Kinder Morgan, Inc. (KMI) Stock Price & Analysis
Kinder Morgan, Inc. (KMI) closed at USD 33.72 on Thursday, October 22, 2026, down 0.74% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 33.97; the Oct 22, 2026 session ranged USD 32.46–34.6 on volume of 31,388,580 shares. Market capitalization is $75.09B, with a 52-week range of USD 25.6–34.81 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:48 UTC.
Also available as compact Markdown for AI agents: nexqual.com/KMI.md
Latest Earnings Results (KMI)
Kinder Morgan, Inc. (KMI) reported Q3 2026 results on Oct 21, 2026, 4:10:58 PM ET: adjusted EPS $0.35 vs. estimate $0.33 (beat), revenue $4.53B vs. estimate $4.38B (beat). Guidance: KMI expects to be more than 6% favorable to budget on an Adjusted EBITDA basis and more than 13% favorable to budget on an Adjusted EPS basis for 2026. Source: SEC 8-K filing. Nexqual published it 3 min 14 s after release. Read the SEC filing.
| Fiscal period | EPS (reported) | Revenue | Released | Source |
|---|---|---|---|---|
| Q3 2026 | $0.35 (adjusted (non-GAAP) diluted) | $4.53B | Oct 21, 2026, 4:10:58 PM ET · on Nexqual +3 min 14 s | SEC 8-K filing |
Reported actuals captured by Nexqual from SEC 8-K filings and company press releases; each figure confirmed by two independent extraction methods.
Key facts (KMI)
- Last four reported quarters (through Jun 30, 2026): revenue $18.0B, net income $3.47B (19.3% margin), free cash flow $3.16B (SEC filings).
- Valuation: P/E 21.7x (avg 19.9x at the last 3 fiscal year-ends), EV/EBITDA 13.9x, net debt $32.2B.
- Insider open-market sales, last ~7 months: 11 Form 4 filings, $1.1M; 0 not under a Rule 10b5-1 plan ($0K); 4 by opportunistic insiders (0 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.38 on a 1–5 scale) (24 analysts), mean target USD 37 (range 32–43).
- Total return with dividends: 1Y +33.6% vs S&P 500 +14.9%; 5Y +150.1% vs S&P 500 +80.3%.
- Next earnings: 2026-10-21, EPS estimate USD 0.39, revenue estimate $4.55B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (KMI)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $16.6B | $19.2B | $15.3B | $15.1B | $16.9B | $18.0B |
| Gross profit | $10.1B | $9.95B | — | — | — | — |
| Operating income | $2.92B | $4.07B | $4.26B | $4.38B | $4.72B | $5.22B |
| Net income | $1.78B | $2.55B | $2.39B | $2.61B | $3.06B | $3.47B |
| EPS (diluted) | $0.78 | $1.12 | $1.06 | $1.17 | $1.37 | — |
| Free cash flow | $4.43B | $3.35B | $4.17B | $3.01B | $2.89B | $3.16B |
| Gross margin | 60.9% | 51.8% | — | — | — | — |
| Operating margin | 17.6% | 21.2% | 27.8% | 29.0% | 27.9% | 29.0% |
| Net margin | 10.7% | 13.3% | 15.6% | 17.3% | 18.0% | 19.3% |
| Revenue growth | +42.0% | +15.6% | -20.1% | -1.5% | +12.2% | — |
| Cash + short-term investments | — | — | $83.0M | $88.0M | $63.0M | — |
| Total debt | $33.3B | $31.8B | $32.1B | $31.9B | $32.0B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (KMI)
P/E 21.7x · P/S 4.2x · EV/EBITDA 13.9x · EV/Sales 6.0x · P/FCF 23.8x · P/B 2.4x · FCF yield 4.21% · Earnings yield 4.62% · Dividend yield (paid, TTM) 3.50% · Net debt $32.2B · EV $107B
P/E at fiscal year-ends: Dec 2025 20.0x, Dec 2024 23.3x, Dec 2023 16.5x.
