Stock Analysis
Kinder Morgan, Inc.KMI
P/E 21.97×· 5Y range 14.46–43.82×· 65th percentile of history
Sector: Utilities · Industry: Natural Gas Transmission
AnalystsBuy28 analystsP/E 22.0× sits at the 65th percentile of its 5.086926762491444-year history.
Cash covers 0% of debt · Q2 2026.
PMP Verdict
Mixed fundamentals, fairly valued
Strengths
- Quality81
- Profitability62
Risks
- Financial Health26
Mixed picture — no clear quality or value edge.
Market context
+4.2% today· Z 2.2σ· KMI surged 3.4% as investors position ahead of upcoming Q3 earnings and high dividend yield focus.
Bull Case
- ✓Piotroski F-Score 7/9 — high earnings quality
Why is KMI moving?
EarningsKMI surged 3.4% as investors position ahead of upcoming Q3 earnings and high dividend yield focus.
Profile
Strong earnings quality; financial health and valuation lag behind.
How is each axis scored?
- Valuation49/100 · Weak
- P/E vs own history (65th pct)5/25
- FCF yield (4.2%)12/25
- P/S (4.2x)20/25
- EV/EBIT (20.6x)12/25
- Growth58/100 · Moderate
- Revenue CAGR (0.5%)6/25
- Net income CAGR (14.4%)20/25
- EPS CAGR 5Y (15.0%)20/25
- Fwd implied growth (8.0%)12/25
- Profitability62/100 · Moderate
- ROIC (6.3%)5/25
- ROE (10.5%)12/25
- Net margin (19.3%)20/25
- Operating margin (29.0%)25/25
- Financial Health26/100 · Weak
- Altman Z (1.11)3/25
- Current ratio (0.46)0/25
- Interest coverage (5.4x)18/25
- Net cash / debt (D/A 44%)5/25
- Quality81/100 · Strong
- Piotroski F (7/9)22/25
- Beneish M (-2.56)25/25
- FCF conversion (91%)22/25
- Margin stability (σ 8.7%)12/25
- Moat62/100 · Moderate
- ROIC >12% years (0/10 yrs)0/25
- Median gross margin (64.6%)25/25
- FCF-positive years (10/10 yrs)25/25
- Worst-year net margin (worst 1.0%)12/25
Risk Flags
- ⚠Altman Z 1.1 — distress-zone balance sheet
About Kinder Morgan, Inc.
Kinder Morgan operates natural gas, crude oil, and refined products pipelines connecting producing regions to demand centers. Show more
It is principally involved in the gathering, storage, and transmission of natural gas across the continental United States. It also operates distribution centers for refined products along with the largest fleet of Jones Act-compliant tankers.
Headquarters: HOUSTON, TX · Employees: 11,028 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
49D+P/E (TTM)21.7xB
Grade B: FairPrice / TTM EPS (own statements) — vs own 5Y history: 14.5x–43.8x · 65th pct
P/FCF22.2xB
Grade B: FairPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative · Elevated investment — CapEx = 52% of operating cash flow, weighing on reported FCF
FCF Yield4.2%C
Grade C: LowTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 3.6%–12.9% · 9th pct · Elevated investment — CapEx = 52% of operating cash flow, weighing on reported FCF
P/S (TTM)4.19xB
Grade B: FairPrice / TTM Revenue (own statements) — vs own 5Y history: 1.9x–4.6x · 96th pct
EV/EBIT20.6xC
Grade C: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 15.7x–37.8x · 62nd pct
EV/Sales5.9xC
Grade C: ExpensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E20.1xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio2.29xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio1.84B
Grade B: FairFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield3.58%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio75.8%C
Grade C: HighDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Elevated investment: Elevated investment — CapEx = 52% of operating cash flow, weighing on reported FCF
Profitability
62BROIC6.3%D
Grade D: LowNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE10.5%C
Grade C: AverageReturn on Equity. Neg. equity = heavy buybacks
ROA4.8%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin19.3%A
Grade A: HighNet Income / Revenue
Operating Margin29.0%A
Grade A: HighTTM EBIT / TTM Revenue
Gross Margin29.0%D
Grade D: LowGross Profit / Revenue
FCF Margin17.6%A
Grade A: HighFCF / Revenue · Elevated investment — CapEx = 52% of operating cash flow, weighing on reported FCF
True FCF Margin17.6%A
Grade A: HighTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost · Elevated investment — CapEx = 52% of operating cash flow, weighing on reported FCF
Growth
58CRevenue CAGR0.5%D
Grade D: LowCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR14.4%C
Grade C: OkCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)15.0%C
Grade C: OkCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth8.0%B
Grade B: LowAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)-1.6%B
Grade B: FlatShare count change over 5Y
SBC / Net Income—
Stock-based comp/Net income. >30% = dilution risk
SBC / Revenue—
TTM stock-based comp / TTM Revenue
Financial Health
26EAltman Z-Score1.11D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio0.46xD
Grade D: LowCurrent Assets/Liabilities
Quick Ratio0.46xD
Grade D: Low(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage5.4xC
Grade C: OkEBIT/Interest. >10 Strong
Debt Repayment10.2yD
Grade D: SlowYears to repay net debt via FCF · Elevated investment — CapEx = 52% of operating cash flow, weighing on reported FCF
Net Debt/EBIT6.2xD
Grade D: HighLeverage. <2x Low, >4x High
Debt/Equity0.99xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.00xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
81APiotroski F-Score7/9A
Grade A: StrongFinancial strength 0–9. >7 Strong
Beneish M-Score-2.56A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion91.1%A
Grade A: StrongFCF / Net Income · Elevated investment — CapEx = 52% of operating cash flow, weighing on reported FCF
Margin Stability8.7%C
Grade C: AverageEBIT margin std deviation. Lower = stable
Capex / Revenue18.9%D
Grade D: HeavyTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.25xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Garthwaite Michael P. Filed | Garthwaite Michael P. | SellOpen market sale | -1550 | |
Garthwaite Michael P. Filed | Garthwaite Michael P. | SellOpen market sale | -1550 | |
Michels David Patrick Filed | Michels David Patrick | Option exercise | -121528 | |
Michels David Patrick Filed | Michels David Patrick | Tax withholding | -47573 | |
Michels David Patrick Filed | Michels David Patrick | Option exercise | +121.5K |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Sanders Dax Filed | Sanders Dax | Option exercise | -130209 | |
Sanders Dax Filed | Sanders Dax | Tax withholding | -51238 | |
Sanders Dax Filed | Sanders Dax | Option exercise | +130.2K |
Option exercise (M) rows report a derivative leg, not an open-market sale — a paired negative entry is the option position being consumed.
