Kinder Morgan
Kinder Morgan is a leading energy infrastructure company that operates a vast network of pipelines and terminals across North America. The company specializes in the transportation, storage, and handling of natural gas, refined petroleum products, crude oil, and carbon dioxide. Its core value proposition centers on providing critical midstream services that connect energy producers with end-use markets through long-term, fee-based contracts.
Financials
Based on Q1 2026 filing
Revenue
View metricGross Profit
View metricNet Income
View metricOperating Cash Flow
View metricFree Cash Flow
View metricEPS (Diluted)
View metricBusiness Segments
Natural Gas Pipelines
primaryThis segment focuses on the transportation and storage of natural gas and renewable natural gas (RNG) through an extensive interstate and intrastate pipeline network. It serves as a critical link between major supply basins and demand centers like power plants and local distribution companies.
Natural Gas Transportation, Natural Gas Storage, Renewable Natural Gas (RNG)
Electric Utilities, Local Distribution Companies, Industrial Users, Energy Producers
Products Pipelines
majorOperates pipelines and terminals that transport and store refined petroleum products, including gasoline, diesel, and jet fuel, as well as crude oil and natural gas liquids (NGLs).
Refined Petroleum Products, Crude Oil, Natural Gas Liquids (NGL), Transmix
Refiners, Wholesalers, Marketers, Airlines
Terminals
moderateProvides handling and storage services for bulk and liquid commodities, including chemicals, ethanol, and metals, at strategic port and inland locations.
Liquid Storage, Bulk Material Handling, Renewable Identification Numbers (RINs)
Chemical Companies, Commodity Traders, Industrial Manufacturers
CO2
moderateProduces, transports, and markets carbon dioxide for use in enhanced oil recovery (EOR) projects and produces crude oil from its own EOR interests.
Carbon Dioxide (CO2), Crude Oil Production
Oil Producers, Industrial CO2 Users
Segment Financials
Natural Gas Pipelines — Fuel and power
View metricNatural Gas Pipelines — Total Assets
View metricNatural Gas Pipelines — Costs of sales (exclusive of items shown separately below)
View metricProducts Pipelines — Fuel and power
View metricProducts Pipelines — Total Assets
View metricProducts Pipelines — Costs of sales (exclusive of items shown separately below)
View metricTerminals — Costs of sales (exclusive of items shown separately below)
View metricTerminals — Total Assets
View metricTerminals — Fuel and power
View metricCO2 — Costs of sales (exclusive of items shown separately below)
View metricCO2 — Fuel and power
View metricCO2 — Revenue Not from Contract with Customer
View metricBusiness Overview
Competitive Position
One of the largest energy infrastructure companies in North America, maintaining a dominant position in natural gas transportation and independent terminal operations.
Geographies
United States, Canada, Mexico
Customer Segments
Utilities, Industrial, Energy Producers, Refiners
Upstream Dependencies
Oil and gas exploration and production companies, Steel and pipeline manufacturers, Energy equipment suppliers
Downstream Customers
Power generation facilities, Local gas distribution utilities, Refineries, Industrial manufacturing plants, Export facilities
Competitors & Partners
Competitors
Enterprise Products Partners
EPD
Major diversified midstream competitor
Williams Companies
WMB
Primary competitor in natural gas transportation
Energy Transfer
ET
Competitor in midstream logistics and storage
Enbridge
ENB
Large-scale North American pipeline operator
MPLX
MPLX
Competitor in natural gas and liquids transportation.
Oneok
OKE
Competitor in natural gas pipeline and terminaling services
Targa Resources
TRGP
Competitor in natural gas pipeline infrastructure
Loews
L
Competitor in natural gas pipeline transportation and storage
Partners
Outrigger Energy
Acquired assets from this entity in February 2025 to expand midstream operations
Subsidiaries
EagleHawk
Former equity interest divested in 2025
Kinder Morgan FAQ
Common questions about Kinder Morgan
Kinder Morgan is a leading energy infrastructure company that operates a vast network of pipelines and terminals across North America. The company specializes in the transportation, storage, and handling of natural gas, refined petroleum products, crude oil, and carbon dioxide. Its core value proposition centers on providing critical midstream services that connect energy producers with end-use markets through long-term, fee-based contracts.
Kinder Morgan (KMI) has a market capitalization of $74.5B and trades on NYSE.
Kinder Morgan generated $17.5B in trailing twelve-month revenue with net income of $3.3B, representing a net margin of 18.9%. Gross margin stands at 66.9%, with free cash flow of $3.2B. These figures are based on the Q1 2026 filing.
Kinder Morgan's key competitors include Enterprise Products Partners L.P., Williams Companies, Inc., Energy Transfer LP, and others. These companies compete in similar markets and product categories.
Kinder Morgan has approximately 10,891 employees.