Reading the tape
NYSE: KMI
Kinder Morgan, Inc.
Energy · Oil & Gas Midstream
Market Cap
$72.21B
52w High
$34.73
52w Low
$25.60
P/E
21.78
Volume
3.55M
Outstanding Shares
2.22B
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveHigh confidence
1Y Price: 20.23%Revenue (TTM): 13.1%FCF (TTM): 38.17%P/FCF: 53rd pct
What changed
The stock rose 20.23% over the last year. Revenue grew 13.1% over the trailing twelve months. Operating margin moved from 28.6% to 28.61%. Free cash flow grew 38.17% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 53rd percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 28.61%. Revenue grew 13.1% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
Kinder Morgan, Inc. operates as an energy infrastructure company in North America.
CEOKimberly Allen Dang
SectorEnergy
IndustryOil & Gas Midstream
Employees10,933
IPO dateFeb 11, 2011
Valuation
Forward P/E—
EV/EBITDA12.49
Enterprise value$93.44B
Stock splits
Jan 20, 2015↑ Forward
Every 1 shares became 10
Profitability & growth
Revenue growth13.49%
Gross margin46.95%▲19.06%vs FY2024
Operating margin28.61%▼2.37%vs FY2024
ROE9.81%▲14.59%vs FY2024
Analyst consensus
RatingHold
Target price$35.00▲7.84%
16
Buy
17
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 15, 2026
Q3 FY26 · EPS est $0.30 · Revenue est $4.14B
View
Dividends
$1.18/shareQuarterly9yr growth streakAdequateKMI pays a dividend with a 3.63% dividend yield, 9 consecutive years of growth, growing at 2.17% annually, covered 1.2× by free cash flow.
Dividend Yield
3.63%
Annual Div / Share
$1.18
5yr CAGR
+2.17%
Doubles every ~32.2yr
Payout Ratio
78.91%
Adequate
Dividend Growth Rate
3yr CAGR
+1.83%
5yr CAGR
+2.17%
10yr CAGR
-0.6%
Dividend Safety
5/10Adequate
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$1.18+1.9%
2025$1.16+1.8%
2024$1.14+1.8%
2023$1.11+2.5%
2022$1.09+2.8%
2021$1.06+4.4%
2020$1.01+19.1%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$36/yr
$3/mo
In 5 yrs
$40/yr+11%
$3/mo
In 10 yrs
$45/yr+24%
$4/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$36/yr $3/mo | $40/yr+11% $3/mo | $45/yr+24% $4/mo |
Yield-on-cost grows from 3.63% → 4.5% over 10yr