KINDER MORGAN, INC.
At today's price, KINDER MORGAN, INC. (KMI) is priced for +14.3% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
The single number that defines Kinder Morgan is the $10.1 billion project backlog, about 92% tied to natural gas, expected to convert at roughly a 5.6x first-full-year EBITDA multiple. That backlog is the growth the price is paying for. Q1 2026 was strong: net income of $976 million, adjusted EBITDA up 18% to $2.54 billion, and adjusted EPS of $0.48, up 41% year over year, as utilization on the five largest natural-gas pipelines topped 90% with transport volumes up 8%. The price embeds about 1
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1,785 institutional managers reported holding KMI in 13F filings for the quarter ended 2026-03-31. Together they hold about 66% of the company; the top 10 hold 34%. 199 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 40.3M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (4.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
KMI has cut its share count 1.8% over the past five years, spending $897.00M on repurchases. It pays a dividend, and has for 13 years running, raised 8 years straight; the current rate is $1.17 a share annually. Cash returned over the past three years: $7.08B in dividends and $212.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at KMI over the trailing three years: 2024: 3 buys totaling $257k; 2025: 4 buys totaling $26.15M; 2026: 1 buy totaling $89k. 18 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
KMI's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-22 | +2.1% | -6.7% |
| 2023-10-24 | -1.9% | +5.9% |
| 2024-02-21 | +0.2% | +8.0% |
| 2024-04-20 | +2.9% | +4.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
KMI's latest 8-K filings: 2026-05-28 (items 1.01, 2.03); 2026-05-19 (items 5.07); 2026-05-15 (items 7.01); 2026-04-27 (items 7.01); 2026-04-22 (items 2.02, 5.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.