Kinder Morgan, Inc. (KMI) Revenue History
Annual and quarterly revenue from 2009 to present
KMI Revenue Over Time (2009–2025)
KMI Revenue Growth History
10 of 16 years with positive growth- FY2009 revenue growth
- N/A
- FY2010 revenue growth
- +14.6%
- FY2011 revenue growth
- +1.5%
- FY2012 revenue growth
- +20.0%
- FY2013 revenue growth
- +40.9%
- FY2014 revenue growth
- +14.8%
- FY2015 revenue growth
- -14.0%
- FY2016 revenue growth
- -7.0%
- FY2017 revenue growth
- +5.2%
- FY2018 revenue growth
- +4.8%
- FY2019 revenue growth
- -7.8%
- FY2020 revenue growth
- -12.8%
- FY2021 revenue growth
- +52.7%
- FY2022 revenue growth
- +11.5%
- FY2023 revenue growth
- -22.5%
- FY2024 revenue growth
- -0.5%
- FY2025 revenue growth
- +12.5%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $4.83B | +13.5% |
| Q4 2025 | $4.51B | +13.6% |
| Q3 2025 | $4.15B | +12.8% |
| Q2 2025 | $4.04B | +12.4% |
| Q1 2025 | $4.25B | +11.0% |
| Q4 2024 | $3.97B | -0.1% |
| Q3 2024 | $3.68B | -6.0% |
| Q2 2024 | $3.60B | +3.6% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
KMI's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
KMI Revenue Analysis (2009–2025)
Current Revenue & Growth
As of June 22, 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.
Historical Growth Trajectory
KMI's 5-year compound annual growth rate (CAGR) stands at +8.1%, indicating steady revenue expansion. The 3-year CAGR of -4.7% is below the 5-year average, signalling a growth deceleration in recent years. Kinder Morgan, Inc.'s highest annual revenue of $19.55 billion was recorded in 2022.
Revenue by Segment
KMI's revenue 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 has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Energy sector peers — including WMB (+10.6% YoY), ET (+8.9% YoY), and EPD (-6.4% YoY) — KMI has outperformed the peer group in 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 (2009–2025)
| 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% |
| 2015 | $13.92B | -14.0% | $5.17B | 37.2% | $4.04B | 29.1% |
| 2014 | $16.18B | +14.8% | $5.70B | 35.2% | $4.67B | 28.9% |
| 2013 | $14.09B | +40.9% | $4.92B | 34.9% | $3.91B | 27.8% |
| 2012 | $10.00B | +20.0% | $3.80B | 38.0% | $2.59B | 25.9% |
| 2011 | $8.33B | +1.5% | $2.29B | 27.5% | $1.55B | 18.6% |
Full Stock Analysis
Deep dive into KMI consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
17+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
KMI — Frequently Asked Questions
Quick answers to the most common questions about buying KMI stock.
Is KMI's revenue growth accelerating or slowing?
KMI revenue growth is holding steady at +13.5% year-over-year. TTM revenue is $17.5B. The current growth rate closely tracks the 5-year CAGR of +8.1%, signalling consistent execution.
What is KMI's revenue history from 2009 to 2026?
Kinder Morgan, Inc. (KMI) revenue history spans 2009 to 2026. TTM revenue as of 2026 is $17.5B, growing at +13.5% YoY. The 5-year CAGR is +8.1%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is KMI's long-term revenue growth rate (CAGR)?
Kinder Morgan, Inc.'s 5-year revenue CAGR of +8.1% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +13.5% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for KMI.
Why does KMI's quarterly revenue fluctuate?
KMI quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Kinder Morgan, Inc.'s revenue data from 2009 to 2026 shows full historical quarterly detail on this page.
How is KMI's revenue distributed by segment?
KMI reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does KMI's revenue compare to industry peers?
Kinder Morgan, Inc. (KMI) with TTM revenue of $17.5B and +13.5% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.