KINDER MORGAN, INC.(KMI)Stock Analysis
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Rank #155 of 2,879 stocksTOP 10%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
KMI Stock Analysis & AI Quality Score
AI stock analysis and institutional research for KINDER MORGAN, INC. (KMI), a Energy sector company. 13F Pro's AI-powered ranking engine scores KMI at 74.6/100 on a 32-signal composite quality model, placing it at rank #155 of 2,879 stocks — the top 10% of the AI-ranked universe. KMI scores in the top quartile across revenue scale (90.9), profitability (83.8), free cash flow (75.5). Based on the latest XBRL financial filings (Q1 2026), KINDER MORGAN, INC. reports quarterly revenue of $4.8B, net income of $976.0M, an operating margin of 29.9%. KMI trades on the NYSE exchange and files with the SEC under CIK 1506307. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate KMI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for KINDER MORGAN, INC. directly from SEC EDGAR. KINDER MORGAN, INC.'s 13F Pro composite quality score has ranged between 43 and 78 since 2021, currently 74.6 — an improving long-term trajectory across 28 quarterly and live scoring snapshots.
What's Driving KMI's Business? Latest 10-Q Breakdown
✓ 25/25 datapoints verifiedAI-extracted from KINDER MORGAN, INC.'s 10-Q filed 2026-04-24 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net income rose 36% to $976M on 14% revenue growth to $4.8B, driven by higher natural gas volumes and commodity prices across all segments.
Biggest Revenue Drivers
Total revenue: $4,828M+14% YoY
Higher commodity prices and volumes; colder winter weather on Texas intrastate systems; Outrigger Energy acquisition contribution.
Increased spreads in Crude and Condensate; higher commodity prices at Transmix operations.
Early termination payments from storage agreement; expansion projects; higher rates and ancillary fees.
Offset by non-cash mark-to-market derivative hedges; lower realized oil and NGL prices.
Largest Expense Items
Higher volumes and commodity prices for natural gas; increased derivative contract costs.
Normal depreciation from asset base.
Flat period-over-period.
Lower legal, corporate development, and pension costs offset by higher benefit and labor costs.
Margins: Operating income margin expanded to 30% from 27% YoY as revenue growth outpaced cost increases. Adjusted EBITDA grew 18% to $2,539M, reflecting strong performance across Natural Gas Pipelines, Products Pipelines, and Terminals segments.
Watch Items from the Filing
- Pension Plan Litigation: Class action under ERISA; plaintiffs seek equitable relief estimated in excess of $100M; Magistrate Judge recommended partial grant of plaintiffs' motion; final District Court decision pending.
- Freeport LNG Winter Storm Litigation: On remand after appellate reversal (April 2025); Freeport alleges $104M in damages for alleged breach; company believes substantial defenses exist.
- Lower Passaic River Superfund Site: 85 PRPs (including EPEC subsidiary) settled for $150M total; Consent Decree entered January 2026; appeal pending by two PRPs may impact final allocation.
- Monument Pipeline acquisition: $505M transaction for natural gas pipeline serving Houston announced April 22, 2026; expected to close Q2 2026; expands Natural Gas Pipelines segment.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$4.8B
Net Income
Q1 2026
$976.0M
Free Cash Flow
Q1 2026
$687.0M
Operating Margin
Q1 2026
29.9%
ROIC
Q1 2026
2.4%
D/E Ratio
Q1 2026
1.02
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+12.2% YoYNet Income
+17.0% YoYOperating Income
+7.8% YoYEPS (Diluted)
+17.1% YoYTotal Assets
+1.9% YoYTotal Debt
+0.4% YoYOp. Cash Flow
+5.0% YoY| Metric | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $16.94B +12.2% | $15.10B -21.4% | $19.20B +15.6% | $16.61B +42.0% | $11.70B -17.3% | $14.14B |
| Net Income | $3.06B +17.0% | $2.61B +2.6% | $2.55B +42.8% | $1.78B +1399.2% | $119.0M -92.6% | $1.61B |
| Operating Income | $4.72B +7.8% | $4.38B +7.8% | $4.07B +39.4% | $2.92B +86.9% | $1.56B -58.9% | $3.79B |
| EPS (Diluted) | $1.37 +17.1% | $1.17 +4.5% | $1.12 +43.6% | $0.78 +1460.0% | $0.05 | — |
| Total Assets | $72.75B +1.9% | $71.41B +1.9% | $70.08B -0.5% | $70.42B -2.2% | $71.97B -8.7% | $78.87B |
| Total Debt | $32.00B +0.4% | $31.89B +0.3% | $31.79B -4.6% | $33.32B -3.9% | $34.69B -5.2% | $36.59B |
| Operating Cash Flow | $5.92B +5.0% | $5.63B +13.4% | $4.97B -13.0% | $5.71B +25.5% | $4.55B -9.8% | $5.04B |
AI Insight: KMI Financial Trends
KMI revenue and operating income accelerated sharply in Q1 2026, while debt declined to 21-quarter lows.
• Revenue grew 6.8% YoY to $4,828M in Q1 2026; Op Income reached $1,444M, highest in 8 quarters.
• Total Debt fell to $32,056M in Q1 2026 from $33,009M in Q1 2025; Debt/Equity ratio improved to 1.02x.
• Operating Cash Flow remained robust at $1,491M in Q1 2026, sustaining capital deployment capacity.
⚠ Net Income volatility: $976M in Q1 2026 vs. $628M in Q3 2025; investigate underlying swing drivers.
⚠ Operating margin compressed to 29.9% in Q1 2026 vs. 32.0% in Q4 2025; monitor for margin sustainability.
AI Insight: KMI Ratio Trends
KMI's profitability and capital efficiency surged in Q4 2025–Q1 2026, with ROIC climbing to 9.1% and NPM expanding to 20.2%, driven by operational leverage and improved asset turns.
• ROIC expanded from 6.5% in Q3 2024 to 9.1% in Q1 2026, a 260bp gain over 18 months with leverage stable at 1.02x D/E.
• Net profit margin jumped from 16.1% in Q2 2024 to 20.2% in Q1 2026, reflecting stronger cost discipline and operational efficiency.
• ROE climbed to 12.8% in Q4 2025 and 12.5% in Q1 2026, vs. 7.6% in Q2 2024, marking sustained double-digit returns.
⚠ Q3 2025 saw a dip: OpMargin fell to 25.6%, NPM to 15.2%, and ROIC to 6.7%—verify whether this reflects seasonality or operational headwinds.
⚠ D/E spiked to 1.08x in Q1 2025 before normalizing; monitor leverage trends if profitability moderates.
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Is KMI a good stock to buy?
13F Pro's AI-powered analysis of KINDER MORGAN, INC. (KMI) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Energy sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for KMI are available on the KMI stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own KMI?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling KMI. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of KINDER MORGAN, INC.'s investment landscape.