Kinder Morgan, Inc. (KMI) Q3 FY2026 Financial Statements: Revenue $4.53B, Net income $764.00M
More for Kinder Morgan: Company index · 10-K and 10-Q summary · 8-K filings and events
PeriodQ3 FY2026
Published
Kinder Morgan reported $4.53 billion in revenue for Q3 FY2026, the quarter ended September 30, 2026, up 9.3% from a year earlier, and net income attributable to Kinder Morgan of $764 million, up 21.7%, or $0.34 per diluted share against $0.28. Revenue growth came mainly from higher product sales on commodity prices and from higher services revenue on volumes and expansion projects, chiefly in natural gas pipelines. The quarter's earnings absorbed legal, environmental and other expense accruals in the West Coast refined products business, partly offset by a gain on the sale of terminals in the Tampa, Florida area.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $4,531,000,000 | up 9.3% |
| Net income | $764,000,000 | up 21.7% |
| Diluted EPS | $0.34 | up 21.4% |
| Operating income | $1,160,000,000 | up 9.1% |
Figures link to the filing they came from. Wherever the SEC filing tags a number, that number is linked: click it and the filing opens at the exact line that prints it. Figures calculated here, such as margins, free cash flow and trailing-twelve-month totals, have no line in a filing to point to and are not linked.
About this file
| Ticker | KMI |
|---|---|
| CIK | 0001506307 |
| Company | Kinder Morgan, Inc. |
| Business type | energy_infrastructure |
| Schema template | standard (industrial) income statement, balance sheet and cash flow layout adapted to a pipeline and terminals operator: no gross profit line, because the filing reports costs of sales exclusive of depreciation and other operating costs |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual US dollars (not millions); per-share amounts in dollars per share; share counts in actual shares |
KMI annual income statement, balance sheet and cash flow
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Period start | 2025-01-01 | 2024-01-01 | 2023-01-01 |
| Period end | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Period type | fiscal year | fiscal year | fiscal year |
| Source accession | 10-K | 10-K | 10-K |
| Income statement | |||
| Services revenues | 9,490,000,000 | 8,916,000,000 | 8,371,000,000 |
| Commodity sales revenues | 7,255,000,000 | 5,957,000,000 | 6,786,000,000 |
| Other revenues | 192,000,000 | 227,000,000 | 177,000,000 |
| Total revenues | 16,937,000,000 | 15,100,000,000 | 15,334,000,000 |
| Costs of sales | 5,529,000,000 | 4,337,000,000 | 4,938,000,000 |
| Operations and maintenance | 3,057,000,000 | 2,972,000,000 | 2,807,000,000 |
| Depreciation depletion and amortization | 2,453,000,000 | 2,354,000,000 | 2,250,000,000 |
| General and administrative | 744,000,000 | 712,000,000 | 668,000,000 |
| Taxes other than income taxes | 445,000,000 | 433,000,000 | 421,000,000 |
| Total operating costs expenses and other | 12,213,000,000 | 10,716,000,000 | 11,071,000,000 |
| Operating income | 4,724,000,000 | 4,384,000,000 | 4,263,000,000 |
| Earnings from equity investments | 896,000,000 | 840,000,000 | 772,000,000 |
| Interest net | -1,801,000,000 | -1,844,000,000 | -1,797,000,000 |
| Other net | 173,000,000 | 27,000,000 | -37,000,000 |
| Total other expense | -732,000,000 | -977,000,000 | -1,062,000,000 |
| Income before income taxes | 3,992,000,000 | 3,407,000,000 | 3,201,000,000 |
| Income tax expense | -832,000,000 | -687,000,000 | -715,000,000 |
| Net income | 3,160,000,000 | 2,720,000,000 | 2,486,000,000 |
| Net income attributable to noncontrolling interests | -104,000,000 | -107,000,000 | -95,000,000 |
