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Kinder Morgan KMI Natural Gas Pipelines — Depreciation, depletion, and amortization

Other segment segments

Terminals
$130M+0.8%
CO2
$94M+6.8%
Products Pipelines
$85M-12.4%

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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:DepreciationDepletionAndAmortization.

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
Line itemReportable Segments / Natural Gas PipelinesReportable Segments / Products PipelinesReportable Segments / TerminalsReportable Segments / CO2Corporate and EliminationsTotal
DD&A(620)
General and administrative and corporate charges(188)
Interest, net(d)(425)
Income tax expense(272)
Net income$894
Other segment activity information:
DD&A$305$85$130$94$6$620
Capital expenditures79738696810982

Item 1. Financial Statements (Unaudited)

FAQ

What is Kinder Morgan's natural gas pipelines — depreciation, depletion, and amortization?
Kinder Morgan (KMI) reported natural gas pipelines — depreciation, depletion, and amortization of $305M in Q2 2026.
How has Kinder Morgan's natural gas pipelines — depreciation, depletion, and amortization changed year-over-year?
Kinder Morgan's natural gas pipelines — depreciation, depletion, and amortization increased by 3.7% year-over-year, from $294M to $305M.
What is the long-term trend for Kinder Morgan's natural gas pipelines — depreciation, depletion, and amortization?
Over 4 years (2021 to 2025), Kinder Morgan's natural gas pipelines — depreciation, depletion, and amortization has grown at a 1.6% compound annual growth rate (CAGR), from $1.1B to $1.17B.
What does natural gas pipelines — depreciation, depletion, and amortization mean?
This represents the non-cash expense allocated to the natural gas pipeline segment to account for the wear and tear of physical assets and the amortization of intangible assets over time. It is a critical component for calculating EBITDA and understanding the capital intensity of the pipeline network. High levels reflect a large, asset-heavy infrastructure base.

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