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Kinder Morgan KMI Q2 2026 earnings

Reported July 22, 2026

Revenue$4.5BBeat by $252.7M
EPS$0.37Beat by $0.05
Revenue estimate$4.2B
EPS estimate$0.32
“Our fee-based business model, strategically located network of assets, and portfolio of long-term contracts with financially strong customers continue to support stable and predictable cash flows,”
Management

Next report

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

Financials

Q2 2026

Income statement

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Revenue$4.5B+10.8%
Gross profit$3.1B+8.5%
Operating income$1.3B+16.8%
Net income$867.0M+21.3%
EPS (diluted)$0.39+21.9%

Balance sheet

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Cash & equivalents$89.0M+8.5%
Total debt$32.2B+1.2%
Total equity$31.6B+2.8%
Total assets$74.1B+2.3%

Cash flow

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Operating cash flow$2.0B+18.9%
CapEx$982.0M+51.8%
Free cash flow$978.0M-2.4%

Valuation & ratios

Valuation

as of 10/02/26
See full
Market cap$67.98B+8.4%
Enterprise value$100.14B+6.4%
P/E19.6×-3.4×
P/S3.8×0.0×

Profitability

See full
Gross margin66.6%-2.4pp
Operating margin29%+1.4pp
Net margin19.3%+2.2pp
FCF margin17.6%+0.5pp

Returns & leverage

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Return on equity11.1%+2.2pp
Debt / equity1×0.0×
Current ratio0.5×-0.2×

Segments

By product

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Oil And Gas Service$2.5B—
Total Services Revenue$2.1B+7.0%
Firm Services$1.4B+5.6%
Product Other Than Natural Gas$1.2B+57.0%
Natural Gas Sales$806.0M-8.3%

By segment

See full
Natural Gas Pipelines$2.7B+5.3%
Products Pipelines$902.0M+30.5%
Terminals$558.0M+4.7%
Co2$387.0M+33.4%

FAQ

When did Kinder Morgan report Q2 2026 earnings?
Kinder Morgan (KMI) reported Q2 2026 earnings on July 22, 2026.
What were Kinder Morgan's Q2 2026 revenue and EPS?
Kinder Morgan reported revenue of $4.5B and eps of $0.37 for Q2 2026.
Did Kinder Morgan beat estimates in Q2 2026?
Revenue beat the consensus estimate of $4.2B by $252.7M. EPS beat the consensus estimate of $0.32 by $0.05.
How did Kinder Morgan's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.8% from $4.0B a year earlier and eps grew 32.1% from $0.28.
Where can I find Kinder Morgan's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001506307-26-000063) and the 10-Q periodic report (0001506307-26-000085) directly on SEC EDGAR. The filing index links above go to sec.gov.