Financials · KMI

Kinder Morgan Inc. (KMI) financials

For the twelve months ended Sep 30, 2026, Kinder Morgan Inc. reported $18.34B of revenue and $3.60B of net income.

Revenue, TTM
$18.34B
Revenue growth, YoY
+11.7%
Net income, TTM
$3.60B
Net income growth, YoY
+32.1%
Net margin
19.6%
Free cash flow, TTM
$3.08B
EPS, diluted, TTM
$1.62
EPS growth, YoY
+32.8%
Cash
$918.00M
Total debt
$33.07B
P/E
18.52
P/S
3.64
Market cap
$66.73B
Annual revenue$16.94B
FY2016FY2025
Annual net income$3.06B
FY2016FY2025
Annual free cash flow$2.89B
FY2016FY2025

KMI revenue and earnings growth

KMI revenueQ3 2026$4.53B

Quarter YoY
+9.3%
QoQ
+1.2%
FY YoY
+12.2%
5Y CAGR
+7.7%
10Y CAGR
+1.6%

KMI revenue was $4.53B in fiscal Q3 2026 (ended Sep 30, 2026), up 9.3% from a year earlier and up 1.2% from the prior quarter. For the full fiscal 2025 it was $16.94B, up 12.2% from fiscal 2024. Compound annual growth was +7.7% over 5 years and +1.6% over 10 years. It rose in 5 of the last 10 fiscal years.

KMI net incomeQ3 2026$764.00M

Quarter YoY
+21.7%
QoQ
-11.9%
FY YoY
+17.0%
5Y CAGR
+91.4%
10Y CAGR
+28.3%

KMI net income was $764.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 21.7% from a year earlier and down 11.9% from the prior quarter. For the full fiscal 2025 it was $3.06B, up 17.0% from fiscal 2024. Compound annual growth was +91.4% over 5 years and +28.3% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

KMI EPSQ3 2026$0.34

Quarter YoY
+21.4%
QoQ
-12.8%
FY YoY
+17.1%
5Y CAGR
+93.9%
10Y CAGR
+29.9%

KMI diluted EPS was $0.34 in fiscal Q3 2026 (ended Sep 30, 2026), up 21.4% from a year earlier and down 12.8% from the prior quarter. For the full fiscal 2025 it was $1.37, up 17.1% from fiscal 2024. Compound annual growth was +93.9% over 5 years and +29.9% over 10 years.

KMI free cash flowQ3 2026$545.00M

Quarter YoY
-12.2%
QoQ
-44.3%
FY YoY
-3.8%
5Y CAGR
+0.3%
10Y CAGR
+7.4%

KMI free cash flow was $545.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 12.2% from a year earlier and down 44.3% from the prior quarter. For the full fiscal 2025 it was $2.89B, down 3.8% from fiscal 2024. Compound annual growth was +0.3% over 5 years and +7.4% over 10 years. It rose in 6 of the last 10 fiscal years.

Export CSV

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$16.94B$15.10B$15.33B$19.20B$16.61B$11.70B$13.21B$14.14B$13.71B$13.06B
Cost of revenue---$9.26B$6.49B$2.54B$3.26B$4.42B$4.34B$3.43B
Gross profit---$9.95B$10.12B$9.15B$9.95B$9.72B$9.36B$9.63B
Selling, general and admin$744.00M$712.00M$668.00M$637.00M$655.00M$648.00M$590.00M$601.00M$688.00M$703.00M
Operating income$4.72B$4.38B$4.26B$4.07B$2.92B$1.56B$4.87B$3.79B$3.53B$3.54B
Pre-tax income$3.99B$3.41B$3.20B$3.33B$2.22B$661.00M$3.17B$2.51B$2.16B$1.64B
Income tax$832.00M$687.00M$715.00M$710.00M$369.00M$481.00M$926.00M$587.00M$1.94B$917.00M
Net income$3.06B$2.61B$2.39B$2.55B$1.78B$119.00M$2.19B$1.61B$183.00M$708.00M
EPS, basic$1.37$1.17$1.06$1.12$0.78$0.05$0.96$0.66$0.01$0.25
EPS, diluted$1.37$1.17$1.06$1.12$0.78$0.05$0.96$0.66$0.01$0.25
Diluted shares2.22B2.22B2.23B2.26B2.27B2.26B2.26B2.22B2.23B2.23B

