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.

Revenue
+9.29%
EPS
+21.4%
Free cash flow
−1.32%
Total debt
+1.51%

Quarter to September 2026, against a year earlier

30.32 1.20 −3.81%
Market cap
$67.3B
P/E
18.7×
Fwd P/E
22.0×
Dividend yield
3.91%
F-score
6/9
Altman Z
1.14
Beneish M
−2.50
Dividend safety
22/100

Kinder Morgan, Inc. (KMI) Net margin

Alert me on Net margin

Kinder Morgan, Inc.'s net margin over the twelve months to 30 September 2026 was 19.6%, up 1.6 percentage points from fiscal 2025 (18.0%). Over the past ten years it has ranged from 0.20% (fiscal 2017) to 18.0% (fiscal 2025) — the current reading is the highest in ten years. That is in line with the Oil & Gas Midstream industry median of 20.1% and above the Energy sector median of 8.44%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 18.0% 0.74
FY2024 17.3% 1.71
FY2023 15.6% 2.32
FY2022 13.3% 2.53
FY2021 10.7% 9.72
FY2020 1.02% (15.56)
FY2019 16.6% 6.11
FY2018 10.5% 10.27
FY2017 0.20% (4.03)
FY2016 4.23% 2.65

Quarterly newest first

Period Net margin Change (points)
Sep 2026 16.9% (2.51)
Jun 2026 19.4% (0.85)
Mar 2026 20.2% (1.87)
Dec 2025 22.1% 6.94
43 more quarters

Against its own ten years

Low 0.20% High 18.0%
Ten-year median 10.7%
Current reading's percentile 100

Net margin against peers

Company Net margin
MPLX MPLX LP compare 32.9%
WMB Williams Companies, Inc. (The) compare 25.0%
TRP TC Energy Corporation compare 22.2%
KMI Kinder Morgan, Inc. 19.6%
LNG Cheniere Energy, Inc. compare 13.0%
OKE ONEOK, Inc. compare 9.42%
ET Energy Transfer LP compare 4.20%
TRGP Targa Resources, Inc. compare 0.00%
EPD Enterprise Products Partners L.P. compare 0.00%
Oil & Gas Midstream industry median 20.1%
Energy sector median 8.44%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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