Kinder Morgan, Inc.

What does Kinder Morgan own?
Kinder Morgan owns the largest US natural gas pipeline network including Tennessee Gas Pipeline and El Paso Natural Gas systems, plus products pipelines, terminals, and a CO2 business.

Is Kinder Morgan publicly traded?
Yes. Kinder Morgan trades on the NYSE under ticker KMI and is a component of the S&P 500.

Who founded Kinder Morgan?
Richard Kinder and William V. Morgan founded Kinder Morgan Energy Partners in 1997. Richard Kinder remains Executive Chairman. The current corporate entity formed through the 2014 consolidation.

Where is Kinder Morgan headquartered?
Kinder Morgan is headquartered in Houston, Texas, USA.

Who owns Kinder Morgan?
Kinder Morgan is owned by public shareholders. Founder Richard Kinder retains significant shareholding as Executive Chairman. Kim Dang serves as CEO.

What is Kinder Morgan's revenue?
Kinder Morgan reported record FY2025 revenue of $16.9 billion, with net income attributable to KMI of $3.1 billion and record adjusted EBITDA of $8.4 billion.

How many brands does Kinder Morgan own?
Kinder Morgan operates primarily under the Kinder Morgan master brand, with operating subsidiaries retaining names like Tennessee Gas Pipeline and El Paso Natural Gas in their legal identities.

Richard Kinder and William V. Morgan founded Kinder Morgan Energy Partners in 1997, built around pipelines they had acquired from Enron, where Kinder had previously served as president. The partnership model enabled aggressive consolidation of midstream assets through the late 1990s and 2000s.

Major acquisitions followed: KN Energy in 1999 brought key natural gas pipelines; Terasen in 2005 added Canadian operations later divested; and the transformational El Paso Corporation acquisition in 2012 for approximately $21 billion added the largest natural gas pipeline network in North America, including the Tennessee Gas Pipeline system that became the network's backbone.

The master limited partnership structure was consolidated in 2014 into Kinder Morgan, Inc., converting from an MLP into a conventional corporation. This simplified the capital structure and broadened the investor base beyond MLP-eligible holders.

The company navigated the midstream downturn of the mid-2010s by cutting its dividend in 2015 to fund capital expenditure, a painful but ultimately stabilizing decision that preserved the business while many midstream peers struggled. Since then the company has focused on disciplined expansion, most recently with the Outrigger Energy acquisition adding gathering and processing in the Williston Basin.

FY2025 marked the strongest year in company history, with record revenue, net income, and adjusted EBITDA driven by surging natural gas transport demand tied to LNG export growth and power generation demand from data centers.

Kinder Morgan's sustainability posture reflects its role as fossil fuel infrastructure: the company reports on methane emissions reduction, pipeline safety, and environmental management while acknowledging the transition-risk inherent in its business.

The CO2 segment has positioned the company for carbon capture and sequestration opportunities, an emerging business that could diversify the model as decarbonization advances. The company's methane intensity has declined through leak detection and repair programs.

The core sustainability debate around Kinder Morgan is the pipeline's role in enabling continued fossil fuel consumption, with the company's position being that natural gas is a transition fuel supporting renewable integration by backing up intermittent generation.

• Fortune 500: Kinder Morgan ranks on the Fortune 500 by revenue.
• Midstream industry rankings: The company consistently ranks among the largest US midstream operators by assets and throughput.
• Dividend Aristocrats consideration: The company has rebuilt dividend credibility since the 2015 cut, with consistent increases and guidance for continued growth.

Permian Highway and pipeline expansion opposition: Kinder Morgan's pipeline expansion projects have faced environmental opposition and eminent domain disputes in Texas and elsewhere, including legal challenges over landowner rights and environmental review.

2015 dividend cut: The company's decision to cut its dividend by 75% in 2015 to fund capital spending was controversial among income investors, though it ultimately strengthened the balance sheet during the midstream downturn.

Pipeline safety incidents: Like all pipeline operators, Kinder Morgan has experienced periodic incidents including leaks and ruptures, subject to PHMSA oversight and enforcement.

Climate and fossil fuel opposition: Environmental groups oppose new fossil fuel infrastructure, and Kinder Morgan projects have been targets of litigation and protest, part of the broader debate over pipeline construction in the US.