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Kinder Morgan KMI CO2 — Unrealized Gain (Loss) on Derivatives

Other segment segments

Natural Gas Pipelines
$60M-32.6%
Products Pipelines
$4M
Terminals
$1M

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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:UnrealizedGainLossOnDerivatives.

The source filing: Kinder Morgan’s 10-Q, filed July 24, 2026.

Filed
Jul 24, 2026, 4:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001506307-26-000085

(c)Includes non-cash risk management activities amounts for the three and six months ended June 30, 2026 of $60 million and $(15) million, $4 million and $(1) million, $1 million and none, and $19 million and $(2) million, respectively, for our Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 business segments, respectively.

Item 1. Financial Statements (Unaudited)

FAQ

What is Kinder Morgan's CO2 — unrealized gain (loss) on derivatives?
Kinder Morgan (KMI) reported CO2 — unrealized gain (loss) on derivatives of $19M in Q2 2026.
How has Kinder Morgan's CO2 — unrealized gain (loss) on derivatives changed year-over-year?
Kinder Morgan's CO2 — unrealized gain (loss) on derivatives increased by 280.0% year-over-year, from $5M to $19M.
What is the long-term trend for Kinder Morgan's CO2 — unrealized gain (loss) on derivatives?
Over 3 years (2022 to 2025), Kinder Morgan's CO2 — unrealized gain (loss) on derivatives has grown at a -28.6% compound annual growth rate (CAGR), from $11M to $4M.
What does CO2 — unrealized gain (loss) on derivatives mean?
The change in value of derivative contracts held by the CO2 segment that have not yet been settled. These instruments are typically used to hedge against price volatility in energy commodities.

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