Kinder Morgan, Inc. (KMI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 4.83B | 4.51B | 4.15B | 4.04B | 4.25B | 3.97B | 3.68B | 3.6B | 3.83B | 3.97B | 3.91B | 3.47B | 3.8B | 4.52B | 5.25B | 5.35B | 4.43B | 4.48B | 3.96B | 3.24B |
| Revenue Growth % | 13.49% | 13.64% | 12.79% | 12.37% | 10.98% | -0.05% | -6.03% | 3.57% | 0.82% | -12.15% | -25.47% | -35.12% | -14.25% | 0.89% | 32.62% | 65.42% | -24.36% | 44.36% | 37.48% | 29.7% |
| Cost of Goods Sold | 2.46B | 1.45B | 2.79B | 2.6B | 2.71B | 2.53B | 2.39B | 2.27B | 2.35B | 2.62B | 2.67B | 2.24B | 2.48B | 3.26B | 3.97B | 3.89B | 2.94B | 3.19B | 2.7B | 2.04B |
| COGS % of Revenue | 50.95% | 32.1% | 67.29% | 64.32% | 63.75% | 63.88% | 64.91% | 63.16% | 61.39% | 66.11% | 68.33% | 64.61% | 65.26% | 72.13% | 75.58% | 72.63% | 66.19% | 71.35% | 68.22% | 63.1% |
| Gross Profit | 2.37B | 3.06B | 1.36B | 1.44B | 1.54B | 1.43B | 1.29B | 1.32B | 1.48B | 1.34B | 1.24B | 1.23B | 1.32B | 1.26B | 1.28B | 1.47B | 1.5B | 1.28B | 1.26B | 1.19B |
| Gross Margin % | 49.05% | 67.9% | 32.71% | 35.68% | 36.25% | 36.12% | 35.09% | 36.84% | 38.61% | 33.89% | 31.67% | 35.39% | 34.74% | 27.87% | 24.42% | 27.37% | 33.81% | 28.65% | 31.78% | 36.9% |
| Gross Profit Growth % | 53.57% | 113.61% | 5.12% | 8.83% | 4.19% | 6.54% | 4.12% | 7.81% | 12.04% | 6.83% | -3.35% | -16.11% | -11.87% | -1.87% | 1.91% | 22.7% | -43.03% | 10.41% | 21.31% | 30.35% |
| Operating Expenses | 924M | 1.7B | 294M | 299M | 299M | 288M | 283M | 288M | 286M | 273M | 268M | 272M | 276M | 268M | 275M | 268M | 267M | 267M | 280M | 268M |
| OpEx % of Revenue | 19.14% | 37.64% | 7.09% | 7.4% | 7.03% | 7.26% | 7.7% | 8.01% | 7.46% | 6.88% | 6.85% | 7.83% | 7.26% | 5.93% | 5.24% | 5.01% | 6.02% | 5.96% | 7.07% | 8.28% |
| Selling, General & Admin | 298M | 186M | 375M | 188M | 187M | 182M | 176M | 179M | 175M | 171M | 162M | 169M | 166M | 167M | 162M | 152M | 156M | 165M | 174M | 160M |
| SG&A % of Revenue | 6.17% | 4.13% | 9.04% | 4.65% | 4.4% | 4.59% | 4.79% | 4.98% | 4.57% | 4.31% | 4.14% | 4.87% | 4.37% | 3.7% | 3.09% | 2.84% | 3.52% | 3.68% | 4.4% | 4.94% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 1.44B | 1.36B | 1.06B | 1.14B | 1.24B | 1.15B | 1.01B | 1.04B | 1.19B | 1.07B | 971M | 957M | 1.04B | 991M | 1.01B | 1.2B | 1.23B | 1.02B | 978M | 926M |
| Operating Margin % | 29.91% | 30.26% | 25.62% | 28.28% | 29.22% | 28.86% | 27.39% | 28.83% | 31.15% | 27.01% | 24.82% | 27.56% | 27.49% | 21.93% | 19.18% | 22.36% | 27.79% | 22.69% | 24.71% | 28.62% |
| Operating Income Growth % | 16.17% | 19.13% | 5.46% | 10.22% | 4.1% | 6.81% | 3.71% | 8.36% | 14.26% | 8.17% | -3.57% | -20.05% | -15.18% | -2.46% | 2.97% | 29.27% | -47.91% | 13.9% | 26.52% | 40.73% |
| EBITDA | 2.08B | 1.98B | 1.67B | 1.76B | 1.85B | 1.74B | 1.59B | 1.62B | 1.78B | 1.64B | 1.53B | 1.51B | 1.61B | 1.54B | 1.56B | 1.74B | 1.77B | 1.56B | 1.5B | 1.45B |
| EBITDA Margin % | 43.02% | 43.97% | 40.3% | 43.52% | 43.56% | 43.89% | 43.36% | 45.07% | 46.46% | 41.3% | 39.16% | 43.59% | 42.35% | 34.2% | 29.68% | 32.51% | 39.92% | 34.75% | 38% | 44.93% |
| EBITDA Growth % | 12.09% | 13.84% | 4.83% | 8.51% | 4.04% | 6.22% | 4.05% | 7.07% | 10.62% | 6.08% | -1.67% | -12.99% | -9.04% | -0.71% | 3.59% | 19.67% | -39.09% | 9.58% | 14.63% | 22.18% |
| D&A (Non-Cash Add-back) | 633M | 618M | 609M | 616M | 610M | 596M | 587M | 584M | 587M | 567M | 561M | 557M | 565M | 554M | 551M | 543M | 538M | 540M | 526M | 528M |
