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Kinder Morgan KMI Products Pipelines — Revenues from customers

Other segment segments

Natural Gas Pipelines
$2.67B+5.3%
Terminals
$558M+4.7%
Co2
$387M+33.4%

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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:Revenues.

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 — revenues from customers?
Kinder Morgan (KMI) reported products pipelines — revenues from customers of $902M in Q2 2026.
How has Kinder Morgan's products pipelines — revenues from customers changed year-over-year?
Kinder Morgan's products pipelines — revenues from customers increased by 30.5% year-over-year, from $691M to $902M.
What is the long-term trend for Kinder Morgan's products pipelines — revenues from customers?
Over 4 years (2021 to 2025), Kinder Morgan's products pipelines — revenues from customers has grown at a 4.6% compound annual growth rate (CAGR), from $2.25B to $2.69B.
What does products pipelines — revenues from customers mean?
This metric represents the total revenue generated from contracts with customers within the Products Pipelines business segment. It reflects the core income derived from transporting refined petroleum products and natural gas liquids through the company's pipeline infrastructure. This is a primary indicator of the segment's market demand and service utilization.

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