Kinder Morgan (KMI) vs MPLX (MPLX)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
MPLX (MPLX) has outperformed Kinder Morgan (KMI) over the past year, gaining 17.7% versus a gain of 13.6%. Over five years, MPLX leads with a +85.6% price change compared with +72.4% for KMI. Kinder Morgan is the larger company by market cap ($70.86 billion vs $57.84 billion), about 1.2 times the size.
On valuation, MPLX trades at a lower forward P/E (11.8x vs 20.6x for Kinder Morgan). MPLX offers the higher dividend yield (7.55% vs 3.71%). MPLX converts more of its revenue into profit, with a net margin of 38.1% versus 18.0%.
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 | KMI | MPLX |
|---|---|---|
| Share price | $31.82 | $57.05 |
| Market cap | $70.86B | $57.84B |
| 1-day change | -1.06% | -1.25% |
| YTD return | +15.75% | +8.24% |
| 1-year return | +13.60% | +17.66% |
| 5-year return | +72.37% | +85.64% |
| P/E ratio (TTM) | 20.53 | 12.27 |
| Forward P/E | 20.60 | 11.84 |
| EPS (TTM) | $1.55 | $4.65 |
| Dividend yield | 3.71% | 7.55% |
| Annual dividend | $1.18 | $4.31 |
| Revenue (latest FY) | $16.94B | $13.00B |
| Revenue growth (YoY) | +12.17% | +8.92% |
| Net income (latest FY) | $3.06B | $4.95B |
| Gross margin | 67.36% | — |
| Operating margin | 27.89% | 45.72% |
| Net margin | 18.04% | 38.10% |
| 52-week high | $34.81 | $60.95 |
| 52-week low | $25.60 | $47.80 |
| Distance from 52-week high | -8.59% | -6.40% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +13.42% | +10.17% |
| Average volume | 11.16M | 1.41M |
| Shares outstanding | 2.23B | 1.01B |
| Employees | 11,028 | — |
| Sector | Utilities | Energy |
| Industry | Natural Gas Distribution | 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 (20.5x vs 12.3x trailing P/E).
- MPLX offers a meaningfully higher dividend yield (7.55% vs 3.71%).
- MPLX is more profitable, keeping 38.1 cents of every revenue dollar as net income versus 18.0 cents for Kinder Morgan.
- The two companies sit in different sectors: Kinder Morgan in Utilities and MPLX in Energy.
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
About MPLX
MPLX stock →MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Crude Oil and Products Logistics; and Natural Gas and NGL Services.
Energy · Natural Gas Distribution
KMI vs MPLX FAQ
Which is bigger, Kinder Morgan or MPLX?
Kinder Morgan (KMI) is larger, with a market capitalization of $70.86B compared with $57.84B for MPLX (MPLX).
Which stock has performed better over the past year, KMI or MPLX?
MPLX returned +17.66% over the past 12 months, compared with +13.60% for KMI (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, KMI or MPLX?
MPLX has the lower trailing P/E at 12.3, versus 20.5 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, Kinder Morgan or MPLX?
MPLX has the higher yield at 7.55%, compared with 3.71% for Kinder Morgan.
Are Kinder Morgan and MPLX in the same industry?
Yes. Both are classified in the Natural Gas Distribution industry within the Utilities sector.