Kinder Morgan, Inc. operates as an energy infrastructure company in North America.
Kinder Morgan Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$18.65|
|52 Week High||US$11.45|
|52 Week Low||US$19.29|
|1 Month Change||18.94%|
|3 Month Change||6.75%|
|1 Year Change||48.84%|
|3 Year Change||12.96%|
|5 Year Change||-13.22%|
|Change since IPO||-39.94%|
Recent News & Updates
Kinder Morgan: Dividend Growth Is Set To Accelerate In 2022
Kinder Morgan was forced to shelve their planned large dividend increase back at the start of 2020 due to the onset of the Covid-19 pandemic and its resulting severe downturn. At the time management said they remained committed to increasing their annual dividends to their previously planned $1.25 per share, which remains well above their current $1.08 per share. Now that operating conditions are improving, it provides a stable backdrop to make good on this commitment in early 2022 when they normally increase their dividends. This should be further helped by their capital expenditure coming down even further and thereby providing ample free cash flow, as indicated by their project backlog. This means that their dividend growth is set to accelerate in 2022 and thus I believe that maintaining my bullish rating is appropriate.
Is Now The Time To Put Kinder Morgan (NYSE:KMI) On Your Watchlist?
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Estimating The Intrinsic Value Of Kinder Morgan, Inc. (NYSE:KMI)
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Kinder Morgan: Your Second Chance Is Knocking
Kinder Morgan has seen material share price weakness in recent months, giving value investors another chance to buy into this quality name. It maintains strong business fundamentals, and has a head start in the growing RNG space. Management has significant alignment of interest with shareholders, and maintains a self-funding model.
Kinder Morgan: A Strong Value Prospect
Kinder Morgan has a history of consistency from a cash flow perspective. Though the company has not seen any real growth in profitability, the consistency is a net positive for investors. Shares are also cheap, even if adjusted for the good year 2021 is set to be.
Buy Kinder Morgan's 6.6% Yield Before It's Too Late
Kinder Morgan generates stable returns and cash flow from its energy business. High percentage of contracted cash flows generate distribution stability. Large debt repayments and a low valuation make Kinder Morgan attractive on the dip.
|KMI||US Oil and Gas||US Market|
Return vs Industry: KMI underperformed the US Oil and Gas industry which returned 92.2% over the past year.
Return vs Market: KMI exceeded the US Market which returned 30.5% over the past year.
Stable Share Price: KMI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: KMI's weekly volatility (3%) has been stable over the past year.
About the Company
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 underground 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 liquefaction and storage facilities.
Kinder Morgan Fundamentals Summary
|KMI fundamental statistics|
Is KMI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|KMI income statement (TTM)|
|Cost of Revenue||US$6.73b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 20, 2021
|Earnings per share (EPS)||0.75|
|Net Profit Margin||11.82%|
How did KMI perform over the long term?See historical performance and comparison
5.8%Current Dividend Yield
Is Kinder Morgan undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KMI ($18.65) is trading below our estimate of fair value ($20.89)
Significantly Below Fair Value: KMI is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: KMI is poor value based on its PE Ratio (24.9x) compared to the US Oil and Gas industry average (19.3x).
PE vs Market: KMI is poor value based on its PE Ratio (24.9x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: KMI is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: KMI is good value based on its PB Ratio (1.4x) compared to the US Oil and Gas industry average (2x).
How is Kinder Morgan forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KMI's forecast earnings growth (22.1% per year) is above the savings rate (2%).
Earnings vs Market: KMI's earnings (22.1% per year) are forecast to grow faster than the US market (15.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: KMI's revenue is expected to decline over the next 3 years (-5.7% per year).
High Growth Revenue: KMI's revenue is forecast to decline over the next 3 years (-5.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KMI's Return on Equity is forecast to be low in 3 years time (7.4%).
How has Kinder Morgan performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KMI has a large one-off loss of $1.4B impacting its June 30 2021 financial results.
Growing Profit Margin: KMI's current net profit margins (11.8%) are higher than last year (1.3%).
Past Earnings Growth Analysis
Earnings Trend: KMI's earnings have grown significantly by 27.2% per year over the past 5 years.
Accelerating Growth: KMI's earnings growth over the past year (956.5%) exceeds its 5-year average (27.2% per year).
Earnings vs Industry: KMI earnings growth over the past year (956.5%) exceeded the Oil and Gas industry -18.6%.
Return on Equity
High ROE: KMI's Return on Equity (5.6%) is considered low.
How is Kinder Morgan's financial position?
Financial Position Analysis
Short Term Liabilities: KMI's short term assets ($4.3B) do not cover its short term liabilities ($5.1B).
Long Term Liabilities: KMI's short term assets ($4.3B) do not cover its long term liabilities ($33.3B).
Debt to Equity History and Analysis
Debt Level: KMI's debt to equity ratio (104.6%) is considered high.
Reducing Debt: KMI's debt to equity ratio has reduced from 123% to 104.6% over the past 5 years.
Debt Coverage: KMI's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: KMI's interest payments on its debt are not well covered by EBIT (2.9x coverage).
What is Kinder Morgan current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KMI's dividend (5.79%) is higher than the bottom 25% of dividend payers in the US market (1.29%).
High Dividend: KMI's dividend (5.79%) is in the top 25% of dividend payers in the US market (3.49%)
Stability and Growth of Payments
Stable Dividend: KMI's dividend payments have been volatile in the past 10 years.
Growing Dividend: KMI's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (141.7%), KMI's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KMI's dividends in 3 years are not forecast to be well covered by earnings (114.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Kean (59 yo)
Mr. Steven J. Kean, also known as Steve, has been Chief Executive Officer at Kinder Morgan, Inc., since June 1, 2015 and was its President since March 31, 2013 until April 18, 2018. Mr. Kean has been an Ex...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD1.00) is below average for companies of similar size in the US market ($USD11.17M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
Experienced Management: KMI's management team is considered experienced (3.5 years average tenure).
Experienced Board: KMI's board of directors are considered experienced (9.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: KMI insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Kinder Morgan, Inc.'s employee growth, exchange listings and data sources
- Name: Kinder Morgan, Inc.
- Ticker: KMI
- Exchange: NYSE
- Founded: NaN
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: US$42.271b
- Shares outstanding: 2.27b
- Website: https://www.kindermorgan.com
Number of Employees
- Kinder Morgan, Inc.
- 1001 Louisiana Street
- Suite 1000
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 23:23|
|End of Day Share Price||2021/10/20 00:00|
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.