Kinder Morgan Inc (KMI)
Return on equity (ROE)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,391,000 | 2,467,000 | 2,511,000 | 2,560,000 | 2,548,000 | 2,515,000 | 2,434,000 | 1,042,000 | 1,784,000 | 1,754,000 | 1,714,000 | 1,834,000 | 119,000 | 122,000 | 173,000 | 1,328,000 | 2,190,000 | 2,074,000 | 2,300,000 | 1,641,000 |
| Total stockholders’ equity | US$ in thousands | 30,306,000 | 30,258,000 | 30,569,000 | 30,757,000 | 30,742,000 | 30,756,000 | 30,545,000 | 30,618,000 | 30,823,000 | 30,552,000 | 30,711,000 | 32,187,000 | 31,436,000 | 31,559,000 | 31,753,000 | 33,106,000 | 33,742,000 | 33,633,000 | 33,638,000 | 33,612,000 |
| ROE | 7.89% | 8.15% | 8.21% | 8.32% | 8.29% | 8.18% | 7.97% | 3.40% | 5.79% | 5.74% | 5.58% | 5.70% | 0.38% | 0.39% | 0.54% | 4.01% | 6.49% | 6.17% | 6.84% | 4.88% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,391,000K ÷ $30,306,000K
= 7.89%
To analyze Kinder Morgan Inc's return on equity (ROE) over the provided time period, we can observe a fluctuating trend. ROE measures the profitability of a company by indicating how efficiently it generates profits from its shareholders' equity.
In Q1 2022, Kinder Morgan Inc reported an ROE of 3.37%, which experienced a sharp increase to 7.94% in Q2 2022, indicating improved profitability. Subsequently, the ROE continued to rise, reaching 8.14% in Q3 2022 and 8.25% in Q4 2022.
Moving into 2023, the trend remained relatively stable, with ROE figures hovering around the 8% mark. Specifically, in Q1 2023, the ROE was 8.28%, slightly dropping to 8.17% in Q2 2023, and further decreasing to 8.10% in Q3 2023. In the most recent quarter, Q4 2023, the ROE stood at 7.84%.
Overall, Kinder Morgan Inc's ROE trend suggests a general improvement in profitability from the beginning of 2022, with fluctuations in the following quarters of 2023 without any significant downward trends. It is important to monitor ROE consistently to assess the company's ability to generate profits from shareholders' equity effectively.
Peer comparison
Dec 31, 2023