Kinder Morgan, Inc.KMI

NYSE•Energy•Oil & Gas Midstream

Kinder Morgan, Inc. operates as an energy infrastructure company primarily in North America. It operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities. The Products Pipelines segment owns and operates refined petroleum products, and crude oil and condensate pipelines; and associated product terminals and petroleum pipeline transmix facilities. The Terminals segment owns and/or operates liquids and bulk terminals that stores and handles various commodities, including gasoline, diesel fuel, renewable fuel and feedstocks, chemicals, ethanol, metals, and petroleum coke; and owns tankers. The CO2 segment produces, transports, and markets CO2 to recovery and production crude oil from mature oil fields; owns interests in/or operates oil fields and gasoline processing plants; and operates a crude oil pipeline system in West Texas, as well as owns and operates RNG and LNG facilities. The company was formerly known as Kinder Morgan Holdco LLC and changed its name to Kinder Morgan, Inc. in February 2011. Kinder Morgan, Inc. was founded in 1997 and is headquartered in Houston, Texas.

Price & Volume

Key Metrics at a Glance (as of December 2025)

Market Cap: $61.37B
TTM Revenue: $16.95B
TTM EBITDA: $7.48B
P/E Ratio: 20.1x
Operating Margin: 30.3%
Free Cash Flow: $1.58B

Financial Analysis

Kinder Morgan, Inc. (KMI) reported trailing twelve months (TTM) revenue of $16.95B as of December 2025, which represents a 12.5% increase year-over-year. The company's operating margin has expanded to 30.3% from 28.9% a year ago. In terms of profitability, KMI generated $3.06B in net income. Valuation-wise, the stock trades at a P/E ratio of 20.1x and a Price-to-Sales (P/S) ratio of 3.6x. The company generated $1.58B in free cash flow over the last twelve months, indicating its ability to reinvest in growth or return capital to shareholders. Data based on the most recent quarterly reports.