Kinder Morgan, Inc. (KMI) Earnings History
Annual and quarterly earnings data from 2009 to 2025
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KMI EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
KMI Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 43.7% | 28.4% | 18.0% |
| 2024 | 36.7% | 29.1% | 17.3% |
| 2023 | 33.9% | 26.7% | 15.8% |
| 2022 | 28.1% | 22.6% | 13.0% |
| 2021 | 36.3% | 30.1% | 10.2% |
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Kinder Morgan, Inc. (KMI) Earnings Overview
As of May 8, 2026, Kinder Morgan, Inc. (KMI) reported trailing twelve-month net income of $3.31B, reflecting +17.1% year-over-year growth. The company earned $1.49 per diluted share over the past four quarters, with a net profit margin of 18.0%.
Looking at the long-term picture, KMI's 5-year EPS compound annual growth rate (CAGR) stands at +96.5%, indicating exceptional earnings growth. The company achieved its highest annual net income of $3.06B in fiscal 2025, representing a new all-time high.
Kinder Morgan, Inc. maintains industry-leading profitability with a gross margin of 43.7%, operating margin of 28.4%, and net margin of 18.0%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including WMB ($2.84B net income, 21.9% margin), ET ($5.55B net income, 5.9% margin), EPD ($5.80B net income, 11.1% margin), KMI has room to improve margins relative to the peer group. Compare KMI vs WMB →
KMI Earnings vs Peers
Earnings metrics vs comparable public companies
KMI Historical Earnings Data (2009–2025)
17 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.06B | +17.0% | $4.81B | $1.37 | 18.0% | 28.4% |
| 2024 | $2.61B | +9.3% | $4.38B | $1.17 | 17.3% | 29.1% |
| 2023 | $2.39B | -6.2% | $4.04B | $1.06 | 15.8% | 26.7% |
| 2022 | $2.55B | +42.8% | $4.43B | $1.12 | 13.0% | 22.6% |
| 2021 | $1.78B | +1399.2% | $5.28B | $0.78 | 10.2% | 30.1% |
| 2020 | $119M | -94.6% | $3.25B | $0.05 | 1.0% | 28.3% |
| 2019 | $2.19B | +36.1% | $3.88B | $0.96 | 16.6% | 29.5% |
| 2018 | $1.61B | +779.2% | $4.07B | $0.66 | 11.3% | 28.5% |
| 2017 | $183M | -74.2% | $3.44B | $0.01 | 1.3% | 25.3% |
| 2016 | $708M | +179.8% | $3.86B | $0.25 | 5.5% | 29.8% |
Full KMI Stock Analysis
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Start ComparisonKMI — Frequently Asked Questions
Quick answers to the most common questions about buying KMI stock.
Is KMI growing earnings?
KMI EPS is $1.49, with earnings growth accelerating to +17.1%. This exceeds the 5-year CAGR of +96.5%. TTM net income reached $3.3B.
What are KMI's profit margins?
Kinder Morgan, Inc. net margin is +18.0%, with operating margin at +28.4%. Above-average margins indicate pricing power.
How consistent are KMI's earnings?
KMI earnings data spans 2009-2025. The accelerating earnings trend is +17.1% YoY. Historical data enables comparison across business cycles.