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KMI vs. TRGP: Kinder Morgan vs. Targa Resources Stock Comparison

How do Kinder Morgan (KMI) and Targa Resources (TRGP) 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 Targa Resources (TRGP) are both classified in the Oil & Gas Storage & Transportation sub-industry within the broader Oil, Gas & Consumable Fuels industry, placing them in the closest GICS peer bucket.

Company profile comparison for Kinder Morgan (KMI) and Targa Resources (TRGP)
Profile ItemKMITRGP
NameKinder Morgan Inc.Targa Resources Corp.
Country/RegionUnited StatesUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Storage & TransportationOil & Gas Storage & Transportation
Market Capitalization66.74 billion USD56.77 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateFebruary 11, 2011December 7, 2010
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

KMI
TRGP
GSPC
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Kinder Morgan (KMI) vs. Targa Resources (TRGP), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Kinder Morgan (KMI) and Targa Resources (TRGP). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Kinder Morgan (KMI) and Targa Resources (TRGP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Kinder Morgan (KMI) and Targa Resources (TRGP)
MetricKMITRGP
Total Return (1Y)19.50%61.02%
Total Return (3Y, Annualized)29.33%51.25%
Total Return (5Y, Annualized)18.80%39.54%

Risk Profile

Drawdown History

KMI
TRGP
GSPC
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Kinder Morgan (KMI) vs. Targa Resources (TRGP), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Kinder Morgan (KMI) and Targa Resources (TRGP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Kinder Morgan (KMI) and Targa Resources (TRGP)
MetricKMITRGP
Volatility (1Y, Annualized)22.00%29.62%
Beta (5Y)0.600.79
Max Drawdown (5Y)-20.31%-31.61%
Avg. Volume (3M)12.88M1.21M

Risk-Adjusted Performance

Risk-Return Positioning

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KMI and TRGP are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Kinder Morgan (KMI) and Targa Resources (TRGP)
MetricKMITRGP
Sharpe Ratio (1Y)0.691.92
Sortino Ratio (1Y)1.012.91

Profitability

ROE (TTM)

Targa Resources (TRGP) at 73.42% clears its industry range for ROE, a sharper capital-efficiency signal than Kinder Morgan (KMI) at 11.43%, which is closer to a typical peer reading.

KMI

Energy industry group

11.43%

Max
53.85%
Q3
24.79%
Median
12.85%
KMI
11.43%
Q1
2.03%
Min
-29.09%

TRGP

Energy industry group

73.42%

TRGP
73.42%
Max
53.85%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%
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Kinder Morgan (KMI) vs. Targa Resources (TRGP): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Kinder Morgan (KMI) at 19.64% and Targa Resources (TRGP) at 13.46% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

KMI

Energy industry group

19.64%

Max
56.92%
Q3
22.92%
KMI
19.64%
Median
10.10%
Q1
0.07%
Min
-27.38%

TRGP

Energy industry group

13.46%

Max
56.92%
Q3
22.92%
TRGP
13.46%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Kinder Morgan (KMI) vs. Targa Resources (TRGP): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Kinder Morgan (KMI) at 24.03% and Targa Resources (TRGP) at 19.58% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

KMI

Energy industry group

24.03%

Max
71.31%
Q3
33.75%
KMI
24.03%
Median
18.73%
Q1
6.94%
Min
-24.52%

TRGP

Energy industry group

19.58%

Max
71.31%
Q3
33.75%
TRGP
19.58%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Kinder Morgan (KMI) vs. Targa Resources (TRGP): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Kinder Morgan (KMI) and Targa Resources (TRGP)
MetricKMITRGP
ROE (TTM)11.43%73.42%
ROA (TTM)4.44%9.52%
Net Margin (TTM)19.64%13.46%
Operating Margin (TTM)24.03%19.58%
Gross Margin (TTM)48.65%41.82%

Growth

Revenue Growth

Both Kinder Morgan (KMI) at 12.17% and Targa Resources (TRGP) at 3.95% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Kinder Morgan (KMI) vs. Targa Resources (TRGP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Targa Resources (TRGP) at 46.92% sits in the top EPS growth quartile, while Kinder Morgan (KMI) at 17.09% is closer to the peer norm — faster per-share earnings growth for TRGP.

