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KMI · Kinder Morgan, Inc. · Financials

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$34.20 +1.38 (+4.20%) At close · Oct 16
Market Cap
$76.16B
Shares
2.23B
Volume · Oct 16 16.95M Avg daily vol (3M) 11.65M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$16.94B +12.2%
FY2025 Revenue FY2009–FY2025
Net Income
$3.06B +17%
FY2025 Net Income FY2009–FY2025
Gross Margin
51.8% -9.1pp
FY2022 Gross Margin FY2011–FY2022
Operating Margin
27.89% -1.1pp
FY2025 Operating Margin FY2009–FY2025
Diluted EPS
$1.37 +17.1%
FY2025 Diluted EPS FY2013–FY2025
Operating Cash Flow
$5.92B +5%
FY2025 Operating Cash Flow FY2009–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item FY2026 (G) TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009
— $17.96B $16.94B $15.1B $15.33B $19.2B $16.61B $11.7B $13.21B $14.14B $13.71B $13.06B $14.4B $16.23B $14.07B $9.97B $7.94B $7.85B $7.19B
— — — — -$1.8B -$1.51B -$1.49B — -$1.8B -$1.92B -$1.83B -$1.81B -$2.05B -$1.8B -$1.68B -$1.4B -$682M — —
— $1.46B $1.46B $1.4B $1.37B $1.3B $1.27B $1.24B $951M $868M — — — — — — — — —
— — — — — $9.26B $6.49B $2.55B $3.26B $4.42B $4.35B $3.43B $4.06B $6.28B $5.25B $3.06B $3.28B — —
— — — — — $9.95B $10.12B $9.16B $9.95B $9.72B $9.36B $9.63B $10.34B $9.95B $8.82B $6.92B $4.67B — —
— — — — — 51.8% 60.91% 78.25% 75.3% 68.74% 68.3% 73.74% 71.82% 61.31% 62.67% 69.35% 58.73% — —
— $745M $744M $712M $668M $637M $655M $648M $590M $601M $688M $703M $690M $610M $613M $929M $515M $631M $373M
— — $190M $197M $202M $253M $237M $212M $214M $219M $220M $223M $221M $143M $125M $86M $65M $50M —
— $2.48B $2.45B $2.35B $2.25B $2.19B $2.14B $2.16B $2.41B $2.3B $2.26B $2.21B $2.31B $2.04B $1.81B $1.42B $1.07B $1.06B $1.07B
— $731M $746M $736M $759M $593M $623M — — — — — — — — $5.05B $4.94B $5.04B —
— $12.74B $12.21B $10.72B $11.07B $15.14B $13.69B $10.14B $8.34B $10.35B $10.18B $9.52B $11.96B $11.78B $10.08B $7.38B $6.52B $6.72B $5.78B
— $5.22B $4.72B $4.38B $4.26B $4.07B $2.92B $1.56B $4.87B $3.79B $3.53B $3.54B $2.45B $4.45B $3.99B $2.59B $1.42B $1.13B $1.41B
— — 27.89% 29.03% 27.8% 21.17% 17.56% 13.33% 36.89% 26.82% 25.75% 27.09% 16.99% 27.41% 28.36% 26% 17.92% 14.43% 19.58%
— $7.7B $7.18B $6.74B $6.51B $6.25B $5.05B $3.72B $7.28B $6.09B $5.79B $5.75B $4.76B $6.49B $5.8B $4.01B $2.49B $2.19B $2.48B
— — — — — — — — — — — — — $1.81B $1.69B $1.43B $703M $668M $599.1M
— — — — — — — — — — — — — — — $28M $21M $21M $25.7M
— -$619M -$732M -$977M -$1.06B -$730M -$697M -$899M -$1.71B -$1.29B -$1.37B -$1.9B -$1.68B -$1.36B -$552M -$1.25B -$613M -$903M -$307.8M
— $949M $896M $840M $772M $803M $591M $780M $101M $617M $428M $497M $414M $406M $392M $153M $226M -$274M $221.9M
— $4.6B $3.99B $3.41B $3.2B $3.34B $2.22B $661M $3.17B $2.51B $2.16B $1.64B $772M $3.09B $3.44B $1.34B $810M $230M $1.1B
— $1.03B $832M $687M $715M $710M $369M $481M $926M $587M $1.94B $917M $564M $648M $742M $139M $361M $166M $326.6M
— $3.47B $3.06B $2.61B $2.39B $2.55B $1.78B $119M $2.19B $1.61B $183M $708M $253M $1.03B $1.19B $315M $594M -$41M $495M
— — 18.04% 17.3% 15.59% 13.27% 10.74% 1.02% 16.58% 11.38% 1.34% 5.42% 1.76% 6.32% 8.48% 3.16% 7.48% -0.52% 6.89%
— $103M $104M $107M $95M $77M $66M $61M $49M $310M $40M $13M -$45M $1.42B $1.5B $112M $66M $341M $278.1M
— — — $2.61B $2.39B $2.55B $1.78B $119M $2.19B $1.48B $27M $552M $227M $1.03B $1.19B $315M $524M — —
— $3.44B $3.2B $2.74B $2.58B $2.56B $1.78B $45M $2.19B $1.93B $252M $508M -$191M $977M $1.29B $312M $615M -$9.9M $380.5M
USD/shares — $1.56 $1.37 $1.17 $1.06 $1.12 $0.78 $0.05 $0.96 — $0.01 $0.25 $0.10 $0.89 $1.15 — — — —
USD/shares $1.36* $1.56 $1.37 $1.17G $1.06 $1.12 $0.78 $0.05 $0.96 — $0.01 $0.25 $0.10 $0.89 $1.15 — — — —
shares — — 2.22B 2.22B 2.23B 2.26B 2.27B 2.26B 2.26B 2.22B 2.23B 2.23B 2.19B 1.14B 1.04B — — — —
shares — — 2.22B 2.22B 2.23B 2.26B 2.27B 2.26B 2.26B 2.22B 2.23B 2.23B 2.19B 1.14B 1.04B — — — —
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2010–FY2025: $1.74B in buybacks, $31.28B in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Current debt and lease obligations 2026-06-30 USD 2,443,000,000 10-Q filed 2026-07-24
Noncurrent debt carrying amount 2026-06-30 USD 29,805,000,000 10-Q filed 2026-07-24
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
2 filings have incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

