What is Kinder Morgan's total cost of revenue?

Kinder Morgan (KMI) reported total cost of revenue of $1.75B in Q1 2026.

How has Kinder Morgan's total cost of revenue changed year-over-year?

Kinder Morgan's total cost of revenue increased by 18.5% year-over-year, from $1.48B to $1.75B.

What is the long-term trend for Kinder Morgan's total cost of revenue?

Over 4 years (2021 to 2025), Kinder Morgan's total cost of revenue has grown at a -3.9% compound annual growth rate (CAGR), from $6.49B to $5.53B.

What does total cost of revenue mean?

The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

Kinder Morgan KMI Total Cost of Revenue

Total Cost of Revenue at other companies

OneokOKE

$7.05B+24.7%

Energy TransferET

$21.15B+35.8%

TRG

Targa ResourcesTRGP

$2.39B-26.5%

Valero EnergyVLO

$30.33B+1.9%

Clean Energy FuelsCLNE

$50.2M-8.1%

Marathon PetroleumMPC

$31.26B+6.5%

Segments

By segment

See full

Natural Gas Pipelines$1.43B+25.0%

Products Pipelines$281M-4.1%

CO2$28M+3.7%

Terminals$16M+6.7%

Other financials

Income statement

See full

Revenue$4.8B+13.8%

Gross profit$3.1B+11.4%

Operating income$1.4B+26.1%

Net income$976.0M+36.1%

EPS (diluted)$0.44+37.5%

Balance sheet

See full

Cash & equivalents$72.0M-10.0%

Total debt$29.9B-0.3%

Total equity$31.3B+2.3%

Total assets$73.1B+1.0%

Cash flow

See full

Operating cash flow$1.5B+28.3%

CapEx$804.0M+5.0%

Free cash flow$687.0M+73.5%

Valuation

See full

Market cap$73.44B+18.0%

Enterprise value$103.24B+12.0%

P/E22.2×-1.9×

P/S4.2×+0.2×

Profitability

See full

Gross margin66.9%-2.7pp

Operating margin28.7%+0.9pp

Net margin18.9%+2.2pp

FCF margin18.2%-0.1pp

Returns & leverage

See full

Return on equity10.7%+2.2pp

Debt / equity1×0.0×

Current ratio0.5×+0.1×

Where this comes from

Reported directly by Kinder Morgan in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization.

The official record: Kinder Morgan’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Kinder Morgan's total cost of revenue?: Kinder Morgan (KMI) reported total cost of revenue of $1.75B in Q1 2026.
How has Kinder Morgan's total cost of revenue changed year-over-year?: Kinder Morgan's total cost of revenue increased by 18.5% year-over-year, from $1.48B to $1.75B.
What is the long-term trend for Kinder Morgan's total cost of revenue?: Over 4 years (2021 to 2025), Kinder Morgan's total cost of revenue has grown at a -3.9% compound annual growth rate (CAGR), from $6.49B to $5.53B.
What does total cost of revenue mean?: The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.