Kinder Morgan operates natural gas, crude oil, and refined products pipelines connecting producing regions to demand centers. It is principally involved in the gathering, storage, and transmission of natural gas across the continental United States. It also operates distribution centers for refined products along with the largest fleet of Jones Act-compliant tankers.
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The chart shows the growth of an initial investment of $10,000 in Kinder Morgan, Inc., comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Kinder Morgan, Inc. (KMI) has returned 19.93% so far this year and 35.23% over the past 12 months. Looking at the last ten years, KMI has achieved an annualized return of 6.65%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Kinder Morgan, Inc. (KMI) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.91% | 11.35% | -0.65% | -0.54% | ||||||||
| 2025 | -0.51% | 0.97% | 3.75% | -7.30% | 7.47% | 4.07% | -4.41% | -2.88% | 5.91% | -7.23% | 5.16% | 1.03% |
| 2024 | -4.41% | 2.78% | 5.52% | -0.49% | 6.33% | 2.00% | 5.76% | 2.03% | 2.98% | 11.26% | 15.11% | -2.91% |
| 2023 | 1.67% | -6.52% | 1.68% | -3.49% | -5.46% | 6.69% | 2.85% | -2.88% | -4.66% | -2.41% | 8.06% | 0.57% |
| 2022 | 8.84% | 0.75% | 8.24% | -4.62% | 8.78% | -15.27% | 6.77% | 3.21% | -8.42% | 5.96% | 4.77% | -5.98% |
| 2021 | 2.40% | 3.74% | 12.05% | 2.34% | 6.63% | -1.83% | -5.44% | -6.76% | 2.76% | -0.12% | -8.25% | 0.44% |
| 2020 | -1.79% | -8.10% | -28.10% | 16.70% | 6.40% | -3.80% | -7.24% | -1.57% | -10.52% | -2.46% | 19.53% | -6.82% |
| 2019 | 19.08% | 5.86% | 4.22% | -1.00% | 0.45% | 4.04% | -1.86% | -1.36% | 2.74% | -3.48% | -2.34% | 7.96% |
| 2018 | -1.86% | -10.10% | -6.92% | 5.33% | 5.64% | 5.62% | 1.02% | 0.40% | -4.17% | -0.12% | -10.69% | |
| 2017 | 6.79% | -5.20% | 1.07% | -5.11% | -8.98% | 2.08% | 6.57% | -5.57% | -0.78% | -4.98% | -5.59% | 4.45% |
| 2016 | 2.01% | 1.97% | 4.87% | 8.83% | 8.76% | 6.30% | -11.86% | 7.66% | -7.54% |
The charts below present risk-adjusted performance metrics for Kinder Morgan, Inc. (KMI) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of KMI compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Kinder Morgan, Inc. volatility is 1.22%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 72.75B | 71.41B | 71.02B | 70.08B | 70.42B | 71.97B | 74.16B | 78.87B | 79.06B | 80.31B | 84.10B | 83.20B | 75.19B | 68.19B | 30.72B |
| Temporary Equity (USD) | - | - | - | - | - | 728.00M | 803.00M | 666.00M | - | - | - | - | - | - | - |
| Equity Attributable To Parent (USD) | 31.16B | 30.53B | 30.31B | 30.74B | 30.82B | 31.44B | 33.74B | 33.68B | 33.64B | 34.43B | 35.12B | 34.08B | 13.09B | 13.87B | 3.32B |
| Equity Attributable To Noncontrolling Interest (USD) | 1.29B | 1.34B | 1.42B | 1.37B | 1.10B | 402.00M | 344.00M | 853.00M | 1.49B | 371.00M | 284.00M | 350.00M | 15.19B | 10.23B | 5.25B |
| Equity (USD) | 32.45B | 31.87B | 31.73B | 32.11B | 31.92B | 31.84B | 34.09B | 34.53B | 35.12B | 34.80B | 35.40B | 34.43B | 28.29B | 24.10B | 8.57B |
| Redeemable Noncontrolling Interest (USD) | - | - | - | - | - | 728.00M | 803.00M | 666.00M | - | - | - | - | - | - | - |
| Other Non-current Liabilities (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | 9.57B | - |
| Long-term Debt (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | 29.31B | - |
| Noncurrent Liabilities (USD) | 35.98B | 34.44B | 32.07B | 31.03B | 32.67B | 34.33B | 34.17B | 36.11B | 37.75B | 39.58B | 44.64B | 42.41B | 40.83B | 38.88B | 17.62B |
| Other Current Liabilities (USD) | 2.91B | 3.71B | 5.86B | 5.49B | 4.56B | 4.24B | 4.19B | 6.22B | 4.84B | 4.67B | 2.74B | 4.77B | 4.40B | 4.01B | 3.80B |
| Accounts Payable (USD) | 1.41B | 1.40B | 1.37B | 1.44B | 1.26B | 837.00M | 914.00M | 1.34B | 1.34B | 1.26B | 1.32B | 1.59B | 1.68B | 1.20B | 728.70M |
| Current Liabilities (USD) | 4.32B | 5.10B | 7.22B | 6.93B | 5.82B | 5.07B | 5.10B | 7.56B | 6.18B | 5.92B | 4.07B | 6.36B | 6.08B | 5.21B | 4.53B |
| Liabilities (USD) | 40.30B | 39.54B | 39.29B | 37.96B | 38.50B | 39.41B | 39.27B | 43.67B | 43.93B | 45.50B | 48.70B | 48.77B | 46.90B | 44.09B | 22.15B |
| Other Non-current Assets (USD) | 28.93B | 29.11B | 29.22B | 28.87B | 29.26B | 30.48B | 31.82B | 32.37B | 33.09B | 35.05B | 37.18B | 38.58B | 33.03B | 32.34B | 9.94B |
| Intangible Assets (USD) | 1.73B | 1.76B | 1.96B | 1.81B | 1.68B | 2.45B | 2.68B | 2.88B | 3.10B | 3.32B | 3.55B | 2.30B | 2.44B | 1.17B | 1.18B |
| Fixed Assets (USD) | 39.33B | 38.01B | 37.30B | 35.60B | 35.65B | 35.84B | 36.42B | 37.90B | 40.16B | 38.71B | 40.55B | 38.56B | 35.85B | 31.00B | 17.93B |
| Noncurrent Assets (USD) | 69.99B | 68.89B | 68.48B | 66.28B | 66.59B | 68.77B | 70.92B | 73.14B | 76.34B | 77.08B | 81.28B | 79.45B | 71.32B | 64.51B | 29.05B |
| Other Current Assets (USD) | 2.18B | 1.97B | 2.02B | 3.17B | 3.27B | 2.86B | 2.87B | 5.34B | 2.29B | 2.87B | 2.42B | 3.29B | 3.44B | 3.30B | 1.55B |
