Kinder Morgan, Inc. bonds KMI
Who owns Kinder Morgan, Inc.'s debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. KMI stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 196500AA0 | 4.15% fixed | 2026-08-15 | USD | 99.97 | 4.90% | 117 bp | 3 | $15.5M | Jul 2026 |
| 49456BAU5 | 1.75% fixed | 2026-11-15 | USD | 99.26 | 4.34% | 59 bp | 12 | $88.2M | Jul 2026 |
| 880451AS8 | 7% fixed | 2027-03-15 | USD | 101.50 | 4.53% | 64 bp | 1 | $2.0M | Jul 2026 |
| 49456BAP6 | 4.3% fixed | 2028-03-01 | USD | 99.53 | 4.61% | 46 bp | 11 | $34.0M | Jul 2026 |
| 28336LBD0 | 6.95% fixed | 2028-06-01 | USD | 103.44 | 5.05% | 95 bp | 1 | $3.9M | Jun 2026 |
| 880451AV1 | 7% fixed | 2028-10-15 | USD | 104.63 | 4.76% | 53 bp | 5 | $4.8M | Jul 2026 |
| 494553AD2 | 5% fixed | 2029-02-01 | USD | 100.53 | 4.77% | 53 bp | 21 | $115.0M | Jul 2026 |
| 49456BAZ4 | 5.1% fixed | 2029-08-01 | USD | 100.93 | 4.76% | 50 bp | 16 | $35.2M | Jul 2026 |
| 880451AZ2 | 2.9% fixed | 2030-03-01 | USD | 93.04 | 5.04% | 76 bp | 6 | $4.9M | Jul 2026 |
| 49456BBB6 | 5.15% fixed | 2030-06-01 | USD | 100.86 | 4.90% | 61 bp | 16 | $24.6M | Jul 2026 |
| 28368EAA4 | 8.05% fixed | 2030-10-15 | USD | 111.56 | 5.02% | 83 bp | 5 | $43.0M | Jun 2026 |
| 49456BAR2 | 2% fixed | 2031-02-15 | USD | 87.83 | 5.03% | 72 bp | 9 | $36.1M | Jul 2026 |
| 28368EAD8 | 7.8% fixed | 2031-08-01 | USD | 112.15 | 5.02% | 69 bp | 12 | $7.4M | Jul 2026 |
| 28368EAE6 | 7.75% fixed | 2032-01-15 | USD | 112.27 | 5.14% | 78 bp | 13 | $27.5M | Jul 2026 |
| 843452AZ6 | 8% fixed | 2032-03-01 | USD | 112.57 | 5.36% | 100 bp | 1 | $14.0M | Jul 2026 |
| 494550AL0 | 7.75% fixed | 2032-03-15 | USD | 112.32 | 5.19% | 82 bp | 6 | $8.7M | Jul 2026 |
| 880451AW9 | 8.375% fixed | 2032-06-15 | USD | 114.72 | 5.41% | 103 bp | 4 | $2.2M | Jul 2026 |
| 49456BAV3 | 4.8% fixed | 2033-02-01 | USD | 97.44 | 5.27% | 84 bp | 9 | $5.2M | Jul 2026 |
| 49456BAX9 | 5.2% fixed | 2033-06-01 | USD | 99.78 | 5.24% | 79 bp | 8 | $8.8M | Jul 2026 |
| 494553AE0 | 5.4% fixed | 2034-02-01 | USD | 100.22 | 5.36% | 88 bp | 12 | $7.0M | Jul 2026 |
| 49456BAG6 | 5.3% fixed | 2034-12-01 | USD | 98.76 | 5.49% | 96 bp | 9 | $10.3M | Jul 2026 |
| 494550AT3 | 5.8% fixed | 2035-03-15 | USD | 101.91 | 5.52% | 98 bp | 12 | $24.0M | Jul 2026 |
| 49456BBC4 | 5.85% fixed | 2035-06-01 | USD | 102.37 | 5.51% | 96 bp | 12 | $21.9M | Jul 2026 |
| 49456BBE0 | 5.55% fixed | 2036-08-01 | USD | 99.31 | 5.64% | 104 bp | 13 | $53.2M | Jul 2026 |
| 494550AV8 | 6.5% fixed | 2037-02-01 | USD | 106.08 | 5.72% | 110 bp | 7 | $3.1M | Jul 2026 |
| 28336LBH1 | 7.42% fixed | 2037-02-15 | USD | 113.26 | 5.74% | 124 bp | 1 | $3.4M | Jun 2026 |
| 880451AU3 | 7.625% fixed | 2037-04-01 | USD | 114.63 | 5.77% | 114 bp | 3 | $2.0M | Jul 2026 |
| 494550AW6 | 6.95% fixed | 2038-01-15 | USD | 109.25 | 5.83% | 116 bp | 21 | $26.5M | Jul 2026 |
| 494550BD7 | 6.5% fixed | 2039-09-01 | USD | 104.55 | 5.99% | 124 bp | 11 | $13.6M | Jul 2026 |
| 494550BF2 | 6.55% fixed | 2040-09-15 | USD | 105.10 | 6.01% | 120 bp | 7 | $8.7M | Jul 2026 |
| 28370TAD1 | 7.5% fixed | 2040-11-15 | USD | 113.71 | 6.05% | 123 bp | 7 | $2.7M | Jul 2026 |
| 494550BH8 | 6.38% fixed | 2041-03-01 | USD | 102.96 | 6.07% | 124 bp | 11 | $12.7M | Jul 2026 |
| 494550BK1 | 5.625% fixed | 2041-09-01 | USD | 95.42 | 6.09% | 123 bp | 6 | $1.5M | Jul 2026 |
| 494550BN5 | 5% fixed | 2042-08-15 | USD | 87.75 | 6.22% | 131 bp | 10 | $8.9M | Jul 2026 |
| 28370TAF6 | 4.7% fixed | 2042-11-01 | USD | 84.77 | 6.20% | 128 bp | 11 | $37.4M | Jul 2026 |
| 494550BP0 | 5% fixed | 2043-03-01 | USD | 87.76 | 6.19% | 126 bp | 12 | $40.6M | Jul 2026 |
