Energy Transfer (ET) vs Kinder Morgan (KMI)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Kinder Morgan is the larger company by market cap ($72.35 billion vs $70.28 billion), about 1.0 times the size. On valuation, Energy Transfer trades at a lower forward P/E (11.7x vs 21.0x for Kinder Morgan). Energy Transfer offers the higher dividend yield (6.59% vs 3.63%).
Kinder Morgan converts more of its revenue into profit, with a net margin of 18.0% versus 5.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ET | KMI |
|---|---|---|
| Share price | $20.41 | $32.49 |
| Market cap | $70.28B | $72.35B |
| 1-day change | -1.02% | +0.74% |
| YTD return | — | +18.19% |
| 1-year return | — | +18.06% |
| 5-year return | — | +76.00% |
| P/E ratio (TTM) | 13.98 | 20.96 |
| Forward P/E | 11.70 | 21.04 |
| EPS (TTM) | $1.46 | $1.55 |
| Dividend yield | 6.59% | 3.63% |
| Annual dividend | $1.35 | $1.18 |
| Revenue (latest FY) | $85.54B | $16.94B |
| Revenue growth (YoY) | +3.47% | +12.17% |
| Net income (latest FY) | $4.43B | $3.06B |
| Gross margin | 25.77% | 67.36% |
| Operating margin | 10.55% | 27.89% |
| Net margin | 5.18% | 18.04% |
| 52-week high | $21.84 | $34.81 |
| 52-week low | $16.18 | $25.60 |
| Distance from 52-week high | -6.55% | -6.66% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +21.22% | +11.08% |
| Average volume | 8.88M | 11.25M |
| Shares outstanding | 3.44B | 2.23B |
| Employees | 22,311 | 11,028 |
| Sector | Energy | Utilities |
| Industry | Oil & Gas Midstream | Natural Gas Distribution |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Kinder Morgan trades at a higher earnings multiple (21.0x vs 14.0x trailing P/E).
- Energy Transfer offers a meaningfully higher dividend yield (6.59% vs 3.63%).
- Kinder Morgan is more profitable, keeping 18.0 cents of every revenue dollar as net income versus 5.2 cents for Energy Transfer.
- Kinder Morgan grew revenue faster in its latest fiscal year (+12.17% vs +3.47%).
- The two companies sit in different sectors: Energy Transfer in Energy and Kinder Morgan in Utilities.
About Energy Transfer
ET stock →Energy Transfer LP, together with its subsidiaries, provides energy-related services in the United States. It operates through Intrastate Transportation and Storage; Interstate Transportation and Storage; Midstream; Natural Gas Liquid (NGL) and Refined Products Transportation and Services; Crude Oil Transportation and Services; Investment in Sunoco LP; Investment in USA Compression Partners, LP (USAC); and All Other segments.
Energy · Oil & Gas Midstream · 22,311 employees
About Kinder Morgan
KMI stock →Kinder Morgan, Inc. operates as an energy infrastructure company primarily in North America.
Utilities · Natural Gas Distribution · 11,028 employees
ET vs KMI FAQ
Which is bigger, Energy Transfer or Kinder Morgan?
Kinder Morgan (KMI) is larger, with a market capitalization of $72.35B compared with $70.28B for Energy Transfer (ET).
Which has the lower P/E ratio, ET or KMI?
ET has the lower trailing P/E at 14.0, versus 21.0 for KMI. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Energy Transfer or Kinder Morgan?
Energy Transfer has the higher yield at 6.59%, compared with 3.63% for Kinder Morgan.
Are Energy Transfer and Kinder Morgan in the same industry?
No. Energy Transfer is in the Energy sector, while Kinder Morgan is in Utilities.