Subtext

Kinder Morgan, Inc. KMI

SectorEnergy
Transcripts56
Date range2007-08-08 – 2025-04-16
Calls charted56

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-15-7+0+7+152007 Q22013 Q12014 Q42016 Q32018 Q22020 Q12021 Q42023 Q32007 Q2 · Overall: +6.52007 Q3 · Overall: +4.82007 Q4 · Overall: +4.32012 Q1 · Overall: -12.92012 Q2 · Overall: +3.32012 Q3 · Overall: +2.12012 Q4 · Overall: +3.12013 Q1 · Overall: +2.02013 Q2 · Overall: +3.92013 Q3 · Overall: -3.42013 Q4 · Overall: +4.22014 Q1 · Overall: +5.22014 Q2 · Overall: +3.82014 Q3 · Overall: +1.52014 Q4 · Overall: +5.22015 Q1 · Overall: +1.22015 Q2 · Overall: +5.82015 Q3 · Overall: +2.02015 Q4 · Overall: -0.72016 Q1 · Overall: +0.22016 Q2 · Overall: +4.02016 Q3 · Overall: +2.42016 Q4 · Overall: +2.82017 Q1 · Overall: +4.52017 Q2 · Overall: +5.52017 Q3 · Overall: +0.02017 Q4 · Overall: +6.82018 Q1 · Overall: +3.42018 Q2 · Overall: +5.42018 Q3 · Overall: +4.72018 Q4 · Overall: -0.52019 Q1 · Overall: +5.52019 Q2 · Overall: +3.82019 Q3 · Overall: +5.42019 Q4 · Overall: +4.92020 Q1 · Overall: -5.82020 Q2 · Overall: +0.92020 Q3 · Overall: +3.32020 Q4 · Overall: +7.22021 Q1 · Overall: +5.42021 Q2 · Overall: +4.32021 Q3 · Overall: +5.62021 Q4 · Overall: +5.42022 Q1 · Overall: +7.32022 Q2 · Overall: +8.42022 Q3 · Overall: +7.52022 Q4 · Overall: +10.22023 Q1 · Overall: +4.32023 Q2 · Overall: +5.72023 Q3 · Overall: +8.92023 Q4 · Overall: +4.52024 Q1 · Overall: +6.62024 Q2 · Overall: +4.02024 Q3 · Overall: +7.12024 Q4 · Overall: +9.22025 Q1 · Overall: +4.9
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-31-15+0+15+312007 Q22013 Q12014 Q42016 Q32018 Q22020 Q12021 Q42023 Q32007 Q2 · CEO: +8.22007 Q3 · CEO: +14.52007 Q4 · CEO: +9.22012 Q1 · CEO: -8.92012 Q2 · CEO: +9.62012 Q3 · CEO: +9.12013 Q1 · CEO: +4.92013 Q3 · CEO: +1.72013 Q4 · CEO: +11.32014 Q1 · CEO: +7.12014 Q2 · CEO: +8.42014 Q3 · CEO: +3.22014 Q4 · CEO: +7.02015 Q1 · CEO: +7.42015 Q2 · CEO: +11.02015 Q3 · CEO: +4.32015 Q4 · CEO: +4.42016 Q1 · CEO: +2.92016 Q2 · CEO: +9.42016 Q3 · CEO: +8.52016 Q4 · CEO: +12.92017 Q1 · CEO: +7.22017 Q2 · CEO: +11.42017 Q3 · CEO: +3.22017 Q4 · CEO: +9.62018 Q1 · CEO: +6.02018 Q2 · CEO: +12.12018 Q3 · CEO: +9.52021 Q1 · CEO: +11.22022 Q4 · CEO: +11.02023 Q2 · CEO: +7.82007 Q4 · CFO: -5.92012 Q1 · CFO: -26.82012 Q4 · CFO: +12.22013 Q1 · CFO: -5.62013 Q2 · CFO: +0.02013 Q3 · CFO: -6.12013 Q4 · CFO: +0.02014 Q1 · CFO: -1.12014 Q2 · CFO: +1.82014 Q3 · CFO: +1.32014 Q4 · CFO: -4.22015 Q1 · CFO: -2.22015 Q2 · CFO: +0.42015 Q3 · CFO: -2.52015 Q4 · CFO: -1.52016 Q1 · CFO: +0.42016 Q2 · CFO: -0.72016 Q3 · CFO: -0.72016 Q4 · CFO: -6.72017 Q1 · CFO: +3.82017 Q2 · CFO: +4.02017 Q3 · CFO: +3.72017 Q4 · CFO: +4.72018 Q1 · CFO: +3.92018 Q2 · CFO: +11.32018 Q3 · CFO: +11.02018 Q4 · CFO: +11.22019 Q1 · CFO: +6.22019 Q2 · CFO: +3.82019 Q3 · CFO: +5.02019 Q4 · CFO: +8.52020 Q1 · CFO: -10.82020 Q2 · CFO: -7.12020 Q3 · CFO: +11.22020 Q4 · CFO: +2.42021 Q1 · CFO: +2.42021 Q3 · CFO: +4.3
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-19-10+0+10+192007 Q22013 Q12014 Q42016 Q32018 Q22020 Q12021 Q42023 Q32007 Q2 · Prepared remarks: +10.22007 Q3 · Prepared remarks: +8.32007 Q4 · Prepared remarks: +7.22012 Q1 · Prepared remarks: -11.52012 Q2 · Prepared remarks: -7.02012 Q3 · Prepared remarks: +0.02012 Q4 · Prepared remarks: -16.82013 Q1 · Prepared remarks: -11.22013 Q2 · Prepared remarks: -8.72013 Q3 · Prepared remarks: -6.72013 Q4 · Prepared remarks: +4.52014 Q1 · Prepared remarks: +4.92014 Q2 · Prepared remarks: +3.12014 Q3 · Prepared remarks: +0.62014 Q4 · Prepared remarks: +4.32015 Q1 · Prepared remarks: +3.22015 Q2 · Prepared remarks: +3.52015 Q3 · Prepared remarks: +2.82015 Q4 · Prepared remarks: +1.52016 Q1 · Prepared remarks: -0.22016 Q2 · Prepared remarks: +6.62016 Q3 · Prepared remarks: +3.12016 Q4 · Prepared remarks: +5.92017 Q1 · Prepared remarks: +8.42017 Q2 · Prepared remarks: +5.72017 Q3 · Prepared remarks: +3.92017 Q4 · Prepared remarks: +9.42018 Q1 · Prepared remarks: +4.02018 Q2 · Prepared remarks: +7.52018 Q3 · Prepared remarks: +10.52018 Q4 · Prepared remarks: +4.42019 Q1 · Prepared remarks: +5.82019 Q2 · Prepared remarks: +3.42019 Q3 · Prepared remarks: +5.12019 Q4 · Prepared remarks: +8.92020 Q1 · Prepared remarks: -4.72020 Q2 · Prepared remarks: -3.82020 Q3 · Prepared remarks: +9.52020 Q4 · Prepared remarks: +11.02021 Q1 · Prepared remarks: +6.32021 Q2 · Prepared remarks: +3.32021 Q3 · Prepared remarks: +6.92021 Q4 · Prepared remarks: +7.32022 Q1 · Prepared remarks: +7.92022 Q2 · Prepared remarks: +11.82022 Q3 · Prepared remarks: +7.42022 Q4 · Prepared remarks: +10.22023 Q1 · Prepared remarks: +7.52023 Q2 · Prepared remarks: +10.22023 Q3 · Prepared remarks: +9.12023 Q4 · Prepared remarks: +5.52024 Q1 · Prepared remarks: +3.72024 Q2 · Prepared remarks: +1.22024 Q3 · Prepared remarks: +10.42024 Q4 · Prepared remarks: +9.72025 Q1 · Prepared remarks: +1.42007 Q2 · Q&A responses: +4.62007 Q3 · Q&A responses: +1.02007 Q4 · Q&A responses: +2.62012 Q1 · Q&A responses: -10.32012 Q2 · Q&A responses: +8.32012 Q3 · Q&A responses: +5.32012 Q4 · Q&A responses: +8.02013 Q1 · Q&A responses: +5.52013 Q2 · Q&A responses: +7.92013 Q3 · Q&A responses: +3.02013 Q4 · Q&A responses: +7.22014 Q1 · Q&A responses: +8.82014 Q2 · Q&A responses: +8.82014 Q3 · Q&A responses: +5.72014 Q4 · Q&A responses: +8.22015 Q1 · Q&A responses: +3.52015 Q2 · Q&A responses: +12.42015 Q3 · Q&A responses: +4.02015 Q4 · Q&A responses: +4.32016 Q1 · Q&A responses: +3.72016 Q2 · Q&A responses: +8.32016 Q3 · Q&A responses: +7.42016 Q4 · Q&A responses: +10.42017 Q1 · Q&A responses: +3.72017 Q2 · Q&A responses: +12.32017 Q3 · Q&A responses: +2.42017 Q4 · Q&A responses: +7.02018 Q1 · Q&A responses: +6.92018 Q2 · Q&A responses: +13.52018 Q3 · Q&A responses: +7.72018 Q4 · Q&A responses: +5.22019 Q1 · Q&A responses: +8.82019 Q2 · Q&A responses: +8.92019 Q3 · Q&A responses: +12.02019 Q4 · Q&A responses: +5.52020 Q1 · Q&A responses: -2.52020 Q2 · Q&A responses: +7.32020 Q3 · Q&A responses: +2.92020 Q4 · Q&A responses: +8.72021 Q1 · Q&A responses: +6.12021 Q2 · Q&A responses: +9.12021 Q3 · Q&A responses: +5.52021 Q4 · Q&A responses: +8.62022 Q2 · Q&A responses: +13.42022 Q3 · Q&A responses: +15.02022 Q4 · Q&A responses: +14.42023 Q1 · Q&A responses: +3.02023 Q2 · Q&A responses: +8.42023 Q4 · Q&A responses: +7.72024 Q1 · Q&A responses: +15.32024 Q2 · Q&A responses: +11.82024 Q3 · Q&A responses: +8.22025 Q1 · Q&A responses: +13.6
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$0.63$1.06$1.482007 Q22013 Q12014 Q42016 Q32018 Q22020 Q12021 Q42023 Q32014 Q1: $1.412014 Q2: $1.432014 Q3: $1.382014 Q4: $1.292015 Q1: $0.912015 Q2: $0.912015 Q3: $0.882015 Q4: $0.752016 Q1: $0.752016 Q2: $0.742016 Q3: $0.752016 Q4: $0.722017 Q1: $0.702017 Q2: $0.712017 Q3: $0.692017 Q4: $0.712018 Q1: $0.842018 Q2: $0.932018 Q3: $0.972018 Q4: $1.042019 Q1: $1.042019 Q2: $1.052019 Q3: $1.052019 Q4: $1.042020 Q1: $1.002020 Q2: $0.812020 Q3: $0.882020 Q4: $0.902021 Q1: $0.932021 Q2: $1.062021 Q3: $1.092021 Q4: $1.032022 Q1: $1.082022 Q2: $1.192022 Q3: $1.212022 Q4: $1.122023 Q1: $1.132023 Q2: $1.162023 Q3: $1.192023 Q4: $1.212024 Q1: $1.232024 Q2: $1.242024 Q3: $1.252024 Q4: $1.29

