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Kinder Morgan KMI CO2 — Goodwill, Impaired, Accumulated Impairment Loss

Other segment segments

Natural Gas Pipelines
$4.24B0.0%
Products Pipelines
$1.27B0.0%
Terminals
$679M0.0%

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Other financials

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

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Market cap$71.66B+14.0%
Enterprise value$103.82B+9.7%
P/E20.7×-2.4×
P/S+0.1×

Profitability

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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 / equity0.0×
Current ratio0.5×-0.2×

Where this comes from

Reported directly by Kinder Morgan in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairedAccumulatedImpairmentLoss.

The source filing: Kinder Morgan’s 10-K, filed February 13, 2026.

Filed
Feb 13, 2026, 4:11 PM EST
Fiscal year
FY2025
Accession
0001506307-26-000011
Line itemNatural Gas PipelinesProducts PipelinesTerminalsCO2Total
January 1, 2024$16,748$1,529$802$1,042$20,121
Acquisition(a)(28)(28)
Divestiture(b)(9)(9)
December 31, 2024 and 2025$16,720$1,529$802$1,033$20,084
Accumulated impairment losses as of December 31, 2025(c)$(4,240)$(1,267)$(679)$(600)$(6,786)

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Kinder Morgan's CO2 — goodwill, impaired, accumulated impairment loss?
Kinder Morgan (KMI) reported CO2 — goodwill, impaired, accumulated impairment loss of $600M in Q4 2025.
What does CO2 — goodwill, impaired, accumulated impairment loss mean?
The total cumulative amount of impairment charges recognized against goodwill in this segment due to a decline in the fair value of the reporting unit. This indicates that the expected future cash flows from the acquired assets are lower than originally anticipated. It serves as a signal of potential overpayment for past acquisitions or deteriorating market conditions.

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