Kinder Morgan, Inc. KMI

30.75 (0.50) (1.60%) as of 25 Sep
Market cap
$69.5B
P/E
19.7×
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Kinder Morgan, Inc. (KMI) EV/EBITDA

As of 25 September 2026, Kinder Morgan, Inc. (KMI) trades at a EV/EBITDA of 13.1×. Over the past ten years it has ranged from 7.6× (March 2020) to 21.6× (April 2015); the current reading is higher than 44% of that period. That is above the Oil & Gas Midstream industry median of 8.1× and above the Energy sector median of 7.0×.

EV/EBITDA, daily

Annual

Period EV/EBITDA Change
FY2025 13.0× (5.61%)
FY2024 13.7× 24.44%
FY2023 11.0× (2.61%)
FY2022 11.3× (14.70%)
FY2021 13.3× (20.34%)
FY2020 16.7× 51.27%
FY2019 11.0× 0.14%
FY2018 11.0× (18.95%)
FY2017 13.6× (9.86%)
FY2016 15.1× 18.74%

Quarterly

Period EV/EBITDA Change
Jun 2026 13.4× (5.52%)
Mar 2026 14.2× 9.57%
Dec 2025 13.0× (6.30%)
Sep 2025 13.8× (3.42%)
42 more quarters

Against its own ten years

Low 7.6× High 21.6×
Ten-year median 13.3×
Current reading's percentile 44

EV/EBITDA against peers

Company EV/EBITDA
ET Energy Transfer LP compare 8.1×
LNG Cheniere Energy, Inc. compare 10.0×
EPD Enterprise Products Partners L.P. compare 10.6×
MPLX MPLX LP compare 11.2×
OKE ONEOK, Inc. compare 11.4×
TRP TC Energy Corporation compare 12.9×
KMI Kinder Morgan, Inc. 13.1×
TRGP Targa Resources, Inc. compare 14.4×
WMB Williams Companies, Inc. (The) compare 16.2×
Oil & Gas Midstream industry median 8.1×
Energy sector median 7.0×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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