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Kinder Morgan (KMI) vs. Targa Resources (TRGP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Kinder Morgan (KMI) and Targa Resources (TRGP)
MetricKMITRGP
Revenue Growth (YoY)12.17%3.95%
Revenue Growth (3Y CAGR)-4.09%-6.65%
EPS Growth (YoY)17.09%46.92%
EPS Growth (3Y CAGR)6.95%30.53%

Financial Strength

Current Ratio (MRQ)

Both Kinder Morgan (KMI) at 0.67 and Targa Resources (TRGP) at 0.74 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

KMI

Energy industry group

0.67

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
KMI
0.67
Min
0.24

TRGP

Energy industry group

0.74

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
TRGP
0.74
Min
0.24
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Kinder Morgan (KMI) vs. Targa Resources (TRGP): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Both balance sheets lean debt-heavy versus peers, but TRGP is more stretched: Kinder Morgan (KMI) at 1.02 sits in the higher-leverage quartile and Targa Resources (TRGP) at 5.01 is above its industry benchmark range.

KMI

Energy industry group

1.02

Max
1.75
KMI
1.02
Q3
0.93
Median
0.54
Q1
0.30
Min
0.00

TRGP

Energy industry group

5.01

TRGP
5.01
Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
Min
0.00
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Kinder Morgan (KMI) vs. Targa Resources (TRGP): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Kinder Morgan (KMI) and Targa Resources (TRGP)
MetricKMITRGP
Current Ratio (MRQ)0.670.74
Debt / Equity (MRQ)1.025.01
Net Debt / EBITDA4.233.38

Dividends

Dividend Yield (TTM)

Kinder Morgan (KMI) at 3.93% delivers top-quartile income for its industry, while Targa Resources (TRGP) at 1.75% 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%

TRGP

Energy industry group

1.75%

Max
8.57%
Q3
3.58%
TRGP
1.75%
Median
1.71%
Q1
0.00%
Min
0.00%
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Kinder Morgan (KMI) vs. Targa Resources (TRGP): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Targa Resources (TRGP) at 39.82% 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%

TRGP

Energy industry group

39.82%

Max
133.24%
Q3
53.31%
TRGP
39.82%
Median
25.24%
Q1
0.00%
Min
0.00%
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Kinder Morgan (KMI) vs. Targa Resources (TRGP): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Kinder Morgan (KMI) and Targa Resources (TRGP)
MetricKMITRGP
Dividend Yield (TTM)3.93%1.75%
Dividend Payout Ratio (TTM)72.84%39.82%

Valuation

P/E Ratio (TTM)

Kinder Morgan (KMI) at 18.49 is near its industry’s usual P/E ratio, while Targa Resources (TRGP) at 23.42 sits in the richer quartile — TRGP 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

TRGP

Energy industry group

23.42

Max
39.54
TRGP
23.42
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99
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Kinder Morgan (KMI) vs. Targa Resources (TRGP): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Both Kinder Morgan (KMI) at 3.64 and Targa Resources (TRGP) at 3.12 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

KMI

Energy industry group

3.64

Max
5.40
KMI
3.64
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00

TRGP

Energy industry group

3.12

Max
5.40
TRGP
3.12
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00
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Kinder Morgan (KMI) vs. Targa Resources (TRGP): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Kinder Morgan (KMI) at 2.11 sits near its industry’s typical P/B ratio, while Targa Resources (TRGP) at 14.87 prices above its benchmark range — TRGP 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

TRGP

Energy industry group

14.87

TRGP
14.87
Max
4.21
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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Kinder Morgan (KMI) vs. Targa Resources (TRGP): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Kinder Morgan (KMI) and Targa Resources (TRGP)
MetricKMITRGP
P/E Ratio (TTM)18.4923.42
P/S Ratio (TTM)3.643.12
P/B Ratio (MRQ)2.1114.87
Free Cash Flow Yield (TTM)1.61%0.29%