KMI

Kinder MorganNYSE · Oil & Gas Storage & Transportation · Energy

Previous close

33.87

Change

−0.10 / −0.29%

FinDog View

Bullish

52-Week Range ?

25.60 – 34.81

P/E (TTM) ?

21.0

Forward P/E ?

20.1

Based on consensus earnings for the next 12 months

Market Cap

$75.1B

+12.34%

S&P 500 −0.91% over same period

Volume / Avg Volume

14.8M / 17.4M

0.85× average

Latest earnings analysisFY2026 Q3Reported 2026-10-21

Kinder Morgan Q3 FY2026: record quarter, $0.35 adjusted EPS

Kinder Morgan delivered a record third quarter and beat the $0.326 consensus with $0.35 of adjusted EPS, which supports a Bullish view of a franchise now carried mostly by fee-based gas contracts. Read it in two layers: the income statement shows steady improvement, while the $14.4 billion project backlog is where future cash flow sits — and it does not arrive until 2029 and 2030.

Read the full analysis →

Revenue$4.18BYoY +0.90%

EPS (non-GAAP)$0.35Beatest. $0.33

Next-day move−0.74%

Price History

Closing price · USD1M 6M 1Y 5Y

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 22.01M 6M 1Y 5Y

Recent Earnings

Click to read the FinDog analysis

Period	Reported	Revenue	EPS Actual / Est.	Next-Day Move	Analysis
FY2026 Q3 Quarter ended 2026-09	2026-10-21	$4.2B	0.35 / 0.33	−0.74%	Read analysis →
FY2026 Q2 Quarter ended 2026-06	2026-07-22	$4.1B	0.37 / 0.33	+0.86%	Read analysis →
FY2026 Q1 Quarter ended 2026-03	2026-04-22	$4.5B	0.48 / 0.40	−0.25%	Pending
FY2025 Q4 Quarter ended 2025-12	2026-01-21	$15.2B	0.39 / 0.37	+3.88%	Pending
FY2025 Q3 Quarter ended 2025-09	2025-10-22	$3.7B	0.29 / 0.29	−4.75%	Pending
FY2025 Q2 Quarter ended 2025-06	2025-07-16	$3.6B	0.28 / —	−1.50%	Pending
FY2025 Q1 Quarter ended 2025-03	2025-04-16	$3.9B	0.34 / —	+0.56%	Pending

Next Earnings

Date and consensus from the earnings calendar; the analysis is generated automatically after the releaseEarnings Calendar →

Report date

2027-01-19

in 79 days · After hours

Consensus EPS

$0.39

Last quarter EPS $0.35

Avg. next-day move over the last 7 reports

±1.8%

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data

Valuation

P/E is at percentile 36 of its 5-year rangeMid-range

5-year range 15.9 – 24.8 · Median 22.0

Last 4 quarters: $0 in buybacks + $2.6B in dividends, 3.51% of market cap combined

P/E (TTM)

21.0

P/B

2.4

P/S

4.1

Dividend Yield

6.51%

Earnings Reaction

Over the last 7 reports, the stock moved ±1.8% on average on the first trading day after, rising 3 times

Most recent −0.74%

Volatility & Correlation

1-year beta -0.20 · Correlation with S&P 500 -0.12Low beta

Annualized volatility 21% vs. 13% for the S&P 500

Insider Trading

View all →

Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions

Buy 0 · $0.00MSell 3 · $0.15MNet selling $0.15M

10-16Garthwaite Michael P.VP (Pres., Products Pipelines)Sell$0.05M1,550 shares · Avg price 33.65
09-16Garthwaite Michael P.VP (Pres., Products Pipelines)Sell$0.05M1,550 shares · Avg price 30.80
08-17Garthwaite Michael P.VP (Pres., Products Pipelines)Sell$0.05M1,550 shares · Avg price 32.65

