Kinder Morgan, Inc.(KMI)Earnings, Financials & Key Ratios

KMI•NYSE

$32.29

$71.84B mkt cap·23.6× P/E·Price updated May 6, 2026

SectorEnergy IndustryMidstream Oil & Gas Sub-IndustryNatural Gas Pipelines and Storage

AboutKinder Morgan, Inc. operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities. The Products Pipelines segment owns and operates refined petroleum products, and crude oil and condensate pipelines; and associated product terminals and petroleum pipeline transmix facilities. The Terminals segment owns and/or operates liquids and bulk terminals that stores and handles various commodities, including gasoline, diesel fuel, chemicals, ethanol, metals, and petroleum coke; and owns tankers. The CO2 segment produces, transports, and markets CO2 to recovery and production crude oil from mature oil fields; owns interests in/or operates oil fields and gasoline processing plants; and operates a crude oil pipeline system in West Texas, as well as owns and operates RNG and LNG facilities. It owns and operates approximately 83,000 miles of pipelines and 143 terminals. The company was formerly known as Kinder Morgan Holdco LLC and changed its name to Kinder Morgan, Inc. in February 2011. Kinder Morgan, Inc. was founded in 1936 and is headquartered in Houston, Texas.Show more

Revenue$16.95B+12.5%
EBITDA$7.26B+7.8%
Net Income$3.06B+17.0%
EPS (Diluted)1.37+17.1%
Gross Margin43.66%+19.1%
EBITDA Margin42.86%-4.1%
Operating Margin28.39%-2.4%
Net Margin18.03%+4.0%
ROE9.5%+15.6%
ROIC5.6%+9.4%
Debt/Equity1.00-1.6%
Interest Coverage2.79-1.2%

Analysis→Technical→

KMI Key Insights

Kinder Morgan, Inc. (KMI) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Strong 5Y profit CAGR of 91.4%
✓Strong Piotroski F-Score: 8/9
✓FCF machine: 19.0% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 3.6%
✓Healthy 5Y average net margin of 14.9%

✗Weaknesses

✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

KMI Price & Volume

Kinder Morgan, Inc. (KMI) stock price & volume — 10-year historical chart

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KMI Growth Metrics

Kinder Morgan, Inc. (KMI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years1.99%

5 Years8.11%

3 Years-4.65%

TTM13.1%

Profit CAGR

10 Years28.29%

5 Years91.39%

3 Years6.25%

TTM28.29%

EPS CAGR

10 Years25.62%

5 Years96.47%

3 Years6.95%

TTM28.45%

Return on Capital

10 Years6.05%

5 Years6.98%

3 Years6.72%

Last Year7.05%

KMI Recent Earnings

Kinder Morgan, Inc. (KMI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 3/12 qtrs (25%)●Beat Revenue 5/12 qtrs (42%)

Q2 2026Latest

Apr 22, 2026

EPS

$0.48

Est $0.40

+21.2%

Revenue

$4.8B

Est $4.6B

+4.3%

Q1 2026

Jan 21, 2026

EPS

$0.39

Est $0.36

+6.9%

Revenue

$4.5B

Est $4.3B

+4.4%

Q4 2025

Oct 22, 2025

EPS

$0.29

Est $0.29

-1.0%

Revenue

$4.1B

Est $4.0B

+4.2%

Q3 2025

Jul 16, 2025

EPS

$0.28

Est $0.28

+0.1%

Revenue

$4.0B

Est $3.8B

+5.6%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 22, 2026	$0.48vs $0.40+21.2%	$4.8Bvs $4.6B+4.3%
Q1 2026	Jan 21, 2026	$0.39vs $0.36+6.9%	$4.5Bvs $4.3B+4.4%
Q4 2025	Oct 22, 2025	$0.29vs $0.29-1.0%	$4.1Bvs $4.0B+4.2%
Q3 2025	Jul 16, 2025	$0.28vs $0.28+0.1%	$4.0Bvs $3.8B+5.6%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
WMBThe Williams Companies, Inc.Direct Competitor	93.08B	76.12	35.57	13.78%	23.82%	18.98%	1.08%	1.96
ETEnergy Transfer LPDirect Competitor	70.15B	20.39	15.10	-0.05%	5.93%	10.38%	5.48%	1.45
EPDEnterprise Products Partners L.P.Direct Competitor	83.23B	38.50	14.47	-6.44%	11.03%	19.29%	3.56%	1.14
TRGPTarga Resources Corp.Direct Competitor	55.8B	259.72	30.48	3.06%	9.44%	58.24%	7.02%	5.45
OKEONEOK, Inc.Direct Competitor	56.72B	90.02	16.61	55.42%	10.04%	15.86%	4.31%	1.45
PAAPlains All American Pipeline, L.P.Product Competitor	15.93B	22.58	30.93	2.79%	3.24%	6.27%	11.74%	0.61
MPLXMPLX LpProduct Competitor	56.51B	55.66	11.55	8.37%	37.54%	32.81%	7.26%	1.80
DTDynatrace, Inc.Product Competitor	11.57B	38.62	24.29	18.75%	9.55%	6.71%	3.75%	0.03

