Kinder Morgan income statement
In fiscal 2025, Kinder Morgan reported revenue of $16.94bn, up 12.2% on the year before, operating income of $4.72bn (a 27.9% margin) and net income of $3.06bn, or $1.37 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.2 | 7.9 | 7.9 | 10.0 | 14.1 | 16.2 | 14.4 | 13.1 | 13.7 | 14.1 | 13.2 | 11.7 | 16.6 | 19.2 | 15.3 | 15.1 | 16.9 | 18.3 |
| Cost of revenue | — | — | 3.3 | 3.1 | 5.3 | — | — | 3.4 | 4.3 | 4.4 | 3.3 | 2.5 | 6.5 | 9.3 | — | — | — | — |
| Gross profit | — | — | 4.7 | 6.9 | 8.8 | — | — | 9.6 | 9.4 | 9.7 | 9.9 | 9.2 | 10.1 | 9.9 | — | — | — | — |
| General and administrative | 0.4 | 0.6 | 0.5 | 0.9 | 0.6 | 0.6 | 0.7 | 0.7 | 0.7 | 0.6 | 0.6 | 0.6 | 0.7 | 0.6 | 0.7 | 0.7 | 0.7 | 0.8 |
| Operating income | 1.4 | 1.1 | 1.4 | 2.6 | 4.0 | 4.4 | 2.4 | 3.5 | 3.5 | 3.8 | 4.9 | 1.6 | 2.9 | 4.1 | 4.3 | 4.4 | 4.7 | 5.3 |
| Interest expense | 0.6 | 0.7 | 0.7 | 1.4 | 1.7 | 1.8 | — | — | — | — | — | — | — | — | — | — | — | — |
| Net interest income | — | — | −0.7 | −1.4 | −1.7 | −1.8 | −2.1 | −1.8 | −1.8 | −1.9 | −1.8 | — | −1.5 | −1.5 | −1.8 | — | — | — |
| Income before tax | 1.1 | 0.2 | 0.8 | 1.3 | 3.4 | 3.1 | 0.8 | 1.6 | 2.2 | 2.5 | 3.2 | 0.7 | 2.2 | 3.3 | 3.2 | 3.4 | 4.0 | 4.7 |
| Income tax | 0.3 | 0.2 | 0.4 | 0.1 | 0.7 | 0.6 | 0.6 | 0.9 | 1.9 | 0.6 | 0.9 | 0.5 | 0.4 | 0.7 | 0.7 | 0.7 | 0.8 | 1.0 |
| Net income | 0.5 | −0.0 | 0.6 | 0.3 | 1.2 | 1.0 | 0.3 | 0.7 | 0.2 | 1.6 | 2.2 | 0.1 | 1.8 | 2.5 | 2.4 | 2.6 | 3.1 | 3.6 |
| Diluted EPS | — | — | — | — | $0.57 | $0.45 | $0.10 | $0.25 | $0.01 | $0.66 | $0.96 | $0.05 | $0.78 | $1.12 | $1.06 | $1.17 | $1.37 | $1.62 |
| Diluted shares (average) | — | — | — | — | 2,072m | 2,274m | 2,193m | 2,230m | 2,230m | 2,216m | 2,264m | 2,263m | 2,266m | 2,258m | 2,234m | 2,220m | 2,223m | 2,225m |
| EBITDA | 2.5 | 2.2 | 2.5 | 4.0 | 5.8 | 6.5 | 4.8 | 5.7 | 5.8 | 6.1 | 7.3 | 3.7 | 5.1 | 6.3 | 6.5 | 6.7 | 7.2 | 7.8 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,987 | 4,241 | 4,042 | 4,146 | 4,508 | 4,828 | 4,477 | 4,531 |
| General and administrative | 182 | 187 | 188 | 183 | 186 | 184 | 192 | 190 |
| Operating income | 1,108 | 1,145 | 1,152 | 1,063 | 1,364 | 1,444 | 1,346 | 1,160 |
| Income before tax | 891 | 929 | 919 | 839 | 1,305 | 1,288 | 1,166 | 980 |
| Income tax | 197 | 186 | 177 | 185 | 284 | 287 | 272 | 190 |
| Net income | 667 | 717 | 715 | 628 | 996 | 976 | 867 | 764 |
| Diluted EPS | $0.30 | $0.32 | $0.32 | $0.28 | $0.45 | $0.44 | $0.39 | $0.34 |
| EBITDA | 1,704 | 1,755 | 1,768 | 1,672 | 1,982 | 2,077 | 1,966 | 1,788 |
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