KMI
Hot AirKinder Morgan, Inc. · Energy · United States · $76.7B cap · $425.0M/day traded
$29.96 -0.8% · close 6 Nov · scored 7 Nov
Hot Air: Strong momentum and nothing else: weak business, rich price.
As of 7 Nov 2026, the MoatMap Score for Kinder Morgan, Inc. (KMI) is 38/100, ranked against 25,000+ stocks in 38 markets (Quality 50, Value 26, Momentum 54, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT KINDER MORGAN, INC.
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Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America, owning and operating a vast network of natural gas pipelines, product pipelines, and terminals. The company's competitive moat is built on significant economies of scale, extensive existing infrastructure assets that are costly to replicate, and long-term, fee-based contracts providing stable cash flows. Kinder Morgan is a critical midstream energy player, essential for transporting and storing a substantial portion of North America's natural gas.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 19.2B | 15.3B | 15.1B | 16.9B | -4.1% | 18.3B | 18.4B | 18.5B | 4.5% |
| EPS | 1.12 | 1.06 | 1.17 | 1.37 | 6.9% | 1.62 | 1.66 | 1.62 | 8.7% |
| Shares | 2.2B | 2.2B | 2.2B | 2.2B | -1.0% | 2.2B | — | — | — |
| Debt | 31.6B | 31.9B | 31.7B | 31.8B | 0.2% | 33.4B | — | — | — |
| Equity | 30.7B | 30.3B | 30.5B | 31.2B | 0.5% | — | — | — | — |
| Op CF | 5.0B | 6.5B | 5.6B | 5.9B | 6.0% | 6.7B | — | — | — |
| Inv CF | -2.2B | -4.2B | -2.6B | -3.2B | — | — | — | — | — |
| Fin CF | -3.1B | -3.0B | -2.9B | -2.8B | — | — | — | — | — |
No clear trend: not near its 52-week low, and not in a steady uptrend.
Calmer than 88% of stocks we rank over the past year (volatility 22% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of KMI are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| KMI | Kinder Morgan, Inc.(you) | $76.7B | 38 |
| TRGP | Targa Resources Corp. | $64.8B | 43 |
| OKE | ONEOK, Inc. | $60.4B | 44 |
| TRP | TC Energy Corporation | $65.0B | 30 |
| WMB | The Williams Companies, Inc. | $87.7B | 27 |
| EPD | Enterprise Products Partners L.P. | $80.1B | 51 |
| LNG | Cheniere Energy, Inc. | $61.7B | 48 |
| PPL.TO | Pembina Pipeline Corporation | $29.3B | 38 |
| VG | Venture Global, Inc. | $35.0B | 45 |
| ENB | Enbridge Inc. | $107.3B | 21 |
Peer medians: ROE 8.7% · P/E 13.2x · Gross margin 34.6%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.