Kinder Morgan, Inc.
KMI Energy Oil & Gas Midstream
Kinder Morgan, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.9 billion, up 12.2% from fiscal 2024. In the quarter to June 2026, revenue grew 10.8%, EPS grew 21.9%, free cash flow fell 52.6% and total debt fell 1.26%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years; insiders bought in the last twelve months.
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Kinder Morgan, Inc. (KMI) Price to free cash flow
As of 16 October 2026, Kinder Morgan, Inc. (KMI) trades at a price to free cash flow of 28.7×. Over the past ten years it has ranged from 0.0× (March 2016) to 54.4× (April 2016); the current reading is higher than 89% of that period. That is above the Oil & Gas Midstream industry median of 9.7× and above the Energy sector median of 11.2×.
Price to free cash flow, daily
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Annual newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 27.2× | 31.86% |
| FY2024 | 20.7× | 20.97% |
| FY2023 | 17.1× | 20.08% |
| FY2022 | 14.2× | 30.06% |
| FY2021 | 10.9× | 37.74% |
| FY2020 | 7.9× | (58.90%) |
| FY2019 | 19.3× | 24.93% |
| FY2018 | 15.5× | (43.68%) |
| FY2017 | 27.5× | 6.71% |
| FY2016 | 25.7× | — |
Quarterly newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| Jun 2026 | 26.8× | 14.27% |
| Mar 2026 | 23.4× | (13.94%) |
| Dec 2025 | 27.2× | (8.91%) |
| Sep 2025 | 29.9× | (4.95%) |
| 42 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| WMB Williams Companies, Inc. (The) compare | n/m |
| ET Energy Transfer LP compare | 13.4× |
| MPLX MPLX LP compare | 13.7× |
| EPD Enterprise Products Partners L.P. compare | 19.3× |
| OKE ONEOK, Inc. compare | 20.3× |
| TRP TC Energy Corporation compare | 22.0× |
| LNG Cheniere Energy, Inc. compare | 22.3× |
| KMI Kinder Morgan, Inc. | 28.7× |
| TRGP Targa Resources, Inc. compare | 85.2× |
| Oil & Gas Midstream industry median | 9.7× |
| Energy sector median | 11.2× |
| Market median | 14.2× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
More on KMI
- Revenue
- Net income
- EPS (diluted)
- 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
- EV/EBITDA
- EV/Sales
- EV/FCF
- 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
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement