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.

Revenue
+9.29%
EPS
+21.4%
Free cash flow
−1.32%
Total debt
+1.51%

Quarter to September 2026, against a year earlier

30.14 0.05 −0.17%
Market cap
$67.3B
P/E
18.7×
Fwd P/E
22.0×
Dividend yield
3.91%
F-score
6/9
Altman Z
1.14
Beneish M
−2.50
Dividend safety
22/100

Kinder Morgan, Inc. (KMI) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Kinder Morgan, Inc. (KMI) trades at a price to free cash flow of 25.5×. Over the past ten years it has ranged from 0.0× (March 2016) to 54.4× (April 2016); the current reading is higher than 79% of that period. That is above the Oil & Gas Midstream industry median of 8.5× and above the Energy sector median of 8.9×.

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
Sep 2026 25.4× (5.32%)
Jun 2026 26.8× 14.27%
Mar 2026 23.4× (13.94%)
Dec 2025 27.2× (9.52%)
43 more quarters

Against its own ten years

Low 0.0× High 54.4×
Ten-year median 19.4×
Current reading's percentile 79

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 9.9×
MPLX MPLX LP compare 14.0×
LNG Cheniere Energy, Inc. compare 15.3×
EPD Enterprise Products Partners L.P. compare 17.3×
OKE ONEOK, Inc. compare 21.6×
TRP TC Energy Corporation compare 22.3×
KMI Kinder Morgan, Inc. 25.5×
TRGP Targa Resources, Inc. compare 62.7×
Oil & Gas Midstream industry median 8.5×
Energy sector median 8.9×
Market median 14.1×

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)))

The full definition of Price to free cash flow →

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