Compare KMI vs Peers

Kinder Morgan, Inc. (KMI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WMB

Most directly comparable listed peer for KMI.

Scale Benchmark

vs XOM

Larger-name benchmark to compare KMI against a more recognizable public peer.

Peer Set

Compare Top 5

vs WMB, ET, EPD, TRGP

KMI Income Statement

Kinder Morgan, Inc. (KMI) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	13.62B	14.28B	13.16B	11.48B	17.53B	19.55B	15.16B	15.07B	16.95B	17.52B
Revenue Growth %	5.21%	4.85%	-7.82%	-12.77%	52.74%	11.53%	-22.49%	-0.55%	12.45%	13.1%
Cost of Goods Sold	9.09B	9.26B	8.26B	7.2B	11.17B	14.05B	10.02B	9.54B	9.55B	9.3B
COGS % of Revenue	66.77%	64.88%	62.79%	62.68%	63.7%	71.85%	66.13%	63.33%	56.34%	-
Gross Profit	4.53B▲ 0%	5.01B▲ 10.8%	4.9B▼ 2.3%	4.28B▼ 12.5%	6.37B▲ 48.6%	5.5B▼ 13.5%	5.13B▼ 6.7%	5.53B▲ 7.7%	7.4B▲ 33.9%	8.23B▲ 0%
Gross Margin %	33.23%	35.12%	37.21%	37.32%	36.3%	28.15%	33.87%	36.67%	43.66%	46.95%
Gross Profit Growth %	-8.53%	10.81%	-2.33%	-12.52%	48.58%	-13.53%	-6.72%	7.67%	33.88%	-
Operating Expenses	1.09B	946M	1.02B	1.04B	1.08B	1.08B	1.09B	1.15B	2.59B	3.21B
OpEx % of Revenue	7.98%	6.63%	7.72%	9.03%	6.17%	5.51%	7.19%	7.6%	15.27%	-
Selling, General & Admin	688M	601M	590M	648M	655M	637M	668M	712M	936M	1.05B
SG&A % of Revenue	5.05%	4.21%	4.48%	5.65%	3.74%	3.26%	4.41%	4.72%	5.52%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	398M	345M	426M	389M	426M	441M	421M	433M	1.65B	2M
Operating Income	3.44B▲ 0%	4.07B▲ 18.3%	3.88B▼ 4.6%	3.25B▼ 16.3%	5.28B▲ 62.7%	4.43B▼ 16.2%	4.04B▼ 8.6%	4.38B▲ 8.4%	4.81B▲ 9.8%	5.01B▲ 0%
Operating Margin %	25.26%	28.49%	29.49%	28.29%	30.14%	22.63%	26.69%	29.08%	28.39%	28.61%
Operating Income Growth %	-10.84%	18.29%	-4.6%	-16.34%	62.73%	-16.24%	-8.61%	8.36%	9.79%	-
EBITDA	5.7B	6.37B	6.29B	5.41B	7.42B	6.61B	6.29B	6.74B	7.26B	7.49B
EBITDA Margin %	41.86%	44.58%	47.81%	47.14%	42.31%	33.81%	41.53%	44.7%	42.86%	42.74%
EBITDA Growth %	-6.03%	11.67%	-1.15%	-14%	37.11%	-10.88%	-4.79%	7.02%	7.84%	9.99%
D&A (Non-Cash Add-back)	2.26B	2.3B	2.41B	2.16B	2.13B	2.19B	2.25B	2.35B	2.45B	2.48B
EBIT	3.99B	4.41B	4.95B	2.25B	3.71B	4.84B	5B	5.27B	5.03B	5.09B
Net Interest Income	-1.83B	-1.9B	-1.79B	-1.59B	-1.5B	-1.51B	-1.8B	-1.87B	-1.8B	-1.78B
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	1.83B	1.9B	1.79B	1.59B	1.5B	1.51B	1.8B	1.87B	1.8B	1.78B
Other Income/Expense	-1.28B	-1.56B	-716M	-2.59B	-3.06B	-1.09B	-844M	-976M	-820M	-662M
Pretax Income	2.16B▲ 0%	2.51B▲ 16.0%	3.17B▲ 26.3%	661M▼ 79.1%	2.22B▲ 235.7%	3.33B▲ 50.3%	3.2B▼ 4.0%	3.41B▲ 6.4%	3.99B▲ 17.2%	4.35B▲ 0%
Pretax Margin %	15.87%	17.55%	24.05%	5.76%	12.66%	17.06%	21.12%	22.6%	23.55%	24.83%
Income Tax	1.94B	587M	926M	481M	369M	710M	715M	687M	832M	933M
Effective Tax Rate %	89.68%	23.42%	29.26%	72.77%	16.63%	21.29%	22.34%	20.16%	20.84%	21.44%
Net Income	183M▲ 0%	1.61B▲ 779.2%	2.19B▲ 36.1%	119M▼ 94.6%	1.78B▲ 1399.2%	2.55B▲ 42.8%	2.39B▼ 6.2%	2.61B▲ 9.3%	3.06B▲ 17.0%	3.31B▲ 0%
Net Margin %	1.34%	11.27%	16.64%	1.04%	10.18%	13.03%	15.78%	17.34%	18.03%	18.92%
Net Income Growth %	-74.15%	779.24%	36.11%	-94.57%	1399.16%	42.83%	-6.16%	9.28%	16.95%	28.29%
Net Income (Continuing)	223M	1.92B	2.24B	180M	1.85B	2.63B	2.49B	2.72B	3.16B	3.42B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	1.49B	1.52B	1.15B	1.13B	1.1B	1.37B	1.42B	1.34B	1.29B	1.26B
EPS (Diluted)	0.01▲ 0%	0.66▲ 6500.0%	0.96▲ 45.5%	0.05▼ 95.1%	0.78▲ 1566.7%	1.12▲ 43.6%	1.06▼ 5.4%	1.17▲ 10.4%	1.37▲ 17.1%	1.49▲ 0%
EPS Growth %	-96%	6500%	45.45%	-95.13%	1566.67%	43.59%	-5.36%	10.38%	17.09%	28.45%
EPS (Basic)	0.01	0.66	0.96	0.05	0.78	1.12	1.06	1.17	1.37	-
Diluted Shares Outstanding	2.23B	2.22B	2.26B	2.26B	2.27B	2.26B	2.23B	2.22B	2.23B	2.23B
Basic Shares Outstanding	2.23B	2.22B	2.26B	2.26B	2.27B	2.26B	2.23B	2.22B	2.23B	2.23B
Dividend Payout Ratio	612.02%	100.56%	98.77%	1984.87%	136.94%	98.27%	105.77%	97.86%	85.21%	-

