KINDER MORGAN, INC.

Listed Company

KMICIK 0001506307NYSELarge AcceleratedNatural Gas TransmissionDelawareFY ends Dec 31

Period

FY 2025

Revenue

$16.94B

Net Income

$3.06B

Total Assets

$72.75B

Equity

$31.16B

Shares Out

2.22B

Op. Cash Flow

$5.92B

KMI$32.30+17.41% · past yearDBEQ Basic

Daily closing prices

Business

KINDER MORGAN, INC. operates energy infrastructure primarily focused on transportation, storage and marketing of energy commodities. The company offers pipeline transportation for natural gas, refined petroleum products, crude oil, condensate, CO2 and renewable fuels, terminal storage and handling, natural gas gathering, processing and treating, LNG and regasification services, CO2 supply for enhanced oil recovery, and RNG generation. Its key business segments include Natural Gas Pipelines, Products Pipelines, Terminals, Midstream services and a CO2 segment. Kinder Morgan distributes services across North America through interstate and intrastate pipeline networks, terminals, marine vessels and joint ventures.

Summary from filing dated 2025-02-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	16,937	15,100	15,334	19,200	16,610
Costs of sales (exclusive of items shown separately below)	5,529	4,337	4,938	9,255	6,493
Operations and maintenance	3,057	2,972	2,807	2,655	2,368
Depreciation, depletion, and amortization	2,453	2,354	2,250	2,186	2,135
General and administrative	744	712	668	637	655
Taxes, other than income taxes	445	433	421	441	426
Other income, net	−15	−92	−13	−39	−7
Total Operating Costs, Expenses, and Other	12,213	10,716	11,071	15,135	13,694
Operating Income	4,724	4,384	4,263	4,065	2,916
Earnings from equity investments	896	840	772	803	591
Interest, net	−1,801	−1,844	−1,797	−1,513	−1,492
Other, net (Note 3)	173	27	−37	55	282
Total Other Expense	−732	−977	−1,062	−730	−697
Income Before Income Taxes	3,992	3,407	3,201	3,335	2,219
Income Tax Expense	−832	−687	−715	−710	−369
Net Income	3,160	2,720	2,486	2,625	1,850
Net Income Attributable to Noncontrolling Interests	−104	−107	−95	−77	−66
Net Income Attributable to Kinder Morgan, Inc.	3,056	2,613	2,391	2,548	1,784
Basic Earnings Per Share	1.37	1.17	1.06	1.12	0.78
Diluted Earnings Per Share	1.37	1.17	1.06	1.12	0.78
Basic Weighted Average Shares Outstanding	2,223	2,220	2,234	2,258	2,266
Diluted Weighted Average Shares Outstanding	2,223	2,220	2,234	2,258	2,266

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	63	88	83	745	1,140
Restricted deposits	46	126	13	49	7
Accounts receivable	1,714	1,506	1,588	1,840	1,611
Inventories	574	555	525	634	562
Other current assets	357	246	333	304	289
Total current assets	2,754	2,521	2,542	3,803	3,829
Property, plant, and equipment, net	39,331	38,013	37,297	35,599	35,653
Investments	7,532	7,845	7,874	7,653	7,578
Goodwill	20,084	20,084	20,121	19,965	19,914
Other intangibles, net	1,730	1,760	1,957	1,809	1,678
Deferred charges and other assets	1,317	1,184	1,229	1,249	1,649
Total Assets	72,748	71,407	71,020	70,078	70,416
Current portion of debt	1,226	2,009	4,049	3,385	2,646
Accounts payable	1,408	1,395	1,366	1,444	1,259
Accrued interest	534	543	513	515	504
Accrued taxes	256	276	272	264	270
Other current liabilities	898	878	1,021	857	964
Total current liabilities	4,322	5,101	7,221	6,930	5,821
Outstanding	30,597	29,779	27,880	28,288	29,772
Debt fair value adjustments	180	102	187	115	902
Total long-term debt	30,777	29,881	28,067	28,403	30,674
Deferred income taxes	2,891	2,070	1,388	623	0
Other long-term liabilities and deferred credits	2,309	2,488	2,615	2,008	2,000
Total long-term liabilities and deferred credits	35,977	34,439	32,070	31,034	32,674
Total Liabilities	40,299	39,540	39,291	37,964	38,495
Commitments and contingencies (Notes 8, 12, 16 and 17)	—	—	—	—	—
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	22	22	22	23
Additional paid-in capital	41,276	41,237	41,190	41,673	41,806
Accumulated deficit	−10,181	−10,633	−10,689	−10,551	−10,595
Accumulated other comprehensive income (loss)	45	−95	−217	−402	−411
Total Kinder Morgan, Inc.s stockholders equity	31,162	30,531	30,306	30,742	30,823
Noncontrolling interests	1,287	1,336	1,423	1,372	1,098
Total Stockholders Equity	32,449	31,867	31,729	32,114	31,921
Total Liabilities and Stockholders Equity	72,748	71,407	71,020	70,078	70,416

