Kinder Morgan management check
KMI · Energy · Oil & Gas Storage & Transportation · CEO Kimberly A Dang
Filings as of
2 good · 4 to watch · 0 flagged, across the seven questions below.
- Watch
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $269, against $291 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.17 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- n/a
What does the CEO cost owners?
Not enough dataNo pay or net income figure for the latest year.
- Watch
Do they own the stock?
CEO stake ≈ 3.8 years of payThe CEO holds 1,467,176 shares, directly or through trusts (unvested awards not counted): about 3.8 years of pay. Light activity: no buys, $895k sold in six months. 9 of 9 sales ran on pre-arranged 10b5-1 plans.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -0.2% a year over the last three fiscal years.
- Watch
Is leadership stable?
2 CEOs in the pay tableCEOs in the pay table: Mr. Kean, Ms. Dang. 4 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Energy.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 41 | 64 | |
| Pay for performance | 59 | 65 | |
| CEO cost | — | — | 66 |
| Skin in the game | 64 | 49 | |
| Dilution | 53 | 58 | |
| Stable leadership | 60 | 73 | |
| Clean books | 100 | 100 |
Closest peers
Others in Oil & Gas Storage & Transportation, by management score. Kinder Morgan is 15th of 20 in its sector.
- 17TRGPTarga Resources86
- 253WMBWilliams Companies64
- 257CVXChevron Corporation64
- 279KMIKinder Morgan63
- 287EQTEQT Corporation62
- 414OKEOneok51
Pay versus performance
From the proxy statement filed April 2, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Ms. Dang | $12.3m | $14.3m | $4.0m | $269 | $291 | — |
| 2024 | Ms. Dang | $11.5m | $26.8m | $3.7m | $178 | $212 | — |
| 2023 | Mr. Kean, Ms. Dang | $12.4m | $13.4m | $4.8m | $108 | $147 | — |
| 2022 | Mr. Kean | $1.5m | $3.4m | $3.9m | $104 | $129 | — |
| 2021 | Mr. Kean | $18.0m | $21.0m | $3.5m | $86 | $106 | — |
The board says pay is tied most to DCF per share. Its other key measures: Consolidated Leverage Ratio, Segment EBDA (applicable to business segment Presidents).
Insiders and the CEO's stake
Kimberly A Dang (Chief Executive Officer) held 1,467,176 shares directly after their latest Form 4 on Jul 31, 2026, roughly $47.2m at that filing's price.
Light activity: no buys, $895k sold in six months. 9 of 9 sales ran on pre-arranged 10b5-1 plans.
- SoldJohn W SchlosserV.P. (President, Terminals) · 10b5-1 plan$593kJul 6, 2026
- SoldMichael P. GarthwaiteVP (Pres., Products Pipelines) · 10b5-1 plan$302kOct 16, 2026
Leadership and governance on file
- Apr 22, 2026Leadership change8-K 5.02
- Feb 27, 2025Leadership change8-K 5.02
- Jul 31, 2024Leadership change8-K 5.02
- Dec 21, 2023Leadership change8-K 5.02
- Sep 21, 2023Leadership change8-K 5.02
- Jul 20, 2023Leadership change8-K/A 5.02
- Feb 17, 2023Leadership change8-K 5.02
- Jan 24, 2023Leadership change8-K 5.02
Latest shareholder vote results: May 19, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $13.5bn returned to owners in buybacks and dividends, 109% of net income, and $0 of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $16.2bn | $18.1bn | $13.6bn | $13.5bn | $15.2bn |
| Net income | $1.8bn | $2.5bn | $2.4bn | $2.6bn | $3.1bn |
| Stock-based pay | — | — | — | — | — |
| Buybacks | $0 | $368.0m | $522.0m | $7.0m | $0 |
| Dividends | $2.4bn | $2.5bn | $2.5bn | $2.6bn | $2.6bn |
| Diluted shares | 2266m | 2258m | 2234m | 2220m | 2223m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.