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Kinder Morgan KMI Terminals — Investments

Other segment segments

Natural Gas Pipelines
$7.12B-1.9%
Products Pipelines
$388M-1.5%
CO2
$71M+1.4%

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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: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, 2026Reportable Segments / Natural Gas PipelinesReportable Segments / Products PipelinesReportable Segments / TerminalsReportable Segments / CO2Corporate and EliminationsTotal
Investments$7,122$388$124$71$7,705
Other intangibles, net1,098371123911,872
Total assets(f)54,0298,0437,8403,51163974,062
As of December 31, 2025
Investments$6,962$381$122$67$7,532
Other intangibles, net900403134141,730
Total assets(f)52,5468,0447,9173,60863372,748

Item 1. Financial Statements (Unaudited)

FAQ

What is Kinder Morgan's terminals — investments?
Kinder Morgan (KMI) reported terminals — investments of $124M in Q2 2026.
How has Kinder Morgan's terminals — investments changed year-over-year?
Kinder Morgan's terminals — investments decreased by 6.1% year-over-year, from $132M to $124M.
What does terminals — investments mean?
The total value of capital deployed into the terminals segment, including direct asset purchases and equity stakes in other entities. This represents the total financial commitment to the segment's infrastructure and strategic growth opportunities. It helps investors understand the scale and capital intensity of the business unit.

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