Kinder Morgan (KMI)
Energy · Midstream energy infrastructure and logistics
Kinder Morgan is a diversified midstream energy company operating pipelines, terminals, and related infrastructure for natural gas, crude oil, and other products across North America.
What Kinder Morgan does
Kinder Morgan operates an extensive network of natural gas and crude oil pipelines, liquids terminals, and bulk terminals across North America. The company transports and handles natural gas, crude oil, natural gas liquids (NGL), refined petroleum products, chemicals, steel, and other commodities, generating revenue through services fees and commodity sales. Their asset portfolio includes major pipelines like Tennessee Gas Pipeline (TGP), bulk terminal operations (KMBT), and liquid terminal businesses (KMLT), serving producers, refiners, and end-use customers.
Themes: ["Natural gas infrastructure","Crude oil supply chain","Energy transition infrastructure","Renewable natural gas (RNG)","Carbon dioxide transport","Midstream MLP economics","North American energy logistics","Commodity price exposure"]
Fundamentals
- Price$32.40 as of 2026-07-09 close
- Market cap$72.2B as of 2026-07-10
- 1-year return+15.5% as of 2026-07-09 close
- P/E21.77 as of 2026-07-10
- Net margin+18.9% as of 2026-07-10
- Gross margin+49.5% as of 2026-07-10
- ROE+10.7% as of 2026-07-10
- Debt / equity1.02 as of 2026-07-10
- Revenue growth (YoY)+13.1% as of 2026-07-10
- Revenue CAGR (3y)-4.1% SEC XBRL
- Beta0.56 as of 2026-07-10
Dividend: yield +3.7%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Commodity price volatility and sustained low energy prices could reduce shipper economics and contract renewals, directly impacting asset utilization and revenue growth.","Regulatory and permitting risks for expansion projects, including FERC approvals, rights-of-way challenges, and increasing environmental/climate-related regulatory requirements that could delay or prevent capital projects.","Long-term demand risk from energy transition and climate policy, including reduced demand for fossil fuels and shift to renewable energy, which could structurally diminish need for traditional hydrocarbon transport."]
Competitors & peers
- TC Energy (TRP)
- Enterprise Products Partners (EPD)
- Williams Companies (WMB)
- Magellan Midstream Partners (MMP)
- Oneok (OKE)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.