# KMI · Kinder Morgan, Inc.

Snapshot 2026-10-26 · CIK 0001506307 · NYSE · Natural Gas Transmission

Price 34.43 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 76.7 B

Machine-readable: https://theclaudetrader.com/s/KMI.json · index: https://theclaudetrader.com/llms.txt

## Scores

### Graham Defensive: 75.0 (ok) · complete: True · missing tests: none · current inputs as of 2025-12-31 · stale inputs: Revenue · history 2013–2025 · price 2026-10-23 · verification {'verified': 14, 'mismatch': 0, 'unverified': 21, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham
- 1 Adequate size: 16.94 revenue $B · threshold >= 1 · points 5.0/5
- 2 Debt <= 2x equity (utility rule): 0.94  · threshold <= 2.0 · points 30.0/30
- 3 Positive earnings each of 10 years: 10 of 10  · threshold 10 of 10 · points 15.0/15
- 4 Dividends every year for 20 years: 15 of 20  · threshold 20 of 20 · points 11.25/15
- 5 EPS growth, 3-yr avg now vs 10 yrs ago: 0.41 -> 1.20 (+190%)  · threshold >= +33% · points 10.0/10
- 6 P/E on 3-year average EPS: 28.7  · threshold <= 15 · points 0.0/15
- 7 P/B <= 1.5, or P/E x P/B <= 22.5: P/B 2.42, product 69.6  · threshold <= 1.5 or <= 22.5 · points 3.8/10

Inputs:
  - Price (close, per traded unit): 34.43 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Revenue: 16937000000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - current_assets: 2588000000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000085/ · unverified
  - current_liabilities: 5647000000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000085/ · unverified
  - lt_debt: 29805000000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000085/ · unverified
  - equity: 31631000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000085/ · unverified
  - Net income FY2016: 708000000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630719000033/ · unverified
  - Net income FY2017: 183000000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630720000022/ · unverified
  - Net income FY2018: 1609000000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630721000022/ · unverified
  - Net income FY2019: 2190000000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630722000018/ · unverified
  - Net income FY2020: 119000000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630723000023/ · unverified
  - Net income FY2021: 1784000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630724000011/ · unverified
  - Net income FY2022: 2548000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630725000008/ · unverified
  - Net income FY2023: 2391000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - Net income FY2024: 2613000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - Net income FY2025: 3056000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - Dividend years (Yahoo): [2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/KMI/history?filter=div · verified (partly: XBRL covers 13 of 20 years)
  - Dividends per share FY2013 (XBRL): 1.6 · 2013-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1506307/000150630716000072/ · verified
  - Dividends per share FY2014 (XBRL): 1.74 · 2014-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1506307/000150630717000008/ · verified
  - Dividends per share FY2015 (XBRL): 1.605 · 2015-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1506307/000150630718000010/ · verified
  - Dividends per share FY2016 (XBRL): 0.5 · 2016-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1506307/000150630719000033/ · verified
  - Dividends per share FY2017 (XBRL): 0.5 · 2017-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1506307/000150630720000022/ · verified
  - Dividends per share FY2018 (XBRL): 0.8 · 2018-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1506307/000150630721000022/ · verified
  - Dividends per share FY2019 (XBRL): 1.0 · 2019-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1506307/000150630722000018/ · verified
  - Dividends per share FY2020 (XBRL): 1.05 · 2020-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1506307/000150630723000023/ · verified
  - Dividends per share FY2021 (XBRL): 1.08 · 2021-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1506307/000150630724000011/ · verified
  - Dividends per share FY2022 (XBRL): 1.11 · 2022-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1506307/000150630725000008/ · verified
  - Dividends per share FY2023 (XBRL): 1.13 · 2023-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · verified
  - Dividends per share FY2024 (XBRL): 1.15 · 2024-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · verified
  - Dividends per share FY2025 (XBRL): 1.17 · 2025-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · verified
  - EPS diluted FY2014: 0.89 · 2014-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1506307/000150630717000008/ · unverified
  - EPS diluted FY2015: 0.1 · 2015-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1506307/000150630718000010/ · unverified
  - EPS diluted FY2016: 0.25 · 2016-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1506307/000150630718000010/ · unverified
  - EPS diluted FY2023: 1.06 · 2023-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - EPS diluted FY2024: 1.17 · 2024-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - EPS diluted FY2025: 1.37 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - Shares outstanding: 2227715229.0 · 2026-10-22 · SEC cover page 10-Q 0001506307-26-000132 (2,227,715,229 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1506307/000150630726000132/kmi-20260930.htm · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000132/R1.htm