KMI Balance Sheet

Kinder Morgan, Inc. (KMI) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	2.71B	5.72B	3.24B	3.2B	3.83B	3.8B	2.54B	2.52B	2.75B	72M
Cash & Short-Term Investments	264M	3.28B	1.11B	1.18B	1.14B	745M	83M	88M	109M	72M
Cash Only	264M	3.28B	185M	1.18B	1.14B	745M	83M	88M	109M	72M
Short-Term Investments	0	0	925M	0	0	0	0	0	0	0
Accounts Receivable	1.61B	1.5B	1.38B	1.29B	1.61B	1.84B	1.59B	1.51B	1.71B	0
Days Sales Outstanding	43.24	38.3	38.25	41.11	33.54	34.35	38.24	36.47	36.91	24.01
Inventory	424M	385M	371M	348M	562M	634M	525M	555M	574M	0
Days Inventory Outstanding	17.02	15.17	16.39	17.65	18.37	16.47	19.12	21.22	21.94	16.63
Other Current Assets	414M	559M	378M	378M	516M	584M	346M	372M	357M	0
Total Non-Current Assets	76.34B	73.14B	70.92B	68.77B	68.54B	66.28B	68.48B	68.89B	71.8B	67.43B
Property, Plant & Equipment	40.16B	37.9B	36.42B	35.84B	35.97B	35.6B	37.3B	38.01B	39.55B	39.7B
Fixed Asset Turnover	0.34x	0.38x	0.36x	0.32x	0.49x	0.55x	0.41x	0.40x	0.43x	0.45x
Goodwill	22.16B	21.96B	21.45B	19.85B	19.91B	19.96B	20.12B	20.08B	20.08B	20.08B
Intangible Assets	3.1B	2.88B	2.68B	2.45B	1.68B	1.81B	1.96B	1.76B	1.73B	1.69B
Long-Term Investments	7.3B	7.48B	7.76B	7.92B	7.87B	7.65B	7.87B	7.84B	7.64B	30.9B
Other Non-Current Assets	1.58B	1.35B	1.76B	2.18B	1.04B	1.25B	1.23B	1.18B	988M	3.56B
Total Assets	79.06B▲ 0%	78.87B▼ 0.2%	74.16B▼ 6.0%	71.97B▼ 2.9%	72.37B▲ 0.5%	70.08B▼ 3.2%	71.02B▲ 1.3%	71.41B▲ 0.5%	74.55B▲ 4.4%	73.07B▲ 0%
Asset Turnover	0.17x	0.18x	0.18x	0.16x	0.24x	0.28x	0.21x	0.21x	0.23x	0.24x
Asset Growth %	-1.56%	-0.24%	-5.97%	-2.95%	0.55%	-3.16%	1.34%	0.54%	4.41%	9.84%
Total Current Liabilities	6.18B	7.56B	5.1B	5.07B	5.82B	6.93B	7.22B	5.1B	4.32B	3.11B
Accounts Payable	1.34B	1.34B	914M	837M	1.26B	1.44B	1.37B	1.4B	1.41B	0
Days Payables Outstanding	53.79	52.68	40.37	42.46	41.15	37.51	49.75	53.34	53.82	39.3
Short-Term Debt	2.7B	3.39B	2.38B	2.56B	2.69B	3.38B	4.05B	2.01B	1.27B	2.19B
