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Kinder Morgan KMI Q2 2025 earnings

Reported July 16, 2025 · After market close

Revenue$4.0BBeat by $213.4M
EPS$0.28Beat by $0.00
Revenue estimate$3.8B
EPS estimate$0.28

Next report

Oct 28, 2026 (In 3 weeks)
Revenue estimate$4.4B
EPS estimate$0.32

Financials

Q2 2025

Income statement

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Revenue$4.0B+13.2%
Gross profit$2.8B+8.7%
Operating income$1.2B+11.0%
Net income$715.0M+24.3%
EPS (diluted)$0.32+23.1%

Balance sheet

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Cash & equivalents$82.0M-16.3%
Total debt$31.9B+11.2%
Total equity$30.8B+1.4%
Total assets$72.4B+2.4%

Cash flow

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Operating cash flow$1.6B-2.3%
CapEx$647.0M+11.4%
Free cash flow$1.0B-9.4%

Valuation & ratios

Valuation

as of 06/30/25
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Market cap$63.44B+43.8%
Enterprise value$95.23B+31.1%
P/E23.3×+5.3×
P/S4×+1.1×

Profitability

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Gross margin69%+0.4pp
Operating margin27.7%-0.3pp
Net margin17.1%+1.1pp
FCF margin17.1%-9.0pp

Returns & leverage

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Return on equity8.9%+0.9pp
Debt / equity1×+0.1×
Current ratio0.7×+0.3×

Segments

By product

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Total Services Revenue$2.0B+6.5%
Firm Services$1.3B+9.3%
Natural Gas Sales$879.0M+79.4%
Product Other Than Natural Gas$740.0M-16.2%
Feebasedservices$666.0M+1.4%

By segment

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Natural Gas Pipelines$2.5B+27.2%
Products Pipelines$691.0M-11.0%
Terminals$533.0M+4.7%
Co2$290.0M-5.2%

By geography

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US$4.2B+12.4%
MX$2.8M-74.4%

FAQ

When did Kinder Morgan report Q2 2025 earnings?
Kinder Morgan (KMI) reported Q2 2025 earnings on July 16, 2025 after market close.
What were Kinder Morgan's Q2 2025 revenue and EPS?
Kinder Morgan reported revenue of $4.0B and eps of $0.28 for Q2 2025.
Did Kinder Morgan beat estimates in Q2 2025?
Revenue beat the consensus estimate of $3.8B by $213.4M. EPS beat the consensus estimate of $0.28 by $0.00.
How did Kinder Morgan's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 12.4% from $3.6B a year earlier and eps grew 12.0% from $0.25.
Where can I find Kinder Morgan's Q2 2025 SEC filings?
You can read the 8-K earnings release (0001506307-25-000042) and the 10-Q periodic report (0001506307-25-000045) directly on SEC EDGAR. The filing index links above go to sec.gov.