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$63.00M$214.00M$96.00M$794.00M$1.14B$1.18B$185.00M$3.28B$264.00M$684.00M
Short-term investments-----$0$925.00M$0--
Receivables------$1.38B$1.50B$1.45B$1.37B
Inventory$574.00M$555.00M$525.00M$634.00M$562.00M$348.00M$371.00M$385.00M$424.00M$357.00M
Current assets$2.75B$2.52B$2.54B$3.80B$3.83B$3.20B$3.24B$5.72B$2.71B$3.23B
Goodwill$20.08B$20.08B$20.12B$19.96B$19.91B$19.85B$21.45B$21.96B$22.16B$22.15B
Total assets$72.75B$71.41B$71.02B$70.08B$70.42B$71.97B$74.16B$78.87B$79.06B$80.31B
Current liabilities$4.32B$5.10B$7.22B$6.93B$5.82B$5.07B$5.10B$7.56B$6.18B$5.92B
Short-term debt$1.23B$2.01B$4.05B$3.38B$2.65B$2.56B$2.48B$3.39B$2.83B$2.70B
Long-term debt$30.78B$29.88B$28.07B$28.40B$30.67B$32.13B$31.91B$33.94B$35.02B$37.35B
Total debt$32.00B$31.89B$32.12B$31.79B$33.32B$34.69B$34.39B$37.32B$37.84B$40.05B
Total liabilities$40.30B$39.54B$39.29B$37.96B$38.49B$39.41B$39.27B$43.67B$43.93B$45.50B
Shareholders' equity$31.16B$31.87B$31.73B$32.11B$31.92B$31.84B$34.09B$34.53B$35.12B$34.80B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$5.92B$5.63B$6.49B$4.97B$5.71B$4.55B$4.75B$5.04B$4.60B$4.76B
Capital expenditures$3.03B$2.63B$2.32B$1.62B$1.28B$1.71B$2.27B$2.90B$3.19B$2.88B
Free cash flow$2.89B$3.01B$4.17B$3.35B$4.43B$2.84B$2.48B$2.14B$1.41B$1.88B
Investing cash flow-$3.18B-$2.63B-$4.17B-$2.17B-$2.31B-$911.00M-$1.71B-$68.00M-$3.40B-$1.63B
Financing cash flow-$2.84B-$2.89B-$3.01B-$3.15B-$3.46B-$2.64B-$6.18B-$1.82B-$1.68B-$2.64B
Dividends paid$2.60B$2.56B$2.53B$2.50B$2.44B$2.36B$2.16B$1.62B$1.12B$1.12B
Share repurchases$0$7.00M$522.00M$368.00M$0$50.00M$2.00M$273.00M$250.00M$0
Depreciation and amortization$2.45B$2.35B$2.25B$2.19B$2.13B$2.16B$2.41B$2.30B$2.26B$2.21B

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY12.2%-1.5%-20.1%15.6%42.0%-11.4%-6.6%3.2%5.0%-9.3%
Net income growth, YoY17.0%9.3%-6.2%42.8%1399.2%-94.6%36.1%779.2%-74.2%179.8%
EPS growth, YoY17.1%10.4%-5.4%43.6%1460.0%-94.8%45.5%6500.0%-96.0%150.0%
Gross margin---51.8%60.9%78.2%75.3%68.7%68.3%73.7%
Operating margin27.9%29.0%27.8%21.2%17.6%13.3%36.9%26.8%25.7%27.1%
Net margin18.0%17.3%15.6%13.3%10.7%1.0%16.6%11.4%1.3%5.4%
Free cash flow margin17.1%19.9%27.2%17.4%26.7%24.3%18.8%15.1%10.3%14.4%
Return on equity9.8%8.2%7.5%7.9%5.6%0.4%6.4%4.7%0.5%2.0%
Return on assets4.2%3.7%3.4%3.6%2.5%0.2%3.0%2.0%0.2%0.9%
Current ratio0.640.490.350.550.660.630.630.760.440.55
Debt to equity1.031.001.010.991.041.091.011.081.081.15

Source: XBRL data Kinder Morgan Inc. files with the SEC, latest filing dated Oct 23, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

KMI peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
KMI$18.34B+11.7%$3.60B19.6%$66.73B
WMB$15.43B+10.1%$3.07B19.9%$162.73B
ENBC$89.93B+40.0%C$6.73B7.5%$102.40B
NGG£17.69B-3.8%£3.24B18.3%$87.30B
EPD$64.40B+21.5%$6.59B10.2%$79.86B
TRPC$15.24B+10.7%C$3.52B23.1%$61.92B
TRGP$18.19B+4.7%$2.45B13.5%$56.74B
MPLX$13.21B+3.1%$4.34B32.9%$56.64B
SRE$13.55B+1.6%$1.96B14.4%$51.12B

KMI FAQ

8 questions
  • What is KMI revenue?
    Kinder Morgan Inc. (KMI) reported $18.34B of revenue for the twelve months ended Sep 30, 2026. That is up 11.7% from the year before. Revenue for fiscal 2025 was $16.94B.
  • Is KMI profitable?
    Yes. Kinder Morgan Inc. earned $3.60B in net income for the twelve months ended Sep 30, 2026, a net margin of 19.6%.
  • How much cash and debt does KMI have?
    Kinder Morgan Inc. reported $918.00M in cash and cash equivalents and $33.07B of debt on its most recent balance sheet in SEC filings.
  • How fast is KMI revenue growing?
    Kinder Morgan Inc.'s revenue changed +12.2% in fiscal 2025, to $16.94B. Its compound annual growth rate was +7.7% over 5 years and +1.6% over 10 years.
  • What is KMI free cash flow?
    Kinder Morgan Inc. generated $3.08B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $6.73B less capital expenditures.
  • What is KMI earnings per share?
    Diluted earnings per share were $1.62 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did KMI last report financial results?
    The latest statements here come from Kinder Morgan Inc.'s 10-Q filed on Oct 23, 2026, covering the period ended Sep 30, 2026.
  • Where does this KMI financial data come from?
    Quantisnow builds these statements from the structured XBRL data Kinder Morgan Inc. files with the SEC. It is provided for information only and is not investment advice.