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	970M	894M	808M	580M	1.6B	1.32B	1.02B	878M	1.38B	926M
Current Ratio	0.44x	0.76x	0.63x	0.63x	0.66x	0.55x	0.35x	0.49x	0.64x	0.64x
Quick Ratio	0.37x	0.71x	0.56x	0.56x	0.56x	0.46x	0.28x	0.39x	0.50x	0.50x
Cash Conversion Cycle	6.46	0.78	14.26	16.31	10.76	13.3	7.61	4.35	5.03	1.34
Total Non-Current Liabilities	37.99B	36.43B	35.01B	35.87B	34.63B	31.03B	32.07B	34.44B	37.78B	37.38B
Long-Term Debt	34.8B	33.73B	31.8B	32.02B	30.94B	28.64B	28.3B	30.07B	30.94B	29.72B
Capital Lease Obligations	0	0	0	0	271M	240M	230M	193M	167M	167M
Deferred Tax Liabilities	0	0	845M	1.53B	1.95B	623M	1.39B	2.07B	4.7B	12.84B
Other Non-Current Liabilities	2.94B	2.39B	2.36B	2.31B	1.46B	1.53B	2.15B	2.1B	1.98B	12.22B
Total Liabilities	43.93B	43.67B	40.11B	40.94B	40.45B	37.96B	39.29B	39.54B	42.1B	40.49B
Total Debt	37.51B	37.11B	34.18B	34.58B	33.91B	32.31B	32.63B	32.34B	32.39B	31.91B
Net Debt	37.24B	33.83B	34B	33.4B	32.76B	31.52B	32.53B	32.12B	32.28B	31.83B
Debt / Equity	1.07x	1.05x	0.98x	1.06x	1.06x	1.01x	1.03x	1.01x	1.00x	1.00x
Debt / EBITDA	6.58x	5.83x	5.43x	6.39x	4.57x	4.89x	5.18x	4.80x	4.46x	4.26x
Net Debt / EBITDA	6.53x	5.32x	5.40x	6.17x	4.42x	4.77x	5.17x	4.77x	4.44x	4.44x
Interest Coverage	2.18x	2.32x	2.77x	1.42x	2.48x	3.21x	2.77x	2.83x	2.79x	2.86x
Total Equity	35.12B▲ 0%	35.2B▲ 0.2%	34.89B▼ 0.9%	32.57B▼ 6.7%	31.92B▼ 2.0%	32.11B▲ 0.6%	31.73B▼ 1.2%	31.87B▲ 0.4%	32.45B▲ 1.8%	32.58B▲ 0%
Equity Growth %	0.93%	0.21%	-0.88%	-6.66%	-1.98%	0.6%	-1.2%	0.43%	1.83%	6.01%
Book Value per Share	15.75	15.88	15.41	14.39	14.09	14.22	14.20	14.35	14.58	14.64
Total Shareholders' Equity	33.64B	33.68B	33.74B	31.44B	30.82B	30.74B	30.31B	30.53B	31.16B	31.32B
Common Stock	22M	23M	23M	23M	23M	22M	22M	22M	22M	22M
Retained Earnings	-7.75B	-7.72B	-7.69B	-9.94B	-10.6B	-10.55B	-10.69B	-10.63B	-10.18B	-9.86B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-541M	-330M	-333M	-407M	-411M	-402M	-217M	-95M	45M	-137M
Minority Interest	1.49B	1.52B	1.15B	1.13B	1.1B	1.37B	1.42B	1.34B	1.29B	1.26B

