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Kinder Morgan cash flow statement

In fiscal 2025, Kinder Morgan's operations generated $5.92bn of cash; it spent $3.03bn on capital projects, leaving free cash flow of $2.89bn. It returned $2.60bn in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Kinder Morgan: cash flow statement, annual
Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations1,5791,9132,3662,8084,1224,4675,3134,7584,6015,0434,7484,5505,7084,9676,4915,6355,9176,733
Depreciation and amortisation1,0701,0561,0681,4191,8062,0402,3092,2092,2612,2972,4112,1642,1352,1862,2502,3542,4532,499
Stock-based pay—008700————————————
Capital spending1,3241,0061,2002,0223,3693,6173,8962,8823,1882,9042,2701,7071,2811,6212,3172,6293,0263,651
Free cash flow2559071,1667867538501,4171,8761,4132,1392,4782,8434,4273,3464,1743,0062,8913,082
Free cash flow after stock pay—9071,166699753850————————————
Dividends paid—7007701,1841,6221,7604,2241,1181,1201,6182,1632,3622,4432,5042,5292,5572,6042,638
Share buybacks————17294—0250273250036852270—
Shares issued————003,87000—————————

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Kinder Morgan's SEC filings (10-K and 10-Q), retrieved October 24, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Kinder Morgan.