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.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	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
Revenue	15.2B YoY+12.7%	13.5B YoY-1.2%	13.6B YoY-24.7%	18.1B YoY+12.2%	16.2B YoY+60.0%
Cost of revenue	—	—	—	9.26B YoY+42.5%	6.49B YoY+155.1%
	746M YoY+1.4%	736M YoY-3.0%	759M YoY+28.0%	593M YoY-4.8%	623M
Selling, general & administrative	744M YoY+4.5%	712M YoY+6.6%	668M YoY+4.9%	637M YoY-2.7%	655M YoY+1.1%
General & administrative	744M YoY+4.5%	712M YoY+6.6%	668M YoY+4.9%	637M YoY-2.7%	655M YoY+1.1%
Amortization of intangibles	190M YoY-3.6%	197M YoY-2.5%	202M YoY-20.2%	253M YoY+6.8%	237M YoY+11.8%
Operating income	4.72B YoY+7.8%	4.38B YoY+2.8%	4.26B YoY+4.9%	4.07B YoY+39.4%	2.92B YoY+86.9%
Net interest income	—	—	-1.80B YoY-18.8%	-1.51B YoY-1.4%	-1.49B
Other non-operating income	173M YoY+540.7%	27.0M YoY+173.0%	-37.0M YoY-167.3%	55.0M YoY-80.5%	282M YoY+403.6%
Equity-method income	896M YoY+6.7%	840M YoY+8.8%	772M YoY-3.9%	803M YoY+35.9%	591M YoY-24.2%
Pre-tax income	3.99B YoY+17.2%	3.41B YoY+6.4%	3.20B YoY-4.0%	3.33B YoY+50.3%	2.22B YoY+235.7%
Income tax	832M YoY+21.1%	687M YoY-3.9%	715M YoY+0.7%	710M YoY+92.4%	369M YoY-23.3%
	3.06B YoY+17.0%	2.61B YoY+9.3%	2.39B YoY-6.2%	2.55B YoY+42.8%	1.78B YoY+1399.2%
Net income to non-controlling interest	104M YoY-2.8%	107M YoY+12.6%	95.0M YoY+23.4%	77.0M YoY+16.7%	66.0M YoY+8.2%
Net income to common	—	2.61B YoY+9.3%	2.39B YoY-6.2%	2.55B YoY+42.8%	1.78B YoY+1399.2%
	$1.37 YoY+17.1%	$1.17 YoY+10.4%	$1.06 YoY-5.4%	$1.12 YoY+43.6%	$0.78 YoY+1460.0%
EPS (basic)	$1.37 YoY+17.1%	$1.17 YoY+10.4%	$1.06 YoY-5.4%	$1.12 YoY+43.6%	$0.78 YoY+1460.0%
Weighted-avg shares (basic)	2.22B YoY+0.1%	2.22B YoY-0.6%	2.23B YoY-1.1%	2.26B YoY-0.4%	2.27B YoY+0.1%
Weighted-avg shares (diluted)	2.22B YoY+0.1%	2.22B YoY-0.6%	2.23B YoY-1.1%	2.26B YoY-0.4%	2.27B YoY+0.1%
Dividends per share	$1.17 YoY+1.7%	$1.15 YoY+1.8%	$1.13 YoY+1.8%	$1.11 YoY+2.8%	$1.08 YoY+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 YoY+9.2%	2.52B YoY-0.8%	2.54B YoY-33.2%	3.80B YoY-0.7%	3.83B YoY+19.5%
Cash & equivalents	63.0M YoY-28.4%	88.0M YoY+6.0%	83.0M YoY-88.9%	745M YoY-34.6%	1.14B YoY-3.7%
Short-term investments	0.00	0.00	0.00	0.00	0.00
Accounts receivable	1.19B YoY+0.0%	1.19B YoY+0.0%	1.19B YoY+0.0%	1.19B YoY+0.0%	1.19B YoY+0.0%
Inventory	574M YoY+3.4%	555M YoY+5.7%	525M YoY-17.2%	634M YoY+12.8%	562M YoY+61.5%
Other current assets	357M YoY+45.1%	246M YoY-26.1%	333M YoY+9.5%	304M YoY+5.2%	289M YoY+72.0%
	72.7B YoY+1.9%	71.4B YoY+0.5%	71.0B YoY+1.3%	70.1B YoY-0.5%	70.4B YoY-2.2%
Property, plant & equipment	39.3B YoY+3.5%	38.0B YoY+1.9%	37.3B YoY+4.8%	35.6B YoY-0.2%	35.7B YoY-0.5%
Operating lease right-of-use	216M YoY-14.6%	253M YoY-11.2%	285M YoY-0.7%	287M YoY-8.9%	315M YoY+4.0%
