Kinder Morgan, Inc. KMI
- 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 | Free account |
Against its own ten years
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)
More on KMI
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement