KINDER MORGAN, INC.

KMI · Large cap · Calculated market cap · $67.1B · as of 2026-09-30

Company Stats

Market Cap: $67.1B; as of Sep 30, 2026
Enterprise Value: $98.9B
Shares Outstanding: 2.2B
Free Float: 85.0%

Income Statement

Revenue: $16.9B
Operating Income: $4.7B
Net Income: $3.1B
EBITDA: $7.2B
Revenue Growth, 3Y: -4.1%
FCF Margin, 3Y Avg: 21.4%
FCF Margin, Worst Year: 17.1%

Cash Flow

Free Cash Flow: $2.9B
FCF Yield: 4.3%

Balance Sheet

Cash & Equivalents: $63.0M
Total Debt: $31.8B
Net Debt: $31.8B
Net Debt / EBITDA: 4.43x
EV / EBITDA: 13.78x
Net Debt / EBIT: 6.72x

Returns & Capital

Dividends Paid: $2.6B
Dividend Yield: 3.9%
Dividend Payout, 3Y Avg: 96.3%
Buyback Yield, 3Y Avg: 0.3%

Cash Flow by Year

Year	Revenue	FCF	Margin
FY2025	$16.9B	$2.9B	17.1%
FY2024	$15.1B	$3.0B	19.9%
FY2023	$15.3B	$4.2B	27.2%
FY2022	$19.2B	$3.3B	17.4%
FY2021	$16.6B	$4.4B	26.7%

Annual filing data through FY ended December 31, 2025; shares and float as of October 30, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Company RSS

Earnings

Oct 26, 2026Kinder Morgan Adds $5.4 Billion to Expansion Backlog Jul 22, 2026Kinder Morgan Profit Growth Cools as Backlog Shrinks

Other Coverage

October 29, 2026 Theme Survey

Energy Sector: Pipeline Enters Service, LNG Starts Production October 22, 2026 This Week in Energy

This Week in Energy — October 22, 2026 October 7, 2026 Theme Survey

Energy Sector: War Warnings Sharpen, Gas Projects Enter Service September 28, 2026 QBook

Stronger demand supports expansion as pricing diverges August 14, 2026 Industry Earnings Roundup

Energy Earnings: Demand Runs Hot, Capex Stays Disciplined August 8, 2026 Utility Annual Reviews

Kinder Morgan Manages Regulatory Contingencies Across Diversified Pipeline Fleet July 26, 2026 Utility Annual Reviews

Kinder Morgan Navigates Leadership Turnover Across Interstate Pipeline Network

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