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
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,579 | 1,913 | 2,366 | 2,808 | 4,122 | 4,467 | 5,313 | 4,758 | 4,601 | 5,043 | 4,748 | 4,550 | 5,708 | 4,967 | 6,491 | 5,635 | 5,917 | 6,733 |
| Depreciation and amortisation | 1,070 | 1,056 | 1,068 | 1,419 | 1,806 | 2,040 | 2,309 | 2,209 | 2,261 | 2,297 | 2,411 | 2,164 | 2,135 | 2,186 | 2,250 | 2,354 | 2,453 | 2,499 |
| Stock-based pay | — | 0 | 0 | 87 | 0 | 0 | — | — | — | — | — | — | — | — | — | — | — | — |
| Capital spending | 1,324 | 1,006 | 1,200 | 2,022 | 3,369 | 3,617 | 3,896 | 2,882 | 3,188 | 2,904 | 2,270 | 1,707 | 1,281 | 1,621 | 2,317 | 2,629 | 3,026 | 3,651 |
| Free cash flow | 255 | 907 | 1,166 | 786 | 753 | 850 | 1,417 | 1,876 | 1,413 | 2,139 | 2,478 | 2,843 | 4,427 | 3,346 | 4,174 | 3,006 | 2,891 | 3,082 |
| Free cash flow after stock pay | — | 907 | 1,166 | 699 | 753 | 850 | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | 700 | 770 | 1,184 | 1,622 | 1,760 | 4,224 | 1,118 | 1,120 | 1,618 | 2,163 | 2,362 | 2,443 | 2,504 | 2,529 | 2,557 | 2,604 | 2,638 |
| Share buybacks | — | — | — | — | 172 | 94 | — | 0 | 250 | 273 | 2 | 50 | 0 | 368 | 522 | 7 | 0 | — |
| Shares issued | — | — | — | — | 0 | 0 | 3,870 | 0 | 0 | — | — | — | — | — | — | — | — | — |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,510 | 1,162 | 1,649 | 1,414 | 1,692 | 1,491 | 1,960 | 1,590 |
| Depreciation and amortisation | 596 | 610 | 616 | 609 | 618 | 633 | 620 | 628 |
| Capital spending | 772 | 766 | 647 | 793 | 820 | 804 | 982 | 1,045 |
| Free cash flow | 738 | 396 | 1,002 | 621 | 872 | 687 | 978 | 545 |
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