KINDER MORGAN, INC.(KMI)Stock Analysis

Quirks, history, and lore behind KMI — the kind of stuff that makes a stock memorable.

• 1
  The Basics

  U.S. energy infrastructure company · large-cap · listed on NYSE · headquartered in Houston, Texas.
• 2
  The Numbers

  Operates roughly 83,000 miles of pipelines — enough to circle the Earth more than three times — making it one of the largest pipeline operators in North America.
• 3
  The History

  Born from the 1999 merger of two pipeline businesses, it spent years structured as a master limited partnership before converting to a regular corporation in 2014 to simplify its byzantine ownership structure.
• 4
  The Secret

  It doesn't gamble much on commodity prices — it earns fee-based revenues for simply moving and storing natural gas, refined products, and CO₂, acting more like a toll road than an oil company.
• 5
  The Lore

  Co-founded by Richard Kinder, a former Enron president who left before that particular dumpster fire, then built a rival empire that outlasted his old employer by a few decades.
• 6
  The Giveaway

  The company literally has its co-founder's last name in the title — and paired it with the word for something that keeps things flowing, because that's exactly what 70,000+ miles of natural gas pipe does.