Kinder Morgan Inc Stock Research

Market Summary

USD17.52+0.22

Market Closed

1.27%

KMI Stock Price

KMI RSI Chart

KMI Valuation

Market Cap

38.9B

Price/Earnings (Trailing)

15.26

Price/Sales (Trailing)

2.03

EV/EBITDA

5.46

Price/Free Cashflow

11.62

KMI Price/Sales (Trailing)

KMI Profitability

EBT Margin

17.37%

Return on Equity

8.29%

Return on Assets

3.64%

Free Cashflow Yield

8.6%

KMI Fundamentals

KMI Revenue

Revenue (TTM)

19.2B

Revenue Y/Y

3.48%

Revenue Q/Q

-11.55%

KMI Earnings

Earnings (TTM)

2.5B

Earnings Y/Y

5.18%

Earnings Q/Q

16.32%

Price Action

52 Week Range

15.2919.58

(Low)(High)

Last 7 days

4.1%

Last 30 days

1.4%

Last 90 days

-4.3%

Trailing 12 Months

-5.1%

KMI Financial Health

Current Ratio

0.55

KMI Investor Care

Dividend Yield

6.2%

Dividend/Share (TTM)

1.1

Buy Backs (1Y)

0.87%

Diluted EPS (TTM)

1.12

Peers (Alternatives to Kinder Morgan)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ET	40.6B	89.9B	-1.74%	17.21%	8.97	1.48	33.31%	-13.05%
KMI	38.9B	19.2B	1.41%	-5.12%	15.26	2.03	15.59%	42.83%
WMB	35.8B	11.0B	-2.29%	-11.60%	17.5	3.27	3.18%	35.07%
CQP	28.8B	17.2B	-3.98%	-7.83%	20.75	2.2	82.38%	53.25%
OKE	28.0B	22.4B	-4.46%	-8.75%	16.24	1.25	35.35%	14.84%
MID-CAP
DCP	8.2B	15.0B	-0.31%	29.44%	9.89	0.59	40.03%	169.05%
NFE	6.0B	2.4B	-13.88%	-28.13%	30.62	2.51	79.03%	100.28%
ENLC	5.1B	9.5B	-4.44%	15.44%	14.1	0.53	42.72%	1512.95%
ETRN	2.4B	1.4B	-9.95%	-32.79%	-8.72	1.73	3.09%	80.92%
DKL	2.1B	1.0B	-2.32%	19.82%	13.47	2.07	47.87%	-3.50%
SMALL-CAP
NS	1.7B	226.0M	0.06%	14.38%	7.74	7.62	436.62%	482.73%
VTNR	751.4M	2.8B	4.86%	15.33%	-155.83	0.27	2311.20%	73.74%
RTLR	582.1M	404.2M	19.84%	54.87%	15.22	1.44	-0.37%	17.85%
SMLP	202.8M	369.6M	-8.63%	0.99%	-1.71	0.51	-7.74%	-284.00%

Financials for Kinder Morgan

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	0.8%	19,200	19,046	17,693	15,692	16,610
Operating Expenses	1.4%	2,655	2,618	2,520	2,439	2,368
S&GA Expenses	0.3%	637	635	647	655	655
Costs and Expenses	0%	15,135	15,135	13,869	13,638	13,694
EBITDA	1.4%	6,981	6,885	6,796	4,954	-
EBITDA Margin	0.6%	0.36*	0.36*	0.38*	0.32*	-
Earnings Before Taxes	3.6%	3,335	3,219	3,135	1,321	2,219
EBT Margin	2.8%	0.17*	0.17*	0.18*	0.08*	-
Interest Expenses	-2.3%	1,460	1,494	1,514	1,501	1,529
Net Income	1.3%	2,548	2,515	2,434	1,042	1,784
Net Income Margin	0.5%	0.13*	0.13*	0.14*	0.07*	-
Free Cahsflow	1.4%	3,346	3,300	3,530	3,498	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.1%	70,078	69,992	69,390	69,135	70,416
Current Assets	-0.4%	3,803	3,819	3,608	3,033	3,829
Cash Equivalents	54.2%	745	483	100	84.00	1,140
Inventory	-11.3%	634	715	690	591	562
Net PPE	0.2%	35,599	35,534	35,530	35,557	35,653
Goodwill	0%	19,965	19,965	19,914	19,914	19,914
Liabilities	0.3%	37,964	37,857	37,765	37,428	38,495
Current Liabilities	12.7%	6,930	6,148	6,892	6,450	5,821
LT Debt, Non Current	-2.4%	28,403	29,107	28,552	28,759	30,674
Shareholder's Equity	0.0%	30,742	30,756	31,625	31,707	30,823
Retained Earnings	0.4%	-10,551	-10,593	-10,540	-10,544	-10,595
Additional Paid-In Capital	0.0%	41,673	41,689	41,654	41,813	41,806
Accumulated Depreciation	-	18,792	-	-	-	-
Shares Outstanding	-0.1%	2,248	2,250	2,257	2,267	2,267
Minority Interest	-0.5%	1,372	1,379	1,080	1,089	1,098