Multi-Quarter Financial Trends

View all quarters →

Last 12 quarters · As reported by the company

Quarter	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Free Cash Flow ($B)	EPS
FY2026 Q3	4.19	+12.4%	—	1.16	0.76	0.55	0.34
FY2026 Q2	4.10	+13.6%	—	1.35	0.87	0.98	0.39
FY2026 Q1	4.45	+15.3%	—	1.44	0.98	0.69	0.44
FY2025 Q4	4.01	+12.3%	—	1.36	1.00	0.87	0.45
FY2025 Q3	3.72	+13.2%	—	1.06	0.63	0.62	0.28
FY2025 Q2	3.61	+12.2%	—	1.15	0.72	1.00	0.32
FY2025 Q1	3.86	+13.3%	—	1.15	0.72	0.40	0.32
FY2024 Q4	3.57	+0.2%	—	1.11	0.67	0.74	0.30
FY2024 Q3	3.29	−7.0%	—	1.02	0.63	0.59	0.28
FY2024 Q2	3.21	+3.6%	—	1.04	0.58	1.11	0.26
FY2024 Q1	3.41	−1.0%	—	1.22	0.75	0.57	0.33
FY2023 Q4	3.57	−14.2%	—	1.10	0.59	1.69	0.26

Peers

Largest by market cap in the sector · Latest quarterView Energy sector →

Ticker	Company	Market Cap	P/E	Revenue YoY	Gross Margin	1M	View
KMI	Kinder Morgan	$75.1B	21.0	+12.4%	—	+12.34%	Bullish
XOM	ExxonMobil	$753B	22.6	+42.3%	—	+15.05%	Neutral	Compare
CVX	Chevron Corporation	$465B	22.6	+51.4%	45.5%	+15.33%	Bullish	Compare
COP	ConocoPhillips	$184B	19.7	+43.3%	62.9%	+23.08%	Bullish	Compare
MPC	Marathon Petroleum	$124B	14.2	+53.8%	17.2%	+12.47%	Neutral	Compare
VLO	Valero Energy	$121B	15.4	+43.3%	20.4%	+3.11%	Bullish	Compare
PSX	Phillips 66	$109B	15.0	+46.4%	19.2%	+10.78%	Bullish	Compare
WMB	Williams Companies	$87.7B	29.6	+0.0%	—	+9.39%	Neutral	Compare
EOG	EOG Resources	$86.6B	12.6	+57.4%	—	+20.17%	Bullish	Compare

The View in One Line

Net income $764M, up 21.7% YoY, adjusted EPS beat by 7.4%, leverage down to 3.5x, record backlog; but faster capex means free cash flow no longer covers the dividend.

Updated 2026-10-30

View History

09-17Neutral → Bullish
Adjusted EPS of 0.37 beat by ~13%, net income hit a same-quarter record, full-year guidance raised, leverage at low end of target; revenue growth is modest, profit driven by rates and projects.

Notable Institutional Holders

Citadel Advisors · Ken Griffin$84.3MAdded +373%
Renaissance Technologies$42.0M
Bridgewater Associates · Ray Dalio$2.6MReduced −30%

As of 2026-06-30

ETFs holding it

XLE Energy Select Sector SPDR Fund3.11%
MTUM iShares MSCI USA Momentum Factor ETF0.32%
VYM Vanguard High Dividend Yield ETF0.26%
VTV Vanguard Value ETF0.23%
RSP Invesco S&P 500 Equal Weight ETF0.20%
SPY SPDR S&P 500 ETF Trust0.10%
VOO Vanguard S&P 500 ETF0.10%
IVV iShares Core S&P 500 ETF0.10%

Weights estimated at latest prices

Key Events

08-03Capital Actions
Kinder Morgan Issues $1.75 Billion in Senior Notes
On July 28, 2026, Kinder Morgan entered into an underwriting agreement to issue $1.15 billion of 5.550% notes due 2036 and $600 million of 6.150% notes due 2056.Source ↗
05-28Capital Actions
Kinder Morgan Amends $3.5 Billion Revolving Credit Agreement
On May 21, 2026, Kinder Morgan extended the maturity of its $3.5 billion revolving credit facility to May 21, 2031 and increased the swingline loan amount to $400 million.Source ↗
05-19Governance
Kinder Morgan Annual Shareholder Meeting Completes Director Elections and Auditor Ratification
On May 13, 2026, Kinder Morgan shareholders elected 11 directors, ratified PwC as 2026 auditor, and passed an advisory vote on executive compensation.Source ↗
04-22Management Change
Kinder Morgan COO to Retire; Grubb to Succeed
Kinder Morgan announced that Chief Operating Officer James E. Holland will retire on September 4, 2026, and that Vice President and Chief Project Officer Kenneth W. Grubb will succeed him in the role.Source ↗

Key Financial Trends

Quarterly Revenue ($B)4.2

Free Cash Flow ($B)0.5