Kinder Morgan, Inc. (KMI) Financials
Key financial figures for Kinder Morgan, Inc. (Q2 2026).
Kinder Morgan posted a record second quarter with net income of $867 million (+21% YoY) and Adjusted EBITDA of $2.199 billion (+12% YoY), while Adjusted EPS rose 32% to $0.37 and Net Debt-to-Adjusted EBITDA improved to 3.6x. Net income attributable to KMI was $867 million (+21% YoY), an all-time record for the second quarter; Adjusted EBITDA was $2.199 billion (+12% YoY), also a Q2 record. Adjusted EPS was $0.37, up 32% year-over-year; GAAP diluted EPS was $0.39, up 22%. Segment EBDA was mixed sequentially: Natural Gas Pipelines $1.461 billion (+8.5% YoY) and Products Pipelines $339 million (+17.3% YoY) both grew, while Terminals was roughly flat at $309 million (+3.0% YoY) and CO2 rose to $207 million (+42.8% YoY) on higher realized oil and NGL prices. On the outlook: For full-year 2026, KMI now expects to be more than 5% favorable to its original budget on an Adjusted EBITDA basis (budget: $8.6 billion) and more than 12% favorable to budget on Adjusted EPS (budget: $1.36), and expects to end the year with an improved Net Debt-to-Adjusted EBITDA ratio of approximately 3.6x versus the 3.8x originally budgeted. Figures are for Q2 2026, as Kinder Morgan, Inc. reported them.
- Revenue
- $4.5B
- Net Income
- $894M
- EPS
- $0.39
- Total Assets
- $74.1B
- Operating Cash Flow
- $2.0B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $4.5B | $867M | $0.39 | 30.06% | $978M |
| Q1 FY2026 | $4.8B | $976M | $0.44 | 29.91% | $687M |
| Q4 FY2025 | $4.5B | $996M | $0.45 | 30.26% | $1.6B |
| Q3 FY2025 | $4.1B | $628M | $0.28 | 25.62% | $621M |
| Q2 FY2025 | $4.0B | $715M | $0.32 | 28.28% | $1.0B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $16.9B | $3.1B | $1.37 | 28.39% | $3.2B |
| FY2024 | $15.1B | $2.6B | $1.17 | 29.08% | $3.0B |
| FY2023 | $15.2B | $2.4B | $1.06 | 26.69% | $4.1B |
Frequently asked questions
What was Kinder Morgan, Inc.'s revenue last quarter?
Kinder Morgan, Inc. reported revenue of $4.48 billion for Q2 FY2026, up 10.8% from the same period a year earlier.
Is Kinder Morgan, Inc. profitable?
Yes. Kinder Morgan, Inc. reported net income of $867.0 million for Q2 FY2026, a net margin of 19.37% on revenue.
How has Kinder Morgan, Inc.'s margin trended?
Operating margin was 30.06% in Q2 FY2026, compared with 28.28% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Kinder Morgan, Inc. generate?
Kinder Morgan, Inc. generated free cash flow of $978.0 million in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Kinder Morgan, Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.