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Kinder Morgan Inc (KMI)

合理估值
EnergyOil & Gas MidstreamUnited States

基本面

64

价格

$30.48

市值

$68.15B

第一部分 · 这家公司值多少

概览

Kinder Morgan, Inc. operates as an energy infrastructure company primarily in North America. It operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities. The Products Pipelines segment owns and operates refined petroleum products, and crude oil and condensate pipelines; and associated product terminals and petroleum pipeline transmix facilities. The Terminals segment owns and/or operates liquids and bulk terminals that stores and handles various commodities, including gasoline, diesel fuel, renewable fuel and feedstocks, chemicals, ethanol, metals, and petroleum coke; and owns tankers. The CO2 segment produces, transports, and markets CO2 to recovery and production crude oil from mature oil fields; owns interests in/or operates oil fields and gasoline processing plants; and operates a crude oil pipeline system in West Texas, as well as owns and operates RNG and LNG facilities. The company was formerly known as Kinder Morgan Holdco LLC and changed its name to Kinder Morgan, Inc. in February 2011. Kinder Morgan, Inc. was founded in 1997 and is headquartered in Houston, Texas.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Compare

Generated on 2026年9月19日 with claude-haiku-4-5 — shared with all users

P/E: 27.1Score: 63Market cap: $84.37B

Williams is the closest peer in long-haul interstate natural gas transmission, competing for the same producer and utility shippers moving gas from the Marcellus, Haynesville and Gulf Coast basins to end markets.

P/E: 14.7Score: 66Market cap: $55.86B

ONEOK competes in natural gas gathering, processing and NGL transport, and after the Magellan acquisition also in refined-products pipelines and liquids terminals, the same markets as Kinder Morgan's Products Pipelines and Terminals segments.

Energy Transfer LPET

Energy Transfer runs a comparably vast interstate and Texas intrastate pipeline network and bids for the same transportation, storage and NGL contracts, including competing expansion projects in the Permian and the Southwest.

Enterprise Products Partners L.P.EPD

Enterprise competes for the same midstream fee-based volumes in natural gas and NGL pipelines, processing and Gulf Coast export terminals serving Permian and Eagle Ford producers.

TC Energy CorporationTRP

TC Energy's US interstate systems (including ANR and Columbia Gas) compete directly with Kinder Morgan's pipelines for firm transportation contracts from the same supply basins to Midwest and Gulf Coast markets.

Enbridge Inc.ENB

Enbridge competes across North American liquids pipelines, US gas transmission (Texas Eastern, Algonquin) and export terminals, targeting the same shippers for crude, refined-product and natural gas capacity.

资产负债表与流动性

营收

$16.28B

最近12个月(截至2026/6/30)

净利润

$3.47B

最近12个月(截至2026/6/30)

自由现金流

$2.89B

股东权益合计

$31.16B

负债合计

$40.30B

流动比率

0.46

利息覆盖率

-

债务/EBITDA

4.49

每股收益

营收与净利润

自由现金流

收入构成

历史财务表

利润率变化

债务变化

债务负担有多重

增长一览表

增长 — 营业收入

公允价值估算

周期性合理估值

公允价值

$27.49

当前价格

$30.48

安全边际

-10.9%

公允价值区间

$21.33 - $33.65

所用估值方法之间的离散区间,并非经过统计校准的置信区间。

估算方法

分析师目标价:$36.05
现金流折现法(DCF):不适用于此类公司
市盈率法(P/E):$31.15
格雷厄姆成长公式:不适用于此类公司
盈利能力价值(EPV):$23.70
合理市净率(P/B):不适用于此类公司
股息折现模型(戈登模型):不适用于此类公司
P/FFO(运营资金):不适用于此类公司
周期中段收益:$22.06
市销率法(P/S):不适用于此类公司
分析师共识:买入 (16B / 12H / 0S)
最近财报超预期:+12.98%

估值指标

市盈率(P/E)

19.33

ROE

9.8%

市净率(P/B)

2.12

P/FCF

21.26

毛利率

-

ROIC

6.0%

盈利能力雷达图

价值创造(经济护城河)

