Company Analysis

Kinder Morgan, Inc. (KMI)

NYSE: KMI · Natural Gas Transmission · Houston, TX · filing with the SEC since 2010
Grade6.0
◀ Past 6.5● Present 5.7▶ Future 6.1

The grade of Kinder Morgan, Inc.

Nine metrics read from its own filings, by tense
Headline grade
6.0/10
◀ Past6.525% of the headline
● Present5.745% of the headline
▶ Future6.130% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

6.5/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
6.6/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 66th percentile among 16 sector filers · read for itself

From the record

Kinder Morgan, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.5/10

What has it actually done, year after year?

+2.9% a year over 10 filed years; profitable in 10 of 10.

weight 22% of this tense · 35th percentile among 16 sector filers · read for its customers

From the record

Kinder Morgan, Inc.'s 10 filed years say what it did: revenue went from $13 billion in fiscal 2016 to $17 billion in fiscal 2025, up 2.9% a year; it rose in 5 of 9 years; the deepest fall was 21% from fiscal 2022 to fiscal 2024; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span2.9%bottom 16% of its family
  • the share of years revenue rosebottom 25% of its family
  • the share of filed years with a profittop 22% of its family
  • the deepest fall from a revenue peak21.4%bottom 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
8.3/10

How has it treated the people who own it?

Share count shrank 0.5% a year. 46% of cash flow returned. Insiders: 19 sales, 2 purchases.

weight 33% of this tense · 83rd percentile among 13 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Kinder Morgan, Inc.'s diluted share count shrank about 0.5% a year, and dividends and buybacks returned about 46% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 19 sales (18 under scheduled 10b5-1 plans) and 2 purchases of their own stock on the open market in the year to 2026-11-10, buying about $15 million (their Form 4 filings).

What it rests on

  • the share count over the yearstop 12% of its family
  • cash returned against operating cash flowtop 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.7/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
6.4/10

Is it financially healthy right now?

ROE 9%: 9¢ of profit per shareholder dollar. Leverage 55%: owes 55¢ per asset dollar.

weight 45% of this tense · 64th percentile among 12 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Kinder Morgan, Inc. earned about 9 cents of profit for every dollar of shareholders' money. Leverage: it owed about 55 cents per dollar of assets, and net share issuance: its share count grew 0.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 21% of its family
  • return on equitybottom 41% of its family
  • the share count against the year beforetop 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.8/10

How strong is its position in its industry?

bottom 48% of 16 in its family; net margin 18%.

weight 33% of this tense · 48th percentile among 16 sector filers · read for its customers

From the record

Kinder Morgan, Inc.'s standing among 16 graded names in its industry family: revenue of $17 billion in fiscal 2025 ranks in the top 19% by size; a net margin of 18% ranks in the bottom 47%; revenue growth of -4.1% a year over the last 3 filed years ranks in the bottom 16% (its annual reports).

What it rests on

  • revenue against the family$16.94Btop 19% of its family
  • net margin18.0%bottom 47% of its family
  • three-year revenue growth-4.1%bottom 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
5.8/10

What are the people in charge doing?

top 42% of 10 in its family for leadership; chief executive since 2023.

weight 22% of this tense · 58th percentile among 10 sector filers · read for its shareholders

From the record

Kinder Morgan, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Dang, Kimberly A (Chief Executive Officer, as filed), filing under that title since 2023-08-02, 3.3 years (bottom 45% of its family); the 17 officers and directors filing in the last fifteen months have been on the record a median of 8.6 years (top 45%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 17 people in charge now (top 27%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge4 in three years among 17 peopletop 27% of its family
  • the median years the people in charge have filed8.6 yearstop 45% of its family
  • the chief executive's years on the record3.3 yearsbottom 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.1/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.4/10

How much room does it have to grow?

top 36% of 16 in its family for room to expand.

weight 22% of this tense · 64th percentile among 16 sector filers · read for itself

From the record

Kinder Morgan, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $63 million against debt of $31 billion leaves -42.2% of its assets as net cash, top 28% of its family; cash from operations less capital spending is 17.1% of revenue (top 43%) (its annual report).

What it rests on

  • cash less debt against assets-42.2%top 28% of its family
  • cash from operations less capital spending against revenue17.1%top 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.2/10

What could actually drive growth from here?

top 48% of 16 in its family for growth drivers.

weight 45% of this tense · 52nd percentile among 16 sector filers · read for its customers

From the record

Kinder Morgan, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -4.1% a year over the last three filed years against 2.9% over all 10, slowing (bottom 41% of its family); the newest year grew 12.2% (top 47%); capital spending grew 23.1% a year (top 37%) (its annual reports). Kinder Morgan, Inc. reported 4 lines of business in fiscal 2025: Natural Gas Pipelines at $11 billion (65%), Products Pipelines at $2.7 billion (16%), Terminals at $2.1 billion (12%), and 1 more; 2 of 4 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-7.0 points a yearbottom 41% of its family
  • the newest year's revenue growth12.2%top 47% of its family
  • three-year growth of capital spending23.1%top 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.0/10

Did its newest year beat what its own record pointed to?

top 30% of 15 in its family for expectations against reality.

weight 33% of this tense · 70th percentile among 15 sector filers · read for its shareholders

From the record

Kinder Morgan, Inc.'s newest year against its own record: revenue of $17 billion in fiscal 2025 came in 26.5% above the $13 billion its prior three years' pace pointed to (top 3% of its family); net income of $3.1 billion against a prior three-year average of $2.5 billion (top 50%); a net margin of 18% against 15.4% before (top 37%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace26.5%top 3% of its family
  • net income against the prior three years' average+21%top 50% of its family
  • net margin against its prior average+2.7 pointstop 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton KMI · research, not advice