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	2.8%	4,967	4,831	5,045	4,919	5,708
Cashflow From Investing	-12.2%	-2,175	-1,939	-2,866	-2,806	-2,305
Cashflow From Financing	-28.5%	-3,145	-2,448	-3,731	-3,188	-3,465
Dividend Payments	0.5%	2,504	2,491	2,478	2,462	2,443
Buy Backs	10.5%	368	333	173	1.00	0.00

Risks for KMI

What is the probability of a big loss on KMI?

40.8%

Probability that Kinder Morgan stock will be more than 20% underwater in next one year

19.6%

Probability that Kinder Morgan stock will be more than 30% underwater in next one year.

18.5%

Probability that Kinder Morgan stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does KMI drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Kinder Morgan was unfortunately bought at previous high price.

Drawdowns

Returns for KMI

Cumulative Returns on KMI

-3.4%

10-Year Cumulative Returns

4.4%

7-Year Cumulative Returns

8.7%

5-Year Cumulative Returns

16.2%

3-Year Cumulative Returns

What are the long-term rolling returns for KMI?

FIve years rolling returns for Kinder Morgan.

Annualized Returns

Which funds bought or sold KMI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-27	Neo Ivy Capital Management	sold off	-100	-94,000	-	-%
2023-03-23	MetLife Investment Management, LLC	reduced	-1.82	584,629	9,343,090	0.07%
2023-03-17	American Portfolios Advisors	reduced	-7.08	-37,551	447,427	0.02%
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-33.66	-1,462,650	3,771,350	0.11%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-0.44	4,180,770	55,333,800	0.06%
2023-03-10	MATHER GROUP, LLC.	added	42.03	184,707	523,707	0.01%
2023-03-08	SHEETS SMITH WEALTH MANAGEMENT	added	0.85	39,048	445,048	0.07%
2023-03-08	Capital Asset Advisory Services LLC	reduced	-12.53	-3,531	456,469	0.04%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-10.47	-1,710,000	61,160,000	0.31%
2023-03-06	BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL	added	1.63	95,348	1,013,350	0.38%

Latest Funds Activity

Are funds buying KMI calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own KMI

No. of Funds

Kinder Morgan News

Schedule 13G FIlings of Kinder Morgan

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	7.67%	172,397,514	SC 13G/A
Feb 08, 2023	state street corp	6.33%	142,367,642	SC 13G/A
Feb 07, 2023	blackrock inc.	7.3%	164,259,459	SC 13G/A
Mar 11, 2022	blackrock inc.	7.5%	171,101,203	SC 13G/A
Feb 11, 2022	state street corp	6.16%	139,753,770	SC 13G/A
Feb 09, 2022	vanguard group inc	7.62%	172,797,753	SC 13G/A
Feb 08, 2022	blackrock inc.	7.5%	171,101,203	SC 13G
Feb 10, 2021	vanguard group inc	7.27%	164,471,379	SC 13G/A
Feb 10, 2021	state street corp	5.14%	116,378,760	SC 13G
Feb 05, 2021	blackrock inc.	6.7%	150,830,279	SC 13G/A

KMI Fair Value

Kinder Morgan fair value in different scenarios

The table shows the Fair Value estimates for Kinder Morgan for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	12.74 -27.28%	15.11 -13.76%	19.87 13.41%	27.29 55.76%	35.76 104.11%
Current Inflation	12.17 -30.54%	14.08 -19.63%	18.16 3.65%	24.39 39.21%	31.55 80.08%
Very High Inflation	11.43 -34.76%	12.82 -26.83%	16.12 -7.99%	21.01 19.92%	26.69 52.34%

Historical Kinder Morgan Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Kinder Morgan

View All Filings

Date Filed	Form Type	Document
Mar 08, 2023	PRE 14A	PRE 14A
Feb 28, 2023	8-K	Current Report
Feb 17, 2023	8-K	Current Report
Feb 15, 2023	4	Insider Trading
Feb 09, 2023	3	Insider Trading
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 08, 2023	10-K	Annual Report
Feb 08, 2023	SC 13G/A	Major Ownership Report
Feb 07, 2023	SC 13G/A	Major Ownership Report
Feb 01, 2023	4	Insider Trading

