Kinder Morgan (KMI) Financials

$26.32 -0.89 (-3.27%)

As of 03:59 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	227	552	27	1,481	2,190	119	1,784	2,548	2,391	2,613
Consolidated Net Income / (Loss)	208	721	223	1,919	2,239	180	1,850	2,625	2,486	2,720
Net Income / (Loss) Continuing Operations	208	721	223	1,919	2,239	180	1,850	2,625	2,486	2,720
Total Pre-Tax Income	772	1,638	2,161	2,506	3,165	661	2,219	3,335	3,201	3,407
Total Operating Income	2,447	3,538	3,529	3,794	4,873	1,560	2,916	4,065	4,263	4,384
Total Gross Profit	9,905	9,208	8,962	9,378	9,520	8,777	9,691	9,504	9,975	10,330
Total Revenue	14,403	13,058	13,705	14,144	13,209	11,700	16,610	19,200	15,334	15,100
Operating Revenue	11,129	13,058	13,705	14,144	13,209	11,700	16,610	19,200	15,334	15,100
Total Cost of Revenue	4,498	3,850	4,743	4,766	3,689	2,923	6,919	9,696	5,359	4,770
Operating Cost of Revenue	4,059	3,429	4,345	4,421	3,263	2,545	6,493	9,255	4,938	4,337
Other Cost of Revenue	439	421	398	345	426	378	426	441	421	433
Total Operating Expenses	7,458	5,670	5,433	5,584	4,647	7,217	6,775	5,439	5,712	5,946
Selling, General & Admin Expense	3,083	3,075	3,160	3,123	3,181	3,123	3,023	3,292	3,475	3,684
Depreciation Expense	2,309	2,209	2,261	2,297	2,411	2,164	2,135	2,186	2,250	2,354
Other Operating Expenses / (Income)	-3.00	-1.00	-1.00	-3.00	-3.00	-2.00	-7.00	-39	-13	-92
Total Other Income / (Expense), net	-1,675	-1,900	-1,368	-1,288	-1,708	-899	-697	-730	-1,062	-977
Interest & Investment Income	384	-113	-1,404	-1,300	-1,700	-815	-901	-710	-959	-954
Other Income / (Expense), net	-8.00	19	36	12	-8.00	-84	204	-20	-103	-23
Income Tax Expense	564	917	1,938	587	926	481	369	710	715	687
Net Income / (Loss) Attributable to Noncontrolling Interest	-45	13	40	310	49	61	66	77	95	107
Basic Earnings per Share	$0.10	$0.25	$0.01	$0.66	$0.96	$0.05	$0.78	$1.12	$1.06	$1.17
Weighted Average Basic Shares Outstanding	2.19B	2.23B	2.23B	2.22B	2.26B	2.26B	2.27B	2.26B	2.23B	2.22B
Diluted Earnings per Share	$0.10	$0.25	$0.01	$0.66	$0.96	$0.05	$0.78	$1.12	$1.06	$1.17
Weighted Average Diluted Shares Outstanding	2.19B	2.23B	2.23B	2.22B	2.26B	2.26B	2.27B	2.26B	2.23B	2.22B
Weighted Average Basic & Diluted Shares Outstanding	2.27B	2.23B	2.23B	2.22B	2.26B	2.26B	2.27B	2.25B	2.22B	2.22B
Cash Dividends to Common per Share	$1.61	$0.50	$0.50	$0.80	$0.95	$1.04	$1.07	$1.10	$1.13	$1.15

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About Kinder Morgan's Financials

When does Kinder Morgan's financial year end?

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

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 4/30/2025 by MarketBeat.com Staff

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Kinder Morgan (KMI) Financials

Frequently Asked Questions About Kinder Morgan's Financials

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Kinder Morgan (KMI) Financials

Annual Income Statements for Kinder Morgan

Quarterly Income Statements for Kinder Morgan

Annual Cash Flow Statements for Kinder Morgan

Quarterly Cash Flow Statements for Kinder Morgan

Annual Balance Sheets for Kinder Morgan

Quarterly Balance Sheets for Kinder Morgan

Annual Metrics and Ratios for Kinder Morgan

Quarterly Metrics and Ratios for Kinder Morgan

Frequently Asked Questions About Kinder Morgan's Financials

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