Kinder Morgan Inc
Kinder Morgan, Inc. operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; na… Read more
Kinder Morgan Inc (KMI) - Net Assets
Latest net assets as of December 2025: $32.45 Billion USD
Based on the latest financial reports, Kinder Morgan Inc (KMI) has net assets worth $32.45 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($72.75 Billion) and total liabilities ($40.30 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $32.45 Billion |
| % of Total Assets | 44.6% |
| Annual Growth Rate | 12.26% |
| 5-Year Change | 1.65% |
| 10-Year Change | -6.76% |
| Growth Volatility | 39.49 |
Kinder Morgan Inc - Net Assets Trend (2000–2025)
This chart illustrates how Kinder Morgan Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kinder Morgan Inc (2000–2025)
The table below shows the annual net assets of Kinder Morgan Inc from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $32.45 Billion | +1.83% |
| 2024-12-31 | $31.87 Billion | +0.43% |
| 2023-12-31 | $31.73 Billion | -1.20% |
| 2022-12-31 | $32.11 Billion | +0.60% |
| 2021-12-31 | $31.92 Billion | -1.98% |
| 2020-12-31 | $32.57 Billion | -6.66% |
| 2019-12-31 | $34.89 Billion | -0.88% |
| 2018-12-31 | $35.20 Billion | +0.21% |
| 2017-12-31 | $35.12 Billion | +0.93% |
| 2016-12-31 | $34.80 Billion | -2.05% |
| 2015-12-31 | $35.53 Billion | +3.21% |
| 2014-12-31 | $34.43 Billion | +21.71% |
| 2013-12-31 | $28.29 Billion | +17.37% |
| 2012-12-31 | $24.10 Billion | +181.28% |
| 2011-12-31 | $8.57 Billion | +0.34% |
| 2010-12-31 | $8.54 Billion | -3.46% |
| 2009-12-31 | $8.85 Billion | +4.34% |
| 2008-12-31 | $8.48 Billion | -23.87% |
| 2007-12-31 | $11.14 Billion | +68.28% |
| 2006-12-31 | $6.62 Billion | +27.95% |
| 2005-12-31 | $5.17 Billion | +30.26% |
| 2004-12-31 | $3.97 Billion | +8.00% |
| 2003-12-31 | $3.68 Billion | +10.64% |
| 2002-12-31 | $3.32 Billion | +7.97% |
| 2001-12-31 | $3.08 Billion | +70.75% |
| 2000-12-31 | $1.80 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kinder Morgan Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Comprehensive Income | $45.00 Million | 0.14% |
| Other Components | $31.12 Billion | 99.86% |
| Total Equity | $31.16 Billion | 100.00% |
Kinder Morgan Inc Competitors by Market Cap
The table below lists competitors of Kinder Morgan Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Intel Corp. CEDEAR
BA:INTC
|
$63.23 Billion |
|
Cintas Corporation
NASDAQ:CTAS
|
$63.40 Billion |
|
CSL Limited
PINK:CMXHF
|
$63.46 Billion |
|
Elevance Health Inc
NYSE:ELV
|
$63.54 Billion |
|
TC Energy Corp
NYSE:TRP
|
$62.83 Billion |
|
Tokio Marine Holdings Inc
PINK:TKOMY
|
$62.70 Billion |
|
Shandong Zhongji Electrical Equipment Co Ltd
SHE:300308
|
$62.46 Billion |
|
Nike Inc
NYSE:NKE
|
$62.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kinder Morgan Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 30,531,000,000 to 31,162,000,000, a change of 631,000,000 (2.1%).
- Net income of 3,056,000,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 140,000,000.
