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Kinder Morgan (Kinder Morgan) EBIT : $4,247 Mil (TTM As of Mar. 2024)


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What is Kinder Morgan EBIT?

Kinder Morgan's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $1,191 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $4,247 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kinder Morgan's annualized ROC % for the quarter that ended in Mar. 2024 was 5.18%. Kinder Morgan's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 12.77%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Kinder Morgan's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.77%.


Kinder Morgan EBIT Historical Data

The historical data trend for Kinder Morgan's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kinder Morgan EBIT Chart

Kinder Morgan Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,931.00 3,492.00 4,540.00 4,033.00 4,250.00

Kinder Morgan Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,194.00 1,017.00 935.00 1,104.00 1,191.00

Competitive Comparison of Kinder Morgan's EBIT

For the Oil & Gas Midstream subindustry, Kinder Morgan's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Kinder Morgan's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Kinder Morgan's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Kinder Morgan's EV-to-EBIT falls into.



Kinder Morgan EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $4,247 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Kinder Morgan  (NYSE:KMI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Kinder Morgan's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=4764 * ( 1 - 21.28% )/( (73548 + 71369)/ 2 )
=3750.2208/72458.5
=5.18 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Kinder Morgan's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4764/( ( (37297 + max(-713, 0)) + (37313 + max(-412, 0)) )/ 2 )
=4764/( ( 37297 + 37313 )/ 2 )
=4764/37305
=12.77 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1588 + 525 + 346) - (2151 + 0 + 1021)
=-713

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1404 + 548 + 236) - (1635 + 0 + 965)
=-412

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Kinder Morgan's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=4247/73662.653
=5.77 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Kinder Morgan EBIT Related Terms

Thank you for viewing the detailed overview of Kinder Morgan's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Kinder Morgan (Kinder Morgan) Business Description

Traded in Other Exchanges
Address
1001 Louisiana Street, Suite 1000, Houston, TX, USA, 77002
Kinder Morgan is one of the largest midstream energy firms in North America, with an interest in or an operator on about 83,000 miles in pipelines and 140 storage terminals. The company is active in the transportation, storage, and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan's cash flows stem from fee-based contracts for handling, moving, and storing fossil fuel products.
Executives
John W Schlosser officer: V.P. (President, Terminals) 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Dax Sanders officer: V.P., Corporate Development 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Denise R Mathews officer: VP, Human Resources/Admin/IT 1001 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002
Sital K Mody officer: V.P. (Pres.,Nat Gas Pipelines) 1001 LOUISIANA STREET SUITE 1000, HOUSTON TX 77002
Anthony B Ashley officer: VP (President, CO2 and ETV) 1001 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002
Jesse Arenivas officer: VP(President, CO2) 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Deborah Macdonald director KINDER MORGAN, INC., 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Gary Hultquist director 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Robert F Vagt director 5300 MEMORIAL DR, STE 800, HOUSTON TX 77007
Thomas A Martin officer: VP (Pres., Natural Gas Pipeln) 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
William A Smith director KINDER MORGAN, 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Richard D Kinder director, officer: Chairman & CEO 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Perry M Waughtal director 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Kevin P Grahmann officer: V.P., Corporate Development 1001 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002
Steven J Kean director, officer: Exec VP & COO 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002

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