### Magic Formula: — (not scored) · complete: None · missing tests: none · current inputs as of None · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula

### Momentum: 74.3 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum
-  12-1 month return: 24.3 % · threshold  · points 36.1/50
-  6 month return: 10.5 % · threshold  · points 12.9/20
-  Price / 52-week high: 1.0  · threshold  · points 15.0/15
-  Volatility penalty (60d annualised): 23.4 % · threshold  · points 10.3/15

Inputs:
  - Adjusted close series (14 months): 34.43 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · 

### Insider: 0.0 (no open-market transactions in window) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider
-  Open-market buy value / market cap (percentile among buyers): 0.0 bp · threshold  · points 0.0/35
-  Distinct buyers: 0  · threshold  · points 0.0/25
-  Buyer seniority: 0.0  · threshold  · points 0.0/20
-  Recency (half-life 30d): 0.0  · threshold  · points 0.0/10
-  Sales penalty (excludes 10b5-1 plan sales): 0.0 bp · threshold  · points -0.0/0

Inputs:
  - excluded 2026-10-16 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-09-16 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-17 S: 10b5-1 plan ·  · rule · 

### Buffett Quality: 50.2 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2016–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 48, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett
- 1 Average return on equity (net income / year-end equity): 6.5% over 8 yrs  · threshold >= 15% · points 0.0/25
- 2 Profitable every year: 10 of 10  · threshold all years · points 15.0/15
- 3 Net income growth, 3-yr average now vs start of window: +18.2% a year  · threshold >= +10% · points 10.0/10
- 4 Borrowings / 3-yr average earnings (years to repay): 12.0 years · threshold <= 4 · points 0.0/15
- 5 Operating margin, 5-yr average: 24.7%  · threshold >= 20% · points 10.0/10
- 6 Free cash flow / net income, 5-yr (operating cash flow minus capex): 1.44  · threshold >= 1.0 · points 10.0/10
- 7 Owner-earnings yield (3-yr avg free cash flow / market cap): 4.4%  · threshold >= 7% · points 5.2/15

Inputs:
  - Price (close, per traded unit): 34.43 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Net income FY2018: 1609000000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630721000022/ · unverified
  - Equity at FY2018 end: 33678000000.0 · 2018-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1506307/000150630720000022/ · unverified
  - Net income FY2019: 2190000000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630722000018/ · unverified
  - Equity at FY2019 end: 33742000000.0 · 2019-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1506307/000150630721000022/ · unverified
  - Net income FY2020: 119000000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630723000023/ · unverified
  - Equity at FY2020 end: 31436000000.0 · 2020-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1506307/000150630722000018/ · unverified
  - Net income FY2021: 1784000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630724000011/ · unverified
  - Equity at FY2021 end: 30823000000.0 · 2021-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1506307/000150630723000023/ · unverified
  - Net income FY2022: 2548000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630725000008/ · unverified
  - Equity at FY2022 end: 30742000000.0 · 2022-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1506307/000150630724000011/ · unverified
  - Net income FY2023: 2391000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - Equity at FY2023 end: 30306000000.0 · 2023-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1506307/000150630725000008/ · unverified
  - Net income FY2024: 2613000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - Equity at FY2024 end: 30531000000.0 · 2024-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - Net income FY2025: 3056000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - Equity at FY2025 end: 31162000000.0 · 2025-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000085/ · unverified
  - Net income FY2016: 708000000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630719000033/ · unverified
  - Net income FY2017: 183000000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630720000022/ · unverified
  - Net income FY2018: 1609000000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630721000022/ · unverified
  - Net income FY2019: 2190000000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630722000018/ · unverified
  - Net income FY2020: 119000000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630723000023/ · unverified
  - Net income FY2021: 1784000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630724000011/ · unverified
  - Net income FY2022: 2548000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630725000008/ · unverified
  - Net income FY2023: 2391000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - Net income FY2024: 2613000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - Net income FY2025: 3056000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - lt_debt: 29805000000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000085/ · unverified
  - total_debt: 2443000000.0 · 2026-06-30 · SEC XBRL DebtCurrent · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000085/ · unverified
  - Operating income FY2021: 2916000000.0 · 2021-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630724000011/ · unverified
  - Revenue FY2021: 16610000000.0 · 2021-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1506307/000150630724000011/ · unverified
  - Operating income FY2022: 4065000000.0 · 2022-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630725000008/ · unverified
  - Revenue FY2022: 19200000000.0 · 2022-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1506307/000150630725000008/ · unverified
  - Operating income FY2023: 4263000000.0 · 2023-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - Revenue FY2023: 15334000000.0 · 2023-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - Operating income FY2024: 4384000000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - Revenue FY2024: 15100000000.0 · 2024-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - Operating income FY2025: 4724000000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - Revenue FY2025: 16937000000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - Operating cash flow FY2021: 5708000000.0 · 2021-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1506307/000150630724000011/ · unverified