ROIC

6.0%

WACC

5.4%

ROIC − WACC

+0.6 pp

ROIC 与资本成本大致持平:公司仅仅覆盖了资本成本。

基本面分析标准

通过(18)

  • EPS shows upward trend
  • ROIC 6.0%
  • P/FCF 21.26
  • P/B Ratio 2.12
  • Debt/Equity ratio
  • Operating Margin 32.0%
  • Positive Free Cash Flow
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 11.1%
  • Revenue Growth 5Y 7.7%
  • Analyst Consensus 57% Buy
  • Earnings Surprise avg 9.1%
  • PEG Ratio 0.21
  • Earnings Quality (OCF/NI) 1.89
  • Share Dilution -0.1%
  • Net Margin Trend 21.3% vs 19.0%
  • Piotroski F-Score 7/9

未通过(7)

  • EPS CAGR 1.47%
  • Price CAGR 4.07%
  • CapEx intensity
  • Current Ratio
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)

不可用(3)

  • Gross Margin NaN%
  • Dividend Payout NaN%
  • Interest Coverage

Piotroski F-评分

7/9

财务状况强健

score
criteria

盈利质量

1.89

高质量:盈利有现金流支撑

股权稀释

-0.1%

正在回购股份,对股东友好

机构持股

公司治理

管理团队

姓名职位年龄
Mr. Richard D. KinderExecutive Chairman of the Board80
Ms. Kimberly Allen DangCEO & Director55
Mr. Dax A. Sanders CPAPresident50
Mr. David Patrick MichelsVP & CFO46
Mr. John W. SchlosserVP & President of Terminals62
Mr. Sital K. ModyVP & President of Natural Gas Pipelines54
Mr. Kenneth W. GrubbVP, COO & Chief Project Officer57
Mr. Mark HuseVP & Chief Information Officer-
Mr. Michael J. PittaVP & Chief Administrative Officer51
Mr. Peter StaplesDirector of IR-

审计风险

8

董事会风险

9

薪酬风险

3

股东权利风险

7

第二部分 · 价格与买入时机

这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。

文件

  • 年度报告(10-K)

    对公司业务、财务业绩和风险的年度概述。

    提交日期:2026-02-13

    查看文件
  • 季度报告(10-Q)

    最近三个月财务表现的最新情况。

    提交日期:2026-07-24

    查看文件
  • 临时报告(8-K)

    关于重大事件(如管理层变动或重要公告)的通知。

    提交日期:2026-09-28

    查看文件

via SEC EDGAR

损益历史

via SEC EDGAR

Latest News

Recent headlines for KMI, sourced from Markets Gazette.

  • 4/22/2026NEUTRAL
    Transcript: Kinder Morgan Q1 2026 Earnings Conference Call

    Kinder Morgan, Inc. held its Q1 2026 Earnings Conference Call on April 22, 2026. While the transcript is available, no specific financial results, forward-looking statements, or significant operational updates were provided in the initial announcement. Investors will need to review the full transcript for detailed financial performance, strategic initiatives, and management's outlook on the company's operations and future growth prospects. The call's content is crucial for assessing the company's current standing and future trajectory.

  • 2/27/2026NEUTRAL
    What 5 Analyst Ratings Have To Say About Kinder Morgan

    Energy infrastructure giant Kinder Morgan (KMI) is currently under the analytical microscope, presenting a mixed bag of analyst ratings that reflect diverse perspectives on its future trajectory. In January 2022, Wolfe Research upgraded its stance from "Underperform" to "Peer Perform," indicating an improved outlook relative to its industry peers. However, this more optimistic view is tempered by earlier, more significant downgrades. Specifically, in June 2021, Stifel revised its rating from "Buy" to "Hold," while Goldman Sachs went further, downgrading from "Neutral" to "Sell." For investors, this divergence in expert opinions underscores the importance of thorough due diligence, weighing both the potential strengths and the ongoing challenges Kinder Morgan faces within the dynamic energy sector.

via Markets Gazette