Forward P/E

7.1327.7748.402007 Q22013 Q12014 Q42016 Q32018 Q22020 Q12021 Q42023 Q32014 Q1: 22.112014 Q2: 24.612014 Q3: 27.582014 Q4: 30.922015 Q1: 45.552015 Q2: 43.432015 Q3: 34.972015 Q4: 21.252016 Q1: 25.272016 Q2: 23.852016 Q3: 28.832016 Q4: 28.922017 Q1: 31.052017 Q2: 26.522017 Q3: 28.072017 Q4: 25.142018 Q1: 19.492018 Q2: 18.002018 Q3: 18.732018 Q4: 14.972019 Q1: 19.172019 Q2: 19.942019 Q3: 19.732019 Q4: 19.922020 Q1: 9.982020 Q2: 19.242020 Q3: 15.172020 Q4: 16.222021 Q1: 17.542021 Q2: 17.782021 Q3: 15.062021 Q4: 15.412022 Q1: 15.972022 Q2: 14.852022 Q3: 15.382022 Q4: 16.172023 Q1: 14.712023 Q2: 14.632023 Q3: 14.452023 Q4: 14.452024 Q1: 14.522024 Q2: 15.982024 Q3: 17.322024 Q4: 20.02

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q4 tone ↑ +3.6 fwd EPS ↓ -0.09 Tone rose while the forward EPS estimate was cut.
  • 2016 Q2 tone ↑ +3.8 fwd EPS ↓ -0.01 Tone rose while the forward EPS estimate was cut.
  • 2018 Q1 tone ↓ -3.4 fwd EPS ↑ +0.13 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↓ -5.1 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +6.7 fwd EPS ↓ -0.19 Tone rose while the forward EPS estimate was cut.
  • 2022 Q4 tone ↑ +2.7 fwd EPS ↓ -0.08 Tone rose while the forward EPS estimate was cut.
  • 2023 Q4 tone ↓ -4.4 fwd EPS ↑ +0.02 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-16+4.9——View →
2024 Q42025-01-22+9.2$1.2920.0View →
2024 Q32024-10-16+7.1$1.2517.3View →
2024 Q22024-07-17+4.0$1.2416.0View →
2024 Q12024-04-17+6.6$1.2314.5View →
2023 Q42024-01-17+4.5$1.2114.4View →
2023 Q32023-10-18+8.9$1.1914.4View →
2023 Q22023-07-19+5.7$1.1614.6View →