KMI
KINDER MORGAN, INC.Evidence as of 2026-09-03Overview · KINDER MORGAN, INC.
Kinder Morgan, Inc. operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liq…
Management team
- Mr. Kevin P. Grahmann · VP & Head of the Corporate DevelopmentFind on LinkedIn
- Mr. Dax A. Sanders CPA · VP & President of Products PipelinesFind on LinkedIn
- Mr. David W. Conover · Vice President of Government Relations & CommunicationsFind on LinkedIn
- Ms. Catherine B. Callaway James · VP & General CounselFind on LinkedIn
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Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
+0.0 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
The surviving record shows reported quarterly revenues of $ 4,042,000,000 for the quarter ended 30 June 2025, $ 4,146,000,000 for the quarter ended 30 September 2025, $ 4,828,000,000 for the quarter ended 31 March 2026 (fiscal Q1 2026 = fiscal quarter ended 2026-04-23), and $ 4,477,000,000 for the quarter ended 30 June 2026 (fiscal Q2 2026 = fiscal quarter ended 2026-07-23). Reported operating income was $ 1,152,000,000, $ 1,063,000,000, $ 1,444,000,000, and $ 1,346,000,000 for those same respective quarters.
Calculated operating margins implied by those figures sit in a roughly ~ 25.6%–30.1% range (about 28.5% for the quarter ended 30 June 2025, about 25.6% for the quarter ended 30 September 2025, about 29.9% for the quarter ended 31 March 2026, and about 30.1% for the quarter ended 30 June 2026). The desk also notes falling long-term noncurrent debt from $ 31,871,000,000 as of 30 June 2025 to $ 29,805,000,000 as of 30 June 2026, modest net share issuance (common shares outstanding rising to 2,226,802,089 as of 23 July 2026), and trailing-twelve-month FCF of $ 2,479,000,000 (price/FCF = 28.69). Market measures show the price is marginally above the 50‑day and 200‑day SMAs with a golden cross present, dividend yield of 3.69%, low-to-negative beta versus SPY ( - 0.15), and elevated volatility versus its own history (72nd percentile).
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Reported quarterly revenues were 4,042,000,000 for the quarter ended 30 June 2025, 4,146,000,000 for the quarter ended 30 September 2025, 4,828,000,000 for the quarter ended 31 March 2026 (fiscal Q1 2026, 2026-01-01 to 2026-03-31), and 4,477,000,000 for the quarter ended 30 June 2026 (fiscal Q2 2026, 2026-04-01 to 2026-06-30).
XBRL companyfacts · 0001506307-25-000045Operating income was 1,152,000,000 for the quarter ended 30 June 2025, 1,063,000,000 for the quarter ended 30 September 2025, 1,444,000,000 for the quarter ended 31 March 2026 (fiscal Q1 2026), and 1,346,000,000 for the quarter ended 30 June 2026 (fiscal Q2 2026).
XBRL companyfacts · 0001506307-26-000035Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
A Form 4 with the 4 filed 18 August 2026 was filed on 2026-08-18.
4 filed 2026-08-18The provided evidence record for this filing shows parse_status = "skipped" and primary_doc_url = null, indicating the filing content was not supplied in the evidence set.
4 filed 2026-08-18Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
Price is above the 50-day simple moving average by +0.4% and above the 200-day simple moving average by +4.6%, and a golden cross is present.
Moneyta signal set · 2026-09-02Short-term momentum is +2.9% over 3 months while 6-month momentum is -4.0% (ranked in the 28th percentile of the 547-stock universe), and the 12_1 momentum metric is +16.2% (50th percentile).
Moneyta signal set · 2026-09-02weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-02, KMI was held in the IVV ETF at a weight of 0.1% of that fund.
ETF constituents · market dataA Form 4 insider filing for KMI was submitted with the 4 filed 18 August 2026 and filed on 2026-08-18 (parse_status: skipped; primary_doc_url: null).
Form 4 × 1 (90d window not enforced here)Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
A headline comparing Kinder Morgan and Williams on dividend metrics ran on finance.yahoo.com on 2 September 2026, framing coverage around dividend growth rates, payout coverage, and dividend-streak length.
News · finance.yahoo.com · 2026-09-02Coverage in kalkinemedia.com on 2 September 2026 frames Kinder Morgan as central to the natural-gas infrastructure story, linking the company to broader themes of export growth and rising electricity demand.
News · kalkinemedia.com · 2026-09-02Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
An insider, Garthwaite Michael P. (VP (Pres., Products Pipelines)), sold 1,550 shares for total proceeds of "$51k" on 2026-08-17.
Form 4 · Garthwaite Michael P. (VP (Pres., Products Pipelines)) · $51k sold · 2026-08-17The filing states the trade was made under a "10b5-1 plan (stated on the filing)".
Form 4 · Garthwaite Michael P. (VP (Pres., Products Pipelines)) · $51k sold · 2026-08-17Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The market-implied free cash flow (FCF) growth rate that today's price would justify, under the valuation's stated discount and terminal assumptions, is 18.01%.
Valuation inputs · SEC XBRL + stored EOD closePrice-to-free-cash-flow (price/FCF) based on trailing twelve months FCF is 28.69, with FCF TTM of $2,479,000,000 and FCF per share $1.1142 against a price of $31.97.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
Several company-specific operating and market signals in the evidence set support a favorable read. Reported quarterly operating income and revenues produce expanding operating margins from late 2025 into 2026, while long-term noncurrent debt shows a steady decline over the same reporting periods. Market indicators show a constructive technical backdrop (price above 50- and 200-day averages with a golden cross), a relatively high trailing dividend yield, and very low beta versus the market, which together point to income-oriented, lower market-sensitivity characteristics. The bear case leans on valuation and short-term volatility metrics, but those items are either valuation-model dependent (high implied FCF growth required at current price) or reflect recent dispersion in momentum rather than company-level deterioration; several of the negative datapoints (insider Form 4 parse skipped; the insider sale was executed under a stated 10b5-1 plan and is small in dollar terms) are thin or procedural in the supplied evidence. Taken jointly, the strongest, internally consistent claims are the margin expansion, improving operating income, debt reduction, and income/low-beta market profile.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.30
30 surviving claims rest on 16 distinct sources; the heaviest analyst carries 20% of them, and 97% of what the desk raised survived the debate.
The read rests on a moderate spread of sources (16) supporting 30 claims, so there is some redundancy but not deep independent corroboration. The single heaviest analyst accounting for one-fifth of surviving claims and a 97% survival rate in debate suggest low internal pushback — treat these claims as informationally useful but somewhat fragile to a single-source revision or new filing.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
11 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+0.6 to the score
1 document
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.0 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash+0.2 to the score
2 holdings records
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.0 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 filing
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state — stated and inferred flags kept apart.
Read by Talbot−0.7 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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The full terminal on KMI Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.