Kinder Morgan, Inc. KMI

30.75 (0.50) (1.60%) as of 25 Sep
Market cap
$69.5B
P/E
19.7×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

Kinder Morgan, Inc. (KMI) 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 32.1% and above the Energy sector median of 14.4%.

Operating margin, annual

Annual

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

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 82

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 32.1%
Energy sector median 14.4%
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