KMI
Kinder Morgan Inc.Stock · EnergyS&P 500 Equal Weight 0.2% · S&P 500 0.10% · Russell 1000 0.09% · Russell 3000 0.09% · US Stock Market 0.08% · MSCI World 0.07% · MSCI ACWI 0.07%$30.86-0.29%
as of market close, Sep 11, 2026
☾ AH — —
KMI financial statements
The full income statement, balance sheet, and cash-flow statement for Kinder Morgan Inc. (KMI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 2.22B2024-09 2.22B2024-12 2.22B2025-03 2.22B2025-06 2.22B2025-09 2.22B2025-12 2.22B2026-03 2.22B2026-06 2.23B+0.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 16.9B+12.2% | 15.1B-1.5% | 15.3B-20.1% | 19.2B+18.9% | 16.2B+38.1% | ||
| Lease income | 1.46B+4.6% | 1.40B+2.3% | 1.37B+5.1% | 1.30B+2.8% | 1.27B+2.4% | |
| Cost of revenue | — | — | — | 9.26B+42.5% | 6.49B+155.1% | |
| 746M+1.4% | 736M-3.0% | 759M+28.0% | 593M-4.8% | 623M | ||
| Selling, general & administrative | 744M+4.5% | 712M+6.6% | 668M+4.9% | 637M-2.7% | 655M+1.1% | |
| General & administrative | 744M+4.5% | 712M+6.6% | 668M+4.9% | 637M-2.7% | 655M+1.1% | |
| Amortization of intangibles | 190M-3.6% | 197M-2.5% | 202M-20.2% | 253M+6.8% | 237M+11.8% | |
| Operating income | 4.72B+7.8% | 4.38B+2.8% | 4.26B+4.9% | 4.07B+39.4% | 2.92B+86.9% | |
| Net interest income | — | — | -1.80B-18.8% | -1.51B-1.4% | -1.49B | |
| Other non-operating income | 173M+540.7% | 27.0M+173.0% | -37.0M-167.3% | 55.0M-80.5% | 282M+403.6% | |
| Equity-method income | 896M+6.7% | 840M+8.8% | 772M-3.9% | 803M+35.9% | 591M-24.2% | |
| Pre-tax income | 3.99B+17.2% | 3.41B+6.4% | 3.20B-4.0% | 3.33B+50.3% | 2.22B+235.7% | |
| Income tax | 832M+21.1% | 687M-3.9% | 715M+0.7% | 710M+92.4% | 369M-23.3% | |
| 3.06B+17.0% | 2.61B+9.3% | 2.39B-6.2% | 2.55B+42.8% | 1.78B+1399.2% | ||
| Net income to non-controlling interest | 104M-2.8% | 107M+12.6% | 95.0M+23.4% | 77.0M+16.7% | 66.0M+8.2% | |
| Net income to common | — | 2.61B+9.3% | 2.39B-6.2% | 2.55B+42.8% | 1.78B+1399.2% | |
| $1.37+17.1% | $1.17+10.4% | $1.06-5.4% | $1.12+43.6% | $0.78+1460.0% | ||
| EPS (basic) | $1.37+17.1% | $1.17+10.4% | $1.06-5.4% | $1.12+43.6% | $0.78+1460.0% | |
| Weighted-avg shares (basic) | 2.22B+0.1% | 2.22B-0.6% | 2.23B-1.1% | 2.26B-0.4% | 2.27B+0.1% | |
| Weighted-avg shares (diluted) | 2.22B+0.1% | 2.22B-0.6% | 2.23B-1.1% | 2.26B-0.4% | 2.27B+0.1% | |
| Dividends per share | $1.17+1.7% | $1.15+1.8% | $1.13+1.8% | $1.11+2.8% | $1.08+2.9% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.75B+9.2% | 2.52B-0.8% | 2.54B-33.2% | 3.80B-0.7% | 3.83B+19.5% | ||
| Cash & equivalents | 63.0M-28.4% | 88.0M+6.0% | 83.0M-88.9% | 745M-34.6% | 1.14B-3.7% | |
| Inventory | 574M+3.4% | 555M+5.7% | 525M-17.2% | 634M+12.8% | 562M+61.5% | |
| Other current assets | 357M+45.1% | 246M-26.1% | 333M+9.5% | 304M+5.2% | 289M+72.0% | |