5.550% Senior Notes due 2036

Note · Kinder Morgan, Inc.

Reference: 5.550% Senior Notes due 2036

Active
Original principal
USD 1,150,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Aug 1, 2036

Last reported interest terms: 5.55% Reported 2026-08-03 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-07-28 Original principal USD 1,150,000,000 Exact source document Parent 8-K filing · 2026-08-03
    On July 28, 2026, Kinder Morgan, Inc. (“KMI”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., CIBC World Markets Corp., PNC Capital Markets LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein, pursuant to which KMI agreed to sell (i) $1,150,000,000 aggregate principal amount of KMI’s 5.550% Senior Notes due 2036 (the “2036 Notes”) and (ii) $600,000,000 aggregate principal amount of 6.150% Senior Notes due 2056 (the “2056 Notes” and, together with the 2036 Notes, the “Notes”).
    Issuer evidence: On July 28, 2026, Kinder Morgan, Inc. (“KMI”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., CIBC World Markets Corp., PNC Capital Markets LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein, pursuant to which KMI agreed to sell (i) $1,150,000,000 aggregate principal amount of KMI’s 5.550% Senior Notes due 2036 (the “2036 Notes”) and (ii) $600,000,000 aggregate principal amount of 6.150% Senior Notes due 2056 (the “2056 Notes” and, together with the 2036 Notes, the “Notes”).
    Supporting evidence: The Notes will be issued pursuant to an Indenture, dated as of March 1, 2012, between KMI and U.S. Bank Trust Company, National Association (successor in interest to U.S. Bank National Association), as trustee. The 2036 Notes will mature on August 1, 2036. The 2056 Notes will mature on August 1, 2056. Interest on the Notes will be payable semi-annually in arrears on February 1 and August 1 of each year, beginning on February 1, 2027. Interest on the Notes will accrue from August 6, 2026. KMI may redeem all or a part of the Notes at any time at the applicable redemption prices.
    Supporting evidence: On July 28, 2026, Kinder Morgan, Inc. (“KMI”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., CIBC World Markets Corp., PNC Capital Markets LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein, pursuant to which KMI agreed to sell (i) $1,150,000,000 aggregate principal amount of KMI’s 5.550% Senior Notes due 2036 (the “2036 Notes”) and (ii) $600,000,000 aggregate principal amount of 6.150% Senior Notes due 2056 (the “2056 Notes” and, together with the 2036 Notes, the “Notes”).
    Supporting evidence: On July 28, 2026, Kinder Morgan, Inc. (“KMI”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., CIBC World Markets Corp., PNC Capital Markets LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein, pursuant to which KMI agreed to sell (i) $1,150,000,000 aggregate principal amount of KMI’s 5.550% Senior Notes due 2036 (the “2036 Notes”) and (ii) $600,000,000 aggregate principal amount of 6.150% Senior Notes due 2056 (the “2056 Notes” and, together with the 2036 Notes, the “Notes”).

6.150% Senior Notes due 2056

Note · Kinder Morgan, Inc.

Reference: 6.150% Senior Notes due 2056

Active
Original principal
USD 600,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Aug 1, 2056

