,259.00 36,059.00 213.00
2019-03-31 35,161.00 35,880.00 243.00
2018-12-31 35,197.00 37,439.00 3,292.00
2018-09-30 35,899.00 37,880.00 3,477.00
2018-06-30 35,075.00 37,740.00 290.00
2018-03-31 35,658.00 38,234.00 327.00
2017-12-31 35,124.00 37,908.00 305.00
2017-09-30 36,524.00 38,316.00 610.00
2017-06-30 36,214.00 38,375.00 521.00
2017-03-31 35,005.00 39,484.00 482.00
2016-12-31 34,802.00 40,138.00 778.00
2016-09-30 34,968.00 41,476.00 481.00
2016-06-30 35,473.00 43,654.00 309.00
2016-03-31 35,546.00 43,836.00 312.00
2015-12-31 35,403.00 43,304.00 341.00
2015-09-30 35,842.00 44,669.00 332.00
2015-06-30 35,505.00 44,670.00 310.00
2015-03-31 35,359.00 45,318.00 430.00
2014-12-31 34,426.00 42,867.00 458.00
2014-09-30 28,769.00 38,013.00 600.00
2014-06-30 28,655.00 37,190.00 453.00
2014-03-31 28,434.00 37,305.00 635.00
2013-12-31 28,285.00 36,309.00 685.00
2013-09-30 28,302.00 36,090.00 930.00
2013-06-30 28,539.00 35,595.00 1,019.00
2013-03-31 24,308.00 34,393.00 1,113.00
2012-12-31 24,100.00 34,402.00 723.00
2012-09-30 23,898.00 36,490.00 775.00
  • Kinder Morgan's level of debt (100.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (129.8% vs 100.3% today).
  • Debt is not well covered by operating cash flow (13.3%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Kinder Morgan's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kinder Morgan has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Kinder Morgan's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.88%
Current annual income from Kinder Morgan dividends. Estimated to be 6.04% next year.
If you bought €2,000 of Kinder Morgan shares you are expected to receive €98 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kinder Morgan's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.49%).
  • Kinder Morgan's dividend is above the markets top 25% of dividend payers in Germany (3.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:2KD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 56 Stocks 5.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:2KD Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.56 4.00
2022-12-31 1.50 6.00
2021-12-31 1.38 15.00
2020-12-31 1.24 20.00
2019-12-31 0.99 20.00
DB:2KD Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-07-17 1.000 4.877
2019-04-23 1.000 4.901
2019-04-17 1.000 5.052
2019-01-16 0.800 4.173
2018-10-19 0.800 4.810
2018-10-17 0.800 4.455
2018-07-20 0.800 4.468
2018-07-18 0.800 4.490
2018-04-18 0.800 4.762
2018-02-09 0.500 3.122
2018-01-17 0.500 2.740
2017-10-20 0.500 2.792
2017-10-18 0.500 2.695
2017-07-19 0.500 2.581
2017-04-21 0.500 2.572
2017-04-19 0.500 2.421
2017-02-10 0.500 2.321
2017-01-18 0.500 2.230
2016-10-21 0.500 2.354
2016-10-19 0.500 2.381
2016-07-22 0.500 2.333
2016-07-20 0.500 2.335
2016-04-20 0.500 2.755
2016-02-16 0.500 2.775
2016-01-20 0.500 3.386
2015-10-23 2.040 11.036
2015-10-21 2.040 6.776
2015-07-24 1.960 6.206
2015-07-15 1.960 5.427
2015-04-28 1.920 4.742
2015-04-15 1.920 4.378
2015-02-23 1.800 4.342
2015-01-21 1.800 4.318
2014-10-15 1.760 4.398
2014-07-16 1.720 4.509
2014-04-16 1.680 4.904
2014-01-15 1.640 4.972
2013-10-16 1.640 4.674
2013-05-13 1.600 4.255
2013-04-17 1.520 3.897
2013-01-16 1.480 3.947
2012-10-17 1.440 4.171
2012-07-18 1.400 3.949
2012-04-18 1.280 3.833
2012-01-18 1.240 3.529
2011-10-19 1.200 4.025
2011-07-20 1.200 4.574
2011-04-20 1.160 4.028

