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Kinder Morgan KMI Terminals — 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 terminals — leasing services?
Kinder Morgan (KMI) reported terminals — leasing services of $198M in Q2 2026.
How has Kinder Morgan's terminals — leasing services changed year-over-year?
Kinder Morgan's terminals — leasing services increased by 4.2% year-over-year, from $190M to $198M.
What is the long-term trend for Kinder Morgan's terminals — leasing services?
Over 4 years (2021 to 2025), Kinder Morgan's terminals — leasing services has grown at a 7.2% compound annual growth rate (CAGR), from $565M to $747M.
What does terminals — leasing services mean?
Revenue derived specifically from leasing terminal capacity or infrastructure assets to third-party customers. This reflects the long-term contractual nature of the business where customers secure dedicated storage or throughput capacity.

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