KMI

Kinder Morgan, Inc.

Energy · $67.2B market cap

Verdict

Share price

$31.07

close of Oct 3, 2026

Fair value

$15.15

Sticker Price

Payback Price

$6.06

buy price

Overpriced

KMI is Overpriced: at $31.07 it trades 105% above its fair value of $15.15. Its buy price (Payback Price) is $6.06, 80% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew -5% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

2 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth12.7% a year✓
Equity per share growth-1.3% a year✗
Sales growth3.9% a year✗
Free cash flow growth14.0% a year✓
Return on invested capital5.0%✗

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Superinvestors

None of the investors we track holds KMI right now. In Q2 2026, 2 sold out. Who we track

Moves in Q2 2026

Sold out: First Pacific Advisors, Harry Burn

Insider activity

Since Jun 16, 2026: no open-market purchases, 4 sales worth $346K and 30 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

Mody Sital K

V.P. (Pres.,Nat Gas Pipelines) · 2026-07-31

Tax withholding

$1.5M

Mody Sital K

V.P. (Pres.,Nat Gas Pipelines) · 2026-07-31

Option exercise

115,741 shares

James Catherine C.

VP and General Counsel · 2026-07-31

Tax withholding

$861K

James Catherine C.

VP and General Counsel · 2026-07-31

Option exercise

69,445 shares

Grahmann Kevin P

V.P., Corporate Development · 2026-07-31

Tax withholding

$437K

Show all 30 other filings

Grahmann Kevin P

V.P., Corporate Development · 2026-07-31

Option exercise

40,510 shares

ASHLEY ANTHONY B

VP (President, CO2 and ETV) · 2026-07-31

Tax withholding

$1.3M

ASHLEY ANTHONY B

VP (President, CO2 and ETV) · 2026-07-31

Option exercise

104,167 shares

Holland James E

VP and COO · 2026-07-31

Tax withholding

$1.6M

Holland James E

VP and COO · 2026-07-31

Option exercise

130,209 shares

Dang Kimberly A

Chief Executive Officer · 2026-07-31

Tax withholding

$8.1M

Dang Kimberly A

Chief Executive Officer · 2026-07-31

Option exercise

636,575 shares

Sanders Dax

President · 2026-07-31

Tax withholding

$1.6M

Sanders Dax

President · 2026-07-31

Option exercise

130,209 shares

Michels David Patrick

VP and Chief Financial Officer · 2026-07-31

Tax withholding

$1.5M

Michels David Patrick

VP and Chief Financial Officer · 2026-07-31

Option exercise

121,528 shares

Grahmann Kevin P

V.P., Corporate Development · 2026-07-21

Award

30,884 shares

Sanders Dax

President · 2026-07-21

Award

98,827 shares

Michels David Patrick

VP and Chief Financial Officer · 2026-07-21

Award

84,929 shares

Garthwaite Michael P.

VP (Pres., Products Pipelines) · 2026-07-21

Award

61,767 shares

Mody Sital K

V.P. (Pres.,Nat Gas Pipelines) · 2026-07-21

Award

154,417 shares

Schlosser John W

V.P. (President, Terminals) · 2026-07-21

Award

80,297 shares

ASHLEY ANTHONY B

VP (President, CO2 and ETV) · 2026-07-21

Award

66,400 shares

Dang Kimberly A

Chief Executive Officer · 2026-07-21

Award

399,167 shares

James Catherine C.

VP and General Counsel · 2026-07-21

Award

49,414 shares

Pitta Michael J

VP and Chief Admin. Officer · 2026-07-21

Award

24,707 shares

Garthwaite Michael P.

VP (Pres., Products Pipelines) · 2026-07-18

Tax withholding

$134K

Garthwaite Michael P.

VP (Pres., Products Pipelines) · 2026-07-18

Option exercise

15,915 shares

Pitta Michael J

VP and Chief Admin. Officer · 2026-07-18

Tax withholding

$114K

Pitta Michael J

VP and Chief Admin. Officer · 2026-07-18

Option exercise

14,468 shares

About Kinder Morgan, Inc.

Kinder Morgan, Inc. operates as a leading energy infrastructure company across North America. Its extensive operations are categorized into four primary business segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment manages a vast network of interstate and intrastate natural gas pipelines, along with underground storage systems. This includes natural gas gathering…

Oil & Gas Midstream

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works