Kinder Morgan (KMI) EV to EBITDA (2011 - 2026)
Kinder Morgan's EV to EBITDA was 8.64 in Q3 2026, down 7.0% from 9.29 a year earlier and down 8.0% from the prior quarter.
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Analysis
Kinder Morgan (KMI) EV to EBITDA (2011 - 2026) Analysis & Trends
On a trailing twelve-month basis, Kinder Morgan's EV to EBITDA was 8.61 through Sep 30, 2026, down 6.9% year-over-year; for FY2025, it was 8.69, down 5.0% from FY2024.
- In earlier years, EV to EBITDA was 9.15 in FY2024 (+48.7%), 6.16 in FY2023 (-5.6%), 6.52 in FY2022 (-6.9%) and 7.00 in FY2021 (-11.3%).
- The Q3 2026 figure marks the lowest quarterly EV to EBITDA since Q3 2024.
- Compared with a year earlier, EV to EBITDA was higher in five of the last eight quarters, with growth averaging 19.7%.
- The best year-over-year quarter for EV to EBITDA over five years was Q1 2022 (growth of 57.8%); the worst was Q1 2023 (a decline of 40.2%).
- Per Business Quant data, KMI's EV to EBITDA in the three quarters before Q3 2026 was 9.39 (Q2 2026), 10.11 (Q1 2026) and 8.69 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enbridge | 104.21 Bn | 99.81 Bn | 4.84 Bn |
| 2 | Williams Companies | 83.97 Bn | 81.00 Bn | 2.59 Bn |
| 3 | Enterprise Products Partners | 79.65 Bn | 78.01 Bn | - |
| 4 | Kinder Morgan | 69.38 Bn | 68.24 Bn | 2.97 Bn |
| 5 | Energy Transfer | 66.22 Bn | 62.05 Bn | 6.57 Bn |
| 6 | Tc Energy | 66.00 Bn | 62.09 Bn | - |
| 7 | Targa Resources | 60.20 Bn | 59.65 Bn | 2.02 Bn |
| 8 | Cheniere Energy | 59.73 Bn | 53.88 Bn | 2.97 Bn |
| 9 | Mplx | 57.64 Bn | 51.66 Bn | 3.19 Bn |
| 10 | Oneok | 54.55 Bn | 53.95 Bn | 2.84 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.64 |
| Jun 30, 2026 | 9.39 |
| Mar 31, 2026 | 10.11 |
| Dec 31, 2025 | 8.69 |
| Sep 30, 2025 | 9.29 |
| Jun 30, 2025 | 9.71 |
| Mar 31, 2025 | 9.62 |
| Dec 31, 2024 | 9.15 |
| Sep 30, 2024 | 7.45 |
| Jun 30, 2024 | 6.82 |
| Mar 31, 2024 | 6.33 |
| Dec 31, 2023 | 6.16 |
| Sep 30, 2023 | 5.81 |
| Jun 30, 2023 | 5.98 |
| Mar 31, 2023 | 6.16 |
| Dec 31, 2022 | 6.52 |
| Sep 30, 2022 | 6.22 |
| Jun 30, 2022 | 6.41 |
| Mar 31, 2022 | 10.30 |
| Dec 31, 2021 | 7.00 |
API Access
Kinder Morgan EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=KMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "KMI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=KMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();