The financials
Kinder Morgan by the numbers
Kinder Morgan (KMI) reported revenue of $4.48B in Q2 2026 (quarter ended June 30, 2026), up 11% from the same quarter a year earlier. That came with a gross margin of 69% and net income of $867M (19% of revenue). For the full year FY2025, revenue was $16.9B (+12% year on year) and net income $3.06B. Its largest product in 2026-Q2 was Total Services at $1.42B, 36% of the disclosed total, just ahead of Firm Services at 27%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $4.48B | $4.04B | +11% |
| Gross profit | $3.07B | $2.83B | +8.5% |
| Operating income | $1.35B | $1.15B | +17% |
| Net income | $867M | $715M | +21% |
| Diluted EPS | $0.39 | $0.32 | +22% |
| Product | Revenue | Share |
|---|---|---|
| Total Services | $1.42B | 36% |
| Firm Services | $1.08B | 27% |
| Natural Gas Sales | $799M | 20% |
| Feebasedservices | $343M | 8.7% |
| Product Other Than Natural Gas | $287M | 7.3% |
| Other Commodity | $1.0M | 0.0% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $3.93B (-15%)
Product Other Than Natural Gas grew +36% year on yearOther Commodity -86% year on year
Segment Latestquarter on quarteryear on year
- Total Services$1.42B$1.42BQoQ -3.8%year on year +9.4%-3.8%+9.4%
- Firm Services$1.08B$1.08BQoQ -6.0%year on year +5.9%-6.0%+5.9%
- Natural Gas Sales$799.0M$799.0MQoQ -44%year on year -8.2%-44%-8.2%
- Feebasedservices$343.0M$343.0MQoQ +3.9%year on year +22%+3.9%+22%
- Product Other Than Natural Gas$287.0M$287.0MQoQ +33%year on year +36%+33%+36%
- Other Commodity$1.0M$1.0MQoQ -94%year on year -86%-94%-86%
Oil & Gas Midstream
Ranks #8 of 27 by Smart Score