Insider sales (SEC Form 4, open-market, last ~7 months) (KMI)
11 of 11 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-16 | Garthwaite Michael P. | VP (Pres., Products Pipelines) | 1,550 | $52K | 3.2% | Yes (adopted December 9, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-09-16 | Garthwaite Michael P. | VP (Pres., Products Pipelines) | 1,550 | $48K | 3.1% | Yes (adopted December 9, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-08-17 | Garthwaite Michael P. | VP (Pres., Products Pipelines) | 1,550 | $51K | 3% | Yes (adopted December 9, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-07-16 | Garthwaite Michael P. | VP (Pres., Products Pipelines) | 1,550 | $50K | 2.9% | Yes (adopted December 9, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-07-06 | Schlosser John W | V.P. (President, Terminals) | 6,166 | $197K | 3.6% | Yes (adopted May 7, 2025) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-16 | Garthwaite Michael P. | VP (Pres., Products Pipelines) | 1,550 | $49K | 3.6% | Yes (adopted December 9, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-06-05 | Schlosser John W | V.P. (President, Terminals) | 6,166 | $196K | 3.5% | Yes (adopted May 7, 2025) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-18 | Garthwaite Michael P. | VP (Pres., Products Pipelines) | 1,550 | $52K | 3.5% | Yes (adopted December 9, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-05-05 | Schlosser John W | V.P. (President, Terminals) | 6,166 | $200K | 3.4% | Yes (adopted May 7, 2025) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-04-16 | Garthwaite Michael P. | VP (Pres., Products Pipelines) | 1,550 | $49K | 3.3% | Yes (adopted December 9, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-04-06 | Schlosser John W | V.P. (President, Terminals) | 6,166 | $203K | 3.3% | Yes (adopted May 7, 2025) | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (KMI)
Consensus Buy (mean 2.38 on a 1–5 scale), 24 analysts; mean target USD 37 (low 32, high 43).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Jefferies | Target raised | Hold | $33 → $37 |
| 2026-10-22 | Freedom Broker | Upgrade | Hold → Buy | $34 → $39 |
| 2026-10-22 | BMO Capital | Target raised | Outperform | $36 → $37 |
| 2026-10-22 | Wells Fargo | Target raised | Overweight | $36 → $39 |
| 2026-10-22 | TD Cowen | Target raised | Buy | $38 → $40 |
| 2026-10-22 | Mizuho | Target raised | Outperform | $37 → $39 |
| 2026-09-22 | RBC Capital | Target raised | Sector Perform | $35 → $36 |
| 2026-09-18 | Jefferies | Target lowered | Hold | $35 → $33 |
| 2026-07-23 | Wells Fargo | Target raised | Overweight | $35 → $36 |
Total return (dividends reinvested) (KMI)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +33.6% | +150.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +33.8% | +20.1% |
| Volatility (annualized) | 20.9% | 24.0% |
| Max drawdown | -11.3% (May 2026→Sep 2026) | -19.5% (May 2022→Jun 2022) |
KMI revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Natural Gas Pipelines | $2.51B | 56.0% | +5.1% |
| Products Pipelines | $852.0M | 19.0% | +35.2% |
| CO2 | $387.0M | 8.6% | +52.4% |
| Terminals | $360.0M | 8.0% | +5.0% |
| Total revenue | $4.48B | 100% | — |
KMI revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Services | $2.46B | 54.9% | +5.6% |
| — Commodity sales (part of Services) | $1.09B | 24.3% | -0.1% |
| — Firm Services (part of Services) | $1.08B | 24.1% | +5.9% |
| — Product Other Than Natural Gas (part of Services) | $287.0M | 6.4% | +36.0% |
| Total Services Revenue | $1.42B | 31.7% | +9.4% |
| Natural Gas Sales | $799.0M | 17.8% | -8.2% |
| Feebasedservices | $343.0M | 7.7% | +22.1% |
| Other | $43.0M | 1.0% | -10.4% |
| Other Commodity | $1.0M | 0.0% | -85.7% |
| Total revenue | $4.48B | 100% | — |
KMI revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $16.93B | 99.9% | +12.4% |
| Mexico | $11.0M | 0.1% | -74.4% |
| Total revenue | $16.94B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
KMI suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Freeport LNG Marketing | “repurchase natural gas from Freeport given our declaration of force majeure during the storm and our compliance with emergency orders issued by the Railroad Commission of Texas providing heightened priority for the delivery of gas to human needs customers.” |
Quoted from the company's 10-K filed Feb 13, 2026.
Companies that name KMI in their SEC reports
| Relationship to KMI | Company | Filing | Sentence |
|---|---|---|---|
| partner | Energy Transfer LP (ET) | 10-K Feb 19, 2026 | “FGT is owned by Citrus, a 50/50 joint venture with Kinder Morgan, Inc.” |
KMI company outlook (results filed Oct 21, 2026)
- “KMI currently expects to be more than 6% favorable to budget on an Adjusted EBITDA basis and more than 13% favorable to budget on an Adjusted EPS basis for the year.”
- “KMI also expects to end the year with a Net Debt-to-Adjusted EBITDA ratio of 3.6 times, which is 0.2 times favorable to KMI's budget.”
Quoted word-for-word from the SEC 8-K results press release.
