Kinder Morgan (KMI) Financials

$27.97 -0.03 (-0.11%)

As of 05/20/2025 03:58 PM Eastern

Annual Income Statements for Kinder Morgan

This table shows Kinder Morgan's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	2,613	2,391	2,548	1,784	119	2,190	1,481	27	552	227
Consolidated Net Income / (Loss)	2,720	2,486	2,625	1,850	180	2,239	1,919	223	721	208
Net Income / (Loss) Continuing Operations	2,720	2,486	2,625	1,850	180	2,239	1,919	223	721	208
Total Pre-Tax Income	3,407	3,201	3,335	2,219	661	3,165	2,506	2,161	1,638	772
Total Operating Income	4,384	4,263	4,065	2,916	1,560	4,873	3,794	3,529	3,538	2,447
Total Gross Profit	10,330	9,975	9,504	9,691	8,777	9,520	9,378	8,962	9,208	9,905
Total Revenue	15,100	15,334	19,200	16,610	11,700	13,209	14,144	13,705	13,058	14,403
Operating Revenue	15,100	15,334	19,200	16,610	11,700	13,209	14,144	13,705	13,058	11,129
Total Cost of Revenue	4,770	5,359	9,696	6,919	2,923	3,689	4,766	4,743	3,850	4,498
Operating Cost of Revenue	4,337	4,938	9,255	6,493	2,545	3,263	4,421	4,345	3,429	4,059
Other Cost of Revenue	433	421	441	426	378	426	345	398	421	439
Total Operating Expenses	5,946	5,712	5,439	6,775	7,217	4,647	5,584	5,433	5,670	7,458
Selling, General & Admin Expense	3,684	3,475	3,292	3,023	3,123	3,181	3,123	3,160	3,075	3,083
Depreciation Expense	2,354	2,250	2,186	2,135	2,164	2,411	2,297	2,261	2,209	2,309
Other Operating Expenses / (Income)	-92	-13	-39	-7.00	-2.00	-3.00	-3.00	-1.00	-1.00	-3.00
Total Other Income / (Expense), net	-977	-1,062	-730	-697	-899	-1,708	-1,288	-1,368	-1,900	-1,675
Interest & Investment Income	-954	-959	-710	-901	-815	-1,700	-1,300	-1,404	-113	384
Other Income / (Expense), net	-23	-103	-20	204	-84	-8.00	12	36	19	-8.00
Income Tax Expense	687	715	710	369	481	926	587	1,938	917	564
Net Income / (Loss) Attributable to Noncontrolling Interest	107	95	77	66	61	49	310	40	13	-45
Basic Earnings per Share	$1.17	$1.06	$1.12	$0.78	$0.05	$0.96	$0.66	$0.01	$0.25	$0.10
Weighted Average Basic Shares Outstanding	2.22B	2.23B	2.26B	2.27B	2.26B	2.26B	2.22B	2.23B	2.23B	2.19B
Diluted Earnings per Share	$1.17	$1.06	$1.12	$0.78	$0.05	$0.96	$0.66	$0.01	$0.25	$0.10
Weighted Average Diluted Shares Outstanding	2.22B	2.23B	2.26B	2.27B	2.26B	2.26B	2.22B	2.23B	2.23B	2.19B
Weighted Average Basic & Diluted Shares Outstanding	2.22B	2.22B	2.25B	2.27B	2.26B	2.26B	2.22B	2.23B	2.23B	2.27B
Cash Dividends to Common per Share	$1.15	$1.13	$1.10	$1.07	$1.04	$0.95	$0.80	$0.50	$0.50	$1.61

This table shows Kinder Morgan's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	717	667	625	575	746	594	532	586	679	670	576
Consolidated Net Income / (Loss)	743	694	651	602	773	618	555	610	703	693	595
Net Income / (Loss) Continuing Operations	743	694	651	602	773	618	555	610	703	693	595
Total Pre-Tax Income	929	891	764	770	982	824	700	778	899	891	729
Total Operating Income	1,145	1,108	1,015	1,038	1,223	1,101	938	1,030	1,194	1,104	931
Total Gross Profit	2,653	2,642	2,568	2,496	2,624	2,589	2,396	2,427	2,563	2,517	2,347
Total Revenue	4,241	3,987	3,699	3,572	3,842	4,038	3,907	3,501	3,888	4,579	5,177
Operating Revenue	4,241	3,987	3,699	3,572	3,842	4,038	3,907	3,501	3,888	4,579	5,177
Total Cost of Revenue	1,588	1,345	1,131	1,076	1,218	1,449	1,511	1,074	1,325	2,062	2,830
Operating Cost of Revenue	1,476	1,239	1,024	967	1,107	1,347	1,405	971	1,215	1,961	2,717
Other Cost of Revenue	112	106	107	109	111	102	106	103	110	101	113
Total Operating Expenses	1,508	1,534	1,553	1,458	1,401	1,488	1,458	1,397	1,369	1,413	1,416
Selling, General & Admin Expense	898	943	966	920	855	916	900	854	805	862	874
Depreciation Expense	610	596	587	584	587	567	561	557	565	554	551
Other Operating Expenses / (Income)	0.00	-81	-1.00	-1.00	-9.00	-11	0.00	-1.00	-1.00	-33	0.00
Total Other Income / (Expense), net	-216	-217	-251	-268	-241	-277	-238	-252	-295	-213	-202
Interest & Investment Income	-231	-214	-255	-256	-229	-221	-223	-235	-280	-187	-204
Other Income / (Expense), net	15	-3.00	4.00	-12	-12	-56	-15	-17	-15	-26	2.00
Income Tax Expense	186	197	113	168	209	206	145	168	196	198	134
Net Income / (Loss) Attributable to Noncontrolling Interest	26	27	26	27	27	24	23	24	24	23	19
Basic Earnings per Share	$0.32	$0.30	$0.28	$0.26	$0.33	$0.26	$0.24	$0.26	$0.30	$0.30	$0.25
Weighted Average Basic Shares Outstanding	2.22B	2.22B	2.22B	2.22B	2.22B	2.23B	2.23B	2.24B	2.25B	2.26B	2.25B
Diluted Earnings per Share	$0.32	$0.30	$0.28	$0.26	$0.33	$0.26	$0.24	$0.26	$0.30	$0.30	$0.25
Weighted Average Diluted Shares Outstanding	2.22B	2.22B	2.22B	2.22B	2.22B	2.23B	2.23B	2.24B	2.25B	2.26B	2.25B
Weighted Average Basic & Diluted Shares Outstanding	2.22B	2.22B	2.22B	2.22B	2.22B	2.22B	2.22B	2.23B	2.24B	2.25B	2.25B
Cash Dividends to Common per Share	$0.29	-	$0.29	$0.29	$0.28	-	$0.28	$0.28	$0.28	-	$0.28

