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Kinder Morgan Inc Class P KMI

Morningstar Rating
$17.06 −0.05 (0.29%)
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Company Report

Kinder Morgan Looks Well Positioned to Ride Out Biden LNG Pause

Kinder Morgan's assets span natural gas, natural gas liquids, oil, and liquefied natural gas. The company's U.S. gas pipeline business is particularly impressive. Management claims its daily gas transportation capacity is equivalent to 40% of average U.S. gas consumption and it handles 50% of the LNG market. LNG remains a key growth driver, particularly for gas storage assets. Kinder serves most major U.S. gas supply and demand regions.

Price vs Fair Value

KMI is trading at a 15% discount.
Price
$17.06
Fair Value
$78.00
Uncertainty
Medium
1-Star Price
$18.00
5-Star Price
$74.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Kinder Morgan's natural gas midstream footprint is unrivaled in North America, giving it high-return investment opportunities as gas supply/demand fundamentals shift.

Bears

Kinder has yet to pursue stakeholder partnerships for new pipeline projects like its large Canadian peers have done, which could help improve stakeholder relations.

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News

Trading Information

Previous Close Price
$17.11
Day Range
$17.0017.22
52-Week Range
$15.8918.30
Bid/Ask
$17.06 / $17.21
Market Cap
$37.92 Bil
Volume/Avg
13.3 Mil / 14.2 Mil

Key Statistics

Price/Earnings (Normalized)
15.05
Price/Sales
2.41
Dividend Yield (Trailing)
6.62%
Dividend Yield (Forward)
6.62%
Total Yield
8.00%

Company Profile

Kinder Morgan is one of the largest midstream energy firms in North America, with an interest in or an operator on about 83,000 miles in pipelines and 140 storage terminals. The company is active in the transportation, storage, and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan's cash flows stem from fee-based contracts for handling, moving, and storing fossil fuel products.
Sector
Energy
Industry
Oil & Gas Midstream
Stock Style Box
Mid Value
Total Number of Employees
10,891

Competitors

Valuation

Metric
KMI
ET
ETRN
Price/Earnings (Normalized)
15.0511.0413.82
Price/Book Value
1.221.574.27
Price/Sales
2.410.573.11
Price/Cash Flow
6.974.536.72
Price/Earnings
KMI
ET
ETRN

Financial Strength

Metric
KMI
ET
ETRN
Quick Ratio
0.230.830.65
Current Ratio
0.351.100.75
Interest Coverage
2.783.171.88
Quick Ratio
KMI
ET
ETRN

Profitability

Metric
KMI
ET
ETRN
Return on Assets (Normalized)
3.40%5.62%3.93%
Return on Equity (Normalized)
7.75%21.72%43.47%
Return on Invested Capital (Normalized)
5.93%9.25%8.24%
Return on Assets
KMI
ET
ETRN
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Oil & Gas Midstream Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Economic Moat
Market Cap
ENB
Enbridge IncNrknl$73.3 Bil
EPD
Enterprise Products Partners LPFxkc$59.6 Bil
ET
Energy Transfer LPQyk$49.3 Bil
OKE
ONEOK IncLrwtnr$41.8 Bil
WMB
Williams Companies IncKjtps$41.5 Bil
TRP
TC Energy CorpRzjdw$41.3 Bil
MPLX
MPLX LP Partnership UnitsDgtpvt$39.4 Bil
LNG
Cheniere Energy IncDwch$38.4 Bil
CQP
Cheniere Energy Partners LPFslg$25.2 Bil

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