Kinder Morgan, Inc. (KMI) FCF Payout Ratio: 67.19%
Is Kinder Morgan, Inc.’s FCF payout ratio high or low?
Kinder Morgan, Inc.'s FCF payout ratio of 67.19% is in line with its 5-year average of 73.33%, around the middle of its 5-year range (55.18%–85.06%).
19.00% below its 12-month average of 82.95%.
KMI FCF Payout Ratio Chart
KMI Average FCF Payout Ratio Chart
KMI Current vs Average FCF Payout Ratio Chart
KMI FCF Payout Ratio Metrics
FCF PAYOUT RATIO
67.19%
FCF PAYOUT RATIO AVG TTM
82.95%
FCF PAYOUT RATIO AVG 3Y
75.44%
FCF PAYOUT RATIO AVG 5Y
73.33%
FCF PAYOUT RATIO AVG 10Y
97.12%
FCF PAYOUT RATIO AVG 15Y
81.87%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-19.00%
CURRENT VS 3Y AVG
-10.93%
CURRENT VS 5Y AVG
-8.38%
CURRENT VS 10Y AVG
-30.82%
CURRENT VS 15Y AVG
-17.94%
CURRENT VS 20Y AVG
N/A
Payout Ratio Comparison
FCF Payout Ratio
67.2%
Earnings Payout Ratio
85.8%
Dividend Yield
3.64%
FCF Yield
5.42%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $3.22B | $2.60B | 80.8% |
| 2024 | $3.01B | $2.56B | 85.1% |
| 2023 | $4.15B | $2.53B | 61.0% |
| 2022 | $3.35B | $2.50B | 74.8% |
| 2021 | $4.43B | $2.44B | 55.2% |
| 2020 | $2.84B | $2.36B | 83.1% |
| 2019 | $2.48B | $2.16B | 87.3% |
| 2018 | $2.12B | $1.77B | 83.7% |
| 2017 | $1.41B | $1.28B | 90.3% |
| 2016 | $1.91B | $1.27B | 66.8% |
| 2015 | $1.41B | $4.22B | 300.2% |
| 2014 | $850.00M | $1.76B | 207.1% |
| 2013 | $695.00M | $1.62B | 233.4% |
| 2012 | $773.00M | $1.18B | 153.2% |
| 2011 | $1.17B | $769.60M | 66.1% |
| 2010 | $908.50M | $700.00M | 77.1% |
| 2009 | $263.20M | $650.00M | 247.0% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Kinder Morgan, Inc. FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Kinder Morgan, Inc. FCF Payout Ratio FAQ
- What is the FCF payout ratio for Kinder Morgan, Inc. (KMI)?
- The FCF payout ratio for KMI stock is 67.19%.
- Is Kinder Morgan, Inc.'s FCF payout ratio high or low?
- Kinder Morgan, Inc.'s FCF payout ratio of 67.19% is in line with its 5-year average of 73.33%, around the middle of its 5-year range (55.18%–85.06%).
- What is the TTM average FCF payout ratio for Kinder Morgan, Inc. (KMI)?
- The TTM average FCF payout ratio for KMI stock is 82.95%.
- What is the 3Y average FCF payout ratio for Kinder Morgan, Inc. (KMI)?
- The 3Y average FCF payout ratio for KMI stock is 75.44%.
- What is the 5Y average FCF payout ratio for Kinder Morgan, Inc. (KMI)?
- The 5Y average FCF payout ratio for KMI stock is 73.33%.
- What is the 10Y average FCF payout ratio for Kinder Morgan, Inc. (KMI)?
- The 10Y average FCF payout ratio for KMI stock is 97.12%.
- What is the 15Y average FCF payout ratio for Kinder Morgan, Inc. (KMI)?
- The 15Y average FCF payout ratio for KMI stock is 81.87%.
Kinder Morgan, Inc. FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 80.84% |
| 2024-12-31 | 85.06% |
| 2023-12-31 | 61.00% |
| 2022-12-31 | 74.84% |
| 2021-12-31 | 55.18% |
| 2020-12-31 | 83.08% |
| 2019-12-31 | 87.29% |
| 2018-12-31 | 83.72% |
| 2017-12-31 | 90.30% |
| 2016-12-31 | 66.77% |
| 2015-12-31 | 300.21% |
| 2014-12-31 | 207.06% |
| 2013-12-31 | 233.38% |
| 2012-12-31 | 153.17% |
| 2011-12-31 | 66.06% |
| 2010-12-31 | 77.05% |
| 2009-12-31 | 246.96% |
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