Kinder Morgan, Inc.
Close on Nov 2, 2026Market cap $72.84BP/E 21.0Yield 3.56%
Kinder Morgan Net Debt-to-Adjusted EBITDA Leverage Ratio (x) by Year
Net Debt-to-Adjusted EBITDA Leverage Ratio (x) (×)
Kinder Morgan Net Debt-to-Adjusted EBITDA Leverage Ratio (x): 3.80× in FY2025, down 5.0% from a year earlier.
Where the FY2025 figure comes from
“Net Debt-to-Adjusted EBITDA | 3.5 | 3.8”
Source: KMI Q3 2026 Earnings Release (Form 8-K) ↗
Long-term leverage target range of 3.5x–4.5x (3.8x at 3Q26; Moody's upgraded KMI to Baa1 in March 2026).
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Net Debt-to-Adjusted EBITDA Leverage Ratio (x) (×) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 3.80 | -5.0% | KMI Q3 2026 Earnings Release (Form 8-K) ↗ |
| FY2024 | Dec 31, 2024 | 4.00 | -4.8% | KMI Q4 2025 Earnings Release (Form 8-K) ↗ |
| FY2023 | Dec 31, 2023 | 4.20 | +2.4% | KMI Q4 2024 Earnings Release (Form 8-K) ↗ |
| FY2022 | Dec 31, 2022 | 4.10 | +5.1% | KMI Q4 2023 Earnings Release (Form 8-K) ↗ |
| FY2021 | Dec 31, 2021 | 3.90 | -15.2% | KMI Q4 2022 Earnings Release (Form 8-K) ↗ |
| FY2020 | Dec 31, 2020 | 4.60 | +7.0% | KMI Q4 2021 Earnings Release (Form 8-K) ↗ |
| FY2019 | Dec 31, 2019 | 4.30 | – | KMI Q4 2020 Earnings Release (Form 8-K) ↗ |
Cite this data
StockData. (2026). Kinder Morgan Net Debt-to-Adjusted EBITDA Leverage Ratio (x) (×), annual FY2019–FY2025 [Data set]. Compiled from Kinder Morgan SEC filings and investor materials. https://stockdatahq.com/stocks/kmi/kpis/net-debt-to-adj-ebitda-x
See every metric in the Kinder Morgan KPI table. Data updated Nov 2, 2026.