This table details how cash moves in and out of Kinder Morgan's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	118	-698	-353	-62	1,001	-3,151	3,151	-483	498	-86
Net Cash From Operating Activities	5,635	6,491	4,967	5,708	4,550	4,748	5,043	4,601	4,758	5,313
Net Cash From Continuing Operating Activities	5,635	6,491	4,967	5,708	4,550	4,748	5,043	4,601	4,758	5,313
Net Income / (Loss) Continuing Operations	2,720	2,486	2,625	1,850	180	2,239	1,919	223	721	208
Consolidated Net Income / (Loss)	2,720	2,486	2,625	1,850	180	2,239	1,919	223	721	208
Depreciation Expense	2,354	2,250	2,186	2,135	2,164	2,411	2,297	2,322	2,268	2,360
Non-Cash Adjustments To Reconcile Net Income	-58	26	-275	1,529	1,735	-443	45	11	854	1,838
Changes in Operating Assets and Liabilities, net	619	1,729	431	194	331	458	687	2,045	915	907
Net Cash From Investing Activities	-2,629	-4,175	-2,175	-2,305	-911	-1,714	-68	-3,403	-1,625	-5,706
Net Cash From Continuing Investing Activities	-2,629	-4,175	-2,175	-2,305	-911	-1,714	-68	-3,403	-1,625	-5,706
Purchase of Property, Plant & Equipment	-2,629	-2,317	-1,621	-1,281	-1,707	-2,270	-2,904	-3,188	-2,552	-3,896
Acquisitions	-183	-2,054	-716	-1,585	-402	-1,378	-472	-688	-741	-2,175
Sale of Property, Plant & Equipment	0.00	0.00	0.00	406	1,069	82	104	118	-	39
Sale and/or Maturity of Investments	177	228	156	163	154	333	237	374	266	228
Other Investing Activities, net	6.00	-32	6.00	-8.00	-25	-8.00	-31	4.00	1.00	98
Net Cash From Financing Activities	-2,887	-3,014	-3,145	-3,465	-2,638	-6,185	-1,824	-1,681	-2,637	317
Net Cash From Continuing Financing Activities	-2,887	-3,014	-3,145	-3,465	-2,638	-6,185	-1,824	-1,681	-2,637	317
Repayment of Debt	-10,610	-7,405	-9,774	-6,883	-4,034	-11,262	-14,650	-11,143	-10,087	-15,151
Repurchase of Common Equity	-7.00	-522	-368	0.00	-50	-2.00	-273	-250	0.00	-12
Payment of Dividends	-2,711	-2,680	-2,620	-2,545	-2,456	-3,108	-1,852	-1,318	-1,296	-4,258
Issuance of Debt	10,441	7,590	9,058	5,959	3,888	8,036	14,751	8,868	8,629	14,316
Issuance of Common Equity	0.00	3.00	2.00	4.00	0.00	-	-	1,677	117	3,881
Other Financing Activities, net	0.00	0.00	557	0.00	14	151	200	485	0.00	0.00
Cash Interest Paid	1,816	1,844	1,460	1,529	1,661	1,860	1,879	1,854	2,050	1,985
Cash Income Taxes Paid	33	11	13	10	227	372	-109	-140	4.00	-331

This table details how cash moves in and out of Kinder Morgan's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	81	81	9.00	-19	47	-1.00	-423	82	-356	71	306
Net Cash From Operating Activities	1,162	1,510	1,249	1,687	1,189	2,322	1,286	1,550	1,333	1,404	915
Net Cash From Continuing Operating Activities	1,162	1,510	1,249	1,687	1,189	2,322	1,286	1,550	1,333	1,404	915
Net Income / (Loss) Continuing Operations	743	694	651	602	773	618	555	610	703	693	595
Consolidated Net Income / (Loss)	743	694	651	602	773	618	555	610	703	693	595
Depreciation Expense	610	596	587	584	587	567	561	557	565	554	551
Non-Cash Adjustments To Reconcile Net Income	-36	43	-14	-7.00	-80	23	-14	-23	40	-97	-121
Changes in Operating Assets and Liabilities, net	-155	177	25	508	-91	1,114	184	406	25	254	-110
Net Cash From Investing Activities	-1,414	-771	-686	-600	-572	-2,442	-647	-578	-508	-630	-873
Net Cash From Continuing Investing Activities	-1,414	-771	-686	-600	-572	-2,442	-647	-578	-508	-630	-873
Purchase of Property, Plant & Equipment	-766	-772	-657	-581	-619	-628	-647	-535	-507	-477	-365
Acquisitions	-690	-32	-49	-84	-18	-1,862	-42	-105	-45	-168	-528
Sale and/or Maturity of Investments	45	60	36	46	35	62	48	57	61	30	22
Other Investing Activities, net	-3.00	-27	-16	19	30	-14	-6.00	5.00	-17	-15	-2.00
Net Cash From Financing Activities	333	-657	-554	-1,106	-570	119	-1,062	-890	-1,181	-703	264
Net Cash From Continuing Financing Activities	333	-657	-554	-1,106	-570	119	-1,062	-890	-1,181	-703	264
Repayment of Debt	-1,860	-1,622	-2,729	-2,359	-3,900	-2,307	-1,569	-333	-3,196	-170	-3,749
Repurchase of Common Equity	0.00	-	-	-	-7.00	-132	-73	-204	-113	-35	-160
Payment of Dividends	-683	-673	-685	-683	-670	-661	-675	-678	-666	-659	-661
Issuance of Debt	2,876	1,638	2,860	1,936	4,007	3,217	1,254	325	2,794	160	4,276
Issuance of Common Equity	0.00	-	-	-	0.00	2.00	1.00	-	0.00	1.00	1.00
Cash Interest Paid	657	274	628	308	606	339	586	302	617	182	486
Cash Income Taxes Paid	3.00	7.00	15	13	-2.00	1.00	1.00	8.00	1.00	1.00	2.00

This table presents Kinder Morgan's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	71,407	71,020	70,078	70,416	71,973	74,157	78,866	79,055	80,305	84,104
Total Current Assets	2,521	2,542	3,803	3,829	3,203	3,238	5,722	2,715	3,229	2,824
Cash & Equivalents	88	83	745	1,140	1,184	185	3,280	264	684	229
Restricted Cash	126	13	49	7.00	25	24	51	62	103	60
Accounts Receivable	1,506	1,588	1,840	1,611	1,293	1,379	1,498	1,448	1,370	1,315
Inventories, net	555	525	634	562	348	371	385	424	357	407
Other Current Assets	246	333	535	509	353	354	508	352	535	773
Plant, Property, & Equipment, net	38,013	37,297	35,599	35,653	35,836	36,419	37,897	40,155	38,705	40,547
Total Noncurrent Assets	30,873	31,181	30,676	30,934	32,934	34,500	35,247	36,185	38,371	40,733
Long-Term Investments	7,845	7,874	7,653	7,578	7,917	7,759	7,481	7,298	7,027	6,040
Goodwill	20,084	20,121	19,965	19,914	19,851	21,451	21,965	22,162	22,152	23,790
Intangible Assets	1,760	1,957	1,809	1,678	2,453	2,676	2,880	3,099	3,318	3,551
Other Noncurrent Operating Assets	1,184	1,229	1,249	1,649	2,177	1,757	1,355	1,582	1,522	2,029
Total Liabilities & Shareholders' Equity	71,407	71,020	70,078	70,416	71,973	74,157	78,866	79,055	80,305	84,104
Total Liabilities	39,540	39,291	37,964	38,495	39,407	39,268	43,669	43,931	45,503	48,701
Total Current Liabilities	5,101	7,221	6,930	5,821	5,074	5,100	7,557	6,181	5,924	4,065
Short-Term Debt	2,009	4,049	3,385	2,646	2,558	2,477	3,388	2,828	2,696	821
Accounts Payable	1,395	1,366	1,444	1,259	837	914	1,337	1,340	1,257	1,192
Accrued Expenses	878	1,021	857	964	887	797	894	1,136	1,346	1,357
Current Deferred & Payable Income Tax Liabilities	276	272	264	270	267	364	483	256	-	-
Other Current Nonoperating Liabilities	543	513	515	504	525	548	579	621	625	695
Total Noncurrent Liabilities	34,439	32,070	31,034	32,674	34,333	34,168	36,112	37,750	39,579	44,636
Long-Term Debt	29,881	28,067	28,403	30,674	32,131	31,915	33,936	35,015	37,354	42,406
Noncurrent Deferred Revenue	2,488	2,615	2,008	2,000	2,202	2,253	2,176	2,735	2,225	2,230
Noncurrent Deferred & Payable Income Tax Liabilities	2,070	1,388	623	0.00	-	-	-	-	-	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	31,867	31,729	32,114	31,921	31,838	34,086	34,531	35,124	34,802	35,403
Total Preferred & Common Equity	30,531	30,306	30,742	30,823	31,436	33,742	33,678	33,636	34,431	35,119
Total Common Equity	30,531	30,306	30,742	30,823	31,436	33,742	33,678	33,636	34,431	35,119
Common Stock	41,259	41,212	41,695	41,829	41,779	41,768	41,724	41,931	41,761	41,683
Retained Earnings	-10,633	-10,689	-10,551	-10,595	-9,936	-7,693	-7,716	-7,754	-6,669	-6,103
Accumulated Other Comprehensive Income / (Loss)	-95	-217	-402	-411	-407	-333	-330	-541	-661	-461
Noncontrolling Interest	1,336	1,423	1,372	1,098	402	344	853	1,488	371	284

