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KMI

Kinder MorganNYSE:KMI Stock Report

Last Price

US$17.37

Market Cap

US$39.4b

7D

-2.9%

1Y

13.4%

Updated

23 Jan, 2022

Data

Company Financials +
KMI fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance4/6
Financial Health2/6
Dividends2/6

KMI Stock Overview

Kinder Morgan, Inc. operates as an energy infrastructure company in North America.

Kinder Morgan Competitors

Enterprise Products Partners

NYSE:EPD

US$51.9b

Williams Companies

NYSE:WMB

US$34.9b

MPLX

NYSE:MPLX

US$31.8b

Energy Transfer

NYSE:ET

US$28.3b

Price History & Performance

Summary of all time highs, changes and price drops for Kinder Morgan
Historical stock prices
Current Share PriceUS$17.37
52 Week HighUS$19.29
52 Week LowUS$13.75
Beta1.01
1 Month Change11.06%
3 Month Change-2.69%
1 Year Change13.38%
3 Year Change-2.09%
5 Year Change-22.39%
Change since IPO-44.06%

Recent News & Updates

Jan 24
Kinder Morgan's (NYSE:KMI) Dividend Will Be Increased To US$0.27

Kinder Morgan's (NYSE:KMI) Dividend Will Be Increased To US$0.27

Kinder Morgan, Inc. ( NYSE:KMI ) will increase its dividend on the 15th of February to US$0.27. This makes the dividend...

Jan 21

Kinder Morgan: Solid Q4 Earnings May Be Just The Beginning

Kinder Morgan saw sharp YOY volume increases through its refined product pipeline systems as demand for these products continued to recover. Numerous upstream companies have announced their expectations for lower production in 2022, which may weigh on the company next year. The long-term demand for fossil fuels points towards volume growth over a more extended period, which would be quite beneficial for the company. The current 6.20% dividend yield appears sustainable, and the company has some room to increase it next year.

Jan 20
A Look At The Fair Value Of Kinder Morgan, Inc. (NYSE:KMI)

A Look At The Fair Value Of Kinder Morgan, Inc. (NYSE:KMI)

Does the January share price for Kinder Morgan, Inc. ( NYSE:KMI ) reflect what it's really worth? Today, we will...

Jan 07

Kinder Morgan Vs. MPLX: Comparing 2 High-Yield Midstream Stocks

MPLX and KMI are fully integrated natural gas midstream infrastructure businesses. Both sport outsized yields and investment-grade balance sheets. We compare the two and offer our take on which is a better buy.

Shareholder Returns

KMIUS Oil and GasUS Market
7D-2.9%-3.9%-6.1%
1Y13.4%46.2%4.2%

Return vs Industry: KMI underperformed the US Oil and Gas industry which returned 46.2% over the past year.

Return vs Market: KMI exceeded the US Market which returned 4.2% over the past year.

Price Volatility

Is KMI's price volatile compared to industry and market?
KMI volatility
KMI Average Weekly Movement3.2%
Oil and Gas Industry Average Movement7.3%
Market Average Movement6.7%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.4%

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

FoundedEmployeesCEOWebsite
n/a10,524Steve Keanhttps://www.kindermorgan.com

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

How do Kinder Morgan's earnings and revenue compare to its market cap?
KMI fundamental statistics
Market CapUS$39.39b
Earnings (TTM)US$1.78b
Revenue (TTM)US$16.61b

22.1x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KMI income statement (TTM)
RevenueUS$16.61b
Cost of RevenueUS$8.86b
Gross ProfitUS$7.75b
ExpensesUS$5.97b
EarningsUS$1.78b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.79
Gross Margin46.65%
Net Profit Margin10.74%
Debt/Equity Ratio104.4%

How did KMI perform over the long term?

See historical performance and comparison

Dividends

6.2%

Current Dividend Yield

137%

Payout Ratio

Does KMI pay a reliable dividends?

See KMI dividend history and benchmarks

Valuation

Is Kinder Morgan undervalued compared to its fair value and its price relative to the market?

22.08x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KMI ($17.37) is trading above our estimate of fair value ($16.1)

Significantly Below Fair Value: KMI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: KMI is poor value based on its PE Ratio (22.1x) compared to the US Oil and Gas industry average (16.8x).

PE vs Market: KMI is poor value based on its PE Ratio (22.1x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: KMI is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: KMI is good value based on its PB Ratio (1.3x) compared to the US Oil and Gas industry average (2.1x).


Future Growth

How is Kinder Morgan forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

13.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KMI's forecast earnings growth (13.8% per year) is above the savings rate (2%).

Earnings vs Market: KMI's earnings (13.8% per year) are forecast to grow faster than the US market (13% per year).

High Growth Earnings: KMI's earnings are forecast to grow, but not significantly.

Revenue vs Market: KMI's revenue is expected to decline over the next 3 years (-4.4% per year).

High Growth Revenue: KMI's revenue is forecast to decline over the next 3 years (-4.4% 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 (9.6%).


Past Performance

How has Kinder Morgan performed over the past 5 years?

21.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KMI has a large one-off loss of $1.7B impacting its December 31 2021 financial results.

Growing Profit Margin: KMI's current net profit margins (10.7%) are higher than last year (0.9%).


Past Earnings Growth Analysis

Earnings Trend: KMI's earnings have grown significantly by 21.4% per year over the past 5 years.

Accelerating Growth: KMI's earnings growth over the past year (1583%) exceeds its 5-year average (21.4% per year).

Earnings vs Industry: KMI earnings growth over the past year (1583%) exceeded the Oil and Gas industry 17.4%.


Return on Equity

High ROE: KMI's Return on Equity (5.8%) is considered low.


Financial Health

How is Kinder Morgan's financial position?


Financial Position Analysis

Short Term Liabilities: KMI's short term assets ($3.8B) do not cover its short term liabilities ($5.8B).

Long Term Liabilities: KMI's short term assets ($3.8B) do not cover its long term liabilities ($32.7B).


Debt to Equity History and Analysis

Debt Level: KMI's net debt to equity ratio (100.8%) is considered high.

Reducing Debt: KMI's debt to equity ratio has reduced from 115.3% to 104.4% over the past 5 years.

Debt Coverage: KMI's debt is not well covered by operating cash flow (17.1%).

Interest Coverage: KMI's interest payments on its debt are well covered by EBIT (3x coverage).


Balance Sheet


Dividend

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

6.22%

Current Dividend Yield


Upcoming Dividend Payment

TodayJan 24 2022Ex Dividend DateJan 28 2022Dividend Pay DateFeb 15 202218 days from Ex DividendBuy in the next 3 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: KMI's dividend (6.22%) is higher than the bottom 25% of dividend payers in the US market (1.37%).

High Dividend: KMI's dividend (6.22%) is in the top 25% of dividend payers in the US market (3.6%)


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 (137.2%), 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 (95.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Steve Kean (59 yo)

6.58yrs

Tenure

US$1

Compensation

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 ($USD1.00) is below average for companies of similar size in the US market ($USD11.47M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: KMI's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: KMI's board of directors are seasoned and experienced ( 10.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: KMI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Kinder Morgan, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Kinder Morgan, Inc.
  • Ticker: KMI
  • Exchange: NYSE
  • Founded: NaN
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Implied Market Cap: US$39.385b
  • Shares outstanding: 2.27b
  • Website: https://www.kindermorgan.com

Number of Employees


Location

  • Kinder Morgan, Inc.
  • 1001 Louisiana Street
  • Suite 1000
  • Houston
  • Texas
  • 77002
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 23:15
End of Day Share Price2022/01/21 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.