Kinder Morgan Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Kinder Morgan Inc reported revenue of $16.9B (+12.2% year on year) and net income of $3.2B (+16.2% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenues | $16.9B | $15.1B | $15.3B | $19.2B |
| Costs of sales (exclusive of items shown separately below) | $5.5B | $4.3B | $4.9B | — |
| Operations and maintenance | $3.1B | $3.0B | $2.8B | $2.7B |
| Depreciation, depletion, and amortization | $2.5B | $2.4B | $2.3B | $2.2B |
| General and administrative | $744.0M | $712.0M | $668.0M | $637.0M |
| Taxes, other than income taxes | $445.0M | $433.0M | $421.0M | $441.0M |
| Other income, net | ($15.0M) | ($92.0M) | $2.0M | ($7.0M) |
| Total Operating Costs, Expenses, and Other | $12.2B | $10.7B | $11.1B | $15.1B |
| Operating Income | $4.7B | $4.4B | $4.3B | $4.1B |
| Earnings from equity investments | $896.0M | $890.0M | $838.0M | $803.0M |
| Interest, net | ($1.8B) | ($1.8B) | ($1.8B) | ($1.5B) |
| Other, net (Note 3) | $173.0M | $27.0M | ($37.0M) | $55.0M |
| Total Other Expense | ($732.0M) | ($977.0M) | ($1.1B) | ($730.0M) |
| Income Before Income Taxes | $4.0B | $3.4B | $3.2B | $3.3B |
| Income Tax Expense | ($832.0M) | ($687.0M) | ($715.0M) | ($710.0M) |
| Net Income | $3.2B | $2.7B | $2.5B | $2.6B |
| Net Income Attributable to Noncontrolling Interests | ($104.0M) | ($107.0M) | ($95.0M) | ($77.0M) |
| Net Income Attributable to Kinder Morgan, Inc. | $3.1B | $2.6B | $2.4B | $2.5B |
| Basic Earnings Per Share | $1.37 | $1.17 | $1.06 | $1.12 |
| Diluted Earnings Per Share | $1.37 | $1.17 | $1.06 | $1.12 |
| Basic Weighted Average Shares Outstanding | 2.2B | 2.2B | 2.2B | 2.3B |
| Diluted Weighted Average Shares Outstanding | 2.2B | 2.2B | 2.2B | 2.3B |
| Line item | Sep 30, 2026 · Q3 | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 |
|---|---|---|---|---|
| Revenues | $4.5B | $4.5B | $4.8B | $4.1B |
| Costs of sales (exclusive of items shown separately below) | $1.6B | $1.4B | $1.7B | $1.4B |
| Operations and maintenance | $949.0M | $806.0M | $711.0M | $786.0M |
| Depreciation, depletion, and amortization | $628.0M | $620.0M | $633.0M | $609.0M |
| General and administrative | $190.0M | $192.0M | $184.0M | $183.0M |
| Taxes, other than income taxes | $121.0M | $120.0M | $114.0M | $111.0M |
| Other income, net | ($83.0M) | ($12.0M) | ($7.0M) | ($1.0M) |
| Total Operating Costs, Expenses, and Other | $3.4B | $3.1B | $3.4B | $3.1B |
| Operating Income | $1.2B | $1.3B | $1.4B | $1.1B |
| Earnings from equity investments | $231.0M | $225.0M | $254.0M | $221.0M |
| Interest, net | ($430.0M) | ($425.0M) | ($430.0M) | ($456.0M) |
| Other, net | $19.0M | $20.0M | $20.0M | $11.0M |
| Total Other Expense | ($180.0M) | ($180.0M) | ($156.0M) | ($224.0M) |
| Income Before Income Taxes | $980.0M | $1.2B | $1.3B | $839.0M |
| Income Tax Expense | ($190.0M) | ($272.0M) | ($287.0M) | ($185.0M) |
| Net Income | $790.0M | $894.0M | $1.0B | $654.0M |
