How Kinder Morgan makes money

Period

FY2025

How does Kinder Morgan make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Kinder Morgan Inc. · FY2025 · year ended 2025-12-31

Revenue$16.9BGross profit$16.9B · 100%Cost of revenue$0 · 0%Operating income$4.7B · 28%Operating expenses$12.2B · 72%SG&A$744M · 4%Other opex$11.5B · 68%Pre-tax income$3.9B · 23%Other expense$836M · 5%Net income$3.1B · 18%Income tax$832M · 5%Oil & Gas Service$9.5B · 56%Product$7.3B · 43%Product & Service Other$192M · 1%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.