Tearsheet

Kinder Morgan (KMI)


Market Price (12/4/2025): $27.15 | Market Cap: $60.4 Bil
Sector: Energy | Industry: Oil & Gas Storage & Transportation

Kinder Morgan (KMI)


Market Price (12/4/2025): $27.15
Market Cap: $60.4 Bil
Sector: Energy
Industry: Oil & Gas Storage & Transportation

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Megatrend and thematic drivers
Megatrends include US Energy Independence, Energy Transition & Decarbonization, and Hydrogen Economy. Themes include US LNG, Show more.
 
0 Megatrend and thematic drivers
Megatrends include US Energy Independence, Energy Transition & Decarbonization, and Hydrogen Economy. Themes include US LNG, Show more.

Valuation, Metrics & Events

KMI Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

Here are key points for Kinder Morgan's (KMI) stock movement for the approximate time period from August 31, 2025, to December 4, 2025: 1. Kinder Morgan reported strong third-quarter 2025 financial results. Adjusted earnings per share climbed 16% to $0.29 per share, meeting analyst estimates, and adjusted EBITDA increased by 6% from the prior year period. Revenue also increased by 12.1% year over year to $4.1 billion.

2. The company's board of directors approved an increased cash dividend for the third quarter of 2025. This dividend of $0.2925 per share represents a 2% increase over the third quarter of 2024, payable on November 17, 2025.

Show more

Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
KMI Return-31%24%21%4%64%2%82%
Peers Return-18%37%21%13%45%12%154%
S&P 500 Return16%27%-19%24%23%16%112%

Monthly Win Rates [3]
KMI Win Rate25%67%67%50%83%50% 
Peers Win Rate47%72%63%62%72%58% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
KMI Max Drawdown-52%-1%0%-9%-5%-7% 
Peers Max Drawdown-53%-0%-3%-9%-4%-5% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: ET, MPLX, WMB, TRP, ENB. See KMI Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique KeyEventKMIS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-20.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven25.5%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven755 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-55.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven122.8%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven1658 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-35.4%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven54.9%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven2380 days120 days

Compare to ET, MPLX, WMB, TRP, ENB


In The Past

Kinder Morgan's stock fell -20.3% during the 2022 Inflation Shock from a high on 6/7/2022. A -20.3% loss requires a 25.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Kinder Morgan (KMI)

Trade Ideas

Select past ideas related to KMI. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
WHD_11212025_Dip_Buyer_ValueBuy11212025WHDCactusDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
8.3%8.3%0.0%
OVV_10172025_Dip_Buyer_FCFYield10172025OVVOvintivDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
13.3%13.3%0.0%
COP_10102025_Dip_Buyer_FCFYield10102025COPConocoPhillipsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
2.8%2.8%-2.3%
HAL_10102025_Dip_Buyer_FCFYield10102025HALHalliburtonDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
22.5%22.5%-0.7%
OXY_10102025_Dip_Buyer_FCFYield10102025OXYOccidental PetroleumDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-0.4%-0.4%-5.7%
KMI_3312020_Dip_Buyer_ValueBuy03312020KMIKinder MorganDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-7.3%29.0%-12.6%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
WHD_11212025_Dip_Buyer_ValueBuy11212025WHDCactusDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
8.3%8.3%0.0%
OVV_10172025_Dip_Buyer_FCFYield10172025OVVOvintivDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
13.3%13.3%0.0%
COP_10102025_Dip_Buyer_FCFYield10102025COPConocoPhillipsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
2.8%2.8%-2.3%
HAL_10102025_Dip_Buyer_FCFYield10102025HALHalliburtonDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
22.5%22.5%-0.7%
OXY_10102025_Dip_Buyer_FCFYield10102025OXYOccidental PetroleumDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-0.4%-0.4%-5.7%
KMI_3312020_Dip_Buyer_ValueBuy03312020KMIKinder MorganDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-7.3%29.0%-12.6%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Kinder Morgan

Peers to compare with:

Financials

KMIETMPLXWMBTRPENBMedian
NameKinder M.Energy T.MPLX Williams.TC EnergyEnbridge  
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Growth & Margins

KMIETMPLXWMBTRPENBMedian
NameKinder M.Energy T.MPLX Williams.TC EnergyEnbridge  
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Valuation

KMIETMPLXWMBTRPENBMedian
NameKinder M.Energy T.MPLX Williams.TC EnergyEnbridge  
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Returns

KMIETMPLXWMBTRPENBMedian
NameKinder M.Energy T.MPLX Williams.TC EnergyEnbridge  
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Financials

Segment Financials

Assets by Segment

$ Mil20242023202220212020
Natural Gas Pipelines49,88347,97847,74648,59750,310
Products Pipelines8,7818,9859,0889,1829,468
Terminals8,2358,3578,5138,6398,890
Carbon dioxide (CO2)3,4973,4492,8432,4783,523
Corporate assets6241,3092,2263,0771,966
Total71,02070,07870,41671,97374,157


Price Behavior

Short Interest

Short Interest: As Of Date11142025
Short Interest: Shares Quantity36,420,143
Short Interest: % Change Since 10312025-2.2%
Average Daily Volume14,371,088
Days-to-Cover Short Interest2.53
Basic Shares Quantity2,224,000,000
Short % of Basic Shares1.6%

SEC Filings

Expand for More

Report DateFiling DateFiling
93020251024202510-Q 9/30/2025
6302025718202510-Q 6/30/2025
3312025418202510-Q 3/31/2025
12312024213202510-K 12/31/2024
93020241018202410-Q 9/30/2024
6302024719202410-Q 6/30/2024
3312024419202410-Q 3/31/2024
12312023220202410-K 12/31/2023
93020231023202310-Q 9/30/2023
6302023721202310-Q 6/30/2023
3312023421202310-Q 3/31/2023
12312022208202310-K 12/31/2022
93020221021202210-Q 9/30/2022
6302022722202210-Q 6/30/2022
3312022422202210-Q 3/31/2022
12312021207202210-K 12/31/2021