Kinder Morgan (KMI) financial statements
- FY2025 revenue
- $16.9B▲ +12.2%
- FY2025 net income
- $3.1B▲ +17.0%
- FY2025 diluted EPS
- $1.37▲ +17.1%
- FY2025 free cash flow
- $2.9B▼ −3.8%
Kinder Morgan income statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Revenue | 16,937 | 15,100 | 15,334 |
| Operating income | 4,724 | 4,384 | 4,263 |
| Pretax income | 3,992 | 3,407 | 3,201 |
| Net income | 3,056 | 2,613 | 2,391 |
| Diluted earnings per share | 1.37 | 1.17 | 1.06 |
Kinder Morgan balance sheet
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Cash and cash equivalents | 63 | 214 | 96 |
| Total assets | 72,748 | 71,407 | 71,020 |
| Total liabilities | 40,299 | 39,540 | 39,291 |
| Total equity | 32,449 | 31,867 | 31,729 |
| Long-term debt | 30,777 | 29,881 | 28,067 |
Kinder Morgan cash flow statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Operating cash flow | 5,917 | 5,635 | 6,491 |
| Capital expenditure | -3,026 | -2,629 | -2,317 |
| Free cash flow (derived) | 2,891 | 3,006 | 4,174 |
| Dividends paid | -2,604 | -2,557 | -2,529 |
| Share repurchases | 0 | -7 | -522 |
Quarterly highlights
| USD millions | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Period ended | 30 Sep 2026 | 30 Jun 2026 | 31 Mar 2026 | 31 Dec 2025 |
| Revenue (derived) | 4,531 | 4,477 | 4,828 | 4,508 |
| Operating income (derived) | 1,160 | 1,346 | 1,444 | 1,364 |
| Net income (derived) | 764 | 867 | 976 | 996 |
| Diluted earnings per share | 0.34 | 0.39 | 0.44 | n/a |
| Operating cash flow (derived) | 1,590 | 1,960 | 1,491 | 1,692 |
| Total assets | 75,397 | 74,062 | 73,072 | 72,748 |
Kinder Morgan major shareholders
| Holder | Share of class | Shares | Filed |
|---|---|---|---|
| Vanguard Capital Management | 6.5% | 145,547,089 | 30 April 2026 |
Kinder Morgan 10-K and SEC filings
| Filed | Form | Type | Description |
|---|---|---|---|
| 23 October 2026 | 10-Q | Quarterly report | Quarterly report |
| 21 October 2026 | 8-K | Current report | Current report |
| 25 September 2026 | 8-K | Current report | Current report |
| 3 September 2026 | 8-K | Current report | Current report |
| 7 August 2026 | 8-K | Current report | Current report |
| 3 August 2026 | 8-K | Current report | FORM 8-K |
| 24 July 2026 | 10-Q | Quarterly report | Quarterly report |
| 22 July 2026 | 8-K | Current report | Current report |
Common questions
What was Kinder Morgan's revenue in fiscal 2025?
Kinder Morgan reported $16.9 billion in revenue for fiscal 2025, the year ended 31 December 2025, up 12.2% from fiscal 2024.
What was Kinder Morgan's net income in fiscal 2025?
Kinder Morgan reported net income of $3.1 billion for fiscal 2025, the year ended 31 December 2025, up 17.0% from fiscal 2024. Diluted earnings per share were $1.37.
What was Kinder Morgan's free cash flow in fiscal 2025?
Kinder Morgan had $2.9 billion in free cash flow in fiscal 2025. Operating cash flow was $5.9 billion and capital expenditure was $3.0 billion.
What were Kinder Morgan's total assets at the end of fiscal 2025?
Kinder Morgan reported total assets of $72.7 billion at the end of fiscal 2025, the year ended 31 December 2025.
How much Kinder Morgan history does each plan include?
Free covers the last 3 fiscal years of annual figures. Basic covers the last 10 fiscal years, annual and quarterly. Pro covers the full history, with first reported values and as of dates.
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