| 72.7B+1.9% | 71.4B+0.5% | 71.0B+1.3% | 70.1B-0.5% | 70.4B-2.2% | ||
| Property, plant & equipment | 39.3B+3.5% | 38.0B+1.9% | 37.3B+4.8% | 35.6B-0.2% | 35.7B-0.5% | |
| Operating lease right-of-use | 216M-14.6% | 253M-11.2% | 285M-0.7% | 287M-8.9% | 315M+4.0% | |
| Goodwill | 20.1B+0.0% | 20.1B-0.2% | 20.1B+0.8% | 20.0B+0.3% | 19.9B+0.3% | |
| Intangible assets | 1.73B-1.7% | 1.76B-10.1% | 1.96B+8.2% | 1.81B+7.8% | 1.68B-31.6% | |
| Long-term investments | 7.53B-4.0% | 7.84B-0.4% | 7.87B+2.9% | 7.65B+1.0% | 7.58B-4.3% | |
| Deferred tax assets | — | — | — | 0.00-100.0% | 115M-78.5% | |
| Other non-current assets | 1.32B+11.2% | 1.18B-3.7% | 1.23B-1.6% | 1.25B-24.3% | 1.65B-24.3% | |
| 4.32B-15.3% | 5.10B-29.4% | 7.22B+4.2% | 6.93B+19.1% | 5.82B+14.7% | ||
| Accounts payable | 1.41B+0.9% | 1.40B+2.1% | 1.37B-5.4% | 1.44B+14.7% | 1.26B+50.4% | |
| Short-term & current debt | 1.23B-39.0% | 2.01B-50.4% | 4.05B+19.6% | 3.38B+27.9% | 2.65B+3.4% | |
| Current lease liability | 49.0M-18.3% | 60.0M+9.1% | 55.0M+17.0% | 47.0M+4.4% | 45.0M+12.5% | |
| 40.3B+1.9% | 39.5B+0.6% | 39.3B+3.5% | 38.0B-1.4% | 38.5B-2.3% | ||
| Long-term debt | 30.8B+3.0% | 29.9B+6.5% | 28.1B-1.2% | 28.4B-7.4% | 30.7B-4.5% | |
| Non-current lease liability | 167M-13.5% | 193M-16.1% | 230M-4.2% | 240M-11.1% | 270M+2.7% | |
| Operating lease liability (total) | 216M-14.6% | 253M-11.2% | 285M-0.7% | 287M-8.9% | 315M+4.0% | |
| Finance lease liability | — | — | — | — | 1.00M+0.0% | |
| Deferred tax liabilities | 2.89B+39.7% | 2.07B+49.1% | 1.39B+122.8% | 623M | 0.00 | |
| Total non-current liabilities | 36.0B+4.5% | 34.4B+7.4% | 32.1B+3.3% | 31.0B-5.0% | 32.7B-4.8% | |
| 31.2B+2.1% | 30.5B+0.7% | 30.3B-1.4% | 30.7B-0.3% | 30.8B-1.9% | ||
| Common stock | 22.0M+0.0% | 22.0M+0.0% | 22.0M+0.0% | 22.0M-4.3% | 23.0M+0.0% | |
| Additional paid-in capital | 41.3B+0.1% | 41.2B+0.1% | 41.2B-1.2% | 41.7B-0.3% | 41.8B+0.1% | |
| Retained earnings | -10.2B+4.3% | -10.6B+0.5% | -10.7B-1.3% | -10.6B+0.4% | -10.6B-6.6% | |
| Accumulated other comprehensive income | 45.0M+147.4% | -95.0M+56.2% | -217M+46.0% | -402M+2.2% | -411M-1.0% | |
| Non-controlling interest | 1.29B-3.7% | 1.34B-6.1% | 1.42B+3.7% | 1.37B+25.0% | 1.10B+173.1% | |
| Total equity incl. non-controlling | 32.4B+1.8% | 31.9B+0.4% | 31.7B-1.2% | 32.1B+0.6% | 31.9B+0.3% | |
| Total liabilities & equity | 72.7B+1.9% | 71.4B+0.5% | 71.0B+1.3% | 70.1B-0.5% | 70.4B-2.2% | |
| Common shares issued | 2.22B+0.1% | 2.22B+0.1% | 2.22B-1.2% | 2.25B-0.9% | 2.27B+0.1% | |
| Common shares outstanding | 2.22B+0.1% | 2.22B+0.1% | 2.22B-1.2% | 2.25B-0.9% | 2.27B+0.1% | |
| Shares outstanding (cover) | 2.22B+0.1% | 2.22B+0.1% | 2.22B-1.3% | 2.25B-0.9% | 2.27B+0.1% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.92B+5.0% | 5.63B-13.2% | 6.49B+30.7% | 4.97B-13.0% | 5.71B+25.5% | ||