| 494550BU9 | 5.5% fixed | 2044-03-01 | USD | 91.63 | 6.29% | 131 bp | 13 | $16.2M | Jul 2026 |
| 494550BW5 | 5.4% fixed | 2044-09-01 | USD | 90.44 | 6.29% | 128 bp | 13 | $12.9M | Jul 2026 |
| 49456BAH4 | 5.55% fixed | 2045-06-01 | USD | 92.29 | 6.25% | 120 bp | 11 | $12.3M | Jul 2026 |
| 49456BAJ0 | 5.05% fixed | 2046-02-15 | USD | 86.20 | 6.29% | 120 bp | 5 | $1.5M | Jul 2026 |
| 49456BAQ4 | 5.2% fixed | 2048-03-01 | USD | 86.96 | 6.31% | 120 bp | 5 | $1.6M | Jul 2026 |
| 49456BAS0 | 3.25% fixed | 2050-08-01 | USD | 62.76 | 6.27% | 117 bp | 4 | $727K | Jul 2026 |
| 49456BAT8 | 3.6% fixed | 2051-02-15 | USD | 66.79 | 6.27% | 116 bp | 10 | $8.4M | Jul 2026 |
| 49456BAW1 | 5.45% fixed | 2052-08-01 | USD | 88.85 | 6.33% | 122 bp | 8 | $1.9M | Jul 2026 |
| 49456BBA8 | 5.95% fixed | 2054-08-01 | USD | 95.86 | 6.27% | 116 bp | 7 | $5.5M | Jul 2026 |
| 49456BBF7 | 6.15% fixed | 2056-08-01 | USD | 97.23 | 6.36% | 126 bp | 9 | $9.6M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 1 | $5.1M | 92.64 | 6.22% | 107 bp | 1 |
| Jul 2026 | 43 | $778.9M | 99.78 | 5.72% | 110 bp | 21 |
| Jun 2026 | 44 | $2.45B | 101.33 | 5.47% | 94 bp | 36 |
| May 2026 | 41 | $1.31B | 101.31 | 5.47% | 84 bp | 32 |
| Apr 2026 | 41 | $739.3M | 101.55 | 5.49% | 111 bp | 21 |
| Mar 2026 | 44 | $2.43B | 101.85 | 5.47% | 116 bp | 38 |
| Feb 2026 | 41 | $1.33B | 103.18 | 5.06% | 96 bp | 32 |
| Jan 2026 | 42 | $779.0M | 102.40 | 5.31% | 104 bp | 23 |
| Dec 2025 | 45 | $2.42B | 102.86 | 5.25% | 113 bp | 42 |
| Nov 2025 | 41 | $1.34B | 102.57 | 5.32% | 111 bp | 34 |
| Oct 2025 | 42 | $743.8M | 102.14 | 5.27% | 120 bp | 24 |
| Sep 2025 | 45 | $2.41B | 102.45 | 5.16% | 111 bp | 49 |
| Aug 2025 | 42 | $1.30B | 100.88 | 5.43% | 123 bp | 34 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 111 added, 80 cut, 19 new holders and 19 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| Dodge & Cox Income Fund Dodge & Cox Funds | 2026-06-30 | $323.8M | $335.6M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $325.5M | $322.0M | $11.2M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $282.9M | $279.1M | $19.6M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $249.2M | $257.8M | $8.1M |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $193.1M | $201.4M | $1.0M |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $109.7M | $122.2M | $0 |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $123.6M | $120.9M | -$22.6M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $115.8M | $114.9M | -$5.1M |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $100.9M | $113.6M | $0 |
| Franklin Income Fund Franklin Custodian Funds | 2026-06-30 | $97.0M | $98.5M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $95.9M | $96.9M | $6.2M |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $73.6M | $76.1M | $659K |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $58.4M | $58.8M | -$7.4M |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $51.9M | $54.8M | -$6.2M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $55.1M | $53.8M | $0 |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $53.0M | $52.6M | -$373K |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $53.5M | $51.0M | $5.0M |
| PGIM Total Return Bond Fund Prudential Investment Portfolios, Inc. 17 | 2026-07-31 | $55.0M | $49.3M | $0 |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $51.3M | $49.0M | $25.0M |
| Thornburg Investment Income Builder Fund THORNBURG INVESTMENT TRUST | 2026-06-30 | $48.6M | $48.0M | $0 |
| Fidelity Series Investment Grade Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $60.4M | $46.9M | $0 |
