| Valuation |
9.8 |
auto |
P/E 21.3 |
| Liquidity |
3.1 |
auto |
Current ratio 0.52 |
| Growth |
7.8 |
auto |
Revenue growth 13.8% |
| Profitability |
8.8 |
auto |
Net margin 18.9% |
| Efficiency |
7.1 |
auto |
ROE 10.6% |
| Leadership Tenure |
7.5 |
ai |
CEO Kim Dang took over from Steve Kean in August 2023, but co-founder Richard Kinder remains Executive Chairman with significant insider ownership (~11%), providing exceptional continuity and skin-in-game at the top. |
| Ownership Alignment |
10.0 |
auto |
Insider holding 12.78% |
| Strategic Vision |
7.4 |
ai |
Clear strategy around natural gas as a transition fuel, LNG export buildout, and ~$8B project backlog including Trident, GCX expansion, and AI/data center power demand pipelines, though incremental rather than transformative. |
| Focus / Clarity |
9.0 |
ai |
Pure-play North American midstream operator with ~79,000 miles of natural gas pipelines (largest in NA), terminals, and CO2 — tightly focused fee-based infrastructure model. |
| Diversification |
7.6 |
ai |
Diversified across natural gas, products pipelines, terminals, and CO2 segments with broad customer base of utilities, producers, and LNG exporters; ~64% revenue from natural gas pipelines is concentration by strategic design. |
| Maturity / Revenue |
8.6 |
ai |
Revenue $17.5B |
| Growth Potential |
7.8 |
ai |
Multiple tailwinds compounding: LNG export growth, AI/data center power demand driving gas pipeline expansions, and project backlog grew to ~$8.8B in 2024; strong rerating runway as gas-as-bridge-fuel narrative consolidates. |
| Volatility |
6.0 |
auto |
β 0.63 · D/E 98.84 |
| Market Standing |
8.5 |
auto |
Market cap $70.7B |
| Competitive Moat |
8.4 |
ai |
Largest natural gas pipeline network in North America (~40% of US gas transported), FERC-regulated assets with high replacement cost, long-term take-or-pay contracts, and effectively unreplicable right-of-way — strong regulatory + scale moat just shy of best-in-industry stacking. |