KMI (Kinder Morgan, Inc.) Stock Financials & Earnings | Market Cap Arena

KMI (Kinder Morgan, Inc.) Stock Financials & Earnings | Market Cap Arena

KMIKinder Morgan, Inc.

Mkt Cap$74B

Energy·Oil & Gas Midstream·🇺🇸 United States·NYSE

Revenue (TTM)$16.9B

Net Income (TTM)$3.1B

EPS (TTM)$1.37

Free Cash Flow (TTM)$3.6B

Gross Margin43.7%

Op. Margin28.4%

Net Margin18.0%

FCF Margin21.2%

P/S Ratio (TTM)4.4x

P/E Ratio (TTM)24.2x

YoY Rev Growth+12.5%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$3.8B	$1.3B	$1.0B
Q2 23	$3.5B	$1.2B	$957M
Q3 23	$3.9B	$1.2B	$971M
Q4 23	$4.0B	$1.3B	$1.1B
Q1 24	$3.8B	$1.5B	$1.2B
Q2 24	$3.6B	$1.3B	$1.0B
Q3 24	$3.7B	$1.3B	$1.0B
Q4 24	$4.0B	$1.4B	$1.1B
Q1 25	$4.3B	$1.5B	$1.2B
Q2 25	$4.0B	$1.4B	$1.1B
Q3 25	$4.1B	$1.4B	$1.1B
Q4 25	$4.5B	$3.1B	$1.4B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	3.9x	28.9x
Q2 23	4.3x	29.5x
Q3 23	4.7x	30.0x
Q4 23	4.9x	31.0x
Q1 24	4.9x	30.1x
Q2 24	4.8x	30.3x
Q3 24	4.9x	29.2x
Q4 24	4.9x	28.4x
Q1 25	4.8x	28.7x
Q2 25	4.6x	27.2x
Q3 25	4.5x	27.2x
Q4 25	4.4x	24.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$1.3B	$826M
Q2 23	$1.6B	$1.0B
Q3 23	$1.3B	$639M
Q4 23	$2.3B	$1.7B
Q1 24	$1.2B	$605M
Q2 24	$1.7B	$1.1B
Q3 24	$1.2B	$592M
Q4 24	$1.5B	$734M
Q1 25	$1.2B	$396M
Q2 25	$1.6B	$1.0B
Q3 25	$1.4B	$621M
Q4 25	$1.8B	$1.6B

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$507M
Q2 23	$535M
Q3 23	$647M
Q4 23	$656M
Q1 24	$619M
Q2 24	$639M
Q3 24	$657M
Q4 24	$776M
Q1 25	$766M
Q2 25	$647M
Q3 25	$793M
Q4 25	$172M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-14.3%	-13.9%
Q2 23	-35.1%	-39.5%
Q3 23	-25.5%	-30.7%
Q4 23	-12.2%	-17.9%
Q1 24	+0.8%	-4.3%
Q2 24	+3.6%	+1.7%
Q3 24	-6.0%	-9.2%
Q4 24	-0.1%	-2.6%
Q1 25	+11.0%	+14.1%
Q2 25	+12.4%	+13.2%
Q3 25	+12.8%	+15.5%
Q4 25	+13.6%	+11.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$64M	1.6%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q1 23	—	$166M
Q2 23	—	$169M
Q3 23	—	$162M
Q4 23	—	$171M
Q1 24	$175M	—
Q2 24	$179M	—
Q3 24	$176M	—
Q4 24	$182M	—
Q1 25	$187M	—
Q2 25	$188M	—
Q3 25	$375M	—
Q4 25	$186M	—

Revenue Segments

Quarter	Co2	Natural Gas Pipelines	Products Pipelines	Terminals
Q1 23	$298M	$2.5B	$668M	$461M
Q2 23	$302M	$2.0B	$735M	$478M
Q3 23	$328M	$2.3B	$862M	$484M
Q4 23	$312M	$2.4B	$801M	$494M
Q1 24	$302M	$2.3B	$728M	$496M
Q2 24	$306M	$2.0B	$776M	$509M
Q3 24	$319M	$2.2B	$711M	$498M
Q4 24	$277M	$2.4B	$740M	$519M
Q1 25	$312M	$2.8B	$663M	$518M
Q2 25	$290M	$2.5B	$691M	$533M
Q3 25	$282M	$2.7B	$677M	$518M
Q4 25	$286M	$3.0B	$655M	$535M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$416M	$0	$416M
Q2 23	$497M	$0	$497M
Q3 23	$80M	$0	$80M
Q4 23	$83M	$0	$83M
Q1 24	$119M	$0	$119M
Q2 24	$98M	$0	$98M
Q3 24	$108M	$0	$108M
Q4 24	$88M	$0	$88M
Q1 25	$80M	$0	$80M
Q2 25	$82M	$0	$82M
Q3 25	$71M	$0	$71M
Q4 25	$109M	$0	$109M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	2.25B	-0.0%
Q2 23	2.24B	-0.4%
Q3 23	2.23B	-0.3%
Q4 23	2.22B	-0.4%
Q1 24	2.22B	-0.0%
Q2 24	2.22B	-0.0%
Q3 24	2.22B	+0.1%
Q4 24	2.22B	-0.0%
Q1 25	2.22B	+0.1%
Q2 25	2.22B	+0.0%
Q3 25	2.22B	+0.1%
Q4 25	2.23B	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$1M	12K
FY 15	$1M	11K
FY 16	$1M	11K
FY 17	$1M	11K
FY 18	$1M	11K
FY 19	$1M	11K
FY 20	$1M	11K
FY 21	$2M	11K
FY 22	$2M	11K
FY 23	$1M	11K
FY 24	$1M	11K
FY 25	$2M	11K