KMI vs. TPL: Kinder Morgan vs. Texas Pacific Land Stock Comparison
How do Kinder Morgan (KMI) and Texas Pacific Land (TPL) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Kinder Morgan (KMI) and Texas Pacific Land (TPL) both belong to the Oil, Gas & Consumable Fuels industry, though KMI is classified under Oil & Gas Storage & Transportation while TPL falls under Oil & Gas Exploration & Production.
| Profile Item | KMI | TPL |
|---|---|---|
| Name | Kinder Morgan Inc. | Texas Pacific Land Corporation |
| Country/Region | United States | United States |
| GICS Sector | Energy | Energy |
| GICS Industry Group | Energy | Energy |
| GICS Industry | Oil, Gas & Consumable Fuels | Oil, Gas & Consumable Fuels |
| GICS Sub-Industry | Oil & Gas Storage & Transportation | Oil & Gas Exploration & Production |
| Market Capitalization | 66.74 billion USD | 18.79 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | February 11, 2011 | March 17, 1980 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | KMI | TPL |
|---|---|---|
| Total Return (1Y) | 19.50% | -14.10% |
| Total Return (3Y, Annualized) | 29.33% | 16.13% |
| Total Return (5Y, Annualized) | 18.80% | 13.42% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
Kinder Morgan (KMI) is heavily traded at around 12.88M shares per day, whereas Texas Pacific Land (TPL) sees a more moderate 380.93K — larger orders in the latter may require more patience and tighter control over order sizing.
| Metric | KMI | TPL |
|---|---|---|
| Volatility (1Y, Annualized) | 22.00% | 49.74% |
| Beta (5Y) | 0.60 | 0.62 |
| Max Drawdown (5Y) | -20.31% | -52.50% |
| Avg. Volume (3M) | 12.88M | 380.93K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | KMI | TPL |
|---|---|---|
| Sharpe Ratio (1Y) | 0.69 | -0.37 |
| Sortino Ratio (1Y) | 1.01 | -0.50 |
Profitability
ROE (TTM)
Texas Pacific Land (TPL) at 37.07% sits in the top ROE quartile, while Kinder Morgan (KMI) at 11.43% is closer to the peer norm — stronger capital efficiency for TPL.
KMI
Energy industry group
11.43%
- Max
- 53.85%
- Q3
- 24.79%
- Median
- 12.85%
- KMI
- 11.43%
- Q1
- 2.03%
- Min
- -29.09%
TPL
Energy industry group
37.07%
- Max
- 53.85%
- TPL
- 37.07%
- Q3
- 24.79%
- Median
- 12.85%
- Q1
- 2.03%
- Min
- -29.09%
Net Margin (TTM)
Texas Pacific Land (TPL) at 60.71% converts revenue to bottom-line profit above its industry’s benchmark range, while Kinder Morgan (KMI) at 19.64% keeps roughly the typical share for its industry.
KMI
Energy industry group
19.64%
- Max
- 56.92%
- Q3
- 22.92%
- KMI
- 19.64%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
TPL
Energy industry group
60.71%
- TPL
- 60.71%
- Max
- 56.92%
- Q3
- 22.92%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
Operating Margin (TTM)
Texas Pacific Land (TPL) at 76.20% turns sales into operating profit above its industry’s benchmark range, while Kinder Morgan (KMI) at 24.03% operates around its industry’s norm.
KMI
Energy industry group
24.03%
- Max
- 71.31%
- Q3
- 33.75%
- KMI
- 24.03%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
TPL
Energy industry group
76.20%
- TPL
- 76.20%
- Max
- 71.31%
- Q3
- 33.75%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
Profitability Metrics
| Metric | KMI | TPL |
|---|---|---|
| ROE (TTM) | 11.43% | 37.07% |
| ROA (TTM) | 4.44% | 26.08% |
| Net Margin (TTM) | 19.64% | 60.71% |
| Operating Margin (TTM) | 24.03% | 76.20% |
| Gross Margin (TTM) | 48.65% | 94.09% |
Growth
Revenue Growth
Both Kinder Morgan (KMI) at 12.17% and Texas Pacific Land (TPL) at 13.09% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Both Kinder Morgan (KMI) at 17.09% and Texas Pacific Land (TPL) at 6.04% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | KMI | TPL |
|---|---|---|
| Revenue Growth (YoY) | 12.17% | 13.09% |
| Revenue Growth (3Y CAGR) | -4.09% | 6.15% |
| EPS Growth (YoY) | 17.09% | 6.04% |
| EPS Growth (3Y CAGR) | 6.95% | 2.78% |
Financial Strength
Current Ratio (MRQ)
Texas Pacific Land (TPL) at 5.41 carries current ratio above its industry’s typical mid-range, while Kinder Morgan (KMI) at 0.67 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.