| Net income attributable to kinder morgan | 3,056,000,000 | 2,613,000,000 | 2,391,000,000 |
| Diluted shares | 2,223,000,000 | 2,220,000,000 | 2,234,000,000 |
| Diluted EPS | 1.37 | 1.17 | 1.06 |
| Net income allocated to common stockholders | 3,040,000,000 | 2,598,000,000 | 2,377,000,000 |
| Dividends declared per share | 1.17 | 1.15 | 1.13 |
| Balance sheet | |||
| Cash and cash equivalents | 63,000,000 | 88,000,000 | |
| Restricted deposits | 46,000,000 | 126,000,000 | |
| Accounts receivable | 1,714,000,000 | 1,506,000,000 | |
| Total current assets | 2,754,000,000 | 2,521,000,000 | |
| Property plant and equipment net | 39,331,000,000 | 38,013,000,000 | |
| Investments | 7,532,000,000 | 7,845,000,000 | |
| Goodwill | 20,084,000,000 | 20,084,000,000 | |
| Total assets | 72,748,000,000 | 71,407,000,000 | |
| Current portion of debt | 1,226,000,000 | 2,009,000,000 | |
| Total current liabilities | 4,322,000,000 | 5,101,000,000 | |
| Long term debt outstanding | 30,597,000,000 | 29,779,000,000 | |
| Debt fair value adjustments | 180,000,000 | 102,000,000 | |
| Total long term debt | 30,777,000,000 | 29,881,000,000 | |
| Total liabilities | 40,299,000,000 | 39,540,000,000 | |
| Kinder morgan stockholders equity | 31,162,000,000 | 30,531,000,000 | |
| Noncontrolling interests | 1,287,000,000 | 1,336,000,000 | |
| Total stockholders equity | 32,449,000,000 | 31,867,000,000 | |
| Total debt | 32,003,000,000 | 31,890,000,000 | |
| Common shares outstanding | 2,224,777,750 | 2,221,647,775 | |
| Cash flow | |||
| Operating cash flow | 5,917,000,000 | 5,635,000,000 | 6,491,000,000 |
| Acquisitions of assets net of cash acquired | -648,000,000 | -62,000,000 | -1,842,000,000 |
| Capital expenditures | -3,026,000,000 | -2,629,000,000 | -2,317,000,000 |
| Net cash used in investing activities | -3,179,000,000 | -2,629,000,000 | -4,175,000,000 |
| Issuances of debt | 10,017,000,000 | 10,441,000,000 | 7,590,000,000 |
| Payments of debt | -10,054,000,000 | -10,557,000,000 | -7,356,000,000 |
| Dividends paid | -2,604,000,000 | -2,557,000,000 | -2,529,000,000 |
| Distributions to noncontrolling interests | -153,000,000 | -154,000,000 | -151,000,000 |
| Net cash used in financing activities | -2,843,000,000 | -2,887,000,000 | -3,014,000,000 |
| Repurchases of shares | 0 | -7,000,000 | -522,000,000 |
| Free cash flow | 2,891,000,000 | 3,006,000,000 | 4,174,000,000 |
KMI quarterly income statement, balance sheet and cash flow
| Q3 FY2026 | Q3 FY2025 | |
|---|---|---|
| Fiscal quarter | 3 | 3 |
| Period start | 2026-07-01 | 2025-07-01 |
| Period end | 2026-09-30 | 2025-09-30 |
| Period type | three months | three months |
| Source accession | 10-Q | 10-Q |
| Income statement | ||
| Services revenues | 2,492,000,000 | 2,340,000,000 |
| Commodity sales revenues | 1,989,000,000 | 1,758,000,000 |
| Other revenues | 50,000,000 | 48,000,000 |
| Total revenues | 4,531,000,000 | 4,146,000,000 |
| Costs of sales | 1,566,000,000 | 1,395,000,000 |
| Operations and maintenance | 949,000,000 | 786,000,000 |
| Depreciation depletion and amortization | 628,000,000 | 609,000,000 |
| General and administrative | 190,000,000 | 183,000,000 |
| Taxes other than income taxes | 121,000,000 | 111,000,000 |
| Total operating costs expenses and other | 3,371,000,000 | 3,083,000,000 |
| Operating income | 1,160,000,000 | 1,063,000,000 |
| Earnings from equity investments | 231,000,000 | 221,000,000 |
| Interest net | -430,000,000 | -456,000,000 |
| Other net | 19,000,000 | 11,000,000 |
| Total other expense | -180,000,000 | -224,000,000 |
| Income before income taxes | 980,000,000 | 839,000,000 |
| Income tax expense | -190,000,000 | -185,000,000 |
| Net income | 790,000,000 | 654,000,000 |
