KMI · Kinder Morgan, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.83B | - | $4.15B | $4.04B | $4.24B | - | $3.70B | $3.57B | $3.84B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $184.00M | - | $183.00M | $188.00M | $187.00M | - | $176.00M | $179.00M | $175.00M | - |
| Total Operating Expenses | $177.00M | - | $184.00M | $188.00M | $192.00M | - | $176.00M | $184.00M | $180.00M | - |
| D&A | $633.00M | - | $609.00M | $616.00M | $610.00M | - | $587.00M | $584.00M | $587.00M | - |
| Operating Income | $1.44B | - | $1.06B | $1.15B | $1.15B | - | $1.01B | $1.04B | $1.22B | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $287.00M | - | $185.00M | $177.00M | $186.00M | - | $113.00M | $168.00M | $209.00M | - |
| Net Income | $976.00M | - | $628.00M | $715.00M | $717.00M | - | $625.00M | $575.00M | $746.00M | - |
| EPS - Basic | $0.44 | - | $0.28 | $0.32 | $0.32 | - | $0.28 | $0.26 | $0.33 | - |
| EPS - Diluted | $0.44 | - | $0.28 | $0.32 | $0.32 | - | $0.28 | $0.26 | $0.33 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $72.00M | $63.00M | $71.00M | $82.00M | $80.00M | $88.00M | $108.00M | $98.00M | $119.00M | $83.00M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $593.00M | $574.00M | $560.00M | $560.00M | $577.00M | $555.00M | $526.00M | $537.00M | $548.00M | $525.00M |
| Accounts Payable | $1.37B | $1.41B | $1.29B | $1.30B | $1.25B | $1.40B | $1.26B | $1.20B | $1.07B | $1.37B |
| Current Assets | $2.71B | $2.75B | $2.43B | $2.49B | $2.58B | $2.52B | $2.18B | $2.19B | $2.31B | $2.54B |
| Total Assets | $73.07B | $72.75B | $72.32B | $72.37B | $72.32B | $71.41B | $70.88B | $70.70B | $70.74B | $71.02B |
| Current Liabilities | $5.18B | $4.32B | $3.85B | $3.63B | $5.78B | $5.10B | $4.73B | $5.96B | $4.58B | $7.22B |
| Long-term Debt | $29.87B | $30.78B | $31.50B | $31.87B | $29.96B | $29.88B | $30.05B | $28.65B | $30.17B | $28.07B |
| Total Liabilities | $40.49B | $40.30B | $40.28B | $40.29B | $40.39B | $39.54B | $39.13B | $39.01B | $38.99B | $39.29B |
| Stockholders' Equity | $31.32B | $31.16B | $30.74B | $30.77B | $30.61B | $30.53B | $30.41B | $30.34B | $30.37B | $30.31B |
| Retained Earnings | ($9.86B) | ($10.18B) | ($10.52B) | ($10.50B) | ($10.56B) | ($10.63B) | ($10.66B) | ($10.64B) | ($10.57B) | ($10.69B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.49B | - | - | - | $1.16B | - | - | - | $1.19B | - |
| Investing Cash Flow | ($803.00M) | - | - | - | ($1.41B) | - | - | - | ($572.00M) | - |
| Financing Cash Flow | ($617.00M) | - | - | - | $333.00M | - | - | - | ($570.00M) | - |
| CapEx | $804.00M | - | - | - | $766.00M | - | - | - | $619.00M | - |
| Free Cash Flow | $687.00M | - | - | - | $396.00M | - | - | - | $570.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 29.9% | - | 25.6% | 28.5% | 27.0% | - | 27.4% | 29.1% | 31.8% | - |
| EBITDA margin | 43.0% | - | 40.3% | 43.7% | 41.4% | - | 43.3% | 45.4% | 47.1% | - |
| Net margin | 20.2% | - | 15.1% | 17.7% | 16.9% | - | 16.9% | 16.1% | 19.4% | - |
| Free cash flow margin | 14.2% | - | - | - | 9.3% | - | - | - | 14.8% | - |
| FCF / Net income | 0.70 | - | - | - | 0.55 | - | - | - | 0.76 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 3.8% | - | 4.4% | 4.7% | 4.4% | - | 4.8% | 5.0% | 4.6% | - |
| Effective tax rate | 22.7% | - | 22.8% | 19.8% | 20.6% | - | 15.3% | 22.6% | 21.9% | - |
| Return on assets | 1.3% | - | 0.9% | 1.0% | 1.0% | - | 0.9% | 0.8% | 1.1% | - |
| Return on equity | 3.1% | - | 2.0% | 2.3% | 2.3% | - | 2.1% | 1.9% | 2.5% | - |
| Return on invested capital | 1.8% | - | 1.3% | 1.5% | 1.5% | - | 1.4% | 1.4% | 1.6% | - |
