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Saturday 17 October 2026 Export KMI’s income statement to Excel — free account

Kinder Morgan, Inc.

KMI Energy Oil & Gas Midstream

Kinder Morgan, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.9 billion, up 12.2% from fiscal 2024. In the quarter to June 2026, revenue grew 10.8%, EPS grew 21.9%, free cash flow fell 52.6% and total debt fell 1.26%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years; insiders bought in the last twelve months.

34.20 1.38 +4.20%
Market cap
$73.1B
P/E
21.9×
Fwd P/E
21.4×
Dividend yield
3.45%
F-score
6/9
Altman Z
1.14
Beneish M
−2.50
Dividend safety
22/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Kinder Morgan, Inc. (KMI) Gross margin

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Kinder Morgan, Inc.'s gross margin over the twelve months to 30 June 2026 was 66.6%, down 0.7 percentage points from fiscal 2025 (67.4%). Over the past ten years it has ranged from 51.8% (fiscal 2022) to 78.3% (fiscal 2020); the current reading is higher than 27% of that period. That is above the Oil & Gas Midstream industry median of 56.6% and above the Energy sector median of 49.5%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 67.4% (3.92)
FY2024 71.3% 3.48
FY2023 67.8% 16.00
FY2022 51.8% (9.11)
FY2021 60.9% (17.34)
FY2020 78.3% 2.95
FY2019 75.3% 6.56
FY2018 68.7% 0.44
FY2017 68.3% (5.44)
FY2016 73.7% 1.92

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 68.6% 4.85
Mar 2026 63.8% (4.13)
Dec 2025 67.9% 1.55
Sep 2025 66.4% (3.69)
42 more quarters

Against its own ten years

Low 51.8% High 78.3%
Ten-year median 68.7%
Current reading's percentile 24

Gross margin against peers

Company Gross margin
WMB Williams Companies, Inc. (The) compare 82.8%
TRP TC Energy Corporation compare 70.4%
KMI Kinder Morgan, Inc. 66.6%
MPLX MPLX LP compare 59.7%
TRGP Targa Resources, Inc. compare 43.2%
LNG Cheniere Energy, Inc. compare 38.5%
OKE ONEOK, Inc. compare 27.2%
ET Energy Transfer LP compare 23.6%
EPD Enterprise Products Partners L.P. compare 13.3%
Oil & Gas Midstream industry median 56.6%
Energy sector median 49.5%
Market median 46.2%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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