Pricing Log in Create free account
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) Operating margin

Alert me on Operating margin

Kinder Morgan, Inc.'s operating margin over the twelve months to 30 June 2026 was 29.1%, up 1.2 percentage points from fiscal 2025 (27.9%). Over the past ten years it has ranged from 13.3% (fiscal 2020) to 36.9% (fiscal 2019); the current reading is higher than 82% of that period. That is below the Oil & Gas Midstream industry median of 34.2% and above the Energy sector median of 14.5%.

Operating margin, annual

Embed this chart

Annual newest first

Period Operating margin Change (points)
FY2025 27.9% (1.14)
FY2024 29.0% 1.23
FY2023 27.8% 6.63
FY2022 21.2% 3.61
FY2021 17.6% 4.23
FY2020 13.3% (23.56)
FY2019 36.9% 10.07
FY2018 26.8% 1.07
FY2017 25.8% (1.34)
FY2016 27.1% 10.10

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 30.1% 0.15
Mar 2026 29.9% (0.35)
Dec 2025 30.3% 4.62
Sep 2025 25.6% (2.86)
42 more quarters

Against its own ten years

Low 13.3% High 36.9%
Ten-year median 26.8%
Current reading's percentile 90

Operating margin against peers

Company Operating margin
TRP TC Energy Corporation compare 53.9%
MPLX MPLX LP compare 44.4%
WMB Williams Companies, Inc. (The) compare 38.2%
LNG Cheniere Energy, Inc. compare 29.9%
KMI Kinder Morgan, Inc. 29.1%
TRGP Targa Resources, Inc. compare 22.9%
OKE ONEOK, Inc. compare 15.5%
EPD Enterprise Products Partners L.P. compare 13.4%
ET Energy Transfer LP compare 10.0%
Oil & Gas Midstream industry median 34.2%
Energy sector median 14.5%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on KMI