Empire Petroleum Product — Revenue increased by 15.5% to $2.28B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 23.3%, from $1.85B to $2.28B. Over 4 years (FY 2021 to FY 2025), Product — Revenue shows a downward trend with a -6.8% CAGR.
An increase suggests higher commodity prices or increased trading volumes, while a decrease indicates lower market prices or reduced merchant activity. Because these revenues are often volatile, they are typically viewed as a secondary income stream compared to stable, fee-based pipeline contracts.
This metric represents the gross revenue generated from the direct sale of physical energy commodities, such as natural...
Peers in the midstream sector often report this as 'marketing' or 'commodity sales' revenue, which is typically distinguished from 'gathering and processing' or 'transportation' fees to highlight the difference between market-exposed and contract-based cash flows.
kmi_segment_commodity_sales_revenues| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.33B | $2.00B | $2.42B | $2.35B | $3.30B | $3.18B | $2.42B | $1.79B | $1.42B | $1.79B | $1.79B | $1.52B | $1.37B | $1.44B | $1.62B | $1.85B | $1.67B | $1.76B | $1.98B | $2.28B |
| QoQ Change | — | +50.2% | +21.2% | -3.1% | +40.8% | -3.6% | -23.9% | -26.3% | -20.4% | +25.8% | +0.3% | -15.2% | -9.7% | +5.0% | +12.6% | +14.1% | -9.9% | +5.4% | +12.5% | +15.5% |
| YoY Change | — | — | — | — | +148.5% | +59.4% | +0.1% | -23.9% | -57.0% | -43.8% | -26.0% | -14.8% | -3.4% | -19.4% | -9.5% | +21.8% | +21.5% | +22.0% | +21.8% | +23.3% |