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Kinder Morgan earnings quality score
How much of the reported profit is backed by cash, and how many markers of managed earnings the filings show
Score64 / 100 · grade C · rank 566 of 1027
Kinder Morgan (KMI) scores 64 of 100 for earnings quality, grade C: rank 566 of 1027 companies and 28 of 55 in utilities. It loses the most points on accruals of -4.0% of assets, higher than 52% of companies (profit backed by cash), Montier C-score 2 of 4 checks failed, discretionary accruals of +1.2% of assets (modified Jones), smaller than most. It earns full or near-full marks for profit steadier than cash flow (smoothness 0.63), adjusted earnings 2% above GAAP.
What earned and lost points
| Component | What the filings show | Points | Of |
|---|---|---|---|
| Accruals | accruals of -4.0% of assets, higher than 52% of companies (profit backed by cash) | 16 | 33 |
| Montier C-score | Montier C-score 2 of 4 checks failed | 12 | 25 |
| Discretionary accruals | discretionary accruals of +1.2% of assets (modified Jones), smaller than most | 13 | 17 |
| Non-GAAP gap | adjusted earnings 2% above GAAP | 16 | 17 |
| Earnings smoothness | profit steadier than cash flow (smoothness 0.63) | 7 | 8 |
How the score is built
Eight published measures, each scored against the whole universe or on its own scale and weighted: accruals 20, discretionary accruals 10, Beneish M 15, Dechow F 15, Montier C 15, Piotroski F 10, the non-GAAP gap 10, smoothness 5. A measure that cannot be computed (Beneish for a bank, say) drops out and the rest is rescaled, so every company is scored on what applies to it.
Every company ranked → The full quality workbench, live → Kinder Morgan: cash flow →
Computed from the companies’ own XBRL filings (latest fiscal year) by published formulas; a statistical screen, not an audit or an accusation. A low score means the reported profit shows more of the markers of managed or low-quality earnings than its peers. Not investment advice.