| Liquidity | ||||||||||
| Current ratio | 0.52 | 0.64 | 0.63 | 0.68 | 0.45 | 0.49 | 0.46 | 0.37 | 0.50 | 0.35 |
| Quick ratio | 0.41 | 0.50 | 0.49 | 0.53 | 0.35 | 0.39 | 0.35 | 0.28 | 0.38 | 0.28 |
| Cash ratio | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 | 0.01 |
| Leverage | ||||||||||
| Debt / Equity | 0.95 | 0.99 | 1.02 | 1.04 | 0.98 | 0.98 | 0.99 | 0.94 | 0.99 | 0.93 |
| Debt / Assets | 0.41 | 0.42 | 0.44 | 0.44 | 0.41 | 0.42 | 0.42 | 0.41 | 0.43 | 0.40 |
| Debt / EBITDA | 14.38 | - | 18.84 | 18.03 | 17.07 | - | 18.76 | 17.66 | 16.67 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.33 | 2.33 | 2.35 | 2.35 | 2.36 | 2.34 | 2.33 | 2.33 | 2.33 | 2.34 |
| Liabilities / Assets | 0.55 | 0.55 | 0.56 | 0.56 | 0.56 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 |
| Efficiency | ||||||||||
| Asset turnover | 0.07 | - | 0.06 | 0.06 | 0.06 | - | 0.05 | 0.05 | 0.05 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 76.2x | - | 101.1x | 91.9x | 89.2x | - | 78.9x | 76.4x | 55.6x | - |
| P / B | 2.4x | - | 2.0x | 2.1x | 2.1x | - | 1.6x | 1.5x | 1.3x | - |
| P / S | 15.5x | - | 15.2x | 16.2x | 14.9x | - | 13.3x | 12.3x | 10.6x | - |
| EV / EBITDA | 50.3x | - | 56.5x | 54.9x | 53.2x | - | 49.3x | 44.8x | 39.1x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 13.8% | - | 12.1% | 13.2% | 10.4% | - | -5.3% | 2.0% | -1.2% | - |
| Revenue CAGR (3y) | 7.5% | - | -7.1% | -7.8% | -0.4% | - | -1.1% | 4.3% | -11.2% | - |
| Revenue CAGR (5y) | -2.6% | - | 7.3% | 9.6% | 6.4% | - | 2.9% | 2.1% | 2.3% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 26.1% | - | 4.7% | 11.0% | -6.4% | - | 8.2% | 0.8% | 2.4% | - |
| Net income growth (YoY) | 36.1% | - | 0.5% | 24.3% | -3.9% | - | 17.5% | -1.9% | 9.9% | - |
| EPS growth (YoY) | 37.5% | - | 0.0% | 23.1% | -3.0% | - | 16.7% | 0.0% | 10.0% | - |
| EPS CAGR (3y) | 13.6% | - | 3.8% | 4.6% | 3.3% | - | 11.9% | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 73.5% | - | - | - | -30.5% | - | - | - | -31.0% | - |
| FCF CAGR (5y) | -15.6% | - | - | - | -2.7% | - | - | - | 47.7% | - |
| Book value growth (YoY) | 2.3% | 2.1% | 1.1% | 1.4% | 0.8% | 0.7% | 0.5% | -0.8% | -1.3% | -1.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$16.97B totalNatural Gas Pipelines$11.01B · 64.9%
Products Pipelines$2.69B · 15.8%
Terminals$2.10B · 12.4%
Co2$1.17B · 6.9%
Product / service
$32.71B totalOil And Gas Service$9.49B · 29.0%
Product$7.25B · 22.2%
Service$5.42B · 16.6%
Firm Services$4.25B · 13.0%
Natural Gas Sales$3.91B · 12.0%
Feebasedservices$1.16B · 3.5%
Product Other Than Natural Gas$1.00B · 3.1%
Product And Service Other$192.00M · 0.6%
Other Commodity$29.00M · 0.1%
Geographic
$16.94B totalUS$16.93B · 99.9%
MX$11.00M · 0.1%
Peer comparison
Same SIC group: Natural Gas Transmission
Comparing KINDER MORGAN against the 5 most active filers in the same SIC group.
Dividends
$1.18/share trailing 12 months · +1.7% YoY
| Ex-date | Per share |
|---|---|
| May 4, 2026 | $0.2980 |
| Feb 2, 2026 | $0.2930 |
| Nov 3, 2025 | $0.2930 |
| Jul 31, 2025 | $0.2930 |
| Apr 30, 2025 | $0.2930 |
| Feb 3, 2025 | $0.2880 |
| Oct 31, 2024 | $0.2880 |
| Jul 31, 2024 | $0.2880 |
| Apr 29, 2024 | $0.2880 |
| Jan 30, 2024 | $0.2830 |
| Oct 30, 2023 | $0.2830 |
| Jul 28, 2023 | $0.2830 |
| Apr 28, 2023 | $0.2830 |
| Jan 30, 2023 | $0.2780 |
| Oct 28, 2022 | $0.2780 |
| Jul 29, 2022 | $0.2780 |
| Apr 29, 2022 | $0.2780 |
| Jan 28, 2022 | $0.2700 |
| Oct 29, 2021 | $0.2700 |
| Jul 30, 2021 | $0.2700 |
| Apr 29, 2021 | $0.2700 |
| Jan 29, 2021 | $0.2630 |
| Oct 30, 2020 | $0.2630 |
| Jul 31, 2020 | $0.2630 |