KMI analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $0.39 | $0.39 | -1.6% | $4.55B | 15 |
| Next quarter (ends Mar 2027) | $0.43 | $0.42 | +2.7% | $4.86B | 9 |
| Current fiscal year (ends Dec 2026) | $1.56 | $1.54 | +1.6% | $18.41B | 19 |
| Next fiscal year (ends Dec 2027) | $1.58 | $1.52 | +4.0% | $18.70B | 20 |
Key Statistics (as of October 23, 2026 at 09:48 UTC)
| Price | USD 33.72 |
|---|---|
| Change | ▼ 0.74% (down) |
| Previous Close | USD 33.97 |
| Open | USD 34.3 |
| Day Range | USD 32.46 – 34.6 |
| 52-Week Range | USD 25.6 – 34.81 |
| Volume | 31,388,580 shares |
| Market Cap | $75.09B |
| Exchange | NYQ |
Technical Analysis (KMI)
Nexqual's technical model rates KMI "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 23, 2026 at 09:48 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 61.62 (neutral) |
| vs SMA50 | Above (USD 31.86) |
| MACD | 0.65 (positive) |
Analyst Ratings (KMI)
Wall Street analysts rate KMI "Buy" based on 24 analysts, with a mean price target of USD 37 (range USD 32–43), per Nexqual as of October 23, 2026 at 09:48 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 24 |
| Mean Target | USD 37 |
| High Target | USD 43 |
| Low Target | USD 32 |
| Buy / Hold / Sell | 13 / 11 / 0 |
Earnings (KMI)
| Next Earnings Date | 2026-10-21 |
|---|---|
| EPS Estimate | USD 0.39 |
| Revenue Estimate | $4.55B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 0.35 vs est 0.33 ▲ beat |
| 2026-06-30 | USD 0.37 vs est 0.31 ▲ beat |
| 2026-03-31 | USD 0.48 vs est 0.39 ▲ beat |
| 2025-12-31 | USD 0.39 vs est 0.37 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Financials & Fundamentals (KMI)
| Total Revenue | $17.96B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +10.80% |
| Gross Margin | +49.41% |
| Operating Margin | +30.06% |
| Profit Margin | +19.30% |
| ROE | +10.99% |
| Debt / Equity | 0.99 |
| Current Ratio | 0.46 |
| Total Cash | $91.00M |
| Total Debt | $32.43B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $3.16B (17.6% of revenue) |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Financial Health Score (KMI)
Nexqual rates Kinder Morgan, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:48 UTC.
| Growth | Solid — Revenue +12% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 49%, operating 30% (last 12 months) |
| Balance Sheet | Weak — $89M cash and investments vs $32.2B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $3.16B (last 4 quarters to Jun 2026, SEC), 18% margin |
| Efficiency | Mixed — ROE 11%, ROA 4.5% |
Ownership (KMI)
| Insider Ownership | +12.70% |
|---|---|
| Institutional Ownership | +70.61% |
| Shares Outstanding | 2.23B |
| Float | 1.94B |
| Short % of Float | +2.38% |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Leadership (KMI)
Kinder Morgan, Inc. is led by Kimberly Allen Dang, CEO & Director, per Nexqual as of October 23, 2026 at 09:48 UTC.
| CEO & Director | Kimberly Allen Dang |
|---|---|
| Executive Chairman of the Board | Richard D. Kinder |
| President | Dax A. Sanders |
| VP & CFO | David Patrick Michels |
| VP & President of Terminals | John W. Schlosser |
Major Backers & Investors (KMI)
Notable institutional backers of Kinder Morgan, Inc. include Bank of America Corporation, SELECT SECTOR SPDR TRUST-State Street Energy Select Sector SPDR ETF, NORGES BANK, according to Nexqual as of October 23, 2026 at 09:48 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Bank of America Corporation | 2.76% |
| SELECT SECTOR SPDR TRUST-State Street Energy Select Sector SPDR ETF | 1.83% |
| NORGES BANK | 1.69% |
| JPMorgan | 1.46% |
| Morgan Stanley | 1.37% |
| Charles Schwab Investment Management, Inc. | 1.34% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 8.69% |
| BlackRock | 7.9% |
| State Street | 5.88% |
| Geode Capital | 2.5% |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Legal & Regulatory Risks from Kinder Morgan, Inc.'s Latest 10-K (filed 2026-02-13)
- The FERC or state public utility commissions, such as the CPUC, may establish pipeline tariff rates that have a negative impact on us. In addition, the FERC, state public utility commissions, or our customers could initiate proceedings or file complaints challenging the tariff rates charged by our pipelines, which could have an adverse impact on us.
- Our existing rates may also be challenged by complaint or protest.
- New or amended laws, policies, regulations and oversight requirements, and compliance complexity resulting from disparities in requirements imposed by federal, state, and local authorities, could adversely impact our earnings, cash flows, and operations.
- Future administrations, court decisions, or state-level initiatives could reverse or tighten standards or result in enhanced requirements, creating uncertainty and volatility in compliance obligations and costs.
Source: SEC EDGAR 10-K, Item 1A, official filing.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| EPD | Enterprise Products Partners L. | USD 36.52 | ▼ 0.19% |
| TRP | TC Energy Corporation | USD 61.98 | ▼ 0.53% |
| WMB | Williams Companies, Inc. (The) | USD 70.63 | ▼ 2.98% |
| TRGP | Targa Resources, Inc. | USD 289.54 | ▼ 2.05% |
| MPLX | MPLX LP | USD 58.18 | ▼ 0.44% |
| OKE | ONEOK, Inc. | USD 93.9 | ▲ 0.84% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:48 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt