Kinder MorganKMIEarnings & Financial Report
Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America. The company specializes in owning and controlling oil and gas pipelines and terminals.
Revenue
$3.6B
Gross Profit
N/A
Operating Profit
$1.1B
Net Profit
$667.0M
Gross Margin
N/A
Operating Margin
31.0%
Net Margin
18.7%
YoY Growth
0.2%
EPS
$0.30
Kinder Morgan Q4 FY2024 Financial Summary
Kinder Morgan reported revenue of $3.6B (up 0.2% YoY) for Q4 FY2024, with a net profit of $667.0M (up 12.3% YoY) (18.7% margin).
Key Financial Metrics
| Total Revenue | $3.6B |
|---|---|
| Net Profit | $667.0M |
| Gross Margin | N/A |
| Operating Margin | 31.0% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
Kinder Morgan Q4 FY2024 revenue of $3.6B breaks down across 6 segments, led by Products at $1.6B (46.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Products | $1.6B | 46.2% |
| Products Pipelines | $682.0M | 19.1% |
| Natural Gas Sales | $657.0M | 18.4% |
| Product Other Than Natural Gas | $310.0M | 8.7% |
| Feebasedservices | $246.0M | 6.9% |
| Other | $46.0M | 1.3% |
Kinder Morgan Revenue by Segment — Quarterly Trend
Kinder Morgan revenue by segment across the last 4 reported quarters, showing how each business line (such as Products and Products Pipelines) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Products | — | $2.0B | — | — |
| Products Pipelines | — | $602.0M | $625.0M | $630.0M |
| Natural Gas Sales | — | $1.1B | $952.0M | $870.0M |
| Product Other Than Natural Gas | — | $289.0M | $239.0M | $211.0M |
| Feebasedservices | — | — | $282.0M | $281.0M |
Kinder Morgan Annual Revenue by Year
Kinder Morgan annual revenue history includes year-by-year totals (for example, 2025 revenue was $15.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $15.2B |
| 2024 | $13.5B |
| 2023 | $13.6B |
| 2022 | $18.1B |
Kinder Morgan Quarterly Revenue & Net Profit History
Kinder Morgan results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $4.8B | +13.8% | $1.0B | 20.7% |
| Q4 FY2025 | $4.0B | +12.3% | $996.0M | 24.8% |
| Q3 FY2025 | $3.7B | +13.2% | $628.0M | 16.9% |
| Q2 FY2025 | $3.6B | +12.2% | $715.0M | 19.8% |
| Q1 FY2025 | $3.9B | +13.3% | $717.0M | 18.6% |
| Q4 FY2024 | $3.6B | +0.2% | $667.0M | 18.7% |
| Q3 FY2024 | $3.3B | -7.0% | $625.0M | 19.0% |
| Q2 FY2024 | $3.2B | +3.6% | $575.0M | 17.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.21B | $3.29B | $3.57B | $3.86B | $3.61B | $3.72B | $4.01B | $4.83B |
| YoY Growth | 3.6% | -7.0% | 0.2% | 13.3% | 12.2% | 13.2% | 12.3% | 13.8% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $70.70B | $70.88B | $71.41B | $72.32B | $72.37B | $72.32B | $72.75B | $73.07B |
| Liabilities | $39.01B | $39.13B | $39.54B | $40.39B | $40.29B | $40.28B | $40.30B | $40.49B |
| Equity | $30.34B | $30.41B | $30.53B | $30.61B | $30.77B | $30.74B | $31.16B | $32.58B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $1.69B | $1.25B | $1.51B | $1.16B | $1.65B | $1.41B | $1.69B |