| Net income attributable to noncontrolling interests | -26,000,000 | -26,000,000 |
| Net income attributable to kinder morgan | 764,000,000 | 628,000,000 |
| Diluted shares | 2,227,000,000 | 2,224,000,000 |
| Diluted EPS | 0.34 | 0.28 |
| Net income allocated to common stockholders | 760,000,000 | 624,000,000 |
| Dividends declared per share | 0.2975 | 0.2925 |
| Balance sheet | ||
| Cash and cash equivalents | 918,000,000 | |
| Restricted deposits | 25,000,000 | |
| Accounts receivable | 1,596,000,000 | |
| Total current assets | 3,470,000,000 | |
| Property plant and equipment net | 40,892,000,000 | |
| Investments | 7,836,000,000 | |
| Goodwill | 20,075,000,000 | |
| Total assets | 75,397,000,000 | |
| Current portion of debt | 1,726,000,000 | |
| Total current liabilities | 5,179,000,000 | |
| Long term debt outstanding | 31,445,000,000 | |
| Debt fair value adjustments | -98,000,000 | |
| Total long term debt | 31,347,000,000 | |
| Total liabilities | 42,570,000,000 | |
| Kinder morgan stockholders equity | 31,595,000,000 | |
| Noncontrolling interests | 1,232,000,000 | |
| Total stockholders equity | 32,827,000,000 | |
| Total debt | 33,073,000,000 | |
| Common shares outstanding | 2,227,712,648 | |
KMI year-to-date income statement and cash flow
| Nine months ended September 30, 2026 | Nine months ended September 30, 2025 | |
|---|---|---|
| Period start | 2026-01-01 | 2025-01-01 |
| Period end | 2026-09-30 | 2025-09-30 |
| Period type | nine months | nine months |
| Source accession | 10-Q | 10-Q |
| Income statement | ||
| Services revenues | 7,473,000,000 | 7,026,000,000 |
| Commodity sales revenues | 6,212,000,000 | 5,262,000,000 |
| Other revenues | 151,000,000 | 141,000,000 |
| Total revenues | 13,836,000,000 | 12,429,000,000 |
| Costs of sales | 4,720,000,000 | 4,082,000,000 |
| Operations and maintenance | 2,466,000,000 | 2,270,000,000 |
| Depreciation depletion and amortization | 1,881,000,000 | 1,835,000,000 |
| General and administrative | 566,000,000 | 558,000,000 |
| Taxes other than income taxes | 355,000,000 | 334,000,000 |
| Total operating costs expenses and other | 9,886,000,000 | 9,069,000,000 |
| Operating income | 3,950,000,000 | 3,360,000,000 |
| Earnings from equity investments | 710,000,000 | 647,000,000 |
| Interest net | -1,285,000,000 | -1,359,000,000 |
| Other net | 59,000,000 | 39,000,000 |
| Total other expense | -516,000,000 | -673,000,000 |
| Income before income taxes | 3,434,000,000 | 2,687,000,000 |
| Income tax expense | -749,000,000 | -548,000,000 |
| Net income | 2,685,000,000 | 2,139,000,000 |
| Net income attributable to noncontrolling interests | -78,000,000 | -79,000,000 |
| Net income attributable to kinder morgan | 2,607,000,000 | 2,060,000,000 |
| Diluted shares | 2,226,000,000 | 2,223,000,000 |
| Diluted EPS | 1.17 | 0.92 |
| Net income allocated to common stockholders | 2,594,000,000 | 2,049,000,000 |
| Dividends declared per share | 0.8925 | 0.8775 |
| Cash flow | ||
| Operating cash flow | 5,041,000,000 | 4,225,000,000 |
| Acquisitions of assets net of cash acquired | -503,000,000 | -648,000,000 |
| Capital expenditures | -2,831,000,000 | -2,206,000,000 |
| Net cash used in investing activities | -3,381,000,000 | -2,702,000,000 |
| Issuances of debt | 6,415,000,000 | 8,434,000,000 |
| Payments of debt | -5,079,000,000 | -7,910,000,000 |
| Dividends paid | -1,984,000,000 | -1,950,000,000 |
| Distributions to noncontrolling interests | -119,000,000 | -122,000,000 |
| Net cash used in financing activities | -826,000,000 | -1,604,000,000 |
| Free cash flow | 2,210,000,000 | 2,019,000,000 |
KMI trailing twelve month income statement and cash flow
| Twelve months ended September 30, 2026 | |
|---|---|
| Period start | 2025-10-01 |