This table presents Kinder Morgan's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	72,318	71,407	70,879	70,702	70,736	71,020	68,862	69,073	68,931	70,078	69,992
Total Current Assets	2,579	2,521	2,177	2,190	2,307	2,542	2,433	2,718	2,696	3,803	3,819
Cash & Equivalents	80	88	108	98	119	83	80	497	416	745	483
Restricted Cash	215	126	25	26	24	13	17	23	22	49	240
Accounts Receivable	1,476	1,506	1,265	1,293	1,404	1,588	1,502	1,284	1,321	1,840	1,873
Inventories, net	577	555	526	537	548	525	565	569	589	634	715
Other Current Assets	231	246	253	236	212	333	269	345	348	535	508
Plant, Property, & Equipment, net	38,701	38,013	37,709	37,533	37,313	37,297	35,944	35,759	35,639	35,599	35,534
Total Noncurrent Assets	31,038	30,873	30,993	30,979	31,116	31,181	30,485	30,596	30,596	30,676	30,639
Long-Term Investments	7,877	7,845	7,882	7,851	7,906	7,874	7,674	7,665	7,616	7,653	7,465
Goodwill	20,084	20,084	20,084	20,084	20,094	20,121	19,965	19,965	19,965	19,965	19,965
Intangible Assets	1,868	1,760	1,809	1,858	1,907	1,957	1,652	1,696	1,743	1,809	1,875
Other Noncurrent Operating Assets	1,209	1,184	1,218	1,186	1,209	1,229	1,194	1,270	1,272	1,249	1,334
Total Liabilities & Shareholders' Equity	72,318	71,407	70,879	70,702	70,736	71,020	68,862	69,073	68,931	70,078	69,992
Total Liabilities	40,392	39,540	39,133	39,008	38,993	39,291	37,281	37,164	36,817	37,964	37,857
Total Current Liabilities	5,778	5,101	4,731	5,958	4,575	7,221	6,251	5,603	4,775	6,930	6,148
Short-Term Debt	3,044	2,009	1,984	3,062	1,975	4,049	3,130	2,760	2,160	3,385	2,634
Accounts Payable	1,246	1,395	1,256	1,204	1,074	1,366	1,430	1,142	1,087	1,444	1,579
Accrued Expenses	947	878	727	717	695	1,021	958	939	833	857	810
Current Deferred & Payable Income Tax Liabilities	202	276	286	223	196	272	-	-	-	264	297
Other Current Nonoperating Liabilities	339	543	361	524	365	513	387	511	351	515	327
Total Noncurrent Liabilities	34,614	34,439	34,402	33,050	34,418	32,070	31,030	31,561	32,042	31,034	31,709
Long-Term Debt	29,965	29,881	30,047	28,649	30,171	28,067	27,871	28,632	29,346	28,403	29,107
Noncurrent Deferred Revenue	2,416	2,488	2,502	2,672	2,679	2,615	2,047	1,919	1,865	2,008	2,160
Noncurrent Deferred & Payable Income Tax Liabilities	2,233	2,070	1,853	1,729	1,568	1,388	1,112	1,010	831	623	442
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	31,926	31,867	31,746	31,694	31,743	31,729	31,581	31,909	32,114	32,114	32,135
Total Preferred & Common Equity	30,605	30,531	30,406	30,338	30,372	30,306	30,258	30,569	30,757	30,742	30,756
Total Common Equity	30,605	30,531	30,406	30,338	30,372	30,306	30,258	30,569	30,757	30,742	30,756
Common Stock	41,272	41,259	41,239	41,240	41,222	41,212	41,328	41,409	41,597	41,695	41,712
Retained Earnings	-10,558	-10,633	-10,658	-10,640	-10,574	-10,689	-10,652	-10,550	-10,499	-10,551	-10,593
Accumulated Other Comprehensive Income / (Loss)	-109	-95	-175	-262	-276	-217	-418	-290	-341	-402	-363
Noncontrolling Interest	1,321	1,336	1,340	1,356	1,371	1,423	1,323	1,340	1,357	1,372	1,379

