Kinder Morgan (FRA:2KD) Interest Coverage: 3.36 (As of Mar. 2026) — 47% Above Median


FRA:2KD Kinder Morgan Inc FRA:2KD
76 GF Score
Price €28.15
GF Value €25.06
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Kinder Morgan Interest Coverage?

Kinder Morgan FRA:2KD +2.22% 76 Interest Coverage is 3.36 as of Mar. 2026, which is 47% above its 10-year median of 2.28. GuruFocus rates FRA:2KD with a GF Score™ of 76/100 and a GF Value™ of €25.06 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 731 Oil & Gas companies, Kinder Morgan ranks worse than 69.77% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Kinder Morgan's Operating Income for the three months ended in Mar. 2026 was €1,249 Mil. Kinder Morgan's Interest Expense for the three months ended in Mar. 2026 was €-372 Mil. Kinder Morgan's interest coverage for the quarter that ended in Mar. 2026 was 3.36. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Kinder Morgan's Interest Coverage or its related term are showing as below:

FRA:2KD' s Interest Coverage Range Over the Past 10 Years
Min: 1.93   Med: 2.28   Max: 3.04
Current: 2.82


FRA:2KD's Interest Coverage is ranked worse than
69.77% of 731 companies
in the Oil & Gas industry
Industry Median: 5.89 vs FRA:2KD: 2.82

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Kinder Morgan  (FRA:2KD) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Kinder Morgan Interest Coverage Related Terms


Kinder Morgan Interest Coverage Historical Data

* Premium members only.

The historical data trend for Kinder Morgan's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Kinder Morgan Interest Coverage Chart

Kinder Morgan Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.04 2.69 2.37 2.38 2.62

Kinder Morgan Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage 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 2.54 2.55 2.33 3.09 3.36

FRA:2KD vs EPD, ET, TRGP: Interest Coverage Comparison

For the Oil & Gas Midstream subindustry, Kinder Morgan's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Kinder Morgan's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Kinder Morgan's Interest Coverage falls into.


FRA:2KD
76GF Score
Kinder Morgan Inc FRA:2KD
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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Kinder Morgan Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Kinder Morgan's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, Kinder Morgan's Interest Expense was €-1,538 Mil. Its Operating Income was €4,034 Mil. And its Long-Term Debt & Capital Lease Obligation was €26,095 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*4034.296/-1538.054
=2.62

Kinder Morgan's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Kinder Morgan's Interest Expense was €-372 Mil. Its Operating Income was €1,249 Mil. And its Long-Term Debt & Capital Lease Obligation was €25,742 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*1249.06/-371.95
=3.36

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 3.36 mean?
Kinder Morgan (FRA:2KD) has a Interest Coverage of 3.36 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Kinder Morgan and its competitors. This is 47% above median its historical median of 2.28. Over the past decade, Kinder Morgan's Interest Coverage has ranged from 1.93 to 3.04. According to the industry distribution chart, Kinder Morgan ranks #510 out of 731 companies in the Oil & Gas industry, placing it in the top 69.8%.
Is Kinder Morgan's Interest Coverage too high?
Kinder Morgan's current Interest Coverage of 3.36 is 47% above median its 10-year median of 2.28. Over the past 10 years, this metric has ranged from a low of 1.93 to a high of 3.04. The Oil & Gas industry median Interest Coverage is 5.89. Kinder Morgan's value of 3.36 is 43% below this industry median. Based on the distribution chart, Kinder Morgan ranks #510 out of 731 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Kinder Morgan has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinder Morgan's Interest Coverage compare to EPD and ET?
According to the Oil & Gas industry distribution chart, Kinder Morgan ranks #510 out of 731 companies for Interest Coverage. This places Kinder Morgan in the lower half of its industry. The industry median Interest Coverage is 5.89. Kinder Morgan's value of 3.36 is 43% below this benchmark. Historically, Kinder Morgan's own Interest Coverage has ranged from 1.93 to 3.04 over the past decade. While the company's 10-year median is 2.28 vs. the industry median of 5.89, Kinder Morgan has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 5.89, based on 731 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kinder Morgan's current Interest Coverage of 3.36 is 43% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Kinder Morgan and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kinder Morgan's current Interest Coverage is 3.36, which is 47% above median its own 10-year median of 2.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinder Morgan stock overvalued right now?
Based on GuruFocus' analysis, Kinder Morgan (FRA:2KD) is currently considered Modestly Overvalued. The stock's GF Value™ is €25.06, compared to a current price of €28.15 — trading 12.3% above its estimated fair value. The current Interest Coverage is 3.36, which is 47% above median its 10-year median of 2.28 and 43% below the Oil & Gas industry median of 5.89. Kinder Morgan's overall GF Score™ is 76/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Kinder Morgan (FRA:2KD), the current Interest Coverage is 3.36 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Kinder Morgan (FRA:2KD) Overvalued in 2026?

Based on GuruFocus' analysis, Kinder Morgan stock appears to be overvalued. The current stock price of €28.15 is trading 12.3% above its estimated GF Value™ of €25.06. GuruFocus considers Kinder Morgan to be Modestly Overvalued.

Key valuation signals for FRA:2KD:

  • Interest Coverage: 3.36 (47% above median its 10-year median of 2.28)
  • GF Value™: €25.06 vs. price of €28.15 (12.3% above fair value)
  • GF Score™: 76/100 with 9 warning signs
  • Industry Position: 43% below the Oil & Gas median (#510 of 731)

No single metric tells the full story. See the FRA:2KD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kinder Morgan Business Description

Industry EnergyOil & Gas
Address 1001 Louisiana Street, Suite 1000, Houston, TX, USA, 77002
Kinder Morgan operates natural gas, crude oil, and refined products pipelines connecting producing regions to demand centers. It is principally involved in the gathering, storage, and transmission of natural gas across the continental United States. It also operates distribution centers for refined products along with the largest fleet of Jones Act-compliant tankers.
76GF Score

Get the complete analysis for FRA:2KD

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€28.15
Price
€25.06
GF Value