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Discontinued — last reported Q2 '26

Net debt at other companies

Cloudflare, Inc. logo
Cloudflare, Inc.NET
-5×-5.4×
Zscaler logo
ZscalerZS
19.2×+12.3×
Citigroup logo
CitigroupC
0.1×-0.3×
Morgan Stanley logo
Morgan StanleyMS
-0.2×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
American Express logo
American ExpressAXP
0.3×+0.3×

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$69.92B+11.3%
Enterprise value$102.08B+7.9%
P/E20.2×-2.9×
P/S3.9×0.0×

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

Calculated from Kinder Morgan’s reported figures.

The source filing: Kinder Morgan’s 10-Q, filed July 24, 2026. Open the filing →

Filed
Jul 24, 2026, 4:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001506307-26-000085

FAQ

What is Kinder Morgan's net debt?
Kinder Morgan (KMI) reported net debt of $32.16B in Q2 2026.
How has Kinder Morgan's net debt changed year-over-year?
Kinder Morgan's net debt increased by 1.2% year-over-year, from $31.79B to $32.16B.
What is the long-term trend for Kinder Morgan's net debt?
Over 5 years (2020 to 2025), Kinder Morgan's net debt has grown at a 0.6% compound annual growth rate (CAGR), from $31.25B to $32.16B.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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