KMI Cash Flow Statement

Kinder Morgan, Inc. (KMI) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	4.6B	5.04B	4.75B	4.55B	5.71B	4.97B	6.49B	5.63B	6.25B	6.25B
Operating CF Margin %	33.79%	35.32%	36.08%	39.64%	32.56%	25.4%	42.83%	37.38%	36.86%	-
Operating CF Growth %	-3.89%	9.61%	-5.85%	-4.17%	25.45%	-12.98%	30.68%	-13.19%	10.86%	52.77%
Net Income	223M	1.61B	2.19B	623M	1.85B	2.63B	2.49B	2.72B	3.04B	3.31B
Depreciation & Amortization	2.26B	2.3B	2.41B	2.16B	2.13B	2.26B	2.25B	2.35B	2.45B	2.48B
Stock-Based Compensation	65M	63M	62M	73M	59M	60M	63M	0	0	0
Deferred Taxes	2.07B	405M	717M	345M	355M	692M	710M	647M	780M	894M
Other Non-Cash Items	-19M	270M	-382M	1.31B	1.53B	-413M	-213M	-10M	197M	-817M
Working Capital Changes	-2M	399M	-250M	31M	-218M	-258M	1.2B	-76M	-223M	391M
Change in Receivables	-78M	-50M	105M	88M	-265M	-220M	301M	52M	-192M	-106M
Change in Inventory	-90M	15M	4M	16M	-202M	-183M	188M	-12M	-21M	-18M
Change in Payables	73M	21M	-198M	-19M	387M	161M	-201M	-5M	96M	-19M
Cash from Investing	-3.36B	-68M	-1.71B	-911M	-2.31B	-2.17B	-4.17B	-2.63B	-3.51B	-2.63B
Capital Expenditures	-3.19B	-2.92B	-2.27B	-1.71B	-1.28B	-1.62B	-2.32B	-2.63B	-3.03B	-2.42B
CapEx % of Revenue	23.41%	20.48%	17.25%	14.87%	7.31%	8.29%	15.29%	17.44%	17.85%	-
Acquisitions	-4M	3.12B	1.5B	1.07B	-1.55B	-487M	-1.84B	-62M	-648M	-648M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	18M	43M	-1.17B	1.18B	767M	162M	193M	183M	-39M	242M
Cash from Financing	-1.68B	-1.82B	-6.18B	-2.64B	-3.46B	-3.15B	-3.01B	-2.89B	-2.84B	-3.79B
Debt Issued (Net)	-2.2B	160M	-3.2B	-108M	-899M	-677M	234M	-116M	-57M	-1.03B
Equity Issued (Net)	-250M	-273M	-2M	-50M	0	-368M	-522M	-7M	0	0
Dividends Paid	-1.28B	-1.77B	-2.16B	-2.36B	-2.44B	-2.5B	-2.53B	-2.56B	-2.6B	-2.62B
Share Repurchases	-250M	-273M	-2M	-50M	0	-368M	-522M	-7M	0	0
Other Financing	2.04B	63M	-822M	-118M	-123M	404M	-197M	-207M	-182M	-148M
Net Change in Cash	-420M▲ 0%	3B▲ 815.5%	-3.12B▼ 203.9%	1B▲ 132.0%	-62M▼ 106.2%	-353M▼ 469.4%	-698M▼ 97.7%	118M▲ 116.9%	-105M▼ 189.0%	-115M▲ 0%
Free Cash Flow	1.41B▲ 0%	2.12B▲ 50.0%	2.48B▲ 16.9%	2.84B▲ 14.7%	4.43B▲ 55.7%	3.35B▼ 24.4%	4.15B▲ 23.9%	3.01B▼ 27.5%	3.22B▲ 7.2%	3.89B▲ 0%
FCF Margin %	10.38%	14.84%	18.83%	24.77%	25.25%	17.11%	27.36%	19.94%	19%	22.2%
FCF Growth %	-25.83%	49.96%	16.94%	14.73%	55.72%	-24.42%	23.91%	-27.5%	7.15%	38.17%
FCF per Share	0.63	0.96	1.09	1.26	1.95	1.48	1.86	1.35	1.45	1.45
FCF Conversion (FCF/Net Income)	25.14x	3.13x	2.17x	38.24x	3.20x	1.95x	2.71x	2.16x	2.04x	1.17x
Interest Paid	0	0	1.86B	1.66B	1.53B	1.46B	1.84B	1.82B	0	-657M
Taxes Paid	0	0	372M	227M	10M	13M	11M	33M	0	-3M