### Lynch GARP: 59.1 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 6, 'not_cross_checked': 1} · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch
- 1 PEG: P/E divided by 5-yr EPS growth (in % points): 0.27  · threshold <= 1.0 · points 30.0/30
- 2 EPS growth, 5-yr compound rate: +93.9% a year  · threshold 12% to 35% a year · points 0.0/20
- 3 P/E on latest annual EPS: 25.1  · threshold <= 25 · points 9.9/10
- 4 Borrowings / equity: 1.02  · threshold <= 0.5 · points 7.2/15
- 5 Years of the last 5 in which EPS rose: 4 of 5  · threshold 5 of 5 · points 12.0/15
- 6 Net cash (cash minus borrowings) / market cap: -41.9%  · threshold >= +10% · points 0.0/10

Inputs:
  - Price (close, per traded unit): 34.43 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - EPS diluted FY2025: 1.37 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - EPS diluted FY2020: 0.05 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1506307/000150630723000023/ · unverified
  - lt_debt: 29805000000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000085/ · unverified
  - total_debt: 2443000000.0 · 2026-06-30 · SEC XBRL DebtCurrent · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000085/ · unverified
  - equity: 31631000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000085/ · unverified
  - cash: 89000000.0 · 2026-06-30 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000085/ · unverified

### Graham Enterprising: 35.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 10, 'not_cross_checked': 3} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising
- 1 Current ratio: 0.46  · threshold >= 1.5 · points 0.0/15
- 2 Borrowings vs working capital: None  · threshold <= 1.1x · points 0.0/15
- 3 No earnings deficit in the last 5 years: 5 of 5 profitable  · threshold 5 of 5 · points 15.0/15
- 4 Pays a current dividend: yes  · threshold yes · points 10.0/10
- 5 EPS higher than five years earlier: 0.05 -> 1.37  · threshold higher · points 10.0/10
- 6 Price / book value per share: 2.42  · threshold <= 1.2 · points 0.0/20
- 7 Price / net current asset value per share (current assets minus all liabilities): None  · threshold <= 0.67 · points 0.0/15

Inputs:
  - Price (close, per traded unit): 34.43 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - current_assets: 2588000000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000085/ · unverified
  - current_liabilities: 5647000000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000085/ · unverified
  - Net income FY2021: 1784000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630724000011/ · unverified
  - Net income FY2022: 2548000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630725000008/ · unverified
  - Net income FY2023: 2391000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - Net income FY2024: 2613000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - Net income FY2025: 3056000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - Dividend years (Yahoo): [2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/KMI/history?filter=div
  - EPS diluted FY2025: 1.37 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - EPS diluted FY2020: 0.05 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1506307/000150630723000023/ · unverified
  - equity: 31631000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000085/ · unverified
  - Shares outstanding: 2227715229.0 · 2026-10-22 · SEC cover page 10-Q 0001506307-26-000132 (2,227,715,229 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1506307/000150630726000132/kmi-20260930.htm · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000132/R1.htm

