KMIKinder Morgan
Price
+30%1YEnd-of-day closes, not the intraday tick.
More going right than wrong
Quality strong, nothing alarming, price roughly fair, growing in the filings, the market undecided.
We are one of the largest energy infrastructure companies in North America. As of December 31, 2025, we owned an interest in or operated approximately 78,000 miles of pipelines, 136 terminals, approximately 706 Bcf of working natural gas storage capacity, and RNG generation capacity of approximately 6.9 Bcf per year of gross production. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2, renewable fuels, and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, jet fuel, chemicals, petroleum coke, metals, and ethanol and other renewable fuels and feedstocks.
In the company’s own words · 10-K filed Feb 13, 2026 · SEC EDGAR
Charts
As reported to the SEC, without any scoring.
Kinder Morgan (KMI) reported revenue of $4.48B in Q2 2026 (quarter ended Jun 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 Q2 2026 was Total Services at $1.42B, 36% of the disclosed total, ahead of Firm Services at 27%. The next results filing is expected around Jan 20, 2027, the same week as a year ago.
What the company said
The company's own words from its current reports to the SEC, newest first
- Oct 21, 2026Announces $5.4 Billion of Additions to Expansion Project Backlog.Earnings release · press release
- Aug 3, 2026On July 28, 2026, Kinder Morgan, Inc. (“KMI”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., CIBC World Markets Corp., PNC Capital Markets LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein …Other event · Form 8-K
- Jul 22, 2026Achieves Record Second Quarter Net Income and Adjusted EBITDA.Earnings release · press release
Quoted from SEC EDGAR filings. A current report is filed within four business days of the event it describes.
Business segments
Q2 2026 · $3.93BThe company’s own SEC segment disclosure.
- Total Services$1.42B36%
- Firm Services$1.08B27%
- Natural Gas Sales$799.0M20%
- Feebasedservices$343.0M9%
- Product Other Than Natural Gas$287.0M7%
- Other Commodity$1.0M0%
Why these answers
Each answer with the checks it was read from. Open one for the numbers.
Conflicts between checks are named, never averaged, and thin data says so.
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