Kinder Morgan, Inc. (KMI) quarterly cash flow statement — complete operating, investing & financing history
Kinder Morgan, Inc. (KMI) cash flow statement — 17-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 1.96B | 1.49B | 1.75B | 1.41B | 1.65B | 1.16B | 1.51B | 1.25B | 1.73B | 1.22B | 2.32B | 1.29B | 1.55B | 1.33B | 1.4B | 915M | 1.56B | 1.08B | 1.27B | 1.13B |
| Operating CF Margin % | 43.78% | 30.88% | 38.89% | 34.11% | 40.8% | 27.32% | 38.06% | 33.98% | 48.18% | 31.93% | 58.5% | 32.87% | 44.63% | 35.06% | 31.08% | 17.43% | 29.22% | 24.45% | 28.32% | 28.52% |
| Operating CF Growth % | 18.86% | 28.31% | 16.09% | 13.21% | -4.85% | -5.07% | -34.97% | -2.88% | 11.81% | -8.18% | 65.38% | 40.55% | -0.9% | 22.97% | 10.73% | -18.95% | 8.76% | -42.12% | 0% | 7.52% |
| Net Income | 894M | 1B | 991M | 654M | 742M | 743M | 694M | 621M | 572M | 742M | 591M | 555M | 582M | 703M | 693M | 595M | 653M | 684M | 654M | 511M |
| Depreciation & Amortization | 620M | 633M | 618M | 609M | 616M | 610M | 596M | 587M | 584M | 587M | 567M | 561M | 557M | 17M | 572M | 570M | 562M | 538M | 540M | 526M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 64M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 60M | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 295M | 281M | 268M | 185M | 160M | 167M | 193M | 97M | 159M | 198M | 215M | 141M | 164M | 190M | 193M | 130M | 179M | 190M | 119M | 131M |
| Other Non-Cash Items | -156M | -61M | -111M | -210M | -97M | 46M | -81M | -4M | 71M | 36M | 36M | 22M | -57M | 472M | -125M | -193M | -78M | 2M | -9M | 23M |
| Working Capital Changes | 307M | -363M | -13M | 176M | 228M | -404M | 44M | -52M | 347M | -339M | 913M | 7M | 304M | -49M | 11M | -187M | 248M | -330M | -36M | -62M |
| Change in Receivables | 26M | 131M | -267M | 8M | 22M | 45M | -248M | 33M | 108M | 159M | -50M | -222M | 37M | 536M | 40M | 154M | -363M | -51M | -146M | 11M |
| Change in Inventory | 31M | -19M | -16M | -3M | 20M | -22M | -14M | 9M | 10M | -17M | 58M | 29M | 13M | 88M | -18M | -57M | -74M | -34M | -113M | -38M |
| Change in Payables | 87M | -172M | 126M | 23M | 4M | -57M | 102M | 14M | 66M | -187M | -86M | 255M | -2M | -368M | -186M | -152M | 444M | 55M | 25M | 217M |
| Cash from Investing | -1.55B | -803M | -538M | -663M | -625M | -1.41B | -771M | -686M | -646M | -607M | -2.44B | -647M | -578M | -508M | -630M | -873M | -301M | -371M | -394M | -1.8B |
| Capital Expenditures | -982M | -804M | -172M | -793M | -647M | -766M | -714M | -657M | -639M | -619M | -656M | -647M | -535M | -507M | -477M | -365M | -372M | -407M | -387M | -349M |
| CapEx % of Revenue | 21.93% | 16.65% | 3.82% | 19.13% | 16.01% | 18.01% | 18% | 17.87% | 17.76% | 16.15% | 16.53% | 16.54% | 15.4% | 13.34% | 10.56% | 6.95% | 6.95% | 9.18% | 8.64% | 8.82% |
| Acquisitions | -503M | 0 | -648M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.83B | -12M | 0 | 0 | -487M | 69M | 0 | 0 | -1.55B | 73M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -28M | 54M | -25M | 164M | 49M | -606M | -29M | 20M | 19M | 30M | -1.75B | 43M | 48M | 44M | 511M | -468M | 76M | 47M | 2.17B | -1.52B |
| Cash from Financing | -469M | -617M | -1.24B | -815M | -1.12B | 333M | -657M | -554M | -1.11B | -570M | 119M | -1.06B | -890M | -1.18B | -703M | 264M | -1.19B | -1.51B | -6M | -1.02B |
| Debt Issued (Net) | 241M | 70M | 666M | -1.28B | -416M | 1.03B | 16M | 162M | -421M | 125M | 912M | -286M | -6M | -386M | -10M | 555M | -361M | -865M | 637M | -354M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7M | -132M | -73M | -204M | -113M | -35M | -160M | -172M | -1M | 0 | 0 |
| Dividends Paid | -665M | -654M | -654M | -654M | -654M | -642M | -642M | -643M | -641M | -631M | -631M | -634M | -637M | -627M | -628M | -629M | -631M | -616M | -630M | -638M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7M | -132M | -73M | -204M | -113M | -35M | -160M | -172M | -1M | 0 | 0 |
| Other Financing | -45M | -33M | -1.25B | 1.12B | -52M | -54M | -31M | -73M | -44M | -57M | -30M | -69M | -43M | -55M | -30M | 498M | -30M | -30M | -13M | -27M |
| Net Change in Cash | -61M | 71M | -24M | -64M | -98M | 81M | 81M | 9M | -19M | 47M | -1M | -423M | 82M | -356M | 71M | 306M | 69M | -799M | 868M | -1.69B |
| Free Cash Flow | 978M | 687M | 1.58B | 621M | 1B | 396M | 734M | 592M | 1.09B | 605M | 1.67B | 639M | 1.01B | 826M | 927M | 550M | 1.19B | 677M | 881M | 780M |
| FCF Margin % | 21.84% | 14.23% | 35.07% | 14.98% | 24.79% | 9.31% | 18.5% | 16.1% | 30.41% | 15.78% | 41.98% | 16.33% | 29.23% | 21.73% | 20.52% | 10.48% | 22.27% | 15.27% | 19.67% | 19.71% |
| FCF Growth % | -2.4% | 73.48% | 115.4% | 4.9% | -8.41% | -34.55% | -55.94% | -7.36% | 7.78% | -26.76% | 79.72% | 16.18% | -14.85% | 22.01% | 5.22% | -29.49% | 2.76% | -57.85% | -3.4% | 17.82% |
| FCF per Share | 0.44 | 0.31 | 0.71 | 0.28 | 0.45 | 0.18 | 0.33 | 0.27 | 0.49 | 0.27 | 0.75 | 0.29 | 0.45 | 0.37 | 0.41 | 0.24 | 0.53 | 0.30 | 0.39 | 0.34 |
| FCF Conversion (FCF/Net Income) | 2.26x | 1.53x | 1.76x | 2.25x | 2.31x | 1.62x | 2.26x | 2.00x | 3.01x | 1.64x | 3.91x | 2.42x | 2.65x | 1.96x | 2.10x | 1.59x | 2.46x | 1.63x | 1.99x | 2.28x |
| Interest Paid | 256M | 623M | -1.54B | 612M | 269M | 657M | 274M | 628M | 0 | 0 | 339M | 586M | 302M | 617M | 182M | 486M | 231M | 561M | 216M | 506M |
| Taxes Paid | 0 | 0 | -43M | 5M | 35M | 3M | 7M | 15M | 0 | 0 | 1M | 1M | 8M | 1M | 1M | 2M | 9M | 1M | 2M | 0 |