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Kinder Morgan Inc Class P KMI

Morningstar Rating
$19.62 −0.19 (0.96%)
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Company Report

Finding Undervalued Opportunities From AI and Data Center Demand in E&Ps and Midstream

We think AI and data center demand offers a potentially sizable growth opportunity across our US E&P and US & Canadian midstream coverage list. We consider Chart Industries, Energy Transfer, Enbridge, Kinder Morgan, and TC Energy as undervalued ways to play this trend. Cheniere Energy and Williams are more fairly valued, while Antero, Range, and likely EQT (not covered) are obvious direct opportunities and appear expensive.

Price vs Fair Value

KMI is trading at a 655% premium.
Price
$19.62
Fair Value
$94.00
Uncertainty
Medium
1-Star Price
$14.30
5-Star Price
$74.30
Economic Moat
Krkkyx
Capital Allocation
Xqcchnr

Bulls Say, Bears Say

Bulls

Kinder Morgan's natural gas midstream footprint is unrivaled in North America, giving it high-return investment opportunities as gas supply/demand fundamentals shift.

Bears

Kinder has yet to pursue stakeholder partnerships for new pipeline projects like its large Canadian peers have done, which could help improve stakeholder relations.

Is it the right time to buy, sell, or hold?
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News

Trading Information

Previous Close Price
$19.81
Day Range
$19.5819.76
52-Week Range
$15.8919.93
Bid/Ask
$19.60 / $19.74
Market Cap
$43.54 Bil
Volume/Avg
812 / 13.2 Mil

Key Statistics

Price/Earnings (Normalized)
17.66
Price/Sales
2.86
Dividend Yield (Trailing)
5.78%
Dividend Yield (Forward)
5.86%
Total Yield
6.74%

Company Profile

Kinder Morgan is one of the largest midstream energy firms in North America, with an interest in or an operator on about 82,000 miles in pipelines and 139 storage terminals. The company is active in the transportation, storage, and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan's cash flows stem from fee-based contracts for handling, moving, and storing fossil fuel products.
Sector
Energy
Industry
Oil & Gas Midstream
Stock Style Box
Mid Value
Total Number of Employees
10,891

Competitors

Valuation

Metric
KMI
ET
EPD
Price/Earnings (Normalized)
17.6612.5311.01
Price/Book Value
1.431.722.22
Price/Sales
2.860.621.20
Price/Cash Flow
6.934.857.54
Price/Earnings
KMI
ET
EPD

Financial Strength

Metric
KMI
ET
EPD
Quick Ratio
0.330.930.61
Current Ratio
0.501.180.93
Interest Coverage
2.803.185.45
Quick Ratio
KMI
ET
EPD

Profitability

Metric
KMI
ET
EPD
Return on Assets (Normalized)
3.46%5.75%8.30%
Return on Equity (Normalized)
7.89%22.11%21.13%
Return on Invested Capital (Normalized)
6.00%9.47%12.21%
Return on Assets
KMI
ET
EPD
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Oil & Gas Midstream Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Enbridge Inc
ENB
XmxwbhgLvdzf$76.5 Bil
Enterprise Products Partners LP
EPD
QsymmgpdVbsg$61.6 Bil
Energy Transfer LP
ET
QhtJbfbn$52.2 Bil
Williams Companies Inc
WMB
TxsgvjhfNbfdsd$49.6 Bil
ONEOK Inc
OKE
DcznbsyqxXkzcjtr$45.9 Bil
MPLX LP Partnership Units
MPLX
KdfscthGzjylc$42.0 Bil
TC Energy Corp
TRP
GsdsybdqzXwxqyj$41.1 Bil
Cheniere Energy Inc
LNG
FvkhkxyjFqtfy$36.5 Bil
Targa Resources Corp
TRGP
DcftymmfJvrhp$26.2 Bil

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