| Net Income Attributable to Noncontrolling Interests | ($26.0M) | ($27.0M) | ($25.0M) | ($26.0M) |
| Net Income Attributable to Kinder Morgan, Inc. | $764.0M | $867.0M | $976.0M | $628.0M |
| Basic Earnings Per Share | $0.34 | $0.39 | $0.44 | $0.28 |
| Diluted Earnings Per Share | $0.34 | $0.39 | $0.44 | $0.28 |
| Basic Weighted Average Shares Outstanding | 2.2B | 2.2B | 2.2B | 2.2B |
| Diluted Weighted Average Shares Outstanding | 2.2B | 2.2B | 2.2B | 2.2B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $63.0M | $88.0M | $83.0M | $745.0M |
| Restricted deposits | $46.0M | $126.0M | $13.0M | $49.0M |
| Accounts receivable | $1.7B | $1.5B | $1.6B | $1.8B |
| Inventories | $574.0M | $555.0M | $525.0M | $634.0M |
| Other current assets | $357.0M | $246.0M | $207.0M | $304.0M |
| Total current assets | $2.8B | $2.5B | $2.5B | $3.8B |
| Property, plant, and equipment, net | $39.3B | $38.0B | $37.3B | $35.6B |
| Investments | $7.5B | $7.8B | $7.9B | $7.7B |
| Goodwill | $20.1B | $20.1B | $20.1B | $20.0B |
| Other intangibles, net | $1.7B | $1.8B | $2.0B | $1.8B |
| Deferred charges and other assets | $1.3B | $1.2B | $1.2B | $1.2B |
| Total Assets | $72.7B | $71.4B | $71.0B | $70.1B |
| Current portion of debt | $1.2B | $2.0B | $4.0B | $3.4B |
| Accounts payable | $1.4B | $1.4B | $1.4B | $1.4B |
| Accrued interest | $534.0M | $543.0M | $513.0M | $515.0M |
| Accrued taxes | $256.0M | $276.0M | $272.0M | $264.0M |
| Other current liabilities | $898.0M | $878.0M | $816.0M | $857.0M |
| Total current liabilities | $4.3B | $5.1B | $7.2B | $6.9B |
| Outstanding | $30.6B | $29.8B | $27.9B | $28.3B |
| Debt fair value adjustments | $180.0M | $102.0M | $187.0M | $115.0M |
| Total long-term debt | $30.8B | $29.9B | $28.1B | $28.4B |
| Deferred income taxes | $2.9B | $2.1B | $1.4B | $0 |
| Other long-term liabilities and deferred credits | $2.3B | $2.5B | $2.6B | $2.0B |
| Total long-term liabilities and deferred credits | $36.0B | $34.4B | $32.1B | $31.0B |
| Total Liabilities | $40.3B | $39.5B | $39.3B | $38.0B |
| Class P Common Stock, $0.01 par value, 4,000,000,000 shares authorized, 2,224,777,750 and 2,221,647,775 shares, respectively, issued and outstanding | 22.0M | 22.0M | 22.0M | 22.0M |
| Additional paid-in capital | $41.3B | $41.2B | $41.2B | $41.7B |
| Accumulated deficit | ($10.2B) | ($10.6B) | ($10.7B) | ($10.6B) |
| Accumulated other comprehensive income (loss) | $45.0M | ($95.0M) | ($217.0M) | ($402.0M) |
| Total Kinder Morgan, Inc.’s stockholders’ equity | $31.2B | $30.5B | $30.3B | $30.7B |
| Noncontrolling interests | $1.3B | $1.3B | $1.4B | $1.4B |
| Total Stockholders’ Equity | $32.4B | $31.9B | $31.7B | $32.1B |
| Total Liabilities and Stockholders’ Equity | $72.7B | $71.4B | $71.0B | $70.1B |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $918.0M | $89.0M | $72.0M | $71.0M |
| Restricted deposits | $25.0M | $30.0M | $108.0M | $62.0M |
