Kinder Morgan, Inc. (KMI)
Kinder Morgan, Inc. brought in $18.3B of revenue over the twelve months to September 30, 2026, up 11.7% from a year earlier. Net income was $3.6B, a net margin of 19.6%. Operating cash flow minus capital spending left $2.9B of free cash flow in fiscal 2025. At September 30, 2026 it held $918M in cash against $31.3B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 23, 2026.
Key facts about Kinder Morgan, Inc.
- Net worth
- Kinder Morgan, Inc. has a market value (market cap) of $69.5B at the latest share price, and shareholders' equity of $31.6B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $16.9B (+12.2% year on year), with net income of $3.1B. Over the 12 months to September 30, 2026: revenue $18.3B, net income $3.6B.
- Cash flow
- In fiscal 2025 operations brought in $5.9B of cash; after $3B of capital spending, free cash flow was $2.9B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 23, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Kinder Morgan, Inc.'s next report is expected around January 20, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Kinder Morgan, Inc. declared dividends of $1.17 per share in fiscal 2025, a yield of 3.75% at the current price.
What Kinder Morgan, Inc. does
Kinder Morgan operates energy pipelines and bulk terminals across North America. It transports natural gas, refined petroleum products, crude oil, and carbon dioxide through pipeline networks, and operates storage terminals that handle petroleum fuels, chemicals, and dry bulk materials for oil and gas producers, refiners, and utilities. Its shares trade on NYSE under the ticker KMI.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $16.9B | $3.1B | $1.37 | $2.9B |
| 2024 | $15.1B | $2.6B | $1.17 | $3B |
| 2023 | $15.3B | $2.4B | $1.06 | $4.2B |
| 2022 | $19.2B | $2.5B | $1.12 | $3.3B |
| 2021 | $16.6B | $1.8B | $0.78 | $4.4B |
| 2020 | $11.7B | $119M | $0.05 | $2.8B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where KMI ranks in Utilities
Dividends
Kinder Morgan, Inc. declared $1.17 per share in fiscal 2025. At the current price that is a yield of 3.75%. It paid out $2.6B in cash dividends, 85% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.17 | $2.6B | 85% |
| 2024 | $1.15 | $2.6B | 98% |
| 2023 | $1.13 | $2.5B | 106% |
| 2022 | $1.11 | $2.5B | 98% |
| 2021 | $1.08 | $2.4B | 137% |
| 2020 | $1.05 | $2.4B | 1,985% |
Latest SEC filings
What Kinder Morgan, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026
- October 23, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 9.3% to $4.5B versus the same quarter last year; diluted EPS $0.34 versus $0.28.
- October 21, 2026
- October 1, 2026
- September 28, 2026
- September 4, 2026
- August 10, 2026
- August 3, 2026Other event 8-K
- July 28, 2026Form POSASR filing POSASR
- July 24, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 11% to $4.5B versus the same quarter last year; diluted EPS $0.39 versus $0.32.