### Piotroski F-Score: 77.8 (ok) · complete: True · missing tests: none · current inputs as of None · stale inputs: none · history 2024–2026 · price None · verification {'verified': 0, 'mismatch': 0, 'unverified': 27, 'not_cross_checked': 0} · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski
- 1 Return on assets is positive: 4.2%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 2 Operating cash flow is positive: 5,917M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 3 Return on assets improved on the prior year: 3.7% -> 4.2%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 4 Operating cash flow exceeds net income (accruals): 5,917M vs 3,056M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 5 Long-term debt / assets fell: 41.8% -> 42.3%  · threshold pass = 1 · points 0.0/11.11111111111111
- 6 Current ratio improved: 0.49 -> 0.64  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 7 No new shares issued (share count did not rise): 2,225M -> 2,228M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry): 29.0% -> 27.9%  · threshold pass = 1 · points 0.0/11.11111111111111
- 9 Asset turnover (revenue / assets) improved: 0.21 -> 0.23  · threshold pass = 1 · points 11.11111111111111/11.11111111111111

Inputs:
  - net_income 2025-12-31: 3056000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - total_assets 2025-12-31: 72748000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000085/ · unverified
  - cfo 2025-12-31: 5917000000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - net_income 2025-12-31: 3056000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - net_income 2024-12-31: 2613000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - total_assets 2025-12-31: 72748000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000085/ · unverified
  - total_assets 2024-12-31: 71407000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - cfo 2025-12-31: 5917000000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - net_income 2025-12-31: 3056000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - lt_debt 2025-12-31: 30777000000.0 · 2025-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000085/ · unverified
  - lt_debt 2024-12-31: 29881000000.0 · 2024-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - total_assets 2025-12-31: 72748000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000085/ · unverified
  - total_assets 2024-12-31: 71407000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - current_assets 2025-12-31: 2754000000.0 · 2025-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000085/ · unverified
  - current_assets 2024-12-31: 2521000000.0 · 2024-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - current_liabilities 2025-12-31: 4322000000.0 · 2025-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000085/ · unverified
  - current_liabilities 2024-12-31: 5101000000.0 · 2024-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - shares_out 2026-10-22: 2227715229.0 · 2026-10-22 · SEC cover page 10-Q 0001506307-26-000132 (2,227,715,229 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1506307/000150630726000132/kmi-20260930.htm · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000132/R1.htm · unverified
  - shares_out 2025-10-23: 2224760390.0 · 2025-10-23 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1506307/000150630725000065/ · unverified
  - operating_income 2025-12-31: 4724000000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - operating_income 2024-12-31: 4384000000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - revenue 2025-12-31: 16937000000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - revenue 2024-12-31: 15100000000.0 · 2024-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - revenue 2025-12-31: 16937000000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - revenue 2024-12-31: 15100000000.0 · 2024-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified
  - total_assets 2025-12-31: 72748000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000085/ · unverified
  - total_assets 2024-12-31: 71407000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/ · unverified

## Market value, source trail

- Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used
- Traded price: 34.43 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1
- SEC shares outstanding: 2,227,715,229 underlying shares, period 2026-10-22, SEC cover page 10-Q 0001506307-26-000132 (2,227,715,229 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1506307/000150630726000132/kmi-20260930.htm, accession 0001506307-26-000132 · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000132/R1.htm
- Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None
- Market value (price date x latest reported shares): 76,700,235,334 USD; 34.43 (price 2026-10-23) / 1 x 2,227,715,229 (shares at 2026-10-22) = 76,700,235,334

## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends)

- FY2013 (ended 2013-12-31): 14070000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630716000072/
- FY2014 (ended 2014-12-31): 16226000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630717000008/
- FY2015 (ended 2015-12-31): 14403000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630718000010/
- FY2016 (ended 2016-12-31): 13058000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630719000033/
- FY2017 (ended 2017-12-31): 13705000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630720000022/
- FY2018 (ended 2018-12-31): 14144000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630721000022/
- FY2019 (ended 2019-12-31): 13209000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630722000018/
- FY2020 (ended 2020-12-31): 11700000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630723000023/
- FY2021 (ended 2021-12-31): 16610000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630724000011/
- FY2022 (ended 2022-12-31): 19200000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630725000008/
- FY2023 (ended 2023-12-31): 15334000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/
- FY2024 (ended 2024-12-31): 15100000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/
- FY2025 (ended 2025-12-31): 16937000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/