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kinder Morgan has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Kinder Morgan has only been paying a dividend for 8 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Kinder Morgan's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.8x coverage).
X
Income/ dividend checks
We assess Kinder Morgan's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kinder Morgan afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kinder Morgan has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Kinder Morgan's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steve Kean
COMPENSATION $16,908,961
AGE 57
TENURE AS CEO 4.1 years
CEO Bio

Mr. Steven J. Kean, also known as Steve, has been Chief Executive Officer at Kinder Morgan, Inc., since June 1, 2015 and was its President since March 31, 2013 until April 18, 2018. Mr. Kean has been an Executive Vice President of Colorado Interstate Gas Company L.L.C. since May 2012. Mr. Kean has been Chief Operating Officer of Kinder Morgan G.P., Inc. (General Partner of Kinder Morgan Energy Partners LP) since January 2006 and serves as its President and Director. He joined Kinder Morgan Canada Limited in 2002. He serves as the Non-Independent Chair of the Board and Chief Executive Officer at Kinder Morgan Canada Limited and has been its Director since April 21, 2017. He served as Executive Vice President of Kinder Morgan GP Inc. He has been the Chief Operating Officer of Kinder Morgan Management LLC since January 2006 and its President since March 31, 2013. Mr. Kean served as Chief Operating Officer of Kinder Morgan, Inc. since February 2011. He served as the President of El Paso Pipeline GP Company, L.L.C., the general Partner of El Paso Pipeline Partners, L.P. since March 31, 2013 until March 2013 and has been its Chief Operating Officer since May 25, 2012. He served as Executive Vice President of Kinder Morgan Management LLC from January 2006 to March 31, 2013. He served as Executive Vice President of El Paso Pipeline GP Company, L.L.C. since May 25, 2012 until March 2013. He served as President of Natural Gas Pipelines of Kinder Morgan Management LLC since July 2008. He served as the President of Natural Gas Pipelines of Kinder Morgan Energy Partners LP. He served as Chief Operating Officer and a member of the Board of Managers of Kinder Morgan Holdco LLC (a/k/a Knight Holdco LLC) since May 2007 until February, 2011. Mr. Kean served as an Executive Vice President and Chief Operating Officer of Kinder Morgan Kansas, Inc. (formerly, Knight Inc.) since May 4, 2005 and January 2006, respectively. He served as an Executive Vice President of Operations at Kinder Morgan Management, LLC, Kinder Morgan G.P., Inc. and Kinder Morgan, Inc. from May 2005 to January 2006. He served as a Member of the Office of the Chairman of Kinder Morgan Kansas, Inc. and Kinder Morgan G P Inc., since May 4, 2005 and Executive Vice President of Operations from May 2, 2005 to January 2006. He served as a Member of the Office of the Chairman of Kinder Morgan Management LLC from May 4, 2005 to January 2006. Mr. Kean served as Vice President (President - Texas Intrastate Natural Gas Pipelines) of Kinder Morgan Management, LLC and Kinder Morgan G.P., Inc. from June 2002 to May 2005. He served as Vice President of Strategic Planning for Kinder Morgan Natural Gas Group from January 2002 to June 2002. He served as an Executive Vice President and Chief of Staff of Enron Creditors Recovery Corp. (formerly, Enron Corp.) from July 1999 to December 2001. He served as Senior Vice President, Government Affairs, Enron Corp. from 1997 to 1999. He has been Director at Kinder Morgan, Inc. since May 2007. He serves as a Director of Colorado Interstate Gas Company L.L.C. He has been Director of El Paso Pipeline GP Company, L.L.C., the general Partner of El Paso Pipeline Partners, L.P. since May 2012. He serves as Director of Kinder Morgan Holdco LLC. He served as Manager of Kinder Morgan Holdco LLC and Kinder Morgan, Inc. since May 2007. Mr. Kean holds Juris Doctor from the University of Iowa in May 1985 and Bachelor of Arts degree from Iowa State University in May 1982.

