KMI
Market read
The latest filing evidence is available. 0 of 19 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
Invalidation: The isolated read changes if KMI's group or a disclosed connection begins moving with it.
Research brief
The latest filing evidence is available. 0 of 19 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
No thresholded adverse filing evidence is available yet.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“The $16 million (2%) and $51 million (4%) increases, respectively, in Ea st were primarily driven by (i) completed expansion projects; (ii) lower pipeline maintenance costs; and (iii) increased demand for our services primarily due to weather partially offset…”10-Q · Jul 24, 2026 ↗
“The increase in the six-month period was further impacted by increased sales margin primarily due to higher commodity prices due to colder winter weather on our Texas intrastate systems.”10-Q · Jul 24, 2026 ↗
“The overall $1,491 million unfavorable change from year-end 2025 was primarily due to (i) an $878 million increase in senior notes that mature in the next twelve months; (ii) a $325 million increase in commercial paper borrowings partly used to fund our Monum…”10-Q · Jul 24, 2026 ↗
“The increases were primarily driven by greater activity, including labor costs, and inflation.”10-Q · Jul 24, 2026 ↗
Valuation discipline
Price/sales 4.5× · EV/sales 6.5×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for KMI. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
10-Q filed 2026-04-24 against the comparable filing from 2025-04-18.
No thresholded deterioration was identified.
“34 Below are the changes in Natural Gas Pipelines Segment EBDA: Three Months Ended March 31, 2026 2025 Increase/ (Decrease) (In millions) Midstream $ 647 $ 445 $ 202 East 781 746 35 West 283 262 21 Total Natural Gas Pipelines $ 1,711 $ 1,453 $ 258 The changes in Natural Gas Pipelines Segment EBDA in the comparable three-month periods ended March 31, 2026 and 2025 are explained by the following discussion: • The $202 million (45%) increase in Midstream was primarily driven by (i) increased sales margin resulting from higher commodity prices and volumes and increased demand for our services due to colder winter weather on our Texas intrastate systems ; ( ii) higher volumes on KinderHawk Field...”
“The increase was primarily due to (i) an increase in natural gas sales of $460 million due to higher commodity prices and volumes; a nd (ii) an increase in services revenues of $157 million resulting from higher volumes, primarily driven by increased demand for services and expansion projects placed into service, and higher rates partially offset by a decrease in product sales of $34 million driven primarily by lowe r commodity prices.”
“e to higher commodity prices and volumes; a nd (ii) an increase in services revenues of $157 million resulting from higher volumes, primarily driven by increased demand for services and expansion projects placed into service, and higher rates partially offset by a decrease in product sales of $34 million driven primarily by lowe r commodity prices.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“For more detail of significant Certain Items, see the discussion of changes in Segment EBDA below.”
“The $20 million (7%) decrease in Bulk was primarily driven by the impact of the 2025 closure of LyondellBasell’s Houston refinery on our petroleum coke handling operations partially offset by decreased demurrage costs at our International Marine Terminal.”
Depended on by
“Hector Balderas, Attorney General filed a complaint against ETO, Transwestern, Kinder Morgan, Inc., El Paso Natural Gas L.L.C.”
Filing peers
Companies whose filings use similar operating language.
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What is moving around it
KMI is currently a Follower in the organic co-movement group Oil & Gas Midstream. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
No durable theme membership has been observed for this name yet.