| Period end | 2026-09-30 |
| Period type | trailing twelve months |
| Source accession | 10-Q |
| Source accessions | 10-K, 10-Q |
| Income statement | |
| Total revenues | 18,344,000,000 |
| Operating income | 5,314,000,000 |
| Net income | 3,706,000,000 |
| Net income attributable to kinder morgan | 3,603,000,000 |
| Net income allocated to common stockholders | 3,585,000,000 |
| Cash flow | |
| Operating cash flow | 6,733,000,000 |
| Capital expenditures | -3,651,000,000 |
| Free cash flow | 3,082,000,000 |
| Dividends paid | -2,638,000,000 |
- Derivation. Full year 2025 from the FY2025 10-K, less the nine months ended September 30, 2025, plus the nine months ended September 30, 2026, both from the Q3 2026 10-Q
Adjustments
| Splits applied | none |
|---|---|
| ADR ratio | n/a |
| FX | none; Kinder Morgan reports in US dollars |
Notes
- Kinder Morgan, Inc. is a pipeline and terminals operator. The record follows the company's own consolidated statements of income, balance sheets and statements of cash flows. There is no gross profit line: the company reports costs of sales exclusive of depreciation, depletion and amortization and of its other operating costs, so revenue less costs of sales is not a margin the company presents.
- Annual figures for 2025, 2024 and 2023 come from the FY2025 Form 10-K (accession 0001506307-26-000011). The 10-K prints balance sheets only at December 31, 2025 and 2024, so FY2023 carries an income statement and cash flows but no balance sheet.
- Quarterly figures for the three months ended September 30, 2026 and 2025, the nine-month figures, and the balance sheet at September 30, 2026 come from the Q3 2026 Form 10-Q (accession 0001506307-26-000132). The December 31, 2025 balance sheet that the 10-Q prints as its comparative agrees line for line with the 10-K.
- All money amounts are stored in actual US dollars. Amounts the statements print in parentheses are stored as negative numbers, exactly as printed: for example income tax expense, interest (net), net income attributable to noncontrolling interests, capital expenditures, dividends paid and debt repayments are negative.
- Basic and diluted earnings per share are identical in every period; the company states its potential common stock equivalents (unvested stock awards and convertible trust preferred securities) are antidilutive. Earnings per share use the two-class method, so the numerator is net income allocated to common stockholders (net income attributable to Kinder Morgan, Inc. less the share allocated to participating unvested stock awards), taken from the earnings per share note. The share count shown is the basic and diluted weighted average; common_shares_outstanding is the period-end issued and outstanding count from the balance sheet.
- Total debt is the current portion of debt plus total long-term debt as carried on the balance sheet, including debt fair value adjustments. On this basis the September 30, 2026 figure is $33,073 million, the same debt balance the 10-Q cites in its net debt discussion.
- Free cash flow is computed here as net cash provided by operating activities less capital expenditures. It is not the company's own distributable cash flow measure, which the company calculates differently.
- The 10-Q prints its cash flow statement only for the nine months ended September 30, so no three-month cash flow figures are shown for the quarters.
- Declared dividends per share come from the 10-K's dividends table (per share cash dividend declared for the period) and from the 10-Q's consolidated earnings results tables. Dividends paid in the cash flow statement are the cash paid in the period, which lags the declaration by a quarter.
