Kinder Morgan, Inc. (KMI) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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KMI Revenue Growth
Revenue Breakdown (FY 2025)
KMI's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
KMI Revenue Analysis (2014–2025)
As of May 8, 2026, Kinder Morgan, Inc. (KMI) generated trailing twelve-month (TTM) revenue of $17.52 billion, reflecting strong growth of +13.5% year-over-year. The most recent quarter (Q1 2026) recorded $4.83 billion in revenue, up 7.1% sequentially.
Looking at the longer-term picture, KMI's 5-year compound annual growth rate (CAGR) stands at +8.1%, indicating steady revenue expansion. The company achieved its highest annual revenue of $19.55 billion in 2022.
Revenue diversification analysis shows KMI's business is primarily driven by Natural Gas Pipelines (65%), Products Pipelines (16%), and Terminals (12%). With over half of revenue concentrated in Natural Gas Pipelines, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including WMB (+10.6% YoY), ET (+8.9% YoY), and EPD (-6.4% YoY), KMI has underperformed the peer group in terms of revenue growth. Compare KMI vs WMB →
KMI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| KMICurrent | $17.5B | +13.5% | +8.1% | 28.4% | |
 WMB | $11.9B | +10.6% | +9.1% | 36.8% | |
 ET | $82.6B | +8.9% | +16.2% | 11.4% | |
 EPD | $52.6B | -6.4% | +14.1% | 13.1% | |
 TRGP | $17.1B | -2.3% | +15.7% | 20.1% | |
 OKE | $33.6B | +41.0% | +31.8% | 20.7% |
KMI Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $16.95B | +12.5% | $7.40B | 43.7% | $4.81B | 28.4% |
| 2024 | $15.07B | -0.5% | $5.53B | 36.7% | $4.38B | 29.1% |
| 2023 | $15.16B | -22.5% | $5.13B | 33.9% | $4.04B | 26.7% |
| 2022 | $19.55B | +11.5% | $5.50B | 28.1% | $4.43B | 22.6% |
| 2021 | $17.53B | +52.7% | $6.37B | 36.3% | $5.28B | 30.1% |
| 2020 | $11.48B | -12.8% | $4.28B | 37.3% | $3.25B | 28.3% |
| 2019 | $13.16B | -7.8% | $4.90B | 37.2% | $3.88B | 29.5% |
| 2018 | $14.28B | +4.8% | $5.01B | 35.1% | $4.07B | 28.5% |
| 2017 | $13.62B | +5.2% | $4.53B | 33.2% | $3.44B | 25.3% |
| 2016 | $12.94B | -7.0% | $4.95B | 38.2% | $3.86B | 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's revenue growth accelerating or slowing?
KMI maintains +13.5% revenue growth, in line with its 5-year CAGR of +8.1%. TTM revenue stands at $17.5B. Growth rate remains consistent with historical average.
What is KMI's long-term revenue growth rate?
Kinder Morgan, Inc.'s 5-year revenue CAGR of +8.1% reflects the sustained expansion pattern. Current YoY growth of +13.5% is near this long-term average.
How is KMI's revenue distributed by segment?
KMI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.