| EBIT | 1.72B | 981M | 1.29B | 1.37B | 1.38B | 1.33B | 1.23B | 1.24B | 1.46B | 1.27B | 1.15B | 1.23B | 1.34B | 1.3B | 1.13B | 1.21B | 1.25B | 1.15B | 1.01B | -600M |
| Net Interest Income | -430M | -442M | -456M | -452M | -450M | -442M | -461M | -465M | -475M | -449M | -454M | -452M | -445M | -414M | -400M | -369M | -372M | -373M | -368M | -377M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 430M | 442M | 456M | 452M | 450M | 442M | 461M | 465M | 475M | 449M | 454M | 452M | 445M | 414M | 400M | 369M | 372M | 373M | 368M | 377M |
| Other Income/Expense | -156M | -59M | -223M | -224M | -314M | -254M | -243M | -267M | -212M | -248M | -271M | -179M | -146M | -100M | -278M | -360M | -354M | -241M | -333M | -1.9B |
| Pretax Income | 1.29B | 1.3B | 839M | 919M | 929M | 891M | 764M | 770M | 982M | 824M | 700M | 778M | 899M | 891M | 729M | 837M | 878M | 775M | 645M | -977M |
| Pretax Margin % | 26.68% | 28.95% | 20.24% | 22.74% | 21.84% | 22.46% | 20.78% | 21.41% | 25.62% | 20.76% | 17.89% | 22.4% | 23.65% | 19.72% | 13.89% | 15.64% | 19.8% | 17.31% | 16.3% | -30.19% |
| Income Tax | 287M | 284M | 185M | 177M | 186M | 197M | 113M | 168M | 209M | 206M | 145M | 168M | 196M | 198M | 134M | 184M | 194M | 121M | 134M | -237M |
| Effective Tax Rate % | 22.28% | 21.76% | 22.05% | 19.26% | 20.02% | 22.11% | 14.79% | 21.82% | 21.28% | 25% | 20.71% | 21.59% | 21.8% | 22.22% | 18.38% | 21.98% | 22.1% | 15.61% | 20.78% | 24.26% |
| Net Income | 976M | 996M | 628M | 715M | 717M | 667M | 625M | 575M | 746M | 594M | 532M | 586M | 679M | 670M | 576M | 635M | 667M | 637M | 495M | -757M |
| Net Margin % | 20.22% | 22.09% | 15.15% | 17.69% | 16.85% | 16.81% | 17% | 15.99% | 19.46% | 14.97% | 13.6% | 16.87% | 17.86% | 14.83% | 10.97% | 11.86% | 15.04% | 14.23% | 12.51% | -23.39% |
| Net Income Growth % | 36.12% | 49.33% | 0.48% | 24.35% | -3.89% | 12.29% | 17.48% | -1.88% | 9.87% | -11.34% | -7.64% | -7.72% | 1.8% | 5.18% | 16.36% | 183.88% | -52.66% | 4.94% | 8.79% | -18.84% |
| Net Income (Continuing) | 1B | 1.02B | 654M | 742M | 743M | 694M | 651M | 602M | 773M | 618M | 555M | 610M | 703M | 693M | 595M | 653M | 684M | 654M | 511M | -740M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 1.26B | 1.29B | 1.29B | 1.31B | 1.32B | 1.34B | 1.34B | 1.36B | 1.37B | 1.42B | 1.32B | 1.34B | 1.36B | 1.37B | 1.38B | 1.08B | 1.09B | 1.1B | 1.1B | 1.11B |
| EPS (Diluted) | 0.44 | 0.45 | 0.28 | 0.32 | 0.32 | 0.30 | 0.28 | 0.26 | 0.33 | 0.27 | 0.24 | 0.26 | 0.30 | 0.30 | 0.25 | 0.28 | 0.29 | 0.28 | 0.22 | -0.34 |
| EPS Growth % | 37.5% | 50% | 0% | 23.08% | -3.03% | 11.11% | 16.67% | 0% | 10% | -10% | -4% | -7.14% | 3.45% | 7.14% | 13.64% | 182.35% | -53.23% | 3.7% | 10% | -21.43% |
| EPS (Basic) | 0.44 | 0.45 | 0.28 | 0.32 | 0.32 | 0.30 | 0.28 | 0.26 | 0.33 | 0.27 | 0.24 | 0.26 | 0.30 | 0.30 | 0.25 | 0.28 | 0.29 | 0.28 | 0.22 | -0.34 |
| Diluted Shares Outstanding | 2.23B | 2.23B | 2.22B | 2.22B | 2.22B | 2.22B | 2.22B | 2.22B | 2.22B | 2.22B | 2.23B | 2.24B | 2.25B | 2.25B | 2.25B | 2.27B | 2.27B | 2.27B | 2.27B | 2.27B |
| Basic Shares Outstanding | 2.23B | 2.23B | 2.22B | 2.22B | 2.22B | 2.22B | 2.22B | 2.22B | 2.22B | 2.22B | 2.23B | 2.24B | 2.25B | 2.25B | 2.25B | 2.27B | 2.27B | 2.27B | 2.27B | 2.27B |
| Dividend Payout Ratio | 67.01% | 65.66% | 104.14% | 91.47% | 89.54% | 96.25% | 102.88% | 111.48% | 84.58% | 106.23% | 119.17% | 108.7% | 92.34% | 93.73% | 109.2% | 99.37% | 92.35% | 98.9% | 128.89% | - |