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Kinder Morgan, Inc. (KMI)
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Kinder Morgan, Inc. (KMI) Enterprise Value (EV): $103.86B

The enterprise value (EV) for Kinder Morgan, Inc. (KMI) is $103.86B as of Tuesday, June 23, 2026.

KMI Enterprise Value (EV) Metrics

ENTERPRISE VALUE (EV)

$103.86B

KMI Competitors' Enterprise Value (EV)

NAMEMARKET CAPENTERPRISE VALUE (EV)
Kinder Morgan, Inc. (KMI)$71.75B$103.86B
SLB N.V. (SLB)vs ›$71.69B$65.73B
Marathon Petroleum Corporation (MPC)vs ›$72.19B$80.29B
Valero Energy Corporation (VLO)vs ›$72.39B$57.32B
EOG Resources, Inc. (EOG)vs ›$70.52B$61.64B
Phillips 66 (PSX)vs ›$67.52B$74.16B
Suncor Energy Inc. (SU)vs ›$66.39B$64.75B
Targa Resources Corp. (TRGP)vs ›$56.78B$57.05B
Canadian Natural Resources Limited (CNQ)vs ›$87.16B$84.59B
ONEOK, Inc. (OKE)vs ›$54.37B$79.04B

Enterprise Value Calculation

Market Cap

$71.75B

+

Total Debt

$32.22B

Cash

$109.00M

=

Enterprise Value

$103.86B

EV-Based Valuation Multiples

Why use EV instead of Market Cap?

  • EV accounts for debt - an acquirer must pay or assume it
  • EV deducts cash - the acquirer effectively receives it
  • EV enables fair comparison of companies with different capital structures
  • EV-based ratios (EV/EBITDA, EV/Sales) are capital structure neutral

Kinder Morgan, Inc. Enterprise Value (EV) Formula & Definition

Enterprise Value represents the total value of a company as if you were to acquire it completely - paying for equity while assuming debt and receiving cash.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Kinder Morgan, Inc. Enterprise Value (EV) FAQ

What is the enterprise value (EV) for Kinder Morgan, Inc. (KMI)?
The enterprise value (EV) for KMI stock is $103.86B.

About Kinder Morgan, Inc.

Kinder Morgan, Inc. operates as a leading energy infrastructure company across North America. Its extensive operations are categorized into four primary business segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment manages a vast network of interstate and intrastate natural gas pipelines, along with underground storage systems. This includes natural gas gathering systems, processing and treatment facilities, natural gas liquids fractionation plants, transportation systems, and infrastructure for liquefied natural gas liquefaction and storage. Within its Products Pipelines segment, the company owns and operates pipelines designed for refined petroleum products, crude oil, and condensate, supported by associated product terminals and facilities for petroleum pipeline transmix. The Terminals segment involves the ownership and operation of both liquid and bulk terminals that are utilized for storing and handling a wide array of commodities, such as gasoline, diesel fuel, various chemicals, ethanol, metals, and petroleum coke. This division also includes the ownership of tankers. Lastly, the CO2 segment is dedicated to the production, transportation, and marketing of carbon dioxide, primarily for enhanced oil recovery from mature oil fields. This segment also holds interests in or operates oil fields and gasoline processing plants, oversees a crude oil pipeline system located in West Texas, and manages renewable natural gas (RNG) and liquefied natural gas (LNG) facilities. In total, Kinder Morgan owns and operates approximately 83,000 miles of pipelines and 143 terminals. The company, initially named Kinder Morgan Holdco LLC, officially changed its name to Kinder Morgan, Inc. in February 2011. Founded in 1936, its corporate headquarters are situated in Houston, Texas.

Houston, TX
10,933 employees
Energy / Oil & Gas Midstream
Sector
Energy
Industry
Oil & Gas Midstream
CEO
Kimberly Allen Dang