| Inventory (USD) | 574.00M | 555.00M | 525.00M | 634.00M | 562.00M | 348.00M | 371.00M | 385.00M | 424.00M | 357.00M | 407.00M | 459.00M | 430.00M | 374.00M | 109.80M |
| Current Assets (USD) | 2.75B | 2.52B | 2.54B | 3.80B | 3.83B | 3.20B | 3.24B | 5.72B | 2.72B | 3.23B | 2.82B | 3.75B | 3.87B | 3.67B | 1.66B |
| Assets (USD) | 72.75B | 71.41B | 71.02B | 70.08B | 70.42B | 71.97B | 74.16B | 78.87B | 79.06B | 80.31B | 84.10B | 83.20B | 75.19B | 68.19B | 30.72B |
Three pipeline companies—Energy Transfer, Enbridge, and Kinder Morgan—generate stable, predictable cash flows from long-term contracts and regulated rate structures, making them reliable income-producing investments regardless of oil price fluctuations. Each company has multi-billion-dollar expansion projects underway through 2030 and maintains consistent dividend growth histories.
The article recommends four energy sector dividend stocks as reliable income sources despite market volatility. Oneok and Kinder Morgan are highlighted as midstream pipeline companies with strong recurring revenue, Chevron is praised for its diversified operations and 39-year dividend growth streak, and Constellation Energy is positioned to benefit from growing nuclear energy demand for data centers.
Xage Security reported 81% year-over-year revenue growth and 102% customer growth, driven by adoption of its Zero Trust platform across critical infrastructure and AI environments. The company launched Zero Trust for AI, secured a strategic partnership with NVIDIA, and closed $15M in equity funding. Expansion includes new leadership hires and partnerships with major system integrators and channel partners globally.
The article recommends three energy stocks for long-term dividend income: Clearway Energy, Chevron, and Kinder Morgan. Clearway Energy offers a 4.7% dividend yield with expected 7-8% annual free cash flow growth through 2030. Chevron, with a 3.9% yield, has 39 consecutive years of dividend increases and expects 10%+ annual free cash flow growth through 2030. Kinder Morgan provides a 3.6% yield with $10 billion in growth projects through 2030 and nine consecutive years of dividend increases.
The article recommends three pipeline stocks—Enbridge, Kinder Morgan, and Williams—as ideal long-term dividend investments. These companies benefit from stable, regulated cash flows and have significant expansion projects in their backlogs. With growing energy demand and AI data center electricity needs, they are positioned to deliver steadily rising dividend income for decades.
Oneok and Kinder Morgan are compared as dividend-paying pipeline stocks. Oneok offers a higher current yield of 5% with expected 3-4% annual dividend growth, making it better for income-focused investors. Kinder Morgan has a 3.7% yield with 9 consecutive years of increases and $20 billion in expansion projects, offering higher growth potential for total returns.
The article recommends two pipeline stocks for income-focused investors: Enterprise Products Partners (EPD) and Kinder Morgan (KMI). Both companies benefit from record U.S. oil and natural gas production, with stable fee-based income models and strong dividend yields. EPD operates 50,000+ miles of pipelines with a 6.6% dividend yield and 27 consecutive years of dividend increases, while KMI controls 40% of U.S. natural gas transportation with connections to major supply basins and demand centers, including growing AI data center power needs.
Natural gas futures surged past $5 per MMBtu, marking a historic 60% weekly gain—the largest since 1990—as a record cold wave grips 40 U.S. states. Production disruptions from freeze-offs could peak at 15 Bcf/d while heating demand surges, creating near-term deliverability risks. Natural gas equities rallied sharply in response to the price spike.
The article argues against chasing Venezuelan oil opportunities and instead recommends domestic U.S. energy infrastructure plays. It highlights Diamondback Energy as an efficient Permian Basin operator with strong cash flow and shareholder returns, Kinder Morgan as a stable natural gas pipeline toll collector benefiting from AI-driven energy demand, and Kayne Anderson Energy Infrastructure as a high-yielding closed-end fund offering exposure to energy logistics at a discount to net asset value.
While EQT Corp is a strong natural gas producer positioned to benefit from growing demand, analyst Matt DiLallo recommends buying Kinder Morgan first in 2026. Kinder Morgan's midstream pipeline business offers more predictable cash flow with 69% from take-or-pay contracts and lower commodity price exposure, compared to EQT's upstream production which faces volatile gas pricing. Both companies stand to benefit from AI data center demand and LNG exports, but Kinder Morgan's stable earnings support a higher 4.3% dividend yield with nine consecutive annual increases expected.