CEO Compensation
  • Steve's compensation has increased in line with Kinder Morgan recently becoming profitable.
  • Steve's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Kinder Morgan management team in years:

1.3
Average Tenure
55
Average Age
  • The average tenure for the Kinder Morgan management team is less than 2 years, this suggests a new team.
Management Team

Steve Kean

TITLE
CEO & Director
COMPENSATION
$17M
AGE
57
TENURE
4.1 yrs

Kim Dang

TITLE
President & Director
COMPENSATION
$4M
AGE
49
TENURE
1.3 yrs

David Michels

TITLE
VP & CFO
COMPENSATION
$2M
AGE
40
TENURE
1.3 yrs

John Schlosser

TITLE
VP & President of Terminals
COMPENSATION
$10M
AGE
56
TENURE
4.6 yrs

Dax Sanders

TITLE
Executive VP & Chief Strategy Officer
COMPENSATION
$5M
AGE
44
TENURE
1.3 yrs

Rich Kinder

TITLE
Executive Chairman of the Board
COMPENSATION
$1
AGE
74

Mark Huse

TITLE
VP & Chief Information Officer
TENURE
6.5 yrs

Denise Mathews

TITLE
Vice President of Human Resources
AGE
63
TENURE
1.5 yrs

Anthony Ashley

TITLE
VP of Investor Relations & Treasurer
TENURE
1.3 yrs

Catherine B. James

TITLE
VP & General Counsel
AGE
54
TENURE
0.4 yrs
Board of Directors Tenure

Average tenure and age of the Kinder Morgan board of directors in years:

8.3
Average Tenure
64
Average Age
  • The tenure for the Kinder Morgan board of directors is about average.
Board of Directors