This table displays calculated financial ratios and metrics derived from Kinder Morgan's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.53%	-20.14%	15.59%	41.97%	-11.42%	-6.61%	3.20%	4.95%	-9.34%	-11.24%
EBITDA Growth	4.76%	2.87%	18.57%	39.02%	-48.63%	18.73%	5.28%	1.06%	21.38%	-26.93%
EBIT Growth	4.83%	2.84%	29.65%	111.38%	-69.66%	27.82%	6.76%	0.22%	45.84%	-45.59%
NOPAT Growth	5.72%	3.48%	31.61%	472.28%	-87.68%	18.65%	697.79%	-76.62%	136.21%	-81.25%
Net Income Growth	9.41%	-5.30%	41.89%	927.78%	-91.96%	16.68%	760.54%	-69.07%	246.63%	-91.49%
EPS Growth	10.38%	-5.36%	43.59%	1,460.00%	-94.79%	45.45%	6,500.00%	-96.00%	150.00%	-88.76%
Operating Cash Flow Growth	-13.19%	30.68%	-12.98%	25.45%	-4.17%	-5.85%	9.61%	-3.30%	-10.45%	18.94%
Free Cash Flow Firm Growth	26.07%	-31.93%	4.54%	50.18%	-43.60%	-27.08%	218.99%	-70.06%	949.92%	91.48%
Invested Capital Growth	-0.26%	0.75%	-1.84%	-2.79%	-3.74%	-2.17%	-5.57%	-2.51%	-7.31%	2.06%
Revenue Q/Q Growth	-0.34%	-3.41%	0.81%	8.56%	-1.99%	-3.15%	1.06%	1.81%	-1.86%	-2.14%
EBITDA Q/Q Growth	1.34%	-0.31%	2.40%	-0.10%	-22.54%	18.07%	4.45%	-1.39%	24.09%	-19.36%
EBIT Q/Q Growth	1.40%	-0.79%	3.37%	-0.54%	-40.05%	22.45%	6.70%	-2.52%	48.15%	-33.23%
NOPAT Q/Q Growth	1.01%	-0.97%	1.84%	1.80%	-13.30%	16.51%	296.39%	-84.35%	257.54%	-75.40%
Net Income Q/Q Growth	2.87%	-2.93%	1.51%	1.70%	-2.17%	5.91%	351.53%	-84.41%	413.48%	-86.23%
EPS Q/Q Growth	3.54%	-3.64%	1.82%	1.30%	0.00%	6.67%	0.00%	0.00%	256.25%	-77.78%
Operating Cash Flow Q/Q Growth	-12.60%	16.47%	2.82%	0.00%	-7.31%	-0.86%	8.01%	0.85%	-10.38%	18.54%
Free Cash Flow Firm Q/Q Growth	43.59%	-30.46%	5.27%	-10.16%	-45.21%	102.27%	32.80%	-41.47%	23.14%	93.02%
Invested Capital Q/Q Growth	0.21%	2.16%	-0.08%	0.19%	-0.67%	-4.03%	-0.99%	-1.74%	-0.98%	-2.56%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	68.41%	65.05%	49.50%	58.34%	75.02%	72.07%	66.30%	65.39%	70.52%	68.77%
EBITDA Margin	44.47%	41.80%	32.45%	31.64%	32.31%	55.71%	43.82%	42.96%	44.61%	33.32%
Operating Margin	29.03%	27.80%	21.17%	17.56%	13.33%	36.89%	26.82%	25.75%	27.09%	16.99%
EBIT Margin	28.88%	27.13%	21.07%	18.78%	12.62%	36.83%	26.91%	26.01%	27.24%	16.93%
Profit (Net Income) Margin	18.01%	16.21%	13.67%	11.14%	1.54%	16.95%	13.57%	1.63%	5.52%	1.44%
Tax Burden Percent	79.84%	77.66%	78.71%	83.37%	27.23%	70.74%	76.58%	10.32%	44.02%	26.94%
Interest Burden Percent	78.12%	76.95%	82.45%	71.12%	44.78%	65.06%	65.84%	60.62%	46.05%	31.65%
Effective Tax Rate	20.16%	22.34%	21.29%	16.63%	72.77%	29.26%	23.42%	89.68%	55.98%	73.06%
Return on Invested Capital (ROIC)	6.22%	5.89%	5.66%	4.20%	0.71%	5.60%	4.53%	0.55%	2.21%	0.91%
ROIC Less NNEP Spread (ROIC-NNEP)	3.03%	2.49%	3.32%	1.93%	-0.23%	1.05%	1.13%	0.10%	-0.16%	-0.30%
Return on Net Nonoperating Assets (RNNOA)	2.34%	1.89%	2.54%	1.53%	-0.18%	0.79%	0.93%	0.09%	-0.16%	-0.32%
Return on Equity (ROE)	8.55%	7.79%	8.20%	5.74%	0.53%	6.39%	5.46%	0.64%	2.05%	0.60%
Cash Return on Invested Capital (CROIC)	6.48%	5.15%	7.52%	7.03%	4.53%	7.79%	10.26%	3.09%	9.80%	-1.12%
Operating Return on Assets (OROA)	6.12%	5.90%	5.76%	4.38%	2.02%	6.36%	4.82%	4.47%	4.33%	2.92%
Return on Assets (ROA)	3.82%	3.52%	3.74%	2.60%	0.25%	2.93%	2.43%	0.28%	0.88%	0.25%
Return on Common Equity (ROCE)	8.18%	7.45%	7.88%	5.54%	0.52%	6.15%	5.22%	0.62%	2.03%	0.59%
Return on Equity Simple (ROE_SIMPLE)	8.91%	8.20%	8.54%	6.00%	0.57%	6.64%	5.70%	0.66%	2.09%	0.59%
Net Operating Profit after Tax (NOPAT)	3,500	3,311	3,200	2,431	425	3,447	2,905	364	1,557	659
NOPAT Margin	23.18%	21.59%	16.66%	14.64%	3.63%	26.10%	20.54%	2.66%	11.93%	4.58%
Net Nonoperating Expense Percent (NNEP)	3.18%	3.40%	2.35%	2.27%	0.94%	4.55%	3.41%	0.44%	2.37%	1.21%
Return On Investment Capital (ROIC_SIMPLE)	5.49%	5.19%	5.01%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	31.59%	34.95%	50.50%	41.66%	24.98%	27.93%	33.70%	34.61%	29.48%	31.23%
SG&A Expenses to Revenue	24.40%	22.66%	17.15%	18.20%	26.69%	24.08%	22.08%	23.06%	23.55%	21.41%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	39.38%	37.25%	28.33%	40.79%	61.68%	35.18%	39.48%	39.64%	43.42%	51.78%
Earnings before Interest and Taxes (EBIT)	4,361	4,160	4,045	3,120	1,476	4,865	3,806	3,565	3,557	2,439
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6,715	6,410	6,231	5,255	3,780	7,359	6,198	5,887	5,825	4,799
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.97	1.21	1.16	0.98	0.78	1.05	0.71	0.81	0.88	0.61
Price to Tangible Book Value (P/TBV)	6.93	4.45	3.97	3.28	2.68	3.67	2.70	3.24	3.39	2.73
Price to Revenue (P/Rev)	3.99	2.39	1.85	1.82	2.09	2.67	1.68	1.98	2.32	1.48
Price to Earnings (P/E)	23.05	15.33	13.97	16.98	205.37	16.13	16.09	1,005.53	54.97	93.62
Dividend Yield	4.22%	6.82%	6.96%	8.03%	9.61%	6.09%	6.71%	4.11%	3.68%	20.27%
Earnings Yield	4.34%	6.52%	7.16%	5.89%	0.49%	6.20%	6.22%	0.10%	1.82%	1.07%
Enterprise Value to Invested Capital (EV/IC)	1.52	1.10	1.08	0.98	0.87	1.02	0.83	0.89	0.93	0.80
Enterprise Value to Revenue (EV/Rev)	5.66	4.06	3.14	3.37	4.37	4.69	3.67	4.29	4.82	4.06
Enterprise Value to EBITDA (EV/EBITDA)	12.72	9.71	9.68	10.65	13.53	8.42	8.37	10.00	10.81	12.18
Enterprise Value to EBIT (EV/EBIT)	19.58	14.96	14.91	17.94	34.64	12.74	13.63	16.51	17.70	23.96
Enterprise Value to NOPAT (EV/NOPAT)	24.40	18.79	18.85	23.03	120.36	17.98	17.85	161.62	40.42	88.63
Enterprise Value to Operating Cash Flow (EV/OCF)	15.16	9.59	12.14	9.81	11.24	13.05	10.28	12.79	13.23	11.00
Enterprise Value to Free Cash Flow (EV/FCFF)	23.42	21.51	14.19	13.77	18.89	12.91	7.88	28.53	9.14	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.00	1.01	0.99	1.04	1.07	0.99	1.06	1.08	1.15	1.22
Long-Term Debt to Equity	0.94	0.88	0.88	0.96	0.99	0.91	0.96	1.00	1.07	1.20
Financial Leverage	0.77	0.76	0.76	0.79	0.77	0.76	0.82	0.91	1.00	1.07
Leverage Ratio	2.24	2.21	2.19	2.21	2.17	2.18	2.25	2.28	2.34	2.39
Compound Leverage Factor	1.75	1.70	1.81	1.57	0.97	1.42	1.48	1.38	1.08	0.76