- Other factors decreased equity by 2,565,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.06 Billion | +9.81% |
| Other Comprehensive Income | $140.00 Million | +0.45% |
| Other Changes | $-2.56 Billion | -8.23% |
| Total Change | $- | 2.07% |
Book Value vs Market Value Analysis
This analysis compares Kinder Morgan Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.33x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 9.65x to 2.33x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $3.38 | $32.61 | x |
| 2009-12-31 | $3.20 | $32.61 | x |
| 2010-12-31 | $2.64 | $32.61 | x |
| 2011-12-31 | $4.69 | $32.61 | x |
| 2012-12-31 | $10.24 | $32.61 | x |
| 2013-12-31 | $12.64 | $32.61 | x |
| 2014-12-31 | $29.97 | $32.61 | x |
| 2015-12-31 | $16.05 | $32.61 | x |
| 2016-12-31 | $15.44 | $32.61 | x |
| 2017-12-31 | $15.08 | $32.61 | x |
| 2018-12-31 | $15.20 | $32.61 | x |
| 2019-12-31 | $14.90 | $32.61 | x |
| 2020-12-31 | $13.89 | $32.61 | x |
| 2021-12-31 | $13.60 | $32.61 | x |
| 2022-12-31 | $13.61 | $32.61 | x |
| 2023-12-31 | $13.57 | $32.61 | x |
| 2024-12-31 | $13.75 | $32.61 | x |
| 2025-12-31 | $14.01 | $32.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kinder Morgan Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.81%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.03%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 2.33x
- Recent ROE (9.81%) is above the historical average (3.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 8.46% | 5.60% | 0.32x | 4.68x | $-27.76 Million |
| 2001 | 9.96% | 21.34% | 0.11x | 4.22x | $-929.70K |
| 2002 | 12.85% | 29.82% | 0.10x | 4.29x | $67.23 Million |
| 2003 | 14.32% | 34.77% | 0.11x | 3.76x | $115.09 Million |
| 2004 | 18.22% | 44.82% | 0.12x | 3.53x | $235.60 Million |
| 2005 | 14.13% | 34.97% | 0.09x | 4.45x | $162.18 Million |
| 2006 | 2.04% | 0.61% | 0.44x | 7.61x | $-280.26 Million |
| 2007 | 4.00% | 2.96% | 0.29x | 4.62x | $-469.25 Million |
| 2008 | -81.72% | -29.76% | 0.48x | 5.78x | $-4.04 Billion |
| 2009 | 11.87% | 6.89% | 0.26x | 6.61x | $77.95 Million |
| 2010 | -1.20% | -0.50% | 0.28x | 8.41x | $-385.21 Million |
| 2011 | 17.90% | 7.19% | 0.27x | 9.25x | $262.30 Million |
| 2012 | 3.20% | 4.45% | 0.15x | 4.92x | $-942.60 Million |
| 2013 | 9.11% | 8.48% | 0.19x | 5.74x | $-116.30 Million |
| 2014 | 3.01% | 6.32% | 0.19x | 2.44x | $-2.38 Billion |
| 2015 | 0.96% | 2.34% | 0.17x | 2.39x | $-3.18 Billion |
| 2016 | 2.06% | 5.42% | 0.16x | 2.33x | $-2.74 Billion |
| 2017 | 0.54% | 1.34% | 0.17x | 2.35x | $-3.18 Billion |
| 2018 | 4.78% | 11.38% | 0.18x | 2.34x | $-1.76 Billion |
| 2019 | 6.49% | 16.58% | 0.18x | 2.20x | $-1.18 Billion |
| 2020 | 0.57% | 1.54% | 0.16x | 2.29x | $-2.96 Billion |
| 2021 | 6.00% | 11.14% | 0.24x | 2.28x | $-1.23 Billion |
| 2022 | 8.54% | 13.67% | 0.27x | 2.28x | $-449.20 Million |
| 2023 | 8.20% | 16.21% | 0.22x | 2.34x | $-544.60 Million |
| 2024 | 8.56% | 17.34% | 0.21x | 2.34x | $-440.10 Million |
| 2025 | 9.81% | 18.03% | 0.23x | 2.33x | $-60.20 Million |
Industry Comparison
This section compares Kinder Morgan Inc's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $1,071,361,856
- Average return on equity (ROE) among peers: -9.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kinder Morgan Inc (KMI) | $32.45 Billion | 8.46% | 1.24x | $63.22 Billion |
| Antero Midstream Partners LP (AM) | $1.34 Billion | 1.25% | 0.04x | $7.51 Billion |
| AltaGas Ltd (ATGFF) | $336.26 Million | 8.53% | 1.64x | $8.06 Billion |
| ATGPF (ATGPF) | $7.60 Billion | 3.72% | 1.84x | $4.11 Billion |
| Avance Gas Holding Ltd (AVACF) | $112.20 Million | -0.25% | 4.24x | $7.70K |
| CBL International Limited Ordinary Shares (BANL) | $8.43 Million | 42.35% | 2.20x | $3.34 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $340.19 Million | 9.33% | 0.00x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $125.13 Million | -65.77% | 1.46x | $32.39 Million |
| Brooge Energy Limited (BROGW) | $56.77 Million | -85.14% | 7.56x | $5.67K |
| Willow Biosciences Inc (CANSF) | $29.68 Million | -20.69% | 0.18x | $2.85 Million |
| Cool Company Ltd (CLCO) | $761.50 Million | 12.89% | 1.95x | $145.96 Million |