What is KMI worth? A DCF from its reported cash flow
Insider trades
What the people running Kinder Morgan, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $15M and sold $150.5K worth of shares in the last 90 days. All of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 6, 2026 | Kinder Richard DExecutive Chairman, Director, 10% owner | Bought | 500,000 | $15M |
| October 28, 2026 | Sanders DaxPresident | Gave as a gift | 1,600 | - |
| October 16, 2026 | Garthwaite Michael P.VP (Pres., Products Pipelines) | Soldpre-planned (10b5-1) | 1,550 | $52.2K |
| September 16, 2026 | Garthwaite Michael P.VP (Pres., Products Pipelines) | Soldpre-planned (10b5-1) | 1,550 | $47.7K |
| August 17, 2026 | Garthwaite Michael P.VP (Pres., Products Pipelines) | Soldpre-planned (10b5-1) | 1,550 | $50.6K |
| July 31, 2026 | Mody Sital KV.P. (Pres.,Nat Gas Pipelines) | Exercised options | 115,741 | - |
| July 31, 2026 | Mody Sital KV.P. (Pres.,Nat Gas Pipelines) | Shares withheld for tax | 45,545 | $1.5M |
| July 31, 2026 | James Catherine C.VP and General Counsel | Exercised options | 69,445 | - |
Who owns KMI
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 6.54% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,830 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 175,834,246 | +1,875,143 |
| State Street Corp | 130,863,419 | +5,361,578 |
| Vanguard Capital Management LLC | 125,590,355 | +636,775 |
| Vanguard Portfolio Management LLC | 67,892,944 | +571,466 |
| Bank of America Corp | 61,455,987 | -562,407 |
| Geode Capital Management, LLC | 55,692,758 | +751,371 |
| Norges Bank | 37,596,771 | new |
| Jpmorgan Chase & Co | 32,412,710 | +1,445,551 |
| Morgan Stanley | 30,476,699 | +207,038 |
| Charles Schwab Investment Management Inc | 29,766,795 | -599,249 |
| Blackstone Inc. | 26,068,839 | +5,097,653 |
| Goldman Sachs Group Inc | 25,719,613 | +3,157,913 |
| Invesco Ltd. | 22,694,082 | +1,118,126 |
| Northern Trust Corp | 17,728,713 | -967,359 |
| Dimensional Fund Advisors LP | 17,539,770 | +302,386 |
| Fmr LLC | 16,581,098 | -1,303,204 |
| UBS Group AG | 16,345,932 | -1,464,146 |
| Amundi | 14,734,446 | -396,254 |
| Deutsche Bank AG\ | 13,490,868 | -3,787,688 |
| Legal & General Group Plc | 12,894,790 | -1,414,038 |
Insiders
15 insiders reported holding 250,029,226 shares in total, about $7.8B at the last price.
| Holder | Shares |
|---|---|
| Kinder Richard DExecutive Chairman, Director, 10% owner | 246,712,353 |
| Dang Kimberly AChief Executive Officer, Director | 1,216,943 |
| Holland James EVP and COO | 614,693 |
| Sanders DaxPresident | 367,871 |
| Michels David PatrickVP and Chief Financial Officer | 213,383 |
| James Catherine C.VP and General Counsel | 165,338 |
| Schlosser John WV.P. (President, Terminals) | 164,208 |
| Ashley Anthony BVP (President, CO2 and ETV) | 164,038 |
| Grahmann Kevin PV.P., Corporate Development | 85,587 |
| Pitta Michael JVP and Chief Admin. Officer | 77,236 |
Questions about KMI
What does Kinder Morgan, Inc. do?
Kinder Morgan operates energy pipelines and bulk terminals across North America. It transports natural gas, refined petroleum products, crude oil, and carbon dioxide through pipeline networks, and operates storage terminals that handle petroleum fuels, chemicals, and dry bulk materials for oil and gas producers, refiners, and utilities. Its shares trade on NYSE under the ticker KMI.
What is Kinder Morgan, Inc.'s net worth?
Kinder Morgan, Inc. has a market value (market cap) of $69.5B at the latest share price, and shareholders' equity of $31.6B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Kinder Morgan, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $3.6B on revenue of $18.3B, a net margin of 19.6%.
How much revenue does Kinder Morgan, Inc. make?
Over the twelve months to September 30, 2026 Kinder Morgan, Inc. reported revenue of $18.3B. That is 11.7% more than a year earlier.
When did Kinder Morgan, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 23, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the investor disclosure from November 6, 2026.
When is Kinder Morgan, Inc.'s next earnings report?
Kinder Morgan, Inc.'s next report is expected around January 20, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Kinder Morgan, Inc. pay a dividend?
Yes. Kinder Morgan, Inc. declared dividends of $1.17 per share in fiscal 2025, a yield of 3.75% at the current price.
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Where the numbers come from
Financial figures are the values Kinder Morgan, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.