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)
| NAME | MARKET CAP | ENTERPRISE 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.
Related Metrics
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.
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- CEO
- Kimberly Allen Dang