KMI
Energy industry group
0.67
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- Q1
- 0.88
- KMI
- 0.67
- Min
- 0.24
TPL
Energy industry group
5.41
- TPL
- 5.41
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- Q1
- 0.88
- Min
- 0.24
Debt / Equity (MRQ)
Texas Pacific Land (TPL) at 0.01 keeps leverage in the lower quartile, while Kinder Morgan (KMI) at 1.02 sits in the higher-leverage quartile.
KMI
Energy industry group
1.02
- Max
- 1.75
- KMI
- 1.02
- Q3
- 0.93
- Median
- 0.54
- Q1
- 0.30
- Min
- 0.00
TPL
Energy industry group
0.01
- Max
- 1.75
- Q3
- 0.93
- Median
- 0.54
- Q1
- 0.30
- TPL
- 0.01
- Min
- 0.00
Financial Strength Metrics
| Metric | KMI | TPL |
|---|---|---|
| Current Ratio (MRQ) | 0.67 | 5.41 |
| Debt / Equity (MRQ) | 1.02 | 0.01 |
| Net Debt / EBITDA | 4.23 | -0.44 |
Dividends
Dividend Yield (TTM)
Kinder Morgan (KMI) at 3.93% delivers top-quartile income for its industry, while Texas Pacific Land (TPL) at 0.86% pays a more typical yield — both are credible income propositions, KMI the richer one.
KMI
Energy industry group
3.93%
- Max
- 8.57%
- KMI
- 3.93%
- Q3
- 3.58%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
TPL
Energy industry group
0.86%
- Max
- 8.57%
- Q3
- 3.58%
- Median
- 1.71%
- TPL
- 0.86%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Texas Pacific Land (TPL) at 27.42% pays out a band-typical share of earnings, while Kinder Morgan (KMI) at 72.84% distributes more than its industry norm — less retained, thinner cover.
KMI
Energy industry group
72.84%
- Max
- 133.24%
- KMI
- 72.84%
- Q3
- 53.31%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
TPL
Energy industry group
27.42%
- Max
- 133.24%
- Q3
- 53.31%
- TPL
- 27.42%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | KMI | TPL |
|---|---|---|
| Dividend Yield (TTM) | 3.93% | 0.86% |
| Dividend Payout Ratio (TTM) | 72.84% | 27.42% |
Valuation
P/E Ratio (TTM)
Kinder Morgan (KMI) at 18.49 is near its industry’s usual P/E ratio, while Texas Pacific Land (TPL) at 32.00 sits in the richer quartile — TPL needs stronger growth or earnings quality to justify the premium.
KMI
Energy industry group
18.49
- Max
- 39.54
- Q3
- 21.72
- KMI
- 18.49
- Median
- 12.19
- Q1
- 7.71
- Min
- 2.99
TPL
Energy industry group
32.00
- Max
- 39.54
- TPL
- 32.00
- Q3
- 21.72
- Median
- 12.19
- Q1
- 7.71
- Min
- 2.99
P/S Ratio (TTM)
Both look expensive on sales: Kinder Morgan (KMI) at 3.64 sits in the upper P/S ratio quartile, and Texas Pacific Land (TPL) at 19.41 prices even higher, above its industry range.
KMI
Energy industry group
3.64
- Max
- 5.40
- KMI
- 3.64
- Q3
- 2.85
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
TPL
Energy industry group
19.41
- TPL
- 19.41
- Max
- 5.40
- Q3
- 2.85
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
P/B Ratio (MRQ)
Kinder Morgan (KMI) at 2.11 sits near its industry’s typical P/B ratio, while Texas Pacific Land (TPL) at 10.42 prices above its benchmark range — TPL looks rich relative to book.
KMI
Energy industry group
2.11
- Max
- 4.21
- Q3
- 2.38
- KMI
- 2.11
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
TPL
Energy industry group
10.42
- TPL
- 10.42
- Max
- 4.21
- Q3
- 2.38
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
Valuation Metrics
| Metric | KMI | TPL |
|---|---|---|
| P/E Ratio (TTM) | 18.49 | 32.00 |
| P/S Ratio (TTM) | 3.64 | 19.41 |
| P/B Ratio (MRQ) | 2.11 | 10.42 |
| Free Cash Flow Yield (TTM) | 1.61% | 0.43% |