Goodwill	20.1B YoY+0.0%	20.1B YoY-0.2%	20.1B YoY+0.8%	20.0B YoY+0.3%	19.9B YoY+0.3%
Intangible assets	1.73B YoY-1.7%	1.76B YoY-10.1%	1.96B YoY+8.2%	1.81B YoY+7.8%	1.68B YoY-31.6%
Long-term investments	7.53B YoY-4.0%	7.84B YoY-0.4%	7.87B YoY+2.9%	7.65B YoY+1.0%	7.58B YoY-4.3%
Deferred tax assets	0.00	0.00	0.00	0.00 YoY-100.0%	115M YoY-78.5%
Other non-current assets	1.32B YoY+11.2%	1.18B YoY-3.7%	1.23B YoY-1.6%	1.25B YoY-24.3%	1.65B YoY-24.3%
	4.32B YoY-15.3%	5.10B YoY-29.4%	7.22B YoY+4.2%	6.93B YoY+19.1%	5.82B YoY+14.7%
Accounts payable	1.41B YoY+0.9%	1.40B YoY+2.1%	1.37B YoY-5.4%	1.44B YoY+14.7%	1.26B YoY+50.4%
Accrued liabilities	6.83B YoY+0.0%	6.83B YoY+0.0%	6.83B YoY+0.0%	6.83B YoY+0.0%	6.83B YoY+0.0%
Deferred revenue	74.0M YoY+0.0%	74.0M YoY+0.0%	74.0M YoY+0.0%	74.0M YoY+0.0%	74.0M YoY+0.0%
Short-term & current debt	1.23B YoY-39.0%	2.01B YoY-50.4%	4.05B YoY+19.6%	3.38B YoY+27.9%	2.65B YoY+3.4%
Current lease liability	49.0M YoY-18.3%	60.0M YoY+9.1%	55.0M YoY+17.0%	47.0M YoY+4.4%	45.0M YoY+12.5%
	40.3B YoY+1.9%	39.5B YoY+0.6%	39.3B YoY+3.5%	38.0B YoY-1.4%	38.5B YoY-2.3%
Long-term debt	30.8B YoY+3.0%	29.9B YoY+6.5%	28.1B YoY-1.2%	28.4B YoY-7.4%	30.7B YoY-4.5%
Deferred revenue (non-current)	223M YoY+0.0%	223M YoY+0.0%	223M YoY+0.0%	223M YoY+0.0%	223M YoY+0.0%
Non-current lease liability	167M YoY-13.5%	193M YoY-16.1%	230M YoY-4.2%	240M YoY-11.1%	270M YoY+2.7%
Deferred tax liabilities	2.89B YoY+39.7%	2.07B YoY+49.1%	1.39B YoY+122.8%	623M	0.00
Other non-current liabilities	2.51B YoY+0.0%	2.51B YoY+0.0%	2.51B YoY+0.0%	2.51B YoY+0.0%	2.51B YoY+0.0%
Total non-current liabilities	36.0B YoY+4.5%	34.4B YoY+7.4%	32.1B YoY+3.3%	31.0B YoY-5.0%	32.7B YoY-4.8%
	31.2B YoY+2.1%	30.5B YoY+0.7%	30.3B YoY-1.4%	30.7B YoY-0.3%	30.8B YoY-1.9%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	22.0M YoY+0.0%	22.0M YoY+0.0%	22.0M YoY+0.0%	22.0M YoY-4.3%	23.0M YoY+0.0%
Additional paid-in capital	41.3B YoY+0.1%	41.2B YoY+0.1%	41.2B YoY-1.2%	41.7B YoY-0.3%	41.8B YoY+0.1%
Retained earnings	-10.2B YoY+4.3%	-10.6B YoY+0.5%	-10.7B YoY-1.3%	-10.6B YoY+0.4%	-10.6B YoY-6.6%
Accumulated other comprehensive income	45.0M YoY+147.4%	-95.0M YoY+56.2%	-217M YoY+46.0%	-402M YoY+2.2%	-411M YoY-1.0%
Non-controlling interest	1.29B YoY-3.7%	1.34B YoY-6.1%	1.42B YoY+3.7%	1.37B YoY+25.0%	1.10B YoY+173.1%
Total equity incl. non-controlling	32.4B YoY+1.8%	31.9B YoY+0.4%	31.7B YoY-1.2%	32.1B YoY+0.6%	31.9B YoY+0.3%
Total liabilities & equity	72.7B YoY+1.9%	71.4B YoY+0.5%	71.0B YoY+1.3%	70.1B YoY-0.5%	70.4B YoY-2.2%
Common shares issued	2.22B YoY+0.1%	2.22B YoY+0.1%	2.22B YoY-1.2%	2.25B YoY-0.9%	2.27B YoY+0.1%
Common shares outstanding	2.22B YoY+0.1%	2.22B YoY+0.1%	2.22B YoY-1.2%	2.25B YoY-0.9%	2.27B YoY+0.1%
