KMI
Kinder Morgan, Inc. Energy Natural Gas Transmission S&P 500Russell 3000
$33.87Close
$75.4BMarket cap
$25.07 – $34.4352-week range
Jan 20, 2027Next report · estimated
Highlights
Strengths
- In a stage-2 uptrend all 8 trend conditions pass
- Near its high 2% below its 52-week high
- Earnings growing EPS +21% year on year, faster than the quarter before (+0 pts)
Cautions
- Financial distress Altman Z″ in the distress zone
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
2%
1wk
down 1.6%
price change
1mo
up 12.3%
price change
12-month return
up 35%
market up 11% ·
its own up 25%
F-score
—
— Not assessed
Altman Z″
0.65
Elevated risk
P/E
24.7×
price / earnings
PEG
1.47
P/E / EPS growth
P/B
2.4×
price / book
Earnings yield
up 4.5%
EBIT / enterprise value
Cheaper than
60%
of the market · cheap
Revenue growth
up 13%
year on year
EPS growth
up 21%
latest quarter · +0 pts
Sales growth
up 12%
latest quarter · -1 pts
ROE
up 10%
return on equity
Free cash margin
up 19%
$2.9B FCF
D/E
0.99
long-term debt / equity
Net debt / EBITDA
4.3×
Interest cover
—EBIT / interest
Piotroski tests
Repair signals
- Revenue reaccelerating (-1% then +13%)
Trade setup
ATR%
2.4%
$0.81 a day · 2×ATR $32.24
RS
70 / 99
vs the universe
Trend
8 / 8
trend template
Relative volume
1.1×
vs 50-day average
Up/down volume
0.91
50 sessions
Implied move
—
no scheduled report
Trend template · 8 of 8
Screen verdict
Did not qualify for any screen.
Warning signs
- Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
- Heavily indebted Net debt is 4.3 times EBITDA — roughly 4 years of earnings before interest, tax and depreciation to repay borrowings in full.
Last reported
Oct 21, 2026
Results reaction
Oct 21, 2026+1% vs market2 sessions after results
Options
$3.7M25.1% IV · activity
Financials
- Gross
- Net 20%
- Free cash 19%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $10.1B | $16.2B | $18.1B | $13.6B | $13.5B | $15.2B |
| Gross margin | 75% | 60% | 49% | — | — | — |
| Operating income | $1.6B | $2.9B | $4.1B | $4.3B | $4.4B | $4.7B |
| Net income | $119.0M | $1.8B | $2.5B | $2.4B | $2.6B | $3.1B |
| Net margin | 1% | 11% | 14% | 18% | 19% | 20% |
| Earnings per share | $0.05 | $0.79 | $1.13 | $1.07 | $1.18 | $1.37 |
| Free cash flow | $2.8B | $4.4B | $3.3B | $4.2B | $3.0B | $2.9B |
| Free cash margin | 28% | 27% | 18% | 31% | 22% | 19% |
| Cash | $1.2B | $1.1B | $745.0M | $83.0M | $88.0M | $63.0M |
| Long-term debt | $32.1B | $30.7B | $28.4B | $28.1B | $29.9B | $30.8B |
| Shareholders' equity | $31.4B | $30.8B | $30.7B | $30.3B | $30.5B | $31.2B |
| Shares outstanding | 2.26bn | 2.27bn | 2.25bn | 2.22bn | 2.22bn | 2.22bn |
What options price now
- Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
- $32 – $36 ±6.5% by Nov 27, 2026
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- About the same 25.1% priced · 25.0% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- Choppier
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: costs more
Positioning
- Premium traded
- $3.7M calls $3.6M · puts $96,292 · latest session
- 0.03× -0.45 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls +7.88k · puts -25.68k past week
For options traders: ATM IV 25.1% (-1.0% 1w) · 1m ÷ 3m IV 1.04 · 25Δ skew 2.2 pts · Net GEX $13.3M
Most traded contracts
No contract passed the liquidity filters this week.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Oct 23, 2026 | Quarterly ↗ | Sep 30, 2026 | 23d |
| Jul 24, 2026 | Quarterly ↗ | Jun 30, 2026 | 24d |
| Apr 24, 2026 | Quarterly ↗ | Mar 31, 2026 | 24d |
| Feb 13, 2026 | Annual ↗ | Dec 31, 2025 | 44d |
| Oct 24, 2025 | Quarterly ↗ | Sep 30, 2025 | 24d |
| Jul 18, 2025 | Quarterly ↗ | Jun 30, 2025 | 18d |
| Apr 18, 2025 | Quarterly ↗ | Mar 31, 2025 | 18d |
| Feb 13, 2025 | Annual ↗ | Dec 31, 2024 | 44d |
| Oct 18, 2024 | Quarterly ↗ | Sep 30, 2024 | 18d |
| Jul 19, 2024 | Quarterly ↗ | Jun 30, 2024 | 19d |
| Apr 19, 2024 | Quarterly ↗ | Mar 31, 2024 | 19d |
| Feb 20, 2024 | Annual ↗ | Dec 31, 2023 | 51d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 21, 2026 | Results ↗ |
| Sep 28, 2026 | Regulation FD ↗ |
| Sep 4, 2026 | Regulation FD ↗ |
| Aug 10, 2026 | Regulation FD ↗ |
| Aug 3, 2026 | Other events ↗ |
| Jul 22, 2026 | Results ↗ |
| May 28, 2026 | Material agreement · New obligation ↗ |
| May 19, 2026 | Shareholder vote ↗ |
| May 15, 2026 | Regulation FD ↗ |
| Apr 27, 2026 | Regulation FD ↗ |
| Apr 22, 2026 | Results · Director or officer change ↗ |
| Feb 23, 2026 | Regulation FD ↗ |