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
62BROIC >12% Years0/10 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)64.6%A
Grade A: DurableMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years10/10 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor1.0%C
Grade C: ModerateWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$1.56
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$0.04
Cash & short-term investments per share (Finnhub)
Book Value / Share$14.22
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$32.42B
Total debt obligations (short + long term)
Cash & Equiv.$91.00M
Cash and short-term investments
Net Debt$32.33B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$32.88B
Shareholders' equity (book value)
Asset / Liability1.80xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$75.23B
Current Market Capitalization
Beta0.60B
Grade B: DefensivePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Kinder Morgan, Inc. (KMI)
KMI is up 4.20% at the last close — KMI surged 3.4% as investors position ahead of upcoming Q3 earnings and high dividend yield focus.. Kinder Morgan, Inc. meets 7 of 9 Piotroski F-Score criteria, placing its fundamental strength in the top tier of US-listed stocks. Altman Z-Score of 1.11 is below the 1.81 distress threshold — an elevated financial-risk flag. Beneish M-Score of -2.56 suggests a low likelihood of earnings manipulation.
- Kinder Morgan, Inc. converts about 18% of revenue into free cash flow — strong cash generation.
- Takes ~10.2 years to repay net debt from free cash flow.
- The stock currently yields 3.6% in dividends.
See how KMI ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all KMI moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 16 | Regular | 34.07 | +3.79% | 2.93 |
| Oct 16 | After-hours | 33.78 | +2.94% | 2.25 |
| Oct 6 | Regular | 32.27 | +2.72% | 2.44 |
| Oct 6 | After-hours | 32.13 | +2.29% | 2.07 |
Frequently Asked Questions about KMI
What is the current Kinder Morgan, Inc. (KMI) stock price?
KMI is trading at $34.20 at the last market close, up 4.20% on the session. PreMarketPrice tracks KMI pre-market, intraday and after-hours prices.
Is KMI stock a buy right now?
PreMarketPrice's quantitative model rates Kinder Morgan, Inc.'s financial health at 26/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is KMI stock overvalued?
Kinder Morgan, Inc. trades at a trailing P/E of 21.7 and our valuation score rates it 49/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Kinder Morgan, Inc. report earnings?
No confirmed earnings date is currently scheduled for KMI. The Earnings section lists recent reports and updates as dates are announced.
What sector does Kinder Morgan, Inc. operate in?
Kinder Morgan, Inc. operates in the Utilities sector, within the Natural Gas Transmission industry. The Related Stocks section lists sector peers for comparison.
What does Kinder Morgan, Inc. do?
Kinder Morgan operates natural gas, crude oil, and refined products pipelines connecting producing regions to demand centers.
About Kinder Morgan, Inc. (KMI) Stock
Kinder Morgan, Inc. (KMI) is a US-listed stock operating in the Utilities sector, specifically the Natural Gas Transmission industry. As of the latest update, Kinder Morgan, Inc. is trading at $34.20, up 4.20% on the day with a market capitalization of $75.2 billion. The financial health score for KMI is 26/100, which indicates poor financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for KMI stock.
KMI Stock Analysis & Key Metrics
On PreMarketPrice, you can track Kinder Morgan, Inc. (KMI) across multiple dimensions:
- Pre-market price & movement: Real-time KMI stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for KMI with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Kinder Morgan, Inc. across multiple reporting periods.
- Financial health score: A composite score of 26/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for KMI.
- Sector peers: Compare KMI against 6 other utilities stocks on key financial metrics.
Is KMI a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Kinder Morgan, Inc. (KMI) as an investment. The financial health score of 26/100 suggests poor financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Kinder Morgan, Inc. (KMI) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.