| Depreciation & amortization | 2.45B+4.2% | 2.35B+4.6% | 2.25B+2.9% | 2.19B+2.4% | 2.13B-1.3% | |
| Intangible amortization | 190M-3.6% | 197M-2.5% | 202M-20.2% | 253M+6.8% | 237M+11.8% | |
| Deferred income taxes | 780M+20.6% | 647M-8.9% | 710M+2.6% | 692M+94.9% | 355M+2.9% | |
| Change in receivables | 192M+469.2% | -52.0M+82.7% | -301M-236.8% | 220M-17.0% | 265M+401.1% | |
| Change in inventory | 21.0M+75.0% | 12.0M+106.4% | -188M-202.7% | 183M-9.4% | 202M+1362.5% | |
| Change in payables | 96.0M+2020.0% | -5.00M+97.5% | -201M-224.8% | 161M-58.4% | 387M+2136.8% | |
| Other operating activities | -115M-1542.9% | -7.00M+86.0% | -50.0M+10.7% | -56.0M+50.0% | -112M-245.5% | |
| -3.18B-20.9% | -2.63B+37.0% | -4.17B-92.0% | -2.17B+5.6% | -2.31B-153.0% | ||
| Capital expenditure | 3.03B+15.1% | 2.63B+13.5% | 2.32B+42.9% | 1.62B+26.5% | 1.28B-25.0% | |
| Free cash flow | 2.89B-3.8% | 3.01B-28.0% | 4.17B+24.7% | 3.35B-24.4% | 4.43B+55.7% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Other investing activities | 39.0M+750.0% | -6.00M-118.8% | 32.0M+633.3% | -6.00M-175.0% | 8.00M-68.0% | |
| -2.84B+1.5% | -2.89B+4.2% | -3.01B+4.2% | -3.15B+9.2% | -3.46B-31.3% | ||
| Long-term debt issued | 10.0B-4.1% | 10.4B+37.6% | 7.59B-16.2% | 9.06B+52.0% | 5.96B+53.3% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00-100.0% | 7.00M-98.7% | 522M+41.8% | 368M | 0.00-100.0% | |
| Dividends paid | 2.60B+1.8% | 2.56B+1.1% | 2.53B+1.0% | 2.50B+2.5% | 2.44B+3.4% | |
| Other financing activities | -29.0M-45.0% | -20.0M+31.0% | -29.0M-107.1% | -14.0M+44.0% | -25.0M-92.3% | |
| FX effect on cash | 0.00+100.0% | -1.00M | 0.00 | 0.00 | 0.00+100.0% | |
| Net change in cash | -105M-189.0% | 118M+116.9% | -698M-97.7% | -353M-469.4% | -62.0M-106.2% | |
| Interest paid | 1.81B-0.3% | 1.82B-1.5% | 1.84B+26.3% | 1.46B-4.5% | 1.53B-7.9% | |
| Income taxes paid | 47.0M+42.4% | 33.0M+200.0% | 11.0M-15.4% | 13.0M+30.0% | 10.0M-95.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 61.2B+0.5% | 60.9B+55.3% | 39.2B-3.5% | 40.6B+13.0% | 36.0B+16.2% | |
| P/E | 20.0×-14.1% | 23.3×+46.6% | 15.9×-1.6% | 16.2×-19.8% | 20.2×-92.3% | |
| P/S | 3.6×-10.4% | 4.0×+63.2% | 2.5×-1.8% | 2.5×+13.0% | 2.2×-15.9% | |
| P/B | 2.0×-1.6% | 2.0×+53.9% | 1.3×-1.9% | 1.3×+13.3% | 1.2×+18.5% | |
| P/FCF | 21.2×+4.5% | 20.3×+76.0% | 11.5×-6.5% | 12.3×+51.6% | 8.1×-25.4% | |
| Earnings yield | 5.0%+16.4% | 4.3%-31.8% | 6.3%+1.7% | 6.2%+24.8% | 5.0%+1190.4% | |
| FCF yield | 4.7%-4.3% | 4.9%-43.2% | 8.7%+7.0% | 8.1%-34.0% | 12.3%+34.0% | |
| Dividend yield | 4.3%+1.4% | 4.2%-34.5% | 6.4%+4.3% | 6.1%-9.8% | 6.8%-11.3% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: KMI’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all KMI filings on SEC EDGAR → Not investment advice.