Kinder Morgan, Inc. (KMI)

FairStock Score: 56/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Kinder Morgan is the kind of asset-heavy midstream business I can understand: it moves natural gas, refined products, and other energy through pipelines and terminals. Those networks are difficult to duplicate, which gives it a durable competitive edge, though regulators and energy transition are real long-term questions. The numbers show a steady stalwart. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $4.1B, net income $867.0M, and diluted EPS $0.39. A year earlier, in fiscal Q2 2025, revenue was $3.6B, net income $715.0M, and EPS $0.32. For FY2025, the year ended 2025-12-31, revenue was $15.2B, net income $3.1B, and EPS $1.37, up from FY2023, the year ended 2023-12-31, when revenue was $13.6B, net income $2.4B, and EPS $1.06. That is respectable growth. FairStock’s return calculations are less exciting: ROE 10.99%, ROCE 4.45%, FCF yield 4.2%, and D/E 0.99. The balance sheet uses leverage, and FairStock’s Altman Z of 0.97 and Piotroski F-Score of 5/9 say financial strength is not pristine. On valuation, at the 2026-10-13 close of $33.43, FairStock calculates P/E 21.57, P/B 2.35, PEG 1.01, EV/EBITDA 13.84, and dividend yield 3.71%. Graham Number is $22.27, so the price trades at a negative margin of safety of -50.11%. A FairStock Score of 56/100 and Lynch STALWART label fit: steady, but not cheap. The margin of safety is negative, so this is not a Graham-style bargain at that close.

In plain English: Kinder Morgan runs pipelines and energy terminals in North America. It makes steady profits and has grown its sales and income, but it carries a lot of debt. At the recent price, the stock looks full or a little expensive compared with its earnings and assets, not a clear bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer