PerpEquities

Equity

Kinder Morgan, Inc. (KMI) perpetual futures

KMI perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade KMIUSDT.

Kinder Morgan, Inc. is a North American energy infrastructure company operating natural gas and products pipelines, terminals, and CO2 businesses.

$33.55-2.4%NYSE open
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Price chart

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TradingView symbol NYSE:KMI

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Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$16.8K
Open interest
$25K
Best liquidity
$43.5K
MEXC
Tightest spread
+3.0 bps
MEXC
Highest volume
$16.8K
MEXC
Settlement mix
USDT · 1/1
Perp/spot vol.
0.00x
Spot volume $479.5M
OI / float
0.00%
Float $64.9B
Spot performance
1D-2.37%
5D-1.07%
1M+4.87%
6M+4.54%
YTD+21.46%
1Y+21.33%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
MEXCTradeKMI/USDTTrading$33.55+3.6% APR
+0.00330% every 8h
+3.0 bps$43.5K$16.8K$25KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 1 of 1 venues absorb $10k · Typical cost: +31.7 bps

Cheapest execution: MEXC · +31.7 bps

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

KMI

Tightest spread

KMI

Highest volume

KMI

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 2h ago
Market cap
$74.4B
Updated 2h ago
Revenue
$18B
Trailing 12 months
Revenue growth
+8%
Next fiscal year
Profit margin
+19.3%
P/E
21.4
Peer P/E 22.7
Free cash flow
$3.2B
Trailing 12 months
More metrics
Net income
$3.5B
Trailing 12 months
P/S
4.1
Peer P/E
22.7
Similar listed perps
Revenue estimate
$18.3B
Next fiscal year
Earnings
2026-10-21
Revenue est. $4.4B · Updated 2h ago
Dividend
$0.298
2026-08-03

Fundamental detail

Annual + quarterly
Latest revenue$17B
Net margin+18.0%
Free cash flow$2.9B
Net debt$32.3B
2020$11.5B
2021$17.5B
2022$19.6B
2023$15.2B
2024$15.1B
2025$17B
PeriodRevenueGrowthNet incomeFCF
2020$11.5B-13%$119M$2.8B
2021$17.5B+53%$1.8B$4.4B
2022$19.6B+12%$2.5B$3.3B
2023$15.2B-22%$2.4B$4.1B
2024$15.1B-1%$2.6B$3B
2025$17B+12%$3.1B$2.9B
PeriodGross marginOperating marginNet marginROEROA
2020+37.3%+28.3%+1.0%+0.4%+0.2%
2021+36.3%+30.1%+10.2%+5.8%+2.5%
2022+28.1%+22.6%+13.0%+8.3%+3.6%
2023+33.9%+26.7%+15.8%+7.9%+3.4%
2024+36.7%+29.1%+17.3%+8.6%+3.7%
2025+43.7%+28.4%+18.0%+9.8%+4.1%
PeriodCashDebtNet debtCurrent ratio
2020$1.2B$34.6B$33.4B0.63
2021$1.1B$33.9B$32.8B0.66
2022$745M$32.3B$31.5B0.55
2023$83M$32.6B$32.5B0.35
2024$88M$32.3B$32.1B0.49
2025$109M$32.4B$32.3B0.64
PeriodMarket capEnterprise valueP/SP/E
2020$30.9B$64.3B2.7292.1
2021$35.9B$68.7B2.020.3
2022$40.8B$72.4B2.116.1
2023$39.4B$72B2.616.6
2024$60.8B$93.1B4.023.4
2025$61.2B$93.4B3.620.1
Q3 2024$3.7B
Q4 2024$4B
Q1 2025$4.3B
Q2 2025$4B
Q3 2025$4.1B
Q4 2025$4.5B
Q1 2026$4.8B
Q2 2026$4.5B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$3.7B-6%$625M$592M
Q4 2024$4B0%$667M$734M
Q1 2025$4.3B+11%$717M$396M
Q2 2025$4B+12%$715M$1B
Q3 2025$4.1B+13%$628M$621M
Q4 2025$4.5B+14%$996M$872M
Q1 2026$4.8B+13%$976M$687M
Q2 2026$4.5B+11%$867M$978M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+35.1%+27.4%+17.0%+2.1%+0.9%
Q4 2024+36.1%+28.9%+16.8%+2.2%+0.9%
Q1 2025+36.2%+29.2%+16.9%+2.3%+1.0%
Q2 2025+35.7%+28.3%+17.7%+2.3%+1.0%
Q3 2025+32.7%+25.6%+15.1%+2.0%+0.9%
Q4 2025+67.9%+30.3%+22.1%+3.2%+1.3%
Q1 2026+49.0%+29.9%+20.2%+3.1%+1.3%
Q2 2026+68.6%+30.1%+19.4%+2.7%+1.2%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$108M$31.9B$31.8B0.46
Q4 2024$88M$32.3B$32.1B0.49
Q1 2025$80M$32.9B$32.8B0.45
Q2 2025$82M$32.5B$32.5B0.68
Q3 2025$71M$32.6B$32.5B0.63
Q4 2025$109M$32.4B$32.3B0.64
Q1 2026$72M$32.1B$32B0.52
Q2 2026$89M$32.2B$32.2B0.51
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$49.1B$80.9B13.319.7
Q4 2024$60.8B$93.1B15.322.8
Q1 2025$63.4B$96.2B14.922.3
Q2 2025$65.3B$97.8B16.223.0
Q3 2025$63B$95.5B15.225.3
Q4 2025$61.2B$93.4B13.615.3
Q1 2026$74.6B$106.6B15.519.1
Q2 2026$71.1B$103.3B15.920.5

Refreshed 2h ago

Charts: revenue, profit, cash flow & valuation
Revenue$4.5BQ2 2026
$1.2B$2.4B$3.6B$4.8BQ3 2023: $3.9BQ4 2023: $4BQ1 2024: $3.8BQ2 2024: $3.6BQ3 2024: $3.7BQ4 2024: $4BQ1 2025: $4.3BQ2 2025: $4BQ3 2025: $4.1BQ4 2025: $4.5BQ1 2026: $4.8BQ2 2026: $4.5BQ3 2023Q2 2026
Net income$867MQ2 2026
$249M$498M$747M$996MQ3 2023: $532MQ4 2023: $594MQ1 2024: $746MQ2 2024: $575MQ3 2024: $625MQ4 2024: $667MQ1 2025: $717MQ2 2025: $715MQ3 2025: $628MQ4 2025: $996MQ1 2026: $976MQ2 2026: $867MQ3 2023Q2 2026
EBITDA$2.2BQ2 2026
$587.8M$1.2B$1.8B$2.4BQ3 2023: $1.7BQ4 2023: $1.8BQ1 2024: $2BQ2 2024: $1.8BQ3 2024: $1.8BQ4 2024: $1.9BQ1 2025: $2BQ2 2025: $2BQ3 2025: $1.9BQ4 2025: $1.6BQ1 2026: $2.4BQ2 2026: $2.2BQ3 2023Q2 2026
Free cash flow$978MQ2 2026
$416.5M$833M$1.2B$1.7BQ3 2023: $639MQ4 2023: $1.7BQ1 2024: $605MQ2 2024: $1.1BQ3 2024: $592MQ4 2024: $734MQ1 2025: $396MQ2 2025: $1BQ3 2025: $621MQ4 2025: $872MQ1 2026: $687MQ2 2026: $978MQ3 2023Q2 2026
EPS$0.39Q2 2026
$0.11$0.23$0.34$0.45Q3 2023: $0.24Q4 2023: $0.27Q1 2024: $0.33Q2 2024: $0.26Q3 2024: $0.28Q4 2024: $0.3Q1 2025: $0.32Q2 2025: $0.32Q3 2025: $0.28Q4 2025: $0.45Q1 2026: $0.44Q2 2026: $0.39Q3 2023Q2 2026
Cash / Debt$89MQ2 2026
$8.2B$16.4B$24.7B$32.9BQ3 2023 · Cash: $80MQ3 2023 · Debt: $30.9BQ4 2023 · Cash: $83MQ4 2023 · Debt: $31.9BQ1 2024 · Cash: $119MQ1 2024 · Debt: $32BQ2 2024 · Cash: $98MQ2 2024 · Debt: $31.6BQ3 2024 · Cash: $108MQ3 2024 · Debt: $31.9BQ4 2024 · Cash: $88MQ4 2024 · Debt: $32.3BQ1 2025 · Cash: $80MQ1 2025 · Debt: $32.9BQ2 2025 · Cash: $82MQ2 2025 · Debt: $32.5BQ3 2025 · Cash: $71MQ3 2025 · Debt: $32.6BQ4 2025 · Cash: $109MQ4 2025 · Debt: $32.4BQ1 2026 · Cash: $72MQ1 2026 · Debt: $32.1BQ2 2026 · Cash: $89MQ2 2026 · Debt: $32.2BQ3 2023Q2 2026
CashDebt
Profitability+68.6%Q2 2026
+17.2%+34.3%+51.5%+68.6%Q3 2023 · Gross margin: +31.7%Q4 2023 · Gross margin: +33.9%Q1 2024 · Gross margin: +38.6%Q2 2024 · Gross margin: +36.8%Q3 2024 · Gross margin: +35.1%Q4 2024 · Gross margin: +36.1%Q1 2025 · Gross margin: +36.2%Q2 2025 · Gross margin: +35.7%Q3 2025 · Gross margin: +32.7%Q4 2025 · Gross margin: +67.9%Q1 2026 · Gross margin: +49.0%Q2 2026 · Gross margin: +68.6%Q3 2023 · Operating margin: +24.8%Q4 2023 · Operating margin: +27.0%Q1 2024 · Operating margin: +31.2%Q2 2024 · Operating margin: +28.8%Q3 2024 · Operating margin: +27.4%Q4 2024 · Operating margin: +28.9%Q1 2025 · Operating margin: +29.2%Q2 2025 · Operating margin: +28.3%Q3 2025 · Operating margin: +25.6%Q4 2025 · Operating margin: +30.3%Q1 2026 · Operating margin: +29.9%Q2 2026 · Operating margin: +30.1%Q3 2023 · Net margin: +13.6%Q4 2023 · Net margin: +15.0%Q1 2024 · Net margin: +19.5%Q2 2024 · Net margin: +16.0%Q3 2024 · Net margin: +17.0%Q4 2024 · Net margin: +16.8%Q1 2025 · Net margin: +16.9%Q2 2025 · Net margin: +17.7%Q3 2025 · Net margin: +15.1%Q4 2025 · Net margin: +22.1%Q1 2026 · Net margin: +20.2%Q2 2026 · Net margin: +19.4%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+10.8%Q2 2026
-1.1%+3.8%+8.7%+13.6%Q3 2024: -6.0%Q4 2024: -0.1%Q1 2025: +11.0%Q2 2025: +12.4%Q3 2025: +12.8%Q4 2025: +13.6%Q1 2026: +13.5%Q2 2026: +10.8%Q3 2023Q2 2026
Shares outstanding2.2BQ2 2026
557.5M1.1B1.7B2.2BQ3 2023: 2.2BQ4 2023: 2.2BQ1 2024: 2.2BQ2 2024: 2.2BQ3 2024: 2.2BQ4 2024: 2.2BQ1 2025: 2.2BQ2 2025: 2.2BQ3 2025: 2.2BQ4 2025: 2.2BQ1 2026: 2.2BQ2 2026: 2.2BQ3 2023Q2 2026
Valuation20.5Q2 2026
6.312.619.025.3Q3 2023 · P/E: 17.3Q4 2023 · P/E: 16.3Q1 2024 · P/E: 13.9Q2 2024 · P/E: 19.0Q3 2024 · P/E: 19.7Q4 2024 · P/E: 22.8Q1 2025 · P/E: 22.3Q2 2025 · P/E: 23.0Q3 2025 · P/E: 25.3Q4 2025 · P/E: 15.3Q1 2026 · P/E: 19.1Q2 2026 · P/E: 20.5Q3 2023 · P/S: 9.5Q4 2023 · P/S: 9.9Q1 2024 · P/S: 10.7Q2 2024 · P/S: 12.2Q3 2024 · P/S: 13.3Q4 2024 · P/S: 15.3Q1 2025 · P/S: 14.9Q2 2025 · P/S: 16.2Q3 2025 · P/S: 15.2Q4 2025 · P/S: 13.6Q1 2026 · P/S: 15.5Q2 2026 · P/S: 15.9Q3 2023Q2 2026
P/EP/S
Revenue$17B2025
$4.9B$9.8B$14.7B$19.6B2018: $14.3B2019: $13.2B2020: $11.5B2021: $17.5B2022: $19.6B2023: $15.2B2024: $15.1B2025: $17B20182025
Net income$3.1B2025
$764M$1.5B$2.3B$3.1B2018: $1.6B2019: $2.2B2020: $119M2021: $1.8B2022: $2.5B2023: $2.4B2024: $2.6B2025: $3.1B20182025
EBITDA$7.5B2025
$1.9B$3.8B$5.7B$7.6B2018: $6.7B2019: $7.4B2020: $4.4B2021: $5.9B2022: $7B2023: $7.3B2024: $7.6B2025: $7.5B20182025
