Kinder Morgan Inc - Class P

Research Kinder Morgan Inc - Class P (KMI) on Bullrun: valuation model: 4.7% overvalued, market cap USD 72.28B, P/E 21.0, dividend yield 3.6%. Explore financials, valuation history, model signals, and stock context.

Key Metrics

TickerKMI
ExchangeNYSE
CountryUnited States
SectorEnergy
IndustryOil & Gas Midstream
CurrencyUSD
Valuation signal4.7% overvalued
Market capUSD 72.28B
P/E21.0
Dividend yield3.6%
Financial periodQ2 2026
RevenueUSD 4.48B
Net incomeUSD 867.00M
Free cash flowUSD 978.00M
Gross margin54.8%

Valuation Snapshot

Bullrun's latest valuation model marks Kinder Morgan Inc - Class P as 4.7% overvalued; latest market cap is USD 72.28B; P/E is 21.0; dividend yield is 3.6%.

Peer valuation comparison

Latest P/E is 20.96x versus a Energy sector median of 15.51x (35.1% above).

Latest dividend yield is 3.57% versus a Energy sector median of 3.62%.

Five-year financial history

Year	Revenue	Net income	Free cash flow	Gross margin	Diluted EPS	Cash	Total debt	Equity
FY2025	USD 15.20B	USD 3.06B	USD 2.89B	58.9%	1.37	USD 63.00M	USD 32.00B	USD 31.16B
FY2024	USD 13.48B	USD 2.61B	USD 3.01B	62.4%	1.17	USD 88.00M	USD 31.89B	USD 30.53B
FY2023	USD 13.65B	USD 2.39B	USD 4.17B	59.7%	1.06	USD 83.00M	USD 32.12B	USD 30.31B
FY2022	USD 18.13B	USD 2.55B	USD 3.35B	48.9%	1.12	USD 745.00M	USD 31.79B	USD 30.74B

Valuation history

Year	Snapshot date	Market cap	P/E	Dividend yield	Annual dividend/share
2026	2026-10-09	USD 72.28B	21.0	3.6%	1.18
2025	2025-12-31	USD 61.16B	20.1	4.2%	1.16
2024	2024-12-31	USD 60.87B	23.4	4.2%	1.15
2023	2023-12-29	USD 39.21B	16.2	6.3%	1.12
2022	2022-12-30	USD 40.64B	16.3	6.1%	1.11
2021	2021-12-31	USD 35.96B	20.3	6.7%	1.07

Dividend history

Latest trailing dividend snapshot: annual dividend/share 1.18 USD, yield 3.6%.

Year	Dividends/share
FY2025	1.17 USD
FY2024	1.15 USD
FY2023	1.13 USD
FY2022	1.11 USD

About Kinder Morgan Inc - Class P

Kinder Morgan, Inc. operates as an energy infrastructure company primarily in North America. It operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems;

ETFs that hold Kinder Morgan Inc - Class P

Kinder Morgan Inc - Class P is one of the ten largest holdings of 5 ETFs that investors in Europe can buy, most traded first:

ETF	Weight	TER
iShares S&P 500 Energy Sector UCITS ETF USD (Acc)	3.25%	0.15%
State Street SPDR S&P U.S. Energy Select Sector UCITS ETF	3.25%	0.15%
Xtrackers MSCI USA Energy UCITS ETF 1D	3.17%	0.12%
Invesco S&P World Energy ESG UCITS ETF	6.07%	0.18%
Jury Global High Dividend UCITS ETF USD Distributing	3.81%	0.60%

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Antero Midstream Corp (AM) Cheniere Energy Partners LP (CQP) DT Midstream Inc (DTM) Excelerate Energy Inc - Class A (EE) Enterprise Products Partners L P (EPD) Energy Transfer LP (ET) Genesis Energy L.P. (GEL) Global Partners LP (GLP) Hess Midstream LP - Class A (HESM) International Seaways Inc (INSW) Kinetik Holdings Inc - Class A (KNTK) Cheniere Energy Inc (LNG)

Frequently asked questions

Is Kinder Morgan Inc - Class P overvalued or undervalued?

Bullrun's valuation model currently marks Kinder Morgan Inc - Class P as 4.7% overvalued.

What is Kinder Morgan Inc - Class P's market cap?

Kinder Morgan Inc - Class P's market capitalization is USD 72.28B.

What is Kinder Morgan Inc - Class P's P/E ratio?

Kinder Morgan Inc - Class P's price-to-earnings (P/E) ratio is 21.0.

Does Kinder Morgan Inc - Class P pay a dividend?

Kinder Morgan Inc - Class P has a dividend yield of 3.6%.