Kinder Morgan, Inc. (KMI) Financial Statements
Industry: Natural Gas Transmission
In fiscal 2025, Kinder Morgan reported revenue of $16.94B, up 12.2% from $15.10B the year before. Net income was $3.06B (a 18.0% net margin), or $1.37 per diluted share. Gross margin was 27.9% and operating margin was 27.9%. Operating activities generated $5.92B of cash, leaving $2.89B of free cash flow. At fiscal year end, Kinder Morgan held $72.75B in total assets against $40.30B in total liabilities, including $63.0M of cash and equivalents.
Open the full interactive Kinder Morgan financials → Quarterly statements, key ratios, valuation history and price charts.
Kinder Morgan Key Stats
| Share Price | $33.43 |
|---|---|
| Market Cap | $74.38B |
| P/E Ratio | 24.4 |
| Revenue YoY Growth | +12.2% |
| 52-Week Range | $24.86 – $33.99 |
| Shares Outstanding | 2.23 billion (basic, 2026 Q2) |
Kinder Morgan Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $11.70B | $16.61B | $19.20B | $15.33B | $15.10B | $16.94B |
| Cost of Goods Sold | $2.54B | $6.49B | $9.26B | $11.07B | $10.72B | $12.21B |
| Gross Profit | $9.15B | $10.12B | $9.95B | $4.26B | $4.38B | $4.72B |
| Operating Income | $1.56B | $2.92B | $4.07B | $4.26B | $4.38B | $4.72B |
| Pre-Tax Income | $661.0M | $2.22B | $3.33B | $3.20B | $3.41B | $3.99B |
| Income Tax | $481.0M | $369.0M | $710.0M | $715.0M | $687.0M | $832.0M |
| Net Income | $119.0M | $1.78B | $2.55B | $2.39B | $2.61B | $3.06B |
| Diluted EPS | $0.05 | $0.78 | $1.12 | $1.06 | $1.17 | $1.37 |
Kinder Morgan Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $4.15B | $4.51B | $4.83B | $4.48B |
| Net Income | $628.0M | $996.0M | $976.0M | $867.0M |
| Diluted EPS | $0.28 | $0.45 | $0.44 | $0.39 |
Kinder Morgan Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.18B | $1.14B | $745.0M | $83.0M | $88.0M | $63.0M |
| Current Assets | $3.20B | $3.83B | $3.80B | $2.54B | $2.52B | $2.75B |
| Total Assets | $71.97B | $70.42B | $70.08B | $71.02B | $71.41B | $72.75B |
| Current Liabilities | $5.07B | $5.82B | $6.93B | $7.22B | $5.10B | $4.32B |
| Total Long-Term Debt | $32.13B | $30.67B | $28.40B | $28.07B | $29.88B | $30.78B |
| Total Liabilities | $39.41B | $38.49B | $37.96B | $39.29B | $39.54B | $40.30B |
| Shareholders' Equity | $31.44B | $30.82B | $30.74B | $30.31B | $30.53B | $31.16B |
Kinder Morgan Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $4.55B | $5.71B | $4.97B | $6.49B | $5.63B | $5.92B |
| Cash From Investing | -$911.0M | -$2.31B | -$2.17B | -$4.17B | -$2.63B | -$3.18B |
| Cash From Financing | -$2.64B | -$3.46B | -$3.15B | -$3.01B | -$2.89B | -$2.84B |
| Free Cash Flow | $2.84B | $4.43B | $3.35B | $4.17B | $3.01B | $2.89B |
Figures from Kinder Morgan's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Kinder Morgan financials page for every line item.
Kinder Morgan Company Profile
| Ticker | KMI |
|---|---|
| Exchange | NYSE |
| Industry | Natural Gas Transmission |
| Headquarters | Houston, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001506307 |
Frequently Asked Questions
What was Kinder Morgan's revenue in fiscal 2025?
Kinder Morgan (KMI) reported revenue of $16.94B for fiscal 2025.
What is Kinder Morgan's annual revenue history?
Kinder Morgan's annual revenue by fiscal year: 2020: $11.70B; 2021: $16.61B; 2022: $19.20B; 2023: $15.33B; 2024: $15.10B; 2025: $16.94B.
What was Kinder Morgan's net income in fiscal 2025?
Kinder Morgan reported net income of $3.06B for fiscal 2025.
What was Kinder Morgan's earnings per share (EPS) in fiscal 2025?
Kinder Morgan's diluted EPS was $1.37 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Kinder Morgan generate in fiscal 2025?
Kinder Morgan generated $2.89B of free cash flow in fiscal 2025.
What was Kinder Morgan's revenue last quarter?
In its most recent reported quarter (2026 Q2), Kinder Morgan reported revenue of $4.48B.
How much debt does Kinder Morgan have?
Kinder Morgan reported $30.78B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Kinder Morgan are outstanding?
Kinder Morgan reported a weighted average of 2.23 billion basic shares outstanding in 2026 Q2.
What is Kinder Morgan's market cap?
Based on its latest closing price, Kinder Morgan (KMI) has a market capitalization of about $74.38B.
When does Kinder Morgan's fiscal year end?
Kinder Morgan's fiscal year end, as registered with the SEC, is December 31.
Where is Kinder Morgan headquartered?
Kinder Morgan lists its business address in Houston, Texas in its SEC filings.