Debt to Total Capital	50.02%	50.30%	49.74%	51.07%	51.58%	49.64%	51.47%	51.86%	53.51%	54.98%
Short-Term Debt to Total Capital	3.15%	6.34%	5.30%	4.06%	3.80%	3.58%	4.67%	3.88%	3.60%	1.04%
Long-Term Debt to Total Capital	46.87%	43.96%	44.45%	47.02%	47.77%	46.07%	46.79%	47.99%	49.90%	53.93%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.10%	2.23%	2.15%	1.68%	1.68%	1.66%	2.09%	2.04%	0.50%	0.36%
Common Equity to Total Capital	47.89%	47.47%	48.11%	47.24%	46.74%	48.70%	46.44%	46.10%	46.00%	44.66%
Debt to EBITDA	4.75	5.01	5.10	6.34	9.18	4.67	6.02	6.43	6.88	9.01
Net Debt to EBITDA	3.55	3.77	3.75	4.68	6.76	3.47	4.28	5.13	5.53	7.69
Long-Term Debt to EBITDA	4.45	4.38	4.56	5.84	8.50	4.34	5.48	5.95	6.41	8.84
Debt to NOPAT	9.11	9.70	9.94	13.71	81.66	9.98	12.85	103.92	25.72	65.57
Net Debt to NOPAT	6.81	7.29	7.30	10.12	60.18	7.40	9.13	82.98	20.70	55.97
Long-Term Debt to NOPAT	8.54	8.48	8.88	12.62	75.64	9.26	11.68	96.15	23.99	64.32
Altman Z-Score	1.08	0.68	0.76	0.61	0.38	0.76	0.50	0.50	0.55	0.41
Noncontrolling Interest Sharing Ratio	4.34%	4.38%	3.86%	3.46%	3.38%	3.80%	4.28%	2.66%	0.93%	0.91%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.49	0.35	0.55	0.66	0.63	0.63	0.76	0.44	0.55	0.69
Quick Ratio	0.31	0.23	0.37	0.47	0.49	0.49	0.63	0.28	0.35	0.38
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3,647	2,893	4,250	4,065	2,707	4,799	6,581	2,063	6,890	-811
Operating Cash Flow to CapEx	214.34%	280.15%	306.42%	652.34%	713.17%	217.00%	180.11%	149.87%	186.44%	137.75%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.82	-0.40
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.63	2.59
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.22	0.71
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.21	0.22	0.27	0.23	0.16	0.17	0.18	0.17	0.16	0.17
Accounts Receivable Turnover	9.76	8.95	11.13	11.44	8.76	9.18	9.60	9.73	9.73	9.74
Inventory Turnover	8.83	9.25	16.21	15.21	8.13	9.76	11.78	12.15	10.08	10.39
Fixed Asset Turnover	0.40	0.42	0.54	0.46	0.32	0.36	0.36	0.35	0.33	0.36
Accounts Payable Turnover	3.46	3.81	7.17	6.60	3.34	3.28	3.56	3.65	3.14	3.24
Days Sales Outstanding (DSO)	37.39	40.80	32.80	31.91	41.68	39.75	38.01	37.53	37.53	37.46
Days Inventory Outstanding (DIO)	41.32	39.47	22.51	24.00	44.89	37.40	30.98	30.05	36.22	35.14
Days Payable Outstanding (DPO)	105.64	95.69	50.88	55.29	109.33	111.36	102.51	99.93	116.09	112.79
Cash Conversion Cycle (CCC)	-26.92	-15.43	4.44	0.62	-22.76	-34.21	-33.52	-32.35	-42.35	-40.20
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	56,241	56,388	55,970	57,020	58,654	60,936	62,288	65,964	67,663	72,996
Invested Capital Turnover	0.27	0.27	0.34	0.29	0.20	0.21	0.22	0.21	0.19	0.20
Increase / (Decrease) in Invested Capital	-147	418	-1,050	-1,634	-2,282	-1,352	-3,676	-1,699	-5,333	1,470
Enterprise Value (EV)	85,403	62,223	60,319	55,986	51,132	61,966	51,861	58,856	62,951	58,434
Market Capitalization	60,236	36,654	35,606	30,293	24,439	35,320	23,830	27,149	30,344	21,252
Book Value per Share	$13.74	$13.63	$13.68	$13.59	$13.89	$14.90	$15.26	$15.06	$15.42	$15.74
Tangible Book Value per Share	$3.91	$3.70	$3.99	$4.07	$4.03	$4.25	$4.00	$3.75	$4.01	$3.49
Total Capital	63,757	63,845	63,902	65,241	67,255	69,281	72,521	72,967	74,852	78,630
Total Debt	31,890	32,116	31,788	33,320	34,689	34,392	37,324	37,843	40,050	43,227
Total Long-Term Debt	29,881	28,067	28,403	30,674	32,131	31,915	33,936	35,015	37,354	42,406
Net Debt	23,831	24,146	23,341	24,595	25,563	25,499	26,512	30,219	32,236	36,898
Capital Expenditures (CapEx)	2,629	2,317	1,621	875	638	2,188	2,800	3,070	2,552	3,857
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-785	-726	-536	-493	-522	-519	-1,778	-964	-786	-709
Debt-free Net Working Capital (DFNWC)	-571	-630	258	654	687	615	1,553	-638	1.00	-420
Net Working Capital (NWC)	-2,580	-4,679	-3,127	-1,992	-1,871	-1,862	-1,835	-3,466	-2,695	-1,241
Net Nonoperating Expense (NNE)	780	825	575	581	245	1,208	986	141	836	451
Net Nonoperating Obligations (NNO)	24,374	24,659	23,856	25,099	26,088	26,047	27,091	30,840	32,861	37,593
Total Depreciation and Amortization (D&A)	2,354	2,250	2,186	2,135	2,304	2,494	2,392	2,322	2,268	2,360
Debt-free, Cash-free Net Working Capital to Revenue	-5.20%	-4.73%	-2.79%	-2.97%	-4.46%	-3.93%	-12.57%	-7.03%	-6.02%	-4.92%
Debt-free Net Working Capital to Revenue	-3.78%	-4.11%	1.34%	3.94%	5.87%	4.66%	10.98%	-4.66%	0.01%	-2.92%
Net Working Capital to Revenue	-17.09%	-30.51%	-16.29%	-11.99%	-15.99%	-14.10%	-12.97%	-25.29%	-20.64%	-8.62%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.17	$1.06	$1.12	$0.78	$0.05	$0.96	$0.66	$0.01	$0.25	$0.10
Adjusted Weighted Average Basic Shares Outstanding	2.22B	2.23B	2.26B	2.27B	2.26B	2.27B	2.26B	2.23B	2.23B	2.19B
Adjusted Diluted Earnings per Share	$1.17	$1.06	$1.12	$0.78	$0.05	$0.96	$0.66	$0.01	$0.25	$0.10
Adjusted Weighted Average Diluted Shares Outstanding	2.22B	2.23B	2.26B	2.27B	2.26B	2.27B	2.26B	2.23B	2.23B	2.19B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.05	$0.96	$0.66	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	2.22B	2.22B	2.25B	2.27B	2.26B	2.26B	2.22B	2.21B	2.23B	2.23B
Normalized Net Operating Profit after Tax (NOPAT)	3,500	3,311	3,200	3,785	2,444	2,781	3,033	2,479	2,748	3,161
Normalized NOPAT Margin	23.18%	21.59%	16.66%	22.79%	20.89%	21.05%	21.45%	18.09%	21.04%	21.95%
Pre Tax Income Margin	22.56%	20.88%	17.37%	13.36%	5.65%	23.96%	17.72%	15.77%	12.54%	5.36%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.97	1.19
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.86	0.32
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.56	-0.69
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.55	-1.56
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	99.67%	107.80%	99.81%	137.57%	1,364.44%	138.81%	96.51%	591.03%	179.75%	2,047.12%
Augmented Payout Ratio	99.93%	128.80%	113.83%	137.57%	1,392.22%	138.90%	110.73%	703.14%	179.75%	2,052.88%