| Income Fund of America | 2026-07-31 | $54.4M | $46.9M | $0 |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $38.2M | $40.1M | $4.2M |
| Fidelity Total Bond Fund Fidelity Income Fund | 2026-05-31 | $39.4M | $37.9M | $0 |
| DFA Investment Grade Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $38.5M | $36.4M | -$600K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): VANGUARD CORE BOND FUND ($8.1M), Core Fixed Income Fund ($6.8M), Ambrus Core Bond Fund ($1.5M), VOYA LIMITED MATURITY BOND PORTFOLIO ($825K), Mercer Core Fixed Income Fund ($608K), Thrivent Core Plus Bond ETF ($585K), Putnam Premier Income Trust ($555K), Fidelity SAI Enhanced Core Bond Fund ($500K), Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust ($400K), Principal Investment Grade Corporate Active ETF ($385K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 32 | $331.3M | $328.6M | 0.08% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 8 | $249.3M | $257.9M | 0.38% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 16 | $123.6M | $120.9M | 0.41% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 37 | $119.8M | $119.5M | 0.09% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 5 | $95.9M | $96.9M | 0.19% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 9 | $74.6M | $77.2M | 0.15% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 11 | $55.1M | $58.4M | 0.32% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 39 | $54.8M | $54.7M | 0.31% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 16 | $53.5M | $51.0M | 0.55% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 10 | $40.7M | $42.9M | 0.37% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 8 | $37.4M | $37.3M | 0.17% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 40 | $37.0M | $36.1M | 0.08% |
| FTSM First Trust Enhanced Short Maturity ETF | 2026-07-31 | 1 | $33.4M | $33.1M | 0.51% |
| DFCF Dimensional Core Fixed Income ETF | 2026-07-31 | 16 | $29.9M | $31.1M | 0.28% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 6 | $29.6M | $30.0M | 0.04% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 9.68: safer than 80% of companies (86th percentile in Energy). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $74.39B |
| Debt barrier (short-term + ½ long-term debt) | $17.35B |
| Equity volatility (1 year) | 21.3% |
| Asset value / asset volatility (solved) | $91.01B / 17.4% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 110 bp spread prices in about 1.8% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Altman Z'' = 0.64 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in KMI's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 292 | $847.3M | 0 | — | 1 | $30K | 0 |
| 2026-06-30 | 1,804 | $46.97B | 34 | $341.4M | 34 | $510.3M | 0 |
| 2026-03-31 | 1,802 | $40.48B | 34 | $333.3M | 34 | $582.7M | 0 |
| 2025-12-31 | 1,696 | $39.68B | 32 | $278.1M | 33 | $407.1M | 0 |
| 2025-09-30 | 1,645 | $39.70B | 33 | $323.2M | 34 | $491.5M | 1 |
| 2025-06-30 | 1,636 | $42.48B | 33 | $374.4M | 40 | $537.7M | 1 |
Officials trading KMI bonds
| Trade date | Official | Type | Description | Amount | Filing |
|---|---|---|---|---|---|
| 2025-04-22 | John Fetterman | sale | Kinder Morgan Inc | $1,001 - $15,000 | filing |
| 2025-04-22 | John Karl Fetterman | sale | Kinder Morgan Inc | $1,001 - $15,000 | filing |
| 2025-04-22 | John Fetterman | sale full | Kinder Morgan Inc Rate/Coupon: 5.55% Matures: 06/01/2045 | $1,001 - $15,000 | filing |
| 2023-05-10 | John Fetterman | purchase | Kinder Morgan Inc Del Note Rate/Coupon: 5.5% Matures: 6/1/2045 | $1,001 - $15,000 | filing |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.