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Segments

By segment

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Natural Gas Pipelines$1.52B+5.8%
Products Pipelines$343M+18.7%
Terminals$310M+3.3%
CO2$226M+50.7%

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%
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$71.3B+19.6%
Enterprise value$103.46B+13.2%
P/E20.6×-1.3×
P/S+0.2×

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:NetIncomeLoss.

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
Income Before Income Taxes1,1669192,4541,848
Income Tax Expense(272)(177)(559)(363)
Net Income8947421,8951,485
Net Income Attributable to Noncontrolling Interests(27)(27)(52)(53)
Net Income Attributable to Kinder Morgan, Inc.$867$715$1,843$1,432
Class P Common Stock
Basic and Diluted Earnings Per Share$0.39$0.32$0.82$0.64
Basic and Diluted Weighted Average Shares Outstanding2,2252,2222,2252,222

Item 1. Financial Statements (Unaudited)

FAQ

What is Kinder Morgan's net income?
Kinder Morgan (KMI) reported net income of $867M in Q2 2026.
How has Kinder Morgan's net income changed year-over-year?
Kinder Morgan's net income increased by 21.3% year-over-year, from $715M to $867M.
What is the long-term trend for Kinder Morgan's net income?
Over 4 years (2021 to 2025), Kinder Morgan's net income has grown at a 14.4% compound annual growth rate (CAGR), from $1.78B to $3.06B.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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