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred income taxes	780	647	710	692	355
Change in fair value of derivative contracts	−23	72	−126	56	20
Gain on divestitures, net	−6	−74	−15	−32	—
Gain on sale of interest in equity investment (Note 3)	−123	0	0	0	−206
Distributions of equity investment earnings	805	823	755	725	720
Pension contributions net of noncash pension benefit expenses	−10	9	77	−50	−39
Accounts receivable	−192	52	301	−220	−265
Inventories	−21	−12	188	−183	−202
Other current assets	−9	−46	108	−51	−109
Accounts payable	96	−5	−201	161	387
Accrued interest, net of interest rate swaps	−13	43	−13	50	−17
Accrued taxes	−15	5	2	−5	2
Other current liabilities	41	−48	−79	11	—
Change in deferred revenues	5	−58	870	−24	−28
Other, net	−115	−7	−50	−56	−112
Net Cash Provided by Operating Activities	5,917	5,635	6,491	4,967	5,708
Acquisitions of assets and investments, net of cash acquired (Note 3)	−648	−62	−1,842	−487	−1,547
Capital expenditures	−3,026	−2,629	−2,317	−1,621	−1,281
Proceeds from sale of investment (Note 3)	382	0	0	—	—
Contributions to investments	−178	−121	−212	−229	−38
Distributions from equity investments in excess of cumulative earnings	330	177	228	156	163
Other, net	−39	6	−32	6	−8
Net Cash Used in Investing Activities	−3,179	−2,629	−4,175	−2,175	−2,305
Issuances of debt	10,017	10,441	7,590	9,058	5,959
Payments of debt	−10,054	−10,557	−7,356	−9,735	−6,831
Debt issue costs	−20	−33	−20	−25	−27
Dividends (Note 10)	−2,604	−2,557	−2,529	−2,504	−2,443
Repurchases of shares (Note 10)	0	−7	−522	−368	0
Contributions from noncontrolling interests	0	0	3	2	4
Distributions to noncontrolling interests	−153	−154	−151	−116	−20
Other, net	−29	−20	−29	−14	−25
Net Cash Used in Financing Activities	−2,843	−2,887	−3,014	−3,145	−3,465
Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Deposits	0	−1	0	0	0
Net (Decrease) Increase in Cash, Cash Equivalents, and Restricted Deposits	−105	118	−698	−353	−62
Net increase in property, plant, and equipment from both accruals and contractor retainage	—	50	120	72	74
ROU assets and operating lease obligations recognized (Note 16)	25	36	56	22	59
Assets contributed to equity investment	0	0	16	0	0
Cash paid during the period for interest (net of capitalized interest)	1,811	1,816	1,844	1,460	1,529
Cash paid during the period for income taxes, net	47	33	11	13	10

Filings

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Frequently asked questions

What is KINDER MORGAN, INC.'s CIK number?

KINDER MORGAN, INC.'s SEC CIK number is 0001506307 (1506307). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find KINDER MORGAN, INC.'s SEC filings?

All of KINDER MORGAN, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did KINDER MORGAN, INC. last report earnings?

KINDER MORGAN, INC. (KMI) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001506307-26-000033). This is KINDER MORGAN, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is KINDER MORGAN, INC.'s most recent earnings 8-K?

KINDER MORGAN, INC.'s latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0001506307-26-000033. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View KINDER MORGAN, INC.'s latest earnings 8-K →
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