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Kinder Morgan KMI Feebasedservices — Revenues from customers

Other product segments

Service
$8.06B+6.7%
Oil And Gas Service
$2.36B
Total Services Revenue
$2.17B+7.8%
Firm Services
$1.46B+8.8%
Natural Gas Sales
$1.45B+46.3%
Product Other Than Natural Gas
$786M-4.1%
Other sales
$44M+15.8%

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WESService Fee Based — Revenue
$933.3M+13.4%
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WESService Revenues - Fee Based — Total revenues and other
$933.3M+13.4%
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PAAServices revenues — Total revenues
$38M+5.6%
EQT Corporation logo
EQTUsage Fees Under Firm Contracts — Revenues Excluding Gain Losson Derivatives
$13.99M
EQT Corporation logo
EQTFirm Reservation Fee Revenue — Other Income Excluding Gain Losson Derivatives
$0
MPLX logo
MPLXService — Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties
$1.09B+2.3%

Other financials

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

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Market cap$70.28B+17.7%
Enterprise value$100.08B+11.9%
P/E21.2×-1.9×
P/S+0.2×

Profitability

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

Returns & leverage

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

Where this comes from

Reported directly by Kinder Morgan in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Kinder Morgan’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Kinder Morgan's feebasedservices — revenues from customers?
Kinder Morgan (KMI) reported feebasedservices — revenues from customers of $707M in Q1 2026.
How has Kinder Morgan's feebasedservices — revenues from customers changed year-over-year?
Kinder Morgan's feebasedservices — revenues from customers increased by 5.8% year-over-year, from $668M to $707M.
What is the long-term trend for Kinder Morgan's feebasedservices — revenues from customers?
Over 4 years (2021 to 2025), Kinder Morgan's feebasedservices — revenues from customers has grown at a 6.5% compound annual growth rate (CAGR), from $2.11B to $2.72B.
What does feebasedservices — revenues from customers mean?
Revenue earned from providing energy infrastructure services under fixed-fee contracts that are largely independent of commodity price changes.
How do you interpret feebasedservices — revenues from customers?
An increase indicates growth in contracted capacity or successful expansion of infrastructure assets, while a decrease may signal contract expirations, reduced throughput demand, or pricing pressure on service renewals.
How does feebasedservices — revenues from customers compare across companies?
Peers in the midstream energy sector often report this as 'fee-based EBITDA' or 'take-or-pay revenue,' which is widely used as a benchmark for cash flow stability and credit quality.