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Kinder Morgan

KMI

Kinder Morgan is a leading energy infrastructure company that operates a vast network of pipelines and terminals across North America.

Market cap
$72.26B+14.4%
Revenue$17.5B+13.1%
Net income$3.3B+28.3%
Free cash flow$3.2B+12.4%
EPS (diluted)$1.49+28.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 15, 2026 (In 5 days)
Revenue estimate$4.2B
EPS estimate$0.31

Financials

Q1 2026

Income statement

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Revenue$4.8B+13.8%
Gross profit$3.1B+11.4%
Operating income$1.4B+26.1%
Net income$976.0M+36.1%
EPS (diluted)$0.44+37.5%

Balance sheet

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Cash & equivalents$72.0M-10.0%
Total debt$29.9B-0.3%
Total equity$31.3B+2.3%
Total assets$73.1B+1.0%

Cash flow

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Operating cash flow$1.5B+28.3%
CapEx$804.0M+5.0%
Free cash flow$687.0M+73.5%

Valuation & ratios

Valuation

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Market cap$72.28B+14.4%
Enterprise value$102.08B+7.5%
P/E21.8×-1.4×
P/S4.1×+0.2×

Profitability

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Gross margin66.9%-2.7pp
Operating margin28.7%+0.9pp
Net margin18.9%+2.2pp
FCF margin18.2%-0.1pp

Returns & leverage

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Return on equity10.7%+2.2pp
Debt / equity0.0×
Current ratio0.5×+0.1×

Segments

By product

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Total Services Revenue$2.2B+7.8%
Firm Services$1.5B+8.8%
Natural Gas Sales$1.5B+46.3%
Product Other Than Natural Gas$786.0M-4.1%
Feebasedservices$707.0M+5.8%

By segment

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Natural Gas Pipelines$3.3B+19.7%
Products Pipelines$687.0M+3.6%
Terminals$565.0M+9.1%
Co2$305.0M-2.2%

Competitors

Profile

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.

Competitive position

One of the largest energy infrastructure companies in North America, maintaining a dominant position in natural gas transportation and independent terminal operations.

GeographiesUnited States, Canada, Mexico
Customer segmentsUtilities, Industrial, Energy Producers, Refiners
Business modelFee-for-service, Take-or-pay contracts, Commodity sales
SuppliersOil and gas exploration and production companies, Steel and pipeline manufacturers, Energy equipment suppliers
CustomersPower generation facilities, Local gas distribution utilities, Refineries, Industrial manufacturing plants, Export facilities
Listed2011
Employees10.9K
CEOKimberly Allen Dang
SectorEnergy
FilingsSEC EDGAR

Questions, answered.

What is Kinder Morgan's market cap?
Kinder Morgan (KMI) has a market capitalization of $72.3B and trades on NYSE.
What is Kinder Morgan's revenue and profitability?
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.
Who are Kinder Morgan's competitors?
Kinder Morgan's key competitors include Enterprise Products Partners L.P., Enbridge Inc., Energy Transfer LP, and others. These companies compete in similar markets and product categories.
Who does Kinder Morgan partner with?
Kinder Morgan's notable partners include Outrigger Energy.
What subsidiaries does Kinder Morgan have?
Kinder Morgan's subsidiaries include EagleHawk.
Where is Kinder Morgan headquartered?
Kinder Morgan is headquartered in United States of America and employs approximately 10,891 people. It has been publicly traded since 2011.