- The trailing twelve months ended September 30, 2026 are derived: full-year 2025 from the 10-K, less the nine months ended September 30, 2025, plus the nine months ended September 30, 2026, both from the 10-Q. No trailing per-share figure is given, because the company prints no weighted share count for that span.
- The 'Other income, net' line inside operating costs (a credit of $83 million in the third quarter of 2026, which includes the $71 million net gain the 10-Q reports on the September 1, 2026 divestiture of terminals in the Tampa, Florida area) is included in total operating costs, expenses and other and is not broken out separately.
- No stock split, currency translation or depositary-share adjustment applies: the company reports in US dollars and its Class P common stock trades directly on the New York Stock Exchange.
Uncertainties
- Three-month cash flow figures for the third quarters of 2026 and 2025 are not available from the filings this page covers, because the 10-Q presents cash flows only on a nine-month basis.
- Trailing-twelve-month figures are a calculation from the 10-K and 10-Q columns, not figures the company prints.
Company details
| Name | Kinder Morgan, Inc. |
|---|---|
| Ticker | KMI |
| CIK | 0001506307 |
| Exchange | NYSE |
| State | Texas |
| Incorporation | Delaware |
| SIC | 4922 |
| Office | Energy & Transportation |
| Industry | Natural Gas Transmission |
Fiscal period
| Fiscal year | 2026 |
|---|---|
| Fiscal period | Q3 |
| Tag | FY26Q3 |
| Period end | 2026-09-30 |
| Form | 10-Q |
| Accession | 0001506307-26-000132 |
| Fiscal year end | 1231 |
| Source | facts |
Source filings
| Role | Current | Form | Fiscal year | Fiscal period | Tag | Period end | Filed | Accession | Source |
|---|---|---|---|---|---|---|---|---|---|
| annual | no | 10-K | 2025 | FY | FY25 | 2025-12-31 | 2026-02-13 | 0001506307-26-000011 | reported |
| quarterly | yes | 10-Q | 2026 | Q3 | FY26Q3 | 2026-09-30 | 2026-10-23 | 0001506307-26-000132 | facts |
FAQ · Kinder Morgan financial statements
How much revenue did Kinder Morgan report in Q3 FY2026?
Kinder Morgan reported $4.53 billion in revenue for Q3 FY2026, the quarter ended September 30, 2026. That is up 9.3% from $4.15 billion in the same quarter a year earlier.
What was Kinder Morgan's net income in Q3 FY2026?
Net income attributable to Kinder Morgan was $764 million for Q3 FY2026, up 21.7% from $628 million in the same quarter a year earlier. The quarter included legal, environmental and other expense accruals in the West Coast refined products business, partly offset by a gain on the sale of terminals in the Tampa, Florida area.
What were Kinder Morgan's earnings per share in Q3 FY2026?
Kinder Morgan earned $0.34 per diluted share for Q3 FY2026, the quarter ended September 30, 2026, against $0.28 in the same quarter a year earlier.
What was Kinder Morgan's operating income in Q3 FY2026?
Kinder Morgan's operating income was $1.16 billion for Q3 FY2026, up 9.1% from $1.06 billion in the same quarter a year earlier.
Where can I get Kinder Morgan, Inc. (KMI) financial data in machine-readable form?
Ticker Scout publishes Kinder Morgan, Inc.'s financial statements as JSON at https://tickerscout.ai/kmi/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/kmi/narrative.md and https://tickerscout.ai/kmi/events.md. Kinder Morgan, Inc.'s SEC CIK is 0001506307. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does Kinder Morgan, Inc. (KMI) next file with the SEC?
Kinder Morgan, Inc. (KMI) is expected to file its next Form 10-K with the SEC on or around February 12, 2027. That date is a projection rather than a company-announced date: it is derived from Kinder Morgan, Inc.'s own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q3 FY2026, the period ended 2026-09-30, SEC accession 0001506307-26-000132.
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How this page was built
This page was built from two of Kinder Morgan, Inc.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names two such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
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