Return on Equity (ROE)
since 2010
Calculation
Kinder Morgan Inc., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss) attributable to Kinder Morgan, Inc.1 | ÷ | Total Kinder Morgan, Inc.’s stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2019 | 6.49% | = | 100 | × | 2,190) | ÷ | 33,742) |
| Dec 31, 2018 | 4.78% | = | 100 | × | 1,609) | ÷ | 33,678) |
| Dec 31, 2017 | 0.54% | = | 100 | × | 183) | ÷ | 33,636) |
| Dec 31, 2016 | 2.06% | = | 100 | × | 708) | ÷ | 34,431) |
| Dec 31, 2015 | 0.72% | = | 100 | × | 253) | ÷ | 35,119) |
| Dec 31, 2014 | 3.01% | = | 100 | × | 1,026) | ÷ | 34,076) |
| Dec 31, 2013 | 9.11% | = | 100 | × | 1,193) | ÷ | 13,093) |
| Dec 31, 2012 | 2.27% | = | 100 | × | 315) | ÷ | 13,865) |
| Dec 31, 2011 | 17.90% | = | 100 | × | 594) | ÷ | 3,321) |
| Dec 31, 2010 | -1.20% | = | 100 | × | (41) | ÷ | 3,439) |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).
1 US$ in millions
- Net Income (Loss) Attributable to Kinder Morgan, Inc.
- The net income demonstrated significant volatility throughout the period. Starting from a loss of 41 million US dollars in 2010, the company quickly moved to positive earnings, reaching 594 million in 2011. Subsequent years showed a general upward trend with some fluctuations, peaking at 2,190 million in 2019. Notably, the income experienced a sharp increase in 2013 to 1,193 million and maintained high levels with minor declines in intermediate years. The data indicate an overall improvement in profitability over the decade.
- Total Kinder Morgan, Inc.’s Stockholders’ Equity
- Stockholders’ equity saw substantial growth over the period. Beginning at 3,439 million in 2010, equity remained relatively steady through 2011 but then increased sharply by 2012 to 13,865 million. This level was largely maintained through 2013, followed by a pronounced rise in 2014 reaching 34,076 million. From 2014 onward, the equity remained stable, fluctuating slightly but holding close to the 33,600 to 35,100 million range. This pattern suggests significant capital injections or retained earnings contributing to a stronger equity base between 2010 and 2014, with stabilization thereafter.
- Return on Equity (ROE)
- ROE followed a variable path reflecting changes in net income relative to equity. After a negative return in 2010, it rose sharply to 17.9% in 2011, then declined and fluctuated within lower single-digit percentages for the majority of the subsequent years. The lowest return occurred in 2017 at 0.54%, while the highest after 2011 was 9.11% in 2013. Toward the end of the period, the ROE showed an improving trend reaching 6.49% in 2019. Overall, the ROE reflects modest profitability in relation to equity, with intermittent improvements suggesting episodic efficiency gains or favorable earnings performance.
Comparison to Competitors
Kinder Morgan Inc., ROE, long-term trends, comparison to competitors
| Kinder Morgan Inc. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Occidental Petroleum Corp. | |
|---|---|---|---|---|---|
| Dec 31, 2019 | 6.49% | 2.03% | 20.55% | 7.48% | -1.95% |
| Dec 31, 2018 | 4.78% | 9.59% | 19.59% | 10.87% | 19.37% |
| Dec 31, 2017 | 0.54% | 6.21% | -2.79% | 10.50% | 6.37% |
| Dec 31, 2016 | 2.06% | -0.34% | -10.34% | 4.69% | -2.67% |
| Dec 31, 2015 | 0.72% | 3.00% | -11.14% | 9.45% | -32.15% |
| Dec 31, 2014 | 3.01% | 12.41% | 13.23% | 18.65% | 1.76% |
| Dec 31, 2013 | 9.11% | 14.37% | 17.58% | 18.72% | 13.69% |
| Dec 31, 2012 | 2.27% | 19.18% | 17.56% | 27.06% | 11.49% |
| Dec 31, 2011 | 17.90% | 22.16% | 19.07% | 26.59% | 18.00% |
| Dec 31, 2010 | -1.20% | 18.10% | 16.57% | 20.74% | 13.95% |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Kinder Morgan Inc., ROE, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Kinder Morgan Inc. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2019 | 6.49% | 5.87% |
| Dec 31, 2018 | 4.78% | 11.52% |
| Dec 31, 2017 | 0.54% | 7.59% |
| Dec 31, 2016 | 2.06% | 0.85% |
| Dec 31, 2015 | 0.72% | 2.19% |
| Dec 31, 2014 | 3.01% | 14.23% |
| Dec 31, 2013 | 9.11% | 16.51% |
| Dec 31, 2012 | 2.27% | 21.54% |
| Dec 31, 2011 | 17.90% | 23.02% |
| Dec 31, 2010 | -1.20% | 18.52% |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).
Comparison to Industry (Energy)
Kinder Morgan Inc., ROE, long-term trends, comparison to industry (energy)
| Kinder Morgan Inc. | Energy | |
|---|---|---|
| Dec 31, 2019 | 6.49% | 3.18% |
| Dec 31, 2018 | 4.78% | 11.06% |
| Dec 31, 2017 | 0.54% | 6.57% |
| Dec 31, 2016 | 2.06% | 0.36% |
| Dec 31, 2015 | 0.72% | 2.49% |
| Dec 31, 2014 | 3.01% | 14.24% |
| Dec 31, 2013 | 9.11% | 16.56% |
| Dec 31, 2012 | 2.27% | 21.07% |
| Dec 31, 2011 | 17.90% | 22.48% |
| Dec 31, 2010 | -1.20% | 18.13% |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).