Business Segments · Derivatives adjustments on commodity sales
Natural Gas Pipelines — Derivatives adjustments on commodity sales
Kinder Morgan Natural Gas Pipelines — Derivatives adjustments on commodity sales decreased by 83.3% to $12M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 500.0%, from -$3M to $12M. Over 2 years (FY 2023 to FY 2025), Natural Gas Pipelines — Derivatives adjustments on commodity sales shows a downward trend with a -42.0% CAGR.
Analysis
StatementSegment
CategoryRisk
SignalContext dependent
VolatilityVolatile
First reportedQ1 2020
Last reportedQ1 2026Apr 24, 2026
How to read this metric
Positive adjustments indicate effective hedging gains, while negative adjustments reflect hedging losses or market price impacts.
Detailed definition
This represents the impact of financial derivative instruments used to hedge commodity price exposure related to natural...
Peer comparison
Standard in energy companies with commodity price exposure, often labeled as 'Hedging Gains/Losses' or 'Derivative Adjustments'.
Metric ID:
kmi_segment_natural_gas_pipelines_derivatives_adjustments_on_commodity_salesHistorical Data
17 periods
| Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$71M | -$39M | -$81M | -$12M | $107M | $40M | $49M | $89M | $42M | $5M | $34M | $32M | -$3M | $9M | $18M | $72M | $12M |
| QoQ Change | — | +45.1% | -107.7% | +85.2% | +991.7% | -62.6% | +22.5% | +81.6% | -52.8% | -88.1% | +580.0% | -5.9% | -109.4% | +400.0% | +100.0% | +300.0% | -83.3% |
| YoY Change | — | — | — | +83.1% | +374.4% | +149.4% | +508.3% | — | -60.7% | -87.5% | -30.6% | -64.0% | -107.1% | +80.0% | -47.1% | +125.0% | +500.0% |
Range-$81M – $107M
CAGR-35.9%
Avg YoY Growth+109.5%
Median YoY Growth+80.0%
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Frequently Asked Questions
- What is Kinder Morgan's natural gas pipelines — derivatives adjustments on commodity sales?
- Kinder Morgan (KMI) reported natural gas pipelines — derivatives adjustments on commodity sales of $12M in Q1 2026.
- How has Kinder Morgan's natural gas pipelines — derivatives adjustments on commodity sales changed year-over-year?
- Kinder Morgan's natural gas pipelines — derivatives adjustments on commodity sales increased by 500.0% year-over-year, from -$3M to $12M.
- What is the long-term trend for Kinder Morgan's natural gas pipelines — derivatives adjustments on commodity sales?
- Over 2 years (2023 to 2025), Kinder Morgan's natural gas pipelines — derivatives adjustments on commodity sales has grown at a -42.0% compound annual growth rate (CAGR), from $285M to $96M.
- What does natural gas pipelines — derivatives adjustments on commodity sales mean?
- Adjustments to revenue resulting from financial hedges used to manage natural gas price volatility.