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Kinder Morgan KMI Services — Revenue

Other product segments

Service
$8.06B+6.7%
Total Services Revenue
$2.1B+7.0%
Firm Services
$1.37B+5.6%
Product Other Than Natural Gas
$1.16B+57.0%
Natural Gas Sales
$806M-8.3%
Feebasedservices
$732M+9.9%
Other sales
$33M+17.9%

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$85.48M-11.5%

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$69.3B+16.6%
Enterprise value$101.46B+11.2%
P/E20×-1.8×
P/S3.9×+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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenues
Services$2,456$2,326$4,981$4,686
Commodity sales1,9781,6684,2233,504
Other434810193
Total Revenues4,4774,0429,3058,283
Operating Costs, Expenses, and Other
Costs of sales (exclusive of items shown separately below)1,4051,2113,1542,687
Operations and maintenance8067731,5171,484

Item 1. Financial Statements (Unaudited)

FAQ

What is Kinder Morgan's services — revenue?
Kinder Morgan (KMI) reported services — revenue of $2.46B in Q2 2026.
How has Kinder Morgan's services — revenue changed year-over-year?
Kinder Morgan's services — revenue increased by 5.6% year-over-year, from $2.33B to $2.46B.
What is the long-term trend for Kinder Morgan's services — revenue?
Over 4 years (2021 to 2025), Kinder Morgan's services — revenue has grown at a 5.2% compound annual growth rate (CAGR), from $7.76B to $9.49B.
What does services — revenue mean?
This metric represents the total gross revenue generated from service-based activities within the midstream energy segment, such as pipeline transportation, storage, and terminal handling fees. These revenues are primarily derived from long-term, fee-based contracts that provide stable cash flows regardless of commodity price fluctuations. It serves as a primary indicator of the company's operational throughput and the utilization of its extensive midstream infrastructure network.

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