Free cash flow$2.9B2025
$1.1B$2.2B$3.3B$4.4B2018: $2.1B2019: $2.5B2020: $2.8B2021: $4.4B2022: $3.3B2023: $4.1B2024: $3B2025: $2.9B20182025
EPS$1.372025
$0.34$0.69$1.03$1.372018: $0.662019: $0.962020: $0.052021: $0.782022: $1.122023: $1.062024: $1.172025: $1.3720182025
Cash / Debt$109M2025
$9.3B$18.6B$27.8B$37.1B2018 · Cash: $3.3B2018 · Debt: $37.1B2019 · Cash: $185M2019 · Debt: $34.2B2020 · Cash: $1.2B2020 · Debt: $34.6B2021 · Cash: $1.1B2021 · Debt: $33.9B2022 · Cash: $745M2022 · Debt: $32.3B2023 · Cash: $83M2023 · Debt: $32.6B2024 · Cash: $88M2024 · Debt: $32.3B2025 · Cash: $109M2025 · Debt: $32.4B20182025
CashDebt
Profitability+43.7%2025
+10.9%+21.8%+32.7%+43.7%2018 · Gross margin: +35.1%2019 · Gross margin: +37.2%2020 · Gross margin: +37.3%2021 · Gross margin: +36.3%2022 · Gross margin: +28.1%2023 · Gross margin: +33.9%2024 · Gross margin: +36.7%2025 · Gross margin: +43.7%2018 · Operating margin: +28.5%2019 · Operating margin: +29.5%2020 · Operating margin: +28.3%2021 · Operating margin: +30.1%2022 · Operating margin: +22.6%2023 · Operating margin: +26.7%2024 · Operating margin: +29.1%2025 · Operating margin: +28.4%2018 · Net margin: +11.3%2019 · Net margin: +16.6%2020 · Net margin: +1.0%2021 · Net margin: +10.2%2022 · Net margin: +13.0%2023 · Net margin: +15.8%2024 · Net margin: +17.3%2025 · Net margin: +18.0%20182025
Gross marginOperating marginNet margin
Revenue growth+12.5%2025
-3.7%+15.1%+33.9%+52.7%2019: -7.8%2020: -12.8%2021: +52.7%2022: +11.5%2023: -22.5%2024: -0.5%2025: +12.5%20182025
Shares outstanding2.2B2025
566.5M1.1B1.7B2.3B2018: 2.2B2019: 2.3B2020: 2.3B2021: 2.3B2022: 2.3B2023: 2.2B2024: 2.2B2025: 2.2B20182025
Valuation20.12025
73.0146.0219.1292.12018 · P/E: 23.32019 · P/E: 22.12020 · P/E: 292.12021 · P/E: 20.32022 · P/E: 16.12023 · P/E: 16.62024 · P/E: 23.42025 · P/E: 20.12018 · P/S: 2.42019 · P/S: 3.62020 · P/S: 2.72021 · P/S: 2.02022 · P/S: 2.12023 · P/S: 2.62024 · P/S: 4.02025 · P/S: 3.620182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-10-21
Revenue est. $4.4B · Updated 2h ago
Dividend
$0.298
2026-08-03