| Accounts receivable | $1.6B | $1.6B | $1.6B | $1.4B |
| Inventories | $621.0M | $565.0M | $593.0M | $560.0M |
| Other current assets | $310.0M | $341.0M | $352.0M | $289.0M |
| Total current assets | $3.5B | $2.6B | $2.7B | $2.4B |
| Property, plant, and equipment, net | $40.9B | $40.5B | $39.7B | $39.0B |
| Investments | $7.8B | $7.7B | $7.7B | $7.7B |
| Goodwill | $20.1B | $20.1B | $20.1B | $20.1B |
| Other intangibles, net | $1.8B | $1.9B | $1.7B | $1.8B |
| Deferred charges and other assets | $1.3B | $1.3B | $1.2B | $1.3B |
| Total Assets | $75.4B | $74.1B | $73.1B | $72.3B |
| Current portion of debt | $1.7B | $2.4B | $2.2B | $1.1B |
| Accounts payable | $1.6B | $1.6B | $1.4B | $1.3B |
| Accrued interest | $365.0M | $514.0M | $339.0M | $362.0M |
| Accrued taxes | $289.0M | $216.0M | $198.0M | $291.0M |
| Other current liabilities | $1.2B | $907.0M | $1.1B | $817.0M |
| Total current liabilities | $5.2B | $5.6B | $5.2B | $3.8B |
| Outstanding | $31.4B | $29.7B | $29.7B | $31.3B |
| Debt fair value adjustments | ($98.0M) | $104.0M | $151.0M | $196.0M |
| Total long-term debt | $31.3B | $29.8B | $29.9B | $31.5B |
| Deferred income taxes | $3.6B | $3.4B | $3.1B | $2.6B |
| Other long-term liabilities and deferred credits | $2.4B | $2.3B | $2.3B | $2.3B |
| Total long-term liabilities and deferred credits | $37.4B | $35.5B | $35.3B | $36.4B |
| Total Liabilities | $42.6B | $41.2B | $40.5B | $40.3B |
| Class P Common Stock, $0.01 par value, 4,000,000,000 shares authorized, 2,227,712,648 and 2,224,777,750 shares, respectively, issued and outstanding | 22.0M | 22.0M | 22.0M | 22.0M |
| Additional paid-in capital | $41.3B | $41.3B | $41.3B | $41.3B |
| Accumulated deficit | ($9.6B) | ($9.7B) | ($9.9B) | ($10.5B) |
| Accumulated other comprehensive (loss)/income | ($162.0M) | ($50.0M) | ($137.0M) | ($14.0M) |
| Total Kinder Morgan, Inc.’s stockholders’ equity | $31.6B | $31.6B | $31.3B | $30.7B |
| Noncontrolling interests | $1.2B | $1.2B | $1.3B | $1.3B |
| Total Stockholders’ Equity | $32.8B | $32.9B | $32.6B | $32.0B |
| Total Liabilities and Stockholders’ Equity | $75.4B | $74.1B | $73.1B | $72.3B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $3.2B | $2.7B | $2.5B | $2.6B |
| Depreciation, depletion, and amortization | $2.5B | $2.4B | $2.3B | $2.2B |
| Deferred income taxes | $780.0M | $647.0M | $710.0M | $692.0M |
| Change in fair value of derivative contracts | ($23.0M) | $72.0M | ($126.0M) | — |
| Gain on divestitures, net | ($6.0M) | ($74.0M) | ($15.0M) | ($32.0M) |
| Gain on sale of interest in equity investment (Note 3) | ($123.0M) | — | $0 | $0 |
| Earnings from equity investments | ($896.0M) | ($890.0M) | ($838.0M) | ($803.0M) |
| Distributions of equity investment earnings | $805.0M | $823.0M | $755.0M | $725.0M |
| Pension contributions net of noncash pension benefit expenses | ($10.0M) | $9.0M | $77.0M | ($50.0M) |
| Accounts receivable | ($192.0M) | $52.0M | $301.0M | ($220.0M) |
| Inventories | ($21.0M) | ($12.0M) | $188.0M | ($183.0M) |
| Other current assets | ($9.0M) | ($46.0M) | $108.0M | ($51.0M) |
| Accounts payable | $96.0M | ($5.0M) | ($201.0M) | $161.0M |
| Accrued interest, net of interest rate swaps | ($13.0M) | $43.0M | ($13.0M) | $50.0M |
| Accrued taxes | ($15.0M) | $5.0M | — | ($5.0M) |
| Other current liabilities | $41.0M | ($52.0M) | ($58.0M) | ($10.0M) |
| Change in deferred revenues | $5.0M | ($58.0M) | $870.0M | — |
| Other, net | ($115.0M) | ($27.0M) | ($50.0M) | ($3.0M) |
| Net Cash Provided by Operating Activities | $5.9B | $5.6B | $6.5B | $5.0B |
| Acquisitions of assets and investments, net of cash acquired (Note 3) | ($648.0M) | ($62.0M) | ($1.8B) | ($487.0M) |
| Capital expenditures | ($3.0B) | ($2.6B) | ($2.3B) | ($1.6B) |
| Proceeds from sale of investment (Note 3) | $382.0M | — | — | — |
| Contributions to investments | ($178.0M) | ($121.0M) | ($212.0M) | ($229.0M) |
| Distributions from equity investments in excess of cumulative earnings | $330.0M | $177.0M | $228.0M | $156.0M |
| Other, net | ($39.0M) | $6.0M | ($4.0M) | $0 |
| Net Cash Used in Investing Activities | ($3.2B) | ($2.6B) | ($4.2B) | ($2.2B) |
| Issuances of debt | $10.0B | $10.4B | $7.6B | $9.1B |
| Payments of debt | ($10.1B) | ($10.6B) | ($7.4B) | ($9.7B) |
| Debt issue costs | ($20.0M) | ($33.0M) | ($20.0M) | ($25.0M) |
| Dividends (Note 10) | ($2.6B) | ($2.6B) | ($2.5B) | ($2.5B) |
| Repurchases of shares (Note 10) | 0 | -7.0M | -522.0M | -368.0M |
| Contributions from noncontrolling interests | $0 | $0 | $3.0M | — |
| Distributions to noncontrolling interests | ($153.0M) | ($154.0M) | ($151.0M) | ($116.0M) |
| Other, net | ($29.0M) | ($20.0M) | ($29.0M) | ($14.0M) |
| Net Cash Used in Financing Activities | ($2.8B) | ($2.9B) | ($3.0B) | ($3.1B) |
| Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Deposits | $0 | ($1.0M) | — | $0 |
| Net (Decrease) Increase in Cash, Cash Equivalents, and Restricted Deposits | ($105.0M) | $118.0M | ($698.0M) | ($353.0M) |
| Cash, Cash Equivalents, and Restricted Deposits, beginning of period | $214.0M | $96.0M | $794.0M | $1.1B |
| Cash, Cash Equivalents, and Restricted Deposits, end of period | $109.0M | $214.0M | $96.0M | $794.0M |
| Cash and Cash Equivalents, beginning of period | $88.0M | $83.0M | $745.0M | $1.1B |
| Cash and Cash Equivalents, end of period | $63.0M | $88.0M | $83.0M | $745.0M |
| Restricted Deposits, beginning of period | $126.0M | $13.0M | $49.0M | $7.0M |
| Restricted Deposits, end of period | $46.0M | $126.0M | $13.0M | $49.0M |
| ROU assets and operating lease obligations recognized (Note 16) | $25.0M | $36.0M | $56.0M | $22.0M |
| Assets contributed to equity investment | $0 | $0 | $16.0M | — |
| Line item | Sep 30, 2026 · YTD | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $2.7B | $1.9B | $1.0B | $2.1B |
| Depreciation, depletion, and amortization | $1.9B | $1.3B | $633.0M | $1.8B |