KMI Key Ratios

Kinder Morgan, Inc. (KMI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	0.52%	4.58%	6.25%	0.35%	5.53%	7.96%	7.49%	8.22%	9.5%	10.27%
Return on Invested Capital (ROIC)	3.52%	4.32%	4.22%	3.61%	6.07%	5.17%	4.74%	5.12%	5.6%	5.6%
Gross Margin	33.23%	35.12%	37.21%	37.32%	36.3%	28.15%	33.87%	36.67%	43.66%	46.95%
Net Margin	1.34%	11.27%	16.64%	1.04%	10.18%	13.03%	15.78%	17.34%	18.03%	18.92%
Debt / Equity	1.07x	1.05x	0.98x	1.06x	1.06x	1.01x	1.03x	1.01x	1.00x	1.00x
Interest Coverage	2.18x	2.32x	2.77x	1.42x	2.48x	3.21x	2.77x	2.83x	2.79x	2.86x
FCF Conversion	25.14x	3.13x	2.17x	38.24x	3.20x	1.95x	2.71x	2.16x	2.04x	1.17x
Revenue Growth	5.21%	4.85%	-7.82%	-12.77%	52.74%	11.53%	-22.49%	-0.55%	12.45%	13.1%

KMI SEC Filings & Documents

Kinder Morgan, Inc. (KMI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 22, 2026·SEC

Material company update

Feb 23, 2026·SEC

Material company update

Jan 29, 2026·SEC

10-K Annual Reports

FY 2026

Feb 13, 2026·SEC

FY 2025

Feb 13, 2025·SEC

FY 2024

Feb 20, 2024·SEC

10-Q Quarterly Reports

FY 2026

Apr 24, 2026·SEC

FY 2025

Oct 24, 2025·SEC

FY 2025

Jul 18, 2025·SEC

KMI Frequently Asked Questions

Kinder Morgan, Inc. (KMI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Kinder Morgan, Inc. (KMI) reported $17.52B in revenue for fiscal year 2025. This represents a 145% increase from $7.16B in 2009.

Kinder Morgan, Inc. (KMI) grew revenue by 12.5% over the past year. This is steady growth.

Yes, Kinder Morgan, Inc. (KMI) is profitable, generating $3.31B in net income for fiscal year 2025 (18.0% net margin).

Dividend & Returns

Yes, Kinder Morgan, Inc. (KMI) pays a dividend with a yield of 3.62%. This makes it attractive for income-focused investors.

Kinder Morgan, Inc. (KMI) has a return on equity (ROE) of 9.5%. This is below average, suggesting room for improvement.

Kinder Morgan, Inc. (KMI) generated $3.89B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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