What is Kinder Morgan's natural gas pipelines — investments?

Kinder Morgan (KMI) reported natural gas pipelines — investments of $7.12B in Q2 2026.

How has Kinder Morgan's natural gas pipelines — investments changed year-over-year?

Kinder Morgan's natural gas pipelines — investments decreased by 1.9% year-over-year, from $7.26B to $7.12B.

What does natural gas pipelines — investments mean?

This represents the book value of capital invested in the natural gas pipeline segment, including equity stakes in other companies and long-term financial interests. It reflects the total capital commitment to the segment's growth and strategic positioning. It helps investors assess the scale of the company's footprint and its commitment to specific pipeline assets.

Kinder Morgan (KMI) Natural Gas Pipelines — Investments

Screener

Other segment segments

Products Pipelines

$388M-1.5%

Terminals

$124M-6.1%

CO2

$71M+1.4%

Similar metrics at other companies

FHISeparate Accounts — Investments

$6.1M-12.9%

FHIFederated Hermes Funds — Investments

$44.6M-7.3%

LODEStrategic Investments — Long Term Investments

$67.21M—

LODEBioleum — Long Term Investments

$0—

LODEMetals — Long Term Investments

$0—

LODEMining — Long Term Investments

$0—

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/S4×+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 / equity1×0.0×

Current ratio0.5×-0.2×

Where this comes from

Reported directly by Kinder Morgan in its filing.

Tagged under the XBRL concept us-gaap:LongTermInvestments.

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

Segment balance sheet information: / As of June 30, 2026	Reportable Segments / Natural Gas Pipelines	Reportable Segments / Products Pipelines	Reportable Segments / Terminals	Reportable Segments / CO2	Corporate and Eliminations	Total
Investments	$7,122	$388	$124	$71	—	$7,705
Other intangibles, net	1,098	371	12	391	—	1,872
Total assets(f)	54,029	8,043	7,840	3,511	639	74,062
As of December 31, 2025
Investments	$6,962	$381	$122	$67	—	$7,532
Other intangibles, net	900	403	13	414	—	1,730
Total assets(f)	52,546	8,044	7,917	3,608	633	72,748

Item 1. Financial Statements (Unaudited)

FAQ

What is Kinder Morgan's natural gas pipelines — investments?: Kinder Morgan (KMI) reported natural gas pipelines — investments of $7.12B in Q2 2026.
How has Kinder Morgan's natural gas pipelines — investments changed year-over-year?: Kinder Morgan's natural gas pipelines — investments decreased by 1.9% year-over-year, from $7.26B to $7.12B.
What does natural gas pipelines — investments mean?: This represents the book value of capital invested in the natural gas pipeline segment, including equity stakes in other companies and long-term financial interests. It reflects the total capital commitment to the segment's growth and strategic positioning. It helps investors assess the scale of the company's footprint and its commitment to specific pipeline assets.