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20261.54$18.3B+8%11
FY 20271.54$18.6B+10%12
FY 20281.68$19.5B+15%8
FY 20291.83$20.5B+21%5
FY 20301.95$21.8B+29%5
Q1 20290.48$5B+3%8

Company events

6
2026-10-21EarningsActual - / Estimate 0.32-
2026-08-03Dividend$0.298-
2026-07-22EarningsActual 0.37 / Estimate 0.32Beat
2026-05-04Dividend$0.298-
2026-04-22EarningsActual 0.48 / Estimate 0.4Beat
2026-02-02Dividend$0.293-

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering KMI have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings103283
Analysts2333
Buy / hold / sell55 / 48 / 0143 / 136 / 4
Upgrades / downgrades / initiations0 / 0 / 56 / 1 / 11
Price targets hit / missed28 / 66 (30%)175 / 85 (67%)
Avg. return after a rating (TipRanks)-2.7%+19.1%
Best / worst call+23.7% / -30.4%+96.4% / -30.4%

After buy calls on this stock: median 21-day move +1.0% vs S&P 500 -1.7% (n = 144)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. John MackayGoldman Sachs100% hit rate on this stock · 13 targets measuredBuytarget $35.00Sep 10, 2026
  2. Theresa ChenBarclays100% hit rate on this stock · 12 targets measuredBuytarget $34.00Sep 10, 2026
  3. Gabe MoreenMizuho Securities90% hit rate on this stock · 10 targets measuredBuytarget $37.00Mar 5, 2026

Latest ratings

DateAnalystCallTarget
Sep 22, 2026Wade SukiCapital One FinancialHoldInitiated$36.00
Sep 22, 2026James WestMelius ResearchBuyInitiated$38.00
Sep 22, 2026Elvira ScottoRBC CapitalHoldMaintained$36.00
Sep 18, 2026Praneeth SatishWells FargoBuyReiterated$36.00
Sep 17, 2026Julien Dumoulin SmithJefferiesHoldReiterated$33.00

TipRanks data via FMP · computed Oct 20, 2026 · 103 ratings

Frequently asked questions

Where can I trade KMI perpetual futures?

Kinder Morgan, Inc. (KMI) perpetual futures trade on 1 crypto venues, including MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade KMI around the clock?

Yes. Unlike the underlying stock, KMI perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on KMI perpetuals?

Right now the KMI perp funding rate is +3.6% annualized (venue median), ranging from +3.6% to +3.6% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the KMI perp price compare to the Kinder Morgan, Inc. stock?

The venue-median KMI perp mark is $33.6 versus a reference stock price of $33.6, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a KMI perpetual future?

A KMI perpetual is a derivative that tracks the price of Kinder Morgan, Inc. with no expiry date. It lets you take long or short exposure to Kinder Morgan, Inc. on crypto venues, around the clock.

What is KMIUSDT perpetual?

KMIUSDT is the symbol most crypto exchanges use for the Kinder Morgan, Inc. perpetual settled in USDT (Tether). It tracks the KMI share price through an index, trades 24/7 with leverage and never expires.

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