Kinder Morgan Inc - Ordinary Shares - Class P

Kinder Morgan Inc - Ordinary Shares - Class P

KMI

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Market Cap$71.66B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Kinder Morgan Inc - Ordinary Shares - Class PKinder Morgan Inc - Ordinary Shares - Class P20.63.65%11%41

Earnings Call Q2 2026

July 22, 2026 - AI Summary

Strong Q2 and raised 2026 guidance (beat both budget and prior year) - Adjusted EBITDA up 12% YoY; adjusted EPS up 32% YoY. - Every business segment contributed positively in the quarter. - 2026 outlook raised: now expects full-year adjusted EBITDA at least 5% above the 2026 budget and adjusted EPS at least 12% above the original budget (implying ~$430M+ of incremental EBITDA contribution).
Natural gas demand thesis remains very strong; supports large expansion pipeline - Management highlighted volume growth: Natural gas transport volumes +7% YoY and gathering volumes +26% YoY (KinderHawk +54%). - Market demand backdrop: Wood Mackenzie expects U.S. gas demand to exceed 160 Bcf/d by 2035 (~+46 Bcf/d vs. 2025), driven mainly by LNG export growth and power generation demand. - They see incremental opportunity to serve 10+ Bcf/d (power) and ~3 Bcf/d (LNG) via additional projects.
CapEx + FID cadence: backlog stayed resilient; “shadow” pipeline expected to convert later in 2026 - Backlog declined from ~$10.1B to ~$9.6B mainly because >$650M placed into service, partially offset by ~$200M new additions. - Board contingently approved nearly ~$400M of projects not yet in backlog (in advanced contract negotiations), implying a near-offset to the quarter’s backlog decline. - Management expects adding significant projects from a $10B+ opportunity set before year-end, likely more than offsetting about $1B of projects expected to be placed into service in 2H’26. - Several key gas expansion projects progressing on schedule: - Mississippi Crossing and South System Expansion 4: received final FERC environmental impact statement in June; expect FERC certificate by end of this month. - Trident: ~60% complete. - Expectation of FIDs in 2026 back half; also, for specific projects: they indicated documents “nearly ready” for Western Gateway with an expected FID in ~1–2 months (per Q&A).

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Target Price by Analysts

21.2% upsideKinder Morgan Target Price DetailsTarget Price
$46.47

Current Fair Value

44.4% upside

Undervalued by 44.4% based on the discounted cash flow analysis.

Share Statistics

Market cap$71.66 Billion
Enterprise Value$104.70 Billion
Dividend Yield$1.18 (3.65%)
Earnings per Share$1.37
Beta0.53
Outstanding Shares2,225,000,000

Return

Return on Equity10.96%ROE
Return on Assets4.68%
Return on Invested Capital7.52%

Valuation & Multiples

P/E Ratio20.63P/E Ratio
PEG-9.31PEG
Price to Sales4.02Price to Sales
Price to Book Ratio2.3Price to Book Ratio
Enterprise Value to Revenue5.83
Enterprise Value to EBIT19.71
Enterprise Value to Net Income30
Total Debt to Enterprise0.32
Debt to Equity1.05Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 24, 2026
EPS Estimate
-
Average shareholder expectation
Revenue Estimate
-
Average shareholder expectation

Next Earnings Call

Expected Date
October 28, 2026
EPS Estimate
$0.33
Average shareholder expectation
Revenue Estimate
$4.39 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000 63.72%
Total Calls- 100.00%
Total Puts- 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %5.00% 62.41%
Total Invested$3.54B 92.96%
Investors Holding814 1073.00%

ESG Score

No data

About Kinder Morgan Inc

11,012 employees
CEO: Steven Kean

Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transpor...

Relevant Senate Committees

Joint Committee on Taxation

Provides official revenue estimates and technical analysis for all tax legislation. Its work is critical in shaping tax policy that directly affects KMI's corporate tax burden and financial planning.

Finance

Controls federal taxation, trade, and entitlement spending. Tax policy (corporate tax rates, deductions, energy-specific credits) directly impacts KMI's profitability, capital investment, and overall financial health.

Appropriations

Allocates federal discretionary spending. Its decisions on funding for energy infrastructure projects, regulatory bodies, and environmental initiatives directly affect KMI's operating environment and potential for government-backed projects.

Energy and Natural Resources

Directly oversees national energy policy, public lands (crucial for pipeline rights-of-way), and oil/gas leasing regulations, all of which directly impact KMI's operations and strategic development.

Environment and Public Works

Directly regulates the EPA and environmental policy, setting standards for emissions, spills, and impact assessments crucial for KMI's pipeline and terminal operations and expansion projects.