This table displays calculated financial ratios and metrics derived from Kinder Morgan's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.39%	-1.26%	-5.32%	2.03%	-1.18%	-11.81%	-24.53%	-32.03%	-9.43%	3.48%	35.38%
EBITDA Growth	-2.21%	5.52%	8.22%	2.55%	3.10%	-1.23%	0.00%	1.09%	11.65%	9.83%	8.32%
EBIT Growth	-5.15%	5.74%	10.40%	1.28%	2.71%	-3.06%	-1.07%	0.30%	15.14%	13.95%	10.55%
NOPAT Growth	-4.88%	4.51%	16.29%	0.49%	3.11%	-3.83%	-2.13%	2.90%	17.04%	7.11%	13.64%
Net Income Growth	-3.88%	12.30%	17.30%	-1.31%	9.96%	-10.82%	-6.72%	-6.59%	2.78%	5.96%	16.44%
EPS Growth	-3.03%	15.38%	16.67%	0.00%	10.00%	-13.33%	-4.00%	-7.14%	3.45%	7.14%	13.64%
Operating Cash Flow Growth	-2.27%	-34.97%	-2.88%	8.84%	-10.80%	65.38%	40.55%	-0.90%	22.97%	10.73%	-18.95%
Free Cash Flow Firm Growth	-97.22%	147.71%	-103.85%	-45.10%	-44.50%	-78.64%	-5.69%	-13.97%	-47.80%	-21.64%	-41.02%
Invested Capital Growth	1.60%	-0.26%	1.68%	0.59%	0.52%	0.75%	-1.46%	-0.13%	-0.50%	-1.84%	-1.57%
Revenue Q/Q Growth	6.37%	7.79%	3.56%	-7.03%	-4.85%	3.35%	11.60%	-9.95%	-15.09%	-11.55%	0.50%
EBITDA Q/Q Growth	4.06%	5.92%	-0.25%	-10.46%	11.54%	8.63%	-5.48%	-9.98%	6.86%	9.97%	-4.44%
EBIT Q/Q Growth	4.98%	8.44%	-0.68%	-15.28%	15.89%	13.22%	-8.88%	-14.08%	9.37%	15.54%	-7.62%
NOPAT Q/Q Growth	6.11%	-0.21%	6.57%	-15.70%	16.59%	11.03%	-7.91%	-13.51%	8.74%	13.00%	-3.18%
Net Income Q/Q Growth	7.06%	6.61%	8.14%	-22.12%	25.08%	11.35%	-9.02%	-13.23%	1.44%	16.47%	-8.88%
EPS Q/Q Growth	6.67%	7.14%	7.69%	-21.21%	26.92%	8.33%	-7.69%	-13.33%	0.00%	20.00%	-10.71%
Operating Cash Flow Q/Q Growth	-23.05%	20.90%	-25.96%	41.88%	-48.79%	80.56%	-17.03%	16.28%	-5.06%	53.44%	-41.50%
Free Cash Flow Firm Q/Q Growth	-98.14%	1,779.89%	-112.41%	-28.19%	65.47%	-73.87%	76.83%	-27.40%	-36.31%	15.34%	61.32%
Invested Capital Q/Q Growth	1.53%	0.21%	0.30%	-0.45%	-0.32%	2.16%	-0.77%	-0.52%	-0.09%	-0.08%	0.56%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	62.56%	66.27%	69.42%	69.88%	68.30%	64.12%	61.33%	69.32%	65.92%	54.97%	45.34%
EBITDA Margin	41.74%	42.66%	43.42%	45.07%	46.80%	39.92%	37.98%	44.84%	44.86%	35.64%	28.67%
Operating Margin	27.00%	27.79%	27.44%	29.06%	31.83%	27.27%	24.01%	29.42%	30.71%	24.11%	17.98%
EBIT Margin	27.35%	27.72%	27.55%	28.72%	31.52%	25.88%	23.62%	28.93%	30.32%	23.54%	18.02%
Profit (Net Income) Margin	17.52%	17.41%	17.60%	16.85%	20.12%	15.30%	14.21%	17.42%	18.08%	15.13%	11.49%
Tax Burden Percent	79.98%	77.89%	85.21%	78.18%	78.72%	75.00%	79.29%	78.41%	78.20%	77.78%	81.62%
Interest Burden Percent	80.09%	80.63%	74.98%	75.05%	81.09%	78.85%	75.84%	76.80%	76.25%	82.65%	78.14%
Effective Tax Rate	20.02%	22.11%	14.79%	21.82%	21.28%	25.00%	20.71%	21.59%	21.80%	22.22%	18.38%
Return on Invested Capital (ROIC)	5.91%	5.80%	6.36%	6.25%	6.83%	5.58%	5.43%	7.10%	8.05%	6.37%	4.95%
ROIC Less NNEP Spread (ROIC-NNEP)	5.21%	5.11%	5.47%	5.38%	6.05%	4.73%	4.64%	6.28%	7.10%	5.70%	4.28%
Return on Net Nonoperating Assets (RNNOA)	4.06%	3.94%	4.15%	4.06%	4.57%	3.59%	3.46%	4.72%	5.37%	4.35%	3.30%
Return on Equity (ROE)	9.97%	9.75%	10.51%	10.31%	11.40%	9.17%	8.89%	11.83%	13.42%	10.73%	8.25%
Cash Return on Invested Capital (CROIC)	4.51%	6.48%	4.56%	5.41%	5.45%	5.15%	7.48%	6.17%	6.45%	7.52%	7.15%
Operating Return on Assets (OROA)	5.93%	5.88%	5.97%	6.31%	6.90%	5.62%	5.40%	7.17%	8.26%	6.43%	4.92%
Return on Assets (ROA)	3.80%	3.69%	3.82%	3.70%	4.40%	3.33%	3.25%	4.31%	4.92%	4.14%	3.14%
Return on Common Equity (ROCE)	9.55%	9.32%	10.07%	9.88%	10.92%	8.77%	8.52%	11.38%	12.91%	10.31%	7.93%
Return on Equity Simple (ROE_SIMPLE)	8.79%	0.00%	8.70%	8.40%	8.42%	0.00%	8.46%	8.51%	8.60%	0.00%	8.41%
Net Operating Profit after Tax (NOPAT)	916	863	865	812	963	826	744	808	934	859	760
NOPAT Margin	21.59%	21.65%	23.38%	22.72%	25.06%	20.45%	19.04%	23.07%	24.01%	18.75%	14.68%
Net Nonoperating Expense Percent (NNEP)	0.70%	0.69%	0.89%	0.87%	0.79%	0.86%	0.79%	0.83%	0.96%	0.68%	0.67%
Return On Investment Capital (ROIC_SIMPLE)	1.41%	1.35%	-	-	-	1.29%	-	-	-	1.34%	-
Cost of Revenue to Revenue	37.44%	33.73%	30.58%	30.12%	31.70%	35.88%	38.67%	30.68%	34.08%	45.03%	54.66%
SG&A Expenses to Revenue	21.17%	23.65%	26.12%	25.76%	22.25%	22.68%	23.04%	24.39%	20.70%	18.83%	16.88%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	35.56%	38.48%	41.98%	40.82%	36.47%	36.85%	37.32%	39.90%	35.21%	30.86%	27.35%
Earnings before Interest and Taxes (EBIT)	1,160	1,105	1,019	1,026	1,211	1,045	923	1,013	1,179	1,078	933
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,770	1,701	1,606	1,610	1,798	1,612	1,484	1,570	1,744	1,632	1,484
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.07	1.97	1.61	1.43	1.30	1.21	1.15	1.17	1.16	1.16	1.08
Price to Tangible Book Value (P/TBV)	7.33	6.93	5.76	5.18	4.73	4.45	4.02	4.00	3.96	3.97	3.71
Price to Revenue (P/Rev)	4.09	3.99	3.24	2.83	2.59	2.39	2.19	2.08	1.90	1.85	1.74
Price to Earnings (P/E)	24.53	23.05	19.30	17.78	16.11	15.33	14.07	14.21	13.98	13.97	13.15
Dividend Yield	4.03%	4.22%	5.16%	5.79%	6.34%	6.82%	7.19%	7.00%	6.97%	6.96%	7.46%
Earnings Yield	4.08%	4.34%	5.18%	5.62%	6.21%	6.52%	7.11%	7.04%	7.15%	7.16%	7.61%
Enterprise Value to Invested Capital (EV/IC)	1.57	1.52	1.33	1.23	1.16	1.10	1.07	1.08	1.08	1.08	1.04
Enterprise Value to Revenue (EV/Rev)	5.78	5.66	4.91	4.47	4.26	4.06	3.73	3.51	3.22	3.14	3.05
Enterprise Value to EBITDA (EV/EBITDA)	13.42	12.72	11.23	10.55	10.07	9.71	9.22	9.37	9.45	9.68	9.53
Enterprise Value to EBIT (EV/EBIT)	20.84	19.58	17.29	16.32	15.52	14.96	14.13	14.33	14.43	14.91	14.82
Enterprise Value to NOPAT (EV/NOPAT)	25.93	24.40	21.47	20.51	19.48	18.79	17.72	17.92	18.16	18.85	18.46
Enterprise Value to Operating Cash Flow (EV/OCF)	15.97	15.16	11.54	10.58	10.25	9.59	10.63	11.58	11.62	12.14	12.01
Enterprise Value to Free Cash Flow (EV/FCFF)	35.03	23.42	29.29	22.74	21.32	21.51	14.24	17.53	16.75	14.19	14.37
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.03	1.00	1.01	1.00	1.01	1.01	0.98	0.98	0.98	0.99	0.99