Last reported interest terms: 6.15% Reported 2026-08-03 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-07-28 Original principal USD 600,000,000 Exact source document Parent 8-K filing · 2026-08-03
    On July 28, 2026, Kinder Morgan, Inc. (“KMI”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., CIBC World Markets Corp., PNC Capital Markets LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein, pursuant to which KMI agreed to sell (i) $1,150,000,000 aggregate principal amount of KMI’s 5.550% Senior Notes due 2036 (the “2036 Notes”) and (ii) $600,000,000 aggregate principal amount of 6.150% Senior Notes due 2056 (the “2056 Notes” and, together with the 2036 Notes, the “Notes”).
    Issuer evidence: On July 28, 2026, Kinder Morgan, Inc. (“KMI”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., CIBC World Markets Corp., PNC Capital Markets LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein, pursuant to which KMI agreed to sell (i) $1,150,000,000 aggregate principal amount of KMI’s 5.550% Senior Notes due 2036 (the “2036 Notes”) and (ii) $600,000,000 aggregate principal amount of 6.150% Senior Notes due 2056 (the “2056 Notes” and, together with the 2036 Notes, the “Notes”).
    Supporting evidence: The Notes will be issued pursuant to an Indenture, dated as of March 1, 2012, between KMI and U.S. Bank Trust Company, National Association (successor in interest to U.S. Bank National Association), as trustee. The 2036 Notes will mature on August 1, 2036. The 2056 Notes will mature on August 1, 2056. Interest on the Notes will be payable semi-annually in arrears on February 1 and August 1 of each year, beginning on February 1, 2027. Interest on the Notes will accrue from August 6, 2026. KMI may redeem all or a part of the Notes at any time at the applicable redemption prices.
    Supporting evidence: On July 28, 2026, Kinder Morgan, Inc. (“KMI”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., CIBC World Markets Corp., PNC Capital Markets LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein, pursuant to which KMI agreed to sell (i) $1,150,000,000 aggregate principal amount of KMI’s 5.550% Senior Notes due 2036 (the “2036 Notes”) and (ii) $600,000,000 aggregate principal amount of 6.150% Senior Notes due 2056 (the “2056 Notes” and, together with the 2036 Notes, the “Notes”).
    Supporting evidence: On July 28, 2026, Kinder Morgan, Inc. (“KMI”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., CIBC World Markets Corp., PNC Capital Markets LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein, pursuant to which KMI agreed to sell (i) $1,150,000,000 aggregate principal amount of KMI’s 5.550% Senior Notes due 2036 (the “2036 Notes”) and (ii) $600,000,000 aggregate principal amount of 6.150% Senior Notes due 2056 (the “2056 Notes” and, together with the 2036 Notes, the “Notes”).

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
6.03×
Peer median 4.54×
EV/EBIT
20.76×
Peer median 15.06×
P/E (TTM)
21.92×
Peer median 22.94×

Peer medians compare against the 15 similar-size Oil & Gas Midstream companies (of 44 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Natural Gas Pipelines $11,009,000,000 $8,942,000,000 $9,168,000,000 $12,686,000,000 $11,709,000,000 $7,259,000,000 $8,170,000,000 $8,855,000,000
Products Pipelines $2,686,000,000 $2,955,000,000 $3,066,000,000 $3,418,000,000 $2,245,000,000 $1,721,000,000 $1,831,000,000 $1,887,000,000
Terminals $2,104,000,000 $2,022,000,000 $1,917,000,000 $1,792,000,000 $1,715,000,000 $1,722,000,000 $2,034,000,000 $2,027,000,000
Co2 $1,170,000,000 $1,204,000,000 $1,209,000,000 $1,334,000,000 $1,009,000,000 $1,038,000,000 $1,219,000,000 $1,255,000,000
Kinder Morgan Canada — — — — — $0 $0 $170,000,000

By Geography (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
United States $16,926,000,000 $15,057,000,000 $15,255,000,000 $19,036,000,000 $16,479,000,000 $11,625,000,000 $12,833,000,000 $13,596,000,000
Mexico $11,000,000 $43,000,000 $79,000,000 $164,000,000 $131,000,000 $75,000,000 $76,000,000 $101,000,000
Canada — — — — — — $300,000,000 $447,000,000

By Product & Service (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Oil And Gas Service $9,490,000,000 $8,916,000,000 $8,371,000,000 $8,145,000,000 $7,757,000,000 $7,618,000,000 $8,198,000,000 $7,955,000,000
Product $7,255,000,000 $5,957,000,000 $6,786,000,000 $10,897,000,000 $8,714,000,000 $3,891,000,000 $4,811,000,000 $5,987,000,000
Firm Services $5,342,000,000 $4,957,000,000 $4,537,000,000 $4,515,000,000 $4,411,000,000 $4,370,000,000 $4,877,000,000 $4,746,000,000
Natural Gas Sales $3,949,000,000 $2,340,000,000 $2,666,000,000 $6,260,000,000 $6,480,000,000 $2,032,000,000 $2,595,000,000 $3,318,000,000
Product Other Than Natural Gas $3,063,000,000 $3,486,000,000 $3,884,000,000 $4,913,000,000 $3,149,000,000 $1,639,000,000 $2,192,000,000 $2,788,000,000
Fee Based Services $2,719,000,000 $2,597,000,000 $2,502,000,000 $2,360,000,000 $2,114,000,000 $2,056,000,000 $2,416,000,000 $2,466,000,000
Product And Service Other $192,000,000 $227,000,000 $177,000,000 $158,000,000 $139,000,000 $191,000,000 $200,000,000 $202,000,000
Other Commodity $129,000,000 $103,000,000 $58,000,000 $80,000,000 — — — —
Key facts CIK 1506307 CUSIP 49456B101 13F (30d) 289 filings 269 filers Visit website Investor relations