Steve Kean

TITLE
CEO & Director
COMPENSATION
$17M
AGE
57
TENURE
12.2 yrs

Kim Dang

TITLE
President & Director
COMPENSATION
$4M
AGE
49
TENURE
2.5 yrs

Rich Kinder

TITLE
Executive Chairman of the Board
COMPENSATION
$1
AGE
74
TENURE
8.4 yrs

Joel Staff

TITLE
Director
COMPENSATION
$203K
AGE
75
TENURE
8.3 yrs

Deb Macdonald

TITLE
Director
COMPENSATION
$202K
AGE
67
TENURE
8.3 yrs

Robert Vagt

TITLE
Director
COMPENSATION
$200K
AGE
72
TENURE
7.2 yrs

Ted Gardner

TITLE
Director
COMPENSATION
$200K
AGE
61
TENURE
4.6 yrs

Mike Morgan

TITLE
Lead Director
COMPENSATION
$200K
AGE
50

C. Shaper

TITLE
Director
COMPENSATION
$200K
AGE
50
TENURE
12.2 yrs

Fayez Sarofim

TITLE
Director
COMPENSATION
$203K
AGE
90
TENURE
12.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Kinder Morgan individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
30. May 19 Buy Richard Kinder Individual 29. May 19 29. May 19 300,000 €17.68 €5,305,254
14. May 19 Buy Richard Kinder Individual 13. May 19 13. May 19 300,000 €17.39 €5,215,920
13. May 19 Buy Richard Kinder Individual 10. May 19 10. May 19 177,542 €17.28 €3,067,966
08. May 19 Buy Richard Kinder Individual 06. May 19 06. May 19 200,000 €17.39 €3,477,360
03. May 19 Buy Richard Kinder Individual 02. May 19 02. May 19 400,000 €17.47 €6,987,160
30. Apr 19 Buy Richard Kinder Individual 29. Apr 19 29. Apr 19 200,000 €17.81 €3,561,812
24. Apr 19 Buy Richard Kinder Individual 23. Apr 19 23. Apr 19 29,622 €17.76 €526,047
13. Mar 19 Buy Deborah Macdonald Individual 12. Mar 19 12. Mar 19 2,500 €17.62 €44,062
11. Mar 19 Sell John Schlosser Individual 08. Mar 19 08. Mar 19 -54,100 €17.46 €-944,528
11. Mar 19 Buy Richard Kinder Individual 08. Mar 19 08. Mar 19 300,000 €17.48 €5,245,281
06. Mar 19 Buy Richard Kinder Individual 05. Mar 19 05. Mar 19 11,900 €17.43 €207,460
05. Mar 19 Buy Richard Kinder Individual 04. Mar 19 04. Mar 19 200,000 €17.32 €3,464,744
04. Mar 19 Buy Richard Kinder Individual 01. Mar 19 01. Mar 19 76,836 €16.96 €1,303,345
01. Mar 19 Buy Richard Kinder Individual 28. Feb 19 28. Feb 19 300,000 €16.88 €5,064,969
27. Feb 19 Buy Richard Kinder Individual 26. Feb 19 26. Feb 19 300,000 €17.01 €5,102,910
25. Feb 19 Buy Richard Kinder Individual 25. Feb 19 25. Feb 19 300,000 €17.00 €5,098,896
22. Feb 19 Buy Richard Kinder Individual 21. Feb 19 21. Feb 19 300,000 €16.90 €5,068,919
20. Feb 19 Buy Richard Kinder Individual 19. Feb 19 19. Feb 19 19,112 €16.58 €316,944
19. Feb 19 Buy Richard Kinder Individual 15. Feb 19 15. Feb 19 200,000 €16.79 €3,357,898
12. Feb 19 Buy Richard Kinder Individual 12. Feb 19 12. Feb 19 200,000 €16.26 €3,251,009
11. Feb 19 Buy Richard Kinder Individual 08. Feb 19 08. Feb 19 114,932 €15.74 €1,809,223
08. Feb 19 Buy Richard Kinder Individual 07. Feb 19 07. Feb 19 400,000 €15.84 €6,335,036
06. Feb 19 Buy Richard Kinder Individual 05. Feb 19 05. Feb 19 200,000 €16.07 €3,214,684
05. Feb 19 Buy Richard Kinder Individual 04. Feb 19 04. Feb 19 150,000 €16.02 €2,403,254
01. Feb 19 Buy Richard Kinder Individual 31. Jan 19 31. Jan 19 100,000 €15.76 €1,576,009
31. Jan 19 Buy Richard Kinder Individual 30. Jan 19 30. Jan 19 65,260 €15.72 €1,025,687
29. Jan 19 Buy Richard Kinder Individual 29. Jan 19 29. Jan 19 50,000 €15.68 €784,245
27. Sep 18 Buy Richard Kinder Individual 27. Sep 18 27. Sep 18 500,000 €15.04 €7,519,705
30. Jul 18 Buy William Smith Individual 26. Jul 18 26. Jul 18 5,556 €15.51 €86,162
X
Management checks
We assess Kinder Morgan's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kinder Morgan has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Kinder Morgan, Inc. operates as an energy infrastructure company in North America. The company 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 and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities. The Products Pipelines segment owns and operates refined petroleum products, NGL, 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 transload and store refined petroleum products, crude oil, ethanol, and chemicals, as well as bulk products, including coke, metals, and ores; and owns tankers. The CO2 segment produces, transports, and markets CO2 to recovery and production crude oil from mature oil fields; and owns interests in/or operates oil fields and gas processing plants, as well as operates a crude oil pipeline system in West Texas. The company owns an interest in or operates approximately 84,000 miles of pipelines and 153 terminals. 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 1936 and is headquartered in Houston, Texas.

Details
Name: Kinder Morgan, Inc.
2KD
Exchange: DB
Founded: 1936
$41,196,275,503
2,263,742,572
Website: http://www.kindermorgan.com
Address: Kinder Morgan, Inc.
1001 Louisiana Street,
Suite 1000,
Houston,
Texas, 77002,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE KMI Class P Common Stock New York Stock Exchange US USD 11. Feb 2011
DB 2KD Class P Common Stock Deutsche Boerse AG DE EUR 11. Feb 2011
LSE 0JR2 Class P Common Stock London Stock Exchange GB USD 11. Feb 2011
WBAG KMI Class P Common Stock Wiener Boerse AG AT EUR 11. Feb 2011
Number of employees
Current staff
Staff numbers
11,012
Kinder Morgan employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 21:21
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/19
Last earnings filing: 2019/07/17
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.