## Net income by fiscal year (SEC XBRL)

- FY2013 (ended 2013-12-31): 1193000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630716000072/
- FY2014 (ended 2014-12-31): 1026000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630717000008/
- FY2015 (ended 2015-12-31): 253000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630718000010/
- FY2016 (ended 2016-12-31): 708000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630719000033/
- FY2017 (ended 2017-12-31): 183000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630720000022/
- FY2018 (ended 2018-12-31): 1609000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630721000022/
- FY2019 (ended 2019-12-31): 2190000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630722000018/
- FY2020 (ended 2020-12-31): 119000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630723000023/
- FY2021 (ended 2021-12-31): 1784000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630724000011/
- FY2022 (ended 2022-12-31): 2548000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630725000008/
- FY2023 (ended 2023-12-31): 2391000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/
- FY2024 (ended 2024-12-31): 2613000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/
- FY2025 (ended 2025-12-31): 3056000000.0 · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000011/

## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets)

- FY2013 (ended 2013-12-31): 1.15 [filed 1.15, split factor 1.0]
- FY2014 (ended 2014-12-31): 0.89 [filed 0.89, split factor 1.0]
- FY2015 (ended 2015-12-31): 0.1 [filed 0.1, split factor 1.0]
- FY2016 (ended 2016-12-31): 0.25 [filed 0.25, split factor 1.0]
- FY2017 (ended 2017-12-31): 0.01 [filed 0.01, split factor 1.0]
- FY2019 (ended 2019-12-31): 0.96 [filed 0.96, split factor 1.0]
- FY2020 (ended 2020-12-31): 0.05 [filed 0.05, split factor 1.0]
- FY2021 (ended 2021-12-31): 0.78 [filed 0.78, split factor 1.0]
- FY2022 (ended 2022-12-31): 1.12 [filed 1.12, split factor 1.0]
- FY2023 (ended 2023-12-31): 1.06 [filed 1.06, split factor 1.0]
- FY2024 (ended 2024-12-31): 1.17 [filed 1.17, split factor 1.0]
- FY2025 (ended 2025-12-31): 1.37 [filed 1.37, split factor 1.0]

## Dividend years (Yahoo history)

2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026

## Insider transactions (SEC Form 4 data set, latest 40)

- 2026-10-16 S Garthwaite Michael P. (officer) 1550 @ 33.65 = 52153 · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000128/#live
- 2026-09-16 S Garthwaite Michael P. (officer) 1550 @ 30.80 = 47740 · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000121/
- 2026-08-17 S Garthwaite Michael P. (officer) 1550 @ 32.65 = 50608 · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000113/
- 2026-07-16 S Garthwaite Michael P. (officer) 1550 @ 32.52 = 50406 · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000059/
- 2026-07-06 S Schlosser John W (Pres) 6166 @ 31.90 = 196695 · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000057/
- 2026-06-16 S Garthwaite Michael P. (officer) 1550 @ 31.44 = 48732 · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000053/
- 2026-06-05 S Schlosser John W (Pres) 6166 @ 31.83 = 196264 · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000051/
- 2026-05-18 S Garthwaite Michael P. (officer) 1550 @ 33.65 = 52158 · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000045/
- 2026-05-05 S Schlosser John W (Pres) 6166 @ 32.41 = 199840 · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000039/
- 2026-04-16 S Garthwaite Michael P. (officer) 1550 @ 31.72 = 49166 · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000031/
- 2026-04-06 S Schlosser John W (Pres) 6166 @ 32.93 = 203046 · https://www.sec.gov/Archives/edgar/data/1506307/000150630726000028/

## Links

- sec_filings: https://www.sec.gov/edgar/browse/?CIK=0001506307
- sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001506307.json
- sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001506307&type=4
- sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001506307&type=8-K
- yahoo: https://finance.yahoo.com/quote/KMI
- stooq: https://stooq.com/q/d/?s=kmi.us
- morningstar (link only, nothing stored): https://www.morningstar.com/search?query=KMI
- finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=KMI
- stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/kmi/
- seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/KMI
- openinsider (link only, nothing stored): http://openinsider.com/search?q=KMI
- google_news (link only, nothing stored): https://news.google.com/rss/search?q=KMI+stock

Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/KMI; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23.

Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.