| Deferred income taxes | $770.0M | $576.0M | $281.0M | $512.0M |
| Change in fair value of derivative contracts | $25.0M | $13.0M | $86.0M | $14.0M |
| Gain on divestitures, net (Note 2) | ($70.0M) | — | — | ($3.0M) |
| Earnings from equity investments | ($710.0M) | ($479.0M) | ($254.0M) | ($647.0M) |
| Distributions of equity investment earnings | $575.0M | $363.0M | $150.0M | $585.0M |
| Accounts receivable | $123.0M | $157.0M | $131.0M | $75.0M |
| Inventories | ($46.0M) | $12.0M | ($19.0M) | ($5.0M) |
| Other current assets | ($17.0M) | ($34.0M) | ($56.0M) | $13.0M |
| Accounts payable | ($13.0M) | ($85.0M) | ($172.0M) | ($30.0M) |
| Accrued interest, net of interest rate swaps | ($166.0M) | ($18.0M) | ($192.0M) | ($181.0M) |
| Accrued taxes | $33.0M | ($40.0M) | ($58.0M) | $19.0M |
| Other current liabilities | $129.0M | $2.0M | $27.0M | ($26.0M) |
| Other, net | ($158.0M) | ($164.0M) | ($67.0M) | ($75.0M) |
| Net Cash Provided by Operating Activities | $5.0B | $3.5B | $1.5B | $4.2B |
| Acquisition of assets, net of cash acquired (Note 2) | ($503.0M) | ($503.0M) | $0 | ($648.0M) |
| Capital expenditures | ($2.8B) | ($1.8B) | ($804.0M) | ($2.2B) |
| Net proceeds (cost of removal) from sales of assets (Note 2) | ($54.0M) | — | — | — |
| Contributions to investments | ($239.0M) | ($142.0M) | ($53.0M) | ($103.0M) |
| Distributions from equity investments in excess of cumulative earnings | $138.0M | $96.0M | $46.0M | $269.0M |
| Net Cash Used in Investing Activities | ($3.4B) | ($2.4B) | ($803.0M) | ($2.7B) |
| Issuances of debt | $6.4B | $4.0B | $1.9B | $8.4B |
| Payments of debt | ($5.1B) | ($3.7B) | ($1.9B) | ($7.9B) |
| Debt issue costs | ($26.0M) | ($10.0M) | ($3.0M) | ($18.0M) |
| Dividends | ($2.0B) | ($1.3B) | ($654.0M) | ($1.9B) |
| Distributions to noncontrolling interests | ($119.0M) | ($77.0M) | ($37.0M) | ($122.0M) |
| Other, net | ($33.0M) | ($20.0M) | $8.0M | ($14.0M) |
| Net Cash Used in Financing Activities | ($826.0M) | ($1.1B) | ($617.0M) | ($1.6B) |
| Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Deposits | $834.0M | $10.0M | $71.0M | ($81.0M) |
| Cash, Cash Equivalents and Restricted Deposits, beginning of period | $109.0M | $109.0M | $109.0M | $214.0M |
| Cash, Cash Equivalents and Restricted Deposits, end of period | $943.0M | $119.0M | $180.0M | $133.0M |
| ROU assets and operating lease obligations recognized including adjustments | $91.0M | $45.0M | $33.0M | $17.0M |
| Equity investment interest received from sale of assets (Note 2) | $55.0M | — | — | — |
| Net increase in property, plant, and equipment from both accruals and contractor retainage | $191.0M | $242.0M | $133.0M | — |
| Cash paid during the period for interest (net of capitalized interest) | $1.5B | $879.0M | $623.0M | $1.5B |
| Cash (refund) paid during the period for income taxes, net | ($11.0M) | ($11.0M) | ($3.0M) | $43.0M |
Kinder Morgan Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.