Latest Insider Trading transactions for KMI

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-15	ASHLEY ANTHONY B	sold	-240,030	18.1401	-13,232	vp (president, co2 and etv)
2023-01-31	MARTIN THOMAS A	sold (taxes)	-2,910,380	18.3	-159,037	executive vice president
2023-01-31	MARTIN THOMAS A	acquired	-	-	404,158	executive vice president
2023-01-25	Schlosser John W	sold	-27,659	18.4397	-1,500	v.p. (president, terminals)
2023-01-17	VAGT ROBERT F	acquired	35,005	18.82	1,860	-
2023-01-17	GARDNER TED A	acquired	35,005	18.82	1,860	-
2023-01-17	STAFF JOEL V	acquired	141,150	18.82	7,500	-
2022-12-27	Schlosser John W	sold	-27,267	18.1785	-1,500	v.p. (president, terminals)
2022-12-13	Michels David Patrick	gifted	-	-	-2,770	vp and chief financial officer
2022-11-25	Schlosser John W	sold	-28,050	18.7	-1,500	v.p. (president, terminals)

About Kinder Morgan

Steven J. Kean

www.kindermorgan.com

10500

Kinder Morgan, Inc. operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 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, 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. It owns and operates approximately 83,000 miles of pipelines and 143 terminals. 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 1936 and is headquartered in Houston, Texas.

KMI Income Statement

2022-09-30

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues
Revenues	$ 5,177	$ 3,824	$ 14,621	$ 12,185
Operating Costs, Expenses and Other
Costs of sales	2,717	1,559	7,294	4,504
Operations and maintenance	712	614	1,960	1,710
Depreciation, depletion and amortization	551	526	1,632	1,595
General and administrative	162	174	470	490
Taxes, other than income taxes	113	106	340	324
(Gain) loss on divestitures and impairments, net	(9)	4	(30)	1,602
Other income, net	0	(3)	(6)	(6)
Total Operating Costs, Expenses and Other	4,246	2,980	11,660	10,219
Operating Income	931	844	2,961	1,966
Other Income (Expense)
Earnings from equity investments	195	169	564	392
Amortization of excess cost of equity investments	(19)	(21)	(57)	(56)
Interest, net	(399)	(368)	(1,087)	(1,122)
Other, net (Note 2)	21	21	63	264
Total Other Expense	(202)	(199)	(517)	(522)
Income Before Income Taxes	729	645	2,444	1,444
Income Tax Expense	(134)	(134)	(512)	(248)
Net Income	595	511	1,932	1,196
Net Income Attributable to Noncontrolling Interests	(19)	(16)	(54)	(49)
Net Income Attributable to Kinder Morgan, Inc.	$ 576	$ 495	$ 1,878	$ 1,147
Class P Common Stock
Basic Earnings Per Share	$ 0.25	$ 0.22	$ 0.83	$ 0.50
Diluted Earnings Per Share	$ 0.25	$ 0.22	$ 0.83	$ 0.50
Basic Weighted Average Shares Outstanding	2,253	2,267	2,262	2,265
Diluted Weighted Average Shares Outstanding	2,253	2,267	2,262	2,265
Services
Revenues
Revenues	$ 2,028	$ 1,928	$ 6,089	$ 5,734
Commodity sales
Revenues
Revenues	3,108	1,868	8,416	6,343
Other
Revenues
Revenues	$ 41	$ 28	$ 116	$ 108

KMI Balance Sheet

2022-09-30

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 483	$ 1,140
Restricted deposits	240	7
Accounts receivable	1,873	1,611
Fair value of derivative contracts	194	220
Inventories	715	562
Other current assets	314	289
Total current assets	3,819	3,829
Property, plant and equipment, net	35,534	35,653
Investments	7,465	7,578
Goodwill	19,965	19,914
Other intangibles, net	1,875	1,678
Deferred income taxes	0	115
Deferred charges and other assets	1,334	1,649
Total Assets	69,992	70,416
Current Liabilities
Current portion of debt	2,634	2,646
Accounts payable	1,579	1,259
Accrued interest	327	504
Accrued taxes	297	270
Fair value of derivative contracts	501	178
Other current liabilities	810	964
Total current liabilities	6,148	5,821
Long-term debt
Outstanding	29,000	29,772
Debt fair value adjustments	107	902
Total long-term debt	29,107	30,674
Deferred income taxes	442	0
Other long-term liabilities and deferred credits	2,160	2,000
Total long-term liabilities and deferred credits	31,709	32,674
Total Liabilities	37,857	38,495
Commitments and contingencies (Notes 4 and 10)
Stockholders’ Equity
Class P Common Stock, $0.01 par value, 4,000,000,000 shares authorized, 2,249,727,830 and 2,267,391,527 shares, respectively, issued and outstanding	23	23
Additional paid-in capital	41,689	41,806
Accumulated deficit	(10,593)	(10,595)
Accumulated other comprehensive loss	(363)	(411)
Total Kinder Morgan, Inc.’s stockholders’ equity	30,756	30,823
Noncontrolling interests	1,379	1,098
Total Stockholders’ Equity	32,135	31,921
Total Liabilities and Stockholders’ Equity	$ 69,992	$ 70,416