Kinder Morgan (KMI)
Transports natural gas and fuels through pipelines, storage, terminals, and tankers.
Something off on this page? Send us feedback.
Transports and stores natural gas, refined fuels, crude oil, and carbon dioxide while operating gathering, processing, terminal, and Jones Act tanker assets across the United States. Long-term capacity contracts and regulated tariffs drive much of the fee base, though volumes, contract renewals, and commodity-linked activities still shape results.
Transports and stores natural gas through interstate and intrastate pipelines, gathering and processing systems, storage fields, and LNG facilities. Products Pipelines moves refined fuels, crude oil, and condensate, while Terminals handles liquid and dry-bulk commodities and operates Jones Act tankers. The CO2 segment supplies carbon dioxide for enhanced oil recovery and also houses oil production and renewable natural gas assets.
Connects producing basins with utilities, industrial users, population centers, and LNG export markets across the United States, with additional links into Mexico. Long-term capacity reservations, minimum-volume commitments, and regulated tariffs support much of the fee base, while gathering, marketing, CO2, and oil-production activities retain volume or commodity exposure. Interstate rates and services fall under FERC oversight; expansions also depend on permits, rights-of-way, pipeline-safety rules, and environmental compliance.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 22, 2026 | Morgan Stanley | Target | Target: $33 | Target: $36 |
| Sep 22, 2026 | RBC Capital | Reiterate | Rating: —Target: $26 | Target: $36 |
| Sep 17, 2026 | Morgan Stanley | Target | Target: $38 | Target: $33 |
| Sep 9, 2026 | Stifel Nicolaus | Target | Target: $19 | Target: $35 |
| Jul 29, 2026 | Morgan Stanley | Target | Target: $35 | Target: $38 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $89.0M · Total debt $32.25B · Total assets $74.06B · Shareholders' equity $31.63B
- Revenue
- $4.48B
- Operating income
- $1.35B
- Net income
- $867.0M
HistoryDividendAnnual yield
| Institutions | 70.88% | 1.58B shares | |
|---|---|---|---|
| 1,900 holders · as of Jun 30, 2026 | |||
| Insiders | 22.20% | 494.38M shares | |
| 18 holders · as of Sep 18, 2026 | |||
| Strategic holders | 7.68% | 171.10M shares | |
| 1 holder · as of Mar 11, 2022 | |||
| Adds to | 100.76% | ||
2.23B company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 100.76%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Richard D. KinderInsiderdirector, 10 percent owner, officer: Executive Chairman | 21.62% | 246.21M · 235.21M | filed Oct 28, 2025 |
BlackRock, Inc.Institution | 7.90% | 175.83M | as of Jun 30, 2026 |
BlackRock, Inc.Strategic | 7.68% | 171.10M | filed Mar 11, 2022 |
State Street CorpInstitution | 5.88% | 130.86M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 5.64% | 125.59M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 16, 2026 | Michael P. Garthwaite | officer: VP (Pres., Products Pipelines) | −1,550 | $30.80 |
| Aug 17, 2026 | Michael P. Garthwaite | officer: VP (Pres., Products Pipelines) | −1,550 | $32.65 |
| Jul 16, 2026 | Michael P. Garthwaite | officer: VP (Pres., Products Pipelines) | −1,550 | $32.52 |
| Jul 6, 2026 | John W. Schlosser | officer: V.P. (President, Terminals) | −6,166 | $31.90 |
| Jun 16, 2026 | Michael P. Garthwaite | officer: VP (Pres., Products Pipelines) | −1,550 | $31.44 |
- Williams
Transco owner; top US gas pipeline rival in interstate and LNG-demand markets.
- Enbridge
Largest North American midstream; competes in US gas pipelines post-utility buy.
- Energy Transfer
Large US midstream MLP competing in gas pipelines, NGL, crude, and terminals.
- Enterprise Products Partners
Largest US NGL MLP; overlaps KMI in Gulf Coast terminals and gas pipelines.
- TC Energy
Pure-play North American gas pipeline company after 2024 liquids spin-off.
- ONEOK
Post-Magellan NGL giant now spanning NGLs, refined products, and gas pipelines.
- MPLX
MPC-affiliated MLP competing in Appalachian gas G&P and products pipelines.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Kinder Morgan | $31.26 | −1.47% | $70.63B | 20.3 | 21.1 | 3.9 | +10.8% |
| Williams | $70.98 | −0.94% | $87.64B | 28.4 | 29.6 | 7.2 | +10.2% |
| Enbridge | $47.94 | −0.55% | $105.25B | 23.5 | 23.1 | 1.6 | +89.7% |
| Energy Transfer | $20.52 | −1.84% | $71.92B | 13.0 | 12.5 | 0.7 | +78.4% |
| Enterprise Products Partners | $38.07 | −1.05% | $83.23B | 13.4 | 12.5 | 1.4 | +60.8% |
| TC Energy | $59.78 | −1.16% | $62.96B | 25.4 | 23.9 | 5.5 | +40.3% |
| ONEOK | $90.41 | −1.52% | $57.85B | 15.8 | 15.3 | 1.5 | +52.8% |
| MPLX | $58.92 | −0.29% | $59.96B | 12.7 | 12.8 | 4.7 | +10.6% |
| Median | 15.8 | 15.3 | 1.6 | +52.8% |