Long-Term Debt to Equity	0.94	0.94	0.95	0.90	0.95	0.88	0.88	0.90	0.91	0.88	0.91
Financial Leverage	0.78	0.77	0.76	0.75	0.76	0.76	0.75	0.75	0.76	0.76	0.77
Leverage Ratio	2.25	2.24	2.21	2.20	2.19	2.21	2.18	2.18	2.16	2.19	2.19
Compound Leverage Factor	1.80	1.81	1.65	1.65	1.77	1.74	1.65	1.67	1.65	1.81	1.71
Debt to Total Capital	50.83%	50.02%	50.22%	50.01%	50.32%	50.30%	49.54%	49.59%	49.52%	49.74%	49.69%
Short-Term Debt to Total Capital	4.69%	3.15%	3.11%	4.83%	3.09%	6.34%	5.00%	4.36%	3.40%	5.30%	4.12%
Long-Term Debt to Total Capital	46.15%	46.87%	47.11%	45.18%	47.22%	43.96%	44.54%	45.23%	46.13%	44.45%	45.57%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.03%	2.10%	2.10%	2.14%	2.15%	2.23%	2.11%	2.12%	2.13%	2.15%	2.16%
Common Equity to Total Capital	47.13%	47.89%	47.68%	47.85%	47.54%	47.47%	48.35%	48.29%	48.34%	48.11%	48.15%
Debt to EBITDA	4.95	4.75	4.83	4.88	4.97	5.01	4.82	4.88	4.91	5.10	5.22
Net Debt to EBITDA	3.72	3.55	3.62	3.65	3.73	3.77	3.61	3.61	3.66	3.75	3.87
Long-Term Debt to EBITDA	4.49	4.45	4.53	4.40	4.67	4.38	4.33	4.45	4.58	4.56	4.78
Debt to NOPAT	9.56	9.11	9.24	9.48	9.62	9.70	9.27	9.34	9.44	9.94	10.10
Net Debt to NOPAT	7.19	6.81	6.93	7.10	7.21	7.29	6.95	6.91	7.03	7.30	7.50
Long-Term Debt to NOPAT	8.68	8.54	8.67	8.57	9.03	8.48	8.34	8.52	8.80	8.88	9.26
Altman Z-Score	0.95	0.92	0.76	0.66	0.63	0.53	0.55	0.61	0.66	0.62	0.59
Noncontrolling Interest Sharing Ratio	4.23%	4.34%	4.21%	4.24%	4.27%	4.38%	4.24%	3.81%	3.83%	3.86%	3.89%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.45	0.49	0.46	0.37	0.50	0.35	0.39	0.49	0.56	0.55	0.62
Quick Ratio	0.27	0.31	0.29	0.23	0.33	0.23	0.25	0.32	0.36	0.37	0.38
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	19	1,010	-60	485	675	408	1,561	883	1,216	1,909	1,655
Operating Cash Flow to CapEx	151.70%	195.60%	190.11%	290.36%	192.08%	369.75%	198.76%	289.72%	262.92%	294.34%	250.68%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.22	0.21	0.22	0.22	0.22	0.22	0.23	0.25	0.27	0.27	0.27
Accounts Receivable Turnover	10.76	9.76	10.95	11.92	11.22	8.95	9.41	10.25	12.61	11.13	11.52
Inventory Turnover	9.14	8.83	8.93	9.50	9.24	9.25	9.33	11.58	15.28	16.21	16.60
Fixed Asset Turnover	0.41	0.40	0.41	0.42	0.42	0.42	0.44	0.48	0.53	0.54	0.54
Accounts Payable Turnover	4.43	3.46	3.63	4.48	4.86	3.81	3.97	5.15	7.87	7.17	7.03
Days Sales Outstanding (DSO)	33.91	37.39	33.33	30.62	32.53	40.80	38.80	35.63	28.96	32.80	31.68
Days Inventory Outstanding (DIO)	39.94	41.32	40.85	38.42	39.51	39.47	39.12	31.51	23.89	22.51	21.99
Days Payable Outstanding (DPO)	82.37	105.64	100.57	81.49	75.09	95.69	91.95	70.91	46.37	50.88	51.94
Cash Conversion Cycle (CCC)	-8.52	-26.92	-26.39	-12.45	-3.05	-15.43	-14.04	-3.77	6.47	4.44	1.73
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	57,102	56,241	56,123	55,954	56,205	56,388	55,198	55,627	55,917	55,970	56,015
Invested Capital Turnover	0.27	0.27	0.27	0.28	0.27	0.27	0.29	0.31	0.34	0.34	0.34
Increase / (Decrease) in Invested Capital	897	-147	925	327	288	418	-817	-75	-282	-1,050	-895
Enterprise Value (EV)	89,551	85,403	74,384	68,607	65,075	62,223	59,253	60,222	60,601	60,319	57,996
Market Capitalization	63,393	60,236	49,028	43,515	39,607	36,654	34,700	35,675	35,792	35,606	33,064
Book Value per Share	$13.77	$13.74	$13.70	$13.67	$13.68	$13.63	$13.58	$13.64	$13.68	$13.68	$13.65
Tangible Book Value per Share	$3.89	$3.91	$3.84	$3.78	$3.77	$3.70	$3.88	$3.97	$4.03	$3.99	$3.96
Total Capital	64,935	63,757	63,777	63,405	63,889	63,845	62,582	63,301	63,620	63,902	63,876
Total Debt	33,009	31,890	32,031	31,711	32,146	32,116	31,001	31,392	31,506	31,788	31,741
Total Long-Term Debt	29,965	29,881	30,047	28,649	30,171	28,067	27,871	28,632	29,346	28,403	29,107
Net Debt	24,837	23,831	24,016	23,736	24,097	24,146	23,230	23,207	23,452	23,341	23,553
Capital Expenditures (CapEx)	766	772	657	581	619	628	647	535	507	477	365
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-450	-785	-703	-830	-436	-726	-785	-645	-357	-536	-418
Debt-free Net Working Capital (DFNWC)	-155	-571	-570	-706	-293	-630	-688	-125	81	258	305
Net Working Capital (NWC)	-3,199	-2,580	-2,554	-3,768	-2,268	-4,679	-3,818	-2,885	-2,079	-3,127	-2,329
Net Nonoperating Expense (NNE)	173	169	214	210	190	208	189	198	231	166	165
Net Nonoperating Obligations (NNO)	25,176	24,374	24,377	24,260	24,462	24,659	23,617	23,718	23,803	23,856	23,880
Total Depreciation and Amortization (D&A)	610	596	587	584	587	567	561	557	565	554	551
Debt-free, Cash-free Net Working Capital to Revenue	-2.90%	-5.20%	-4.64%	-5.40%	-2.85%	-4.73%	-4.94%	-3.76%	-1.90%	-2.79%	-2.19%
Debt-free Net Working Capital to Revenue	-1.00%	-3.78%	-3.76%	-4.60%	-1.92%	-4.11%	-4.33%	-0.73%	0.43%	1.34%	1.60%
Net Working Capital to Revenue	-20.64%	-17.09%	-16.86%	-24.53%	-14.84%	-30.51%	-24.05%	-16.83%	-11.06%	-16.29%	-12.23%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.32	$0.30	$0.28	$0.26	$0.33	$0.26	$0.24	$0.26	$0.30	$0.30	$0.25
Adjusted Weighted Average Basic Shares Outstanding	2.22B	2.22B	2.22B	2.22B	2.22B	2.23B	2.23B	2.24B	2.25B	2.26B	2.25B
Adjusted Diluted Earnings per Share	$0.32	$0.30	$0.28	$0.26	$0.33	$0.26	$0.24	$0.26	$0.30	$0.30	$0.25
Adjusted Weighted Average Diluted Shares Outstanding	2.22B	2.22B	2.22B	2.22B	2.22B	2.23B	2.23B	2.24B	2.25B	2.26B	2.25B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	2.22B	2.22B	2.22B	2.22B	2.22B	2.22B	2.22B	2.23B	2.24B	2.25B	2.25B
Normalized Net Operating Profit after Tax (NOPAT)	916	863	866	776	938	826	741	797	934	859	753
Normalized NOPAT Margin	21.59%	21.65%	23.40%	21.73%	24.40%	20.45%	18.97%	22.78%	24.01%	18.75%	14.54%
Pre Tax Income Margin	21.91%	22.35%	20.65%	21.56%	25.56%	20.41%	17.92%	22.22%	23.12%	19.46%	14.08%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	101.26%	99.67%	102.08%	105.53%	105.01%	107.80%	104.57%	102.42%	100.00%	99.81%	100.43%
Augmented Payout Ratio	101.26%	99.93%	107.34%	113.85%	121.28%	128.80%	121.16%	122.11%	118.15%	113.83%	113.30%