Shares outstanding (cover)	2.22B YoY+0.1%	2.22B YoY-0.1%	2.22B YoY-1.1%	2.25B YoY-0.9%	2.27B YoY+0.2%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	5.92B YoY+5.0%	5.63B YoY-13.2%	6.49B YoY+30.7%	4.97B YoY-13.0%	5.71B YoY+25.5%
Depreciation & amortization	2.45B YoY+4.2%	2.35B YoY+4.6%	2.25B YoY+2.9%	2.19B YoY+2.4%	2.13B YoY-1.3%
Deferred income taxes	780M YoY+20.6%	647M YoY-8.9%	710M YoY+2.6%	692M YoY+94.9%	355M YoY+2.9%
Change in receivables	192M YoY+469.2%	-52.0M YoY+82.7%	-301M YoY-236.8%	220M YoY-17.0%	265M YoY+401.1%
Change in inventory	21.0M YoY+75.0%	12.0M YoY+106.4%	-188M YoY-202.7%	183M YoY-9.4%	202M YoY+1362.5%
Change in payables	96.0M YoY+2020.0%	-5.00M YoY+97.5%	-201M YoY-224.8%	161M YoY-58.4%	387M YoY+2136.8%
Other operating activities	-115M YoY-1542.9%	-7.00M YoY+86.0%	-50.0M YoY+10.7%	-56.0M YoY+50.0%	-112M YoY-245.5%
	-3.18B YoY-20.9%	-2.63B YoY+37.0%	-4.17B YoY-92.0%	-2.17B YoY+5.6%	-2.31B YoY-153.0%
Capital expenditure	3.03B YoY+15.1%	2.63B YoY+13.5%	2.32B YoY+42.9%	1.62B YoY+26.5%	1.28B YoY-25.0%
Other investing activities	39.0M YoY+750.0%	-6.00M YoY-118.8%	32.0M YoY+633.3%	-6.00M YoY-175.0%	8.00M YoY-68.0%
	-2.84B YoY+1.5%	-2.89B YoY+4.2%	-3.01B YoY+4.2%	-3.15B YoY+9.2%	-3.46B YoY-31.3%
Common stock repurchased	0.00 YoY-100.0%	7.00M YoY-98.7%	522M YoY+41.8%	368M	0.00 YoY-100.0%
Dividends paid	2.60B YoY+1.8%	2.56B YoY+1.1%	2.53B YoY+1.0%	2.50B YoY+2.5%	2.44B YoY+3.4%
Other financing activities	-29.0M YoY-45.0%	-20.0M YoY+31.0%	-29.0M YoY-107.1%	-14.0M YoY+44.0%	-25.0M YoY-92.3%
FX effect on cash	0.00 YoY+100.0%	-1.00M	0.00	0.00	0.00 YoY+100.0%
Net change in cash	-105M YoY-189.0%	118M YoY+116.9%	-698M YoY-97.7%	-353M YoY-469.4%	-62.0M YoY-106.2%
Interest paid	1.81B YoY-0.3%	1.82B YoY-1.5%	1.84B YoY+26.3%	1.46B YoY-4.5%	1.53B YoY-7.9%
Income taxes paid	47.0M YoY+42.4%	33.0M YoY+200.0%	11.0M YoY-15.4%	13.0M YoY+30.0%	10.0M YoY-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 YoY+0.5%	60.9B YoY+55.2%	39.2B YoY-3.5%	40.6B YoY+13.0%	36.0B YoY+16.2%
P/E	20.0× YoY-14.1%	23.3× YoY+46.2%	15.9× YoY-1.6%	16.2× YoY-19.7%	20.2× YoY-92.2%
P/S	4.0× YoY-10.9%	4.5× YoY+63.6%	2.8× YoY+22.7%	2.2× YoY+1.0%	2.2× YoY-27.4%
P/B	2.0× YoY-1.6%	2.0× YoY+53.5%	1.3× YoY-1.9%	1.3× YoY+13.5%	1.2× YoY+18.5%
P/FCF	21.2× YoY+4.5%	20.3× YoY+75.5%	11.5× YoY-6.5%	12.3× YoY+52.0%	8.1× YoY-25.4%
Earnings yield	5.0% YoY+16.4%	4.3% YoY-31.6%	6.3% YoY+1.7%	6.2% YoY+24.5%	5.0% YoY+1190.1%
FCF yield	4.7% YoY-4.3%	4.9% YoY-43.0%	8.7% YoY+7.0%	8.1% YoY-34.2%	12.3% YoY+34.0%
Dividend yield	4.3% YoY+1.4%	4.2% YoY-34.5%	6.4% YoY+4.3%	6.1% YoY-9.8%	6.8% YoY-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.

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About this data

financial statements