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Kinder Morgan KMI Products Pipelines — Leasing services

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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:OperatingLeaseLeaseIncome.

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 itemNatural Gas PipelinesProducts PipelinesTerminalsCO2Corporate and EliminationsTotal
Total commodity sales1,08751728375(6)2,001
Total revenues from contracts with customers2,508852360387(9)4,098
Other revenues
Leasing services(b)1124319813366
Derivatives adjustments on commodity sales24(50)(26)
Other277539
Total other revenues16350198(32)379
Total revenues$2,671$902$558$355$(9)$4,477

Item 1. Financial Statements (Unaudited)

FAQ

What is Kinder Morgan's products pipelines — leasing services?
Kinder Morgan (KMI) reported products pipelines — leasing services of $43M in Q2 2026.
How has Kinder Morgan's products pipelines — leasing services changed year-over-year?
Kinder Morgan's products pipelines — leasing services decreased by 21.8% year-over-year, from $55M to $43M.
What is the long-term trend for Kinder Morgan's products pipelines — leasing services?
Over 4 years (2021 to 2025), Kinder Morgan's products pipelines — leasing services has grown at a 2.8% compound annual growth rate (CAGR), from $172M to $192M.
What does products pipelines — leasing services mean?
This metric captures revenue derived from leasing pipeline capacity or related storage assets to third-party customers. It represents a stable, fee-based income stream that is generally independent of commodity price fluctuations. This reflects the utilization of idle or dedicated infrastructure assets.

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