Frequently Asked Questions About Kinder Morgan's Financials

When does Kinder Morgan's fiscal year end?

According to the most recent income statement we have on file, Kinder Morgan's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Kinder Morgan's net income changed over the last 9 years?

Kinder Morgan's net income appears to be on an upward trend, with a most recent value of $2.72 billion in 2024, rising from $208 million in 2015. The previous period was $2.49 billion in 2023. View Kinder Morgan's forecast to see where analysts expect Kinder Morgan to go next.

What is Kinder Morgan's operating income?

Kinder Morgan's total operating income in 2024 was $4.38 billion, based on the following breakdown:

Total Gross Profit: $10.33 billion
Total Operating Expenses: $5.95 billion

How has Kinder Morgan revenue changed over the last 9 years?

Over the last 9 years, Kinder Morgan's total revenue changed from $14.40 billion in 2015 to $15.10 billion in 2024, a change of 4.8%.

How much debt does Kinder Morgan have?

Kinder Morgan's total liabilities were at $39.54 billion at the end of 2024, a 0.6% increase from 2023, and a 18.8% decrease since 2015.

How much cash does Kinder Morgan have?

In the past 9 years, Kinder Morgan's cash and equivalents has ranged from $83 million in 2023 to $3.28 billion in 2018, and is currently $88 million as of their latest financial filing in 2024.

How has Kinder Morgan's book value per share changed over the last 9 years?

Over the last 9 years, Kinder Morgan's book value per share changed from 15.74 in 2015 to 13.74 in 2024, a change of -12.7%.

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This page (NYSE:KMI) was last updated on 5/21/2025 by MarketBeat.com Staff

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Kinder Morgan (KMI) Financials

Frequently Asked Questions About Kinder Morgan's Financials

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Frequently Asked Questions About Kinder Morgan's Financials

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