Kinder Morgan Inc - Ordinary Shares - Class P
KMI
Market Cap$63.24B
Close$
Earnings Call Q2 2025
July 16, 2025 - AI Summary
Strong Financial Growth: Kinder Morgan reported a 6% increase in adjusted EBITDA and a 12% rise in adjusted EPS year-over-year for Q2 2024. This growth is expected to continue into next year, with forecasts indicating a 20% growth in U.S. natural gas demand by 2030 according to WoodMac, and Kinder Morgan anticipates exceeding its original budget driven by contributions from its Outrigger acquisition.
Expansion Projects and Backlog Growth: The backlog increased from $8.8 billion to $9.3 billion in the quarter, with approximately $1.3 billion in new projects added, including Trident Phase 2 and new projects in the NGPL to serve power plants. The company emphasizes that 50% of their project backlog caters to power demand, reflecting a robust opportunity due to high demand in emerging markets for LNG and natural gas.
Tax Benefits and Future Cash Flow: An expected substantial cash tax benefit from recent tax reforms starting in 2026 is projected to enhance cash available for reinvestment and dividends. Kinder Morgan does not expect to be a material federal cash taxpayer until 2028, bolstering their long-term growth ability without increasing capital costs.
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$40.70
43% upside
Current Fair Value
43% upsideUndervalued by 43% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $63.24 Billion |
|---|---|
| Enterprise Value | $97.16 Billion |
| Dividend Yield | $1.16 (4.08%) |
| Earnings per Share | $1.17 |
| Beta | 0.79 |
| Outstanding Shares | 2,222,000,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 23.22 |
|---|---|
| PEG | -10.33 |
| Price to Sales | 4.07 |
| Price to Book Ratio | 2.03 |
| Enterprise Value to Revenue | 6.08 |
| Enterprise Value to EBIT | 20.66 |
| Enterprise Value to Net Income | 70 |
| Total Debt to Enterprise | 0.35 |
| Debt to Equity | 1.11 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Kinder Morgan Inc
11,012 employees
CEO: Steven Kean Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transpor...