Kinder Morgan

Halal Rating :
Questionable
Last Price $26.8
Market Cap $59.66b
1D Change

0.47 %

1 Year Change

40.77 %

Next Earnings Date

Yet to be announced

Company Overview

Kinder Morgan, Inc. operates as an energy infrastructure company in North America. It owns and operates approximately 83,000 miles of pipelines and 143 terminals. The CO2 segment produces, transports, and markets CO2 to recovery and production crude oil from mature oil fields.

Revenue Sources

Pass

Based on Kinder Morgan's SEC filings and company reports, their revenue primarily comes from energy transportation and storage services. These activities involve the movement and storage of natural gas, petroleum products, and CO2, which are permissible business activities from an Islamic finance perspective. The company operates as an infrastructure provider rather than engaging in prohibited activities.

The company's business model is based on fee-based contracts for transportation and storage services, which is considered halal as it represents payment for actual services rendered.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
March 31, 2025 $4.24b $3.1b - - 0.00% 0.00%
Dec. 31, 2024 $3.99b $2.88b - - 0.00% 0.00%
Sept. 30, 2024 $3.7b $2.68b - - 0.00% 0.00%
June 30, 2024 $3.57b $2.53b - - 0.00% 0.00%

Looking at the financial data provided for the most recent four quarters, Kinder Morgan's interest income and expense figures are reported as $0, which is unusual for a company of this size. This likely indicates a difference in reporting format rather than actual zero interest. Given the company's size and infrastructure-heavy business model, they likely have some form of debt financing, but the exact interest figures are not visible in the provided data format.

Without complete interest income and expense data, we cannot make a definitive assessment of this criteria.

Operational Ethics

Pass

Based on review of Kinder Morgan's operations and public disclosures, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's operations are primarily concentrated in North America, and there are no documented substantial business relationships with the state of Israel or the Chinese Communist Party.

Rating Justification

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