Kinder Morgan (KMI) financials
Kinder Morgan revenue and earnings by year
Kinder Morgan's revenue was $16.9 billion in the fiscal year to December 31, 2025, up 12.2% from the year before. Net income was $3.06 billion, 18.0% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 2.9% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 16.9 | 15.1 | 15.3 | 19.2 | 16.6 | 11.7 | 13.2 | 14.1 | 13.7 | 13.1 |
| Revenue growth | 12.2% | -1.5% | -20.1% | 15.6% | 42.0% | -11.4% | -6.6% | 3.2% | 5.0% | — |
| Gross profit | 7.9 | 7.4 | 7.2 | 6.8 | 7.3 | 6.3 | 6.9 | 6.9 | 6.5 | 6.8 |
| Gross margin | 46.7% | 48.7% | 46.7% | 35.7% | 44.1% | 53.9% | 52.5% | 48.5% | 47.4% | 52.4% |
| Operating income | 4.7 | 4.4 | 4.3 | 4.1 | 2.9 | 1.6 | 4.9 | 3.8 | 3.5 | 3.5 |
| Operating margin | 27.9% | 29.0% | 27.8% | 21.2% | 17.6% | 13.3% | 36.9% | 26.8% | 25.7% | 27.1% |
| Net income | 3.1 | 2.6 | 2.4 | 2.5 | 1.8 | 0.1 | 2.2 | 1.6 | 0.2 | 0.7 |
| Net margin | 18.0% | 17.3% | 15.6% | 13.3% | 10.7% | 1.0% | 16.6% | 11.4% | 1.3% | 5.4% |
| Diluted EPS | $1.37 | $1.17 | $1.06 | $1.12 | $0.78 | $0.05 | $0.96 | $0.66 | $0.01 | $0.25 |
| Free cash flow | 2.9 | 3.0 | 4.2 | 3.3 | 4.8 | 3.9 | 2.6 | 2.2 | 1.5 | 2.2 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open KMI in Markets.
How Kinder Morgan makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Natural Gas Pipelines | $2.90B | 68.5% |
| Products Pipelines | $772M | 18.2% |
| Terminals | $562M | 13.3% |
See also: KMI valuation and P/E history · KMI returns
No forecast, no recommendation. This page describes Kinder Morgan from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.