KMI - NYSE
Kinder Morgan, Inc.
$31.37
-0.22%Kinder Morgan, Inc. operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities. The Products Pipelines segment owns and operates refined petroleum products, and crude oil and condensate pipelines; and associated product terminals and petroleum pipeline transmix facilities. The Terminals segment owns and/or operates liquids and bulk terminals that stores and handles various commodities, including gasoline, diesel fuel, chemicals, ethanol, metals, and petroleum coke; and owns tankers. The CO2 segment produces, transports, and markets CO2 to recovery and production crude oil from mature oil fields; owns interests in/or operates oil fields and gasoline processing plants; and operates a crude oil pipeline system in West Texas, as well as owns and operates RNG and LNG facilities. It owns and operates approximately 83,000 miles of pipelines and 143 terminals. The company was formerly known as Kinder Morgan Holdco LLC and changed its name to Kinder Morgan, Inc. in February 2011. Kinder Morgan, Inc. was founded in 1936 and is headquartered in Houston, Texas.
At a Glance
Live SnapshotKinder Morgan, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
CapEx Intensity
Capital-intensive operations require significant reinvestment. Monitor whether CapEx is maintenance or growth-oriented.
FCF Growth Trend
Steady FCF growth indicates consistent cash generation improvement. On a positive trajectory.
Working Capital Impact
Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.
Cash Flow Quality Insight
Solid cash generation: Positive free cash flow with reasonable earnings quality provides financial flexibility for growth investments, debt reduction, or shareholder returns.
Kinder Morgan, Inc. Cash Flow Statement
KMI • NYSE
| Kinder Morgan, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | |||||||||||||||||
3B | 2.7B | 2.5B | 2.6B | 1.9B | 623M | 2.2B | 1.6B | 223M | 721M | 208M | 2.4B | 2.7B | 427M | 660M | 300.3M | 772.8M | |
2.5B | 2.4B | 2.3B | 2.3B | 2.1B | 2.2B | 2.4B | 2.3B | 2.3B | 2.2B | 2.3B | 2B | 1.8B | 1.4B | 1.1B | 1.1B | 1.1B | |
780M | 647M | 710M | 692M | 355M | 345M | 717M | 405M | 2.1B | 1.1B | 692M | 615M | 640M | 47M | 84.2M | 1.9M | 60.6M | |
0.0 | 0.0 | 63M | 60M | 59M | 73M | 62M | 63M | 65M | 66M | 52M | 51M | 35M | 87M | 0.0 | 0.0 | 0.0 | |
197M | -10M | -213M | -413M | 1.5B | 1.3B | -382M | 270M | -19M | 765M | 1.5B | 153M | 750M | 1.1B | 214.1M | 537.7M | 145M | |
(0.0) | (33M) | (11M) | (13M) | (10M) | (227M) | (372M) | (0.0) | (0.0) | (4M) | (0.0) | (227M) | (67M) | (182M) | (277M) | (147M) | (401.1M) | |
-223M | -76M | 1.2B | -258M | -218M | 31M | -250M | 399M | -2M | -90M | 486M | -835M | -302M | -315M | 314.9M | -7.7M | -461.1M | |
6.2B | 5.6B | 6.5B | 5B | 5.7B | 4.6B | 4.7B | 5B | 4.6B | 4.8B | 5.3B | 4.5B | 4.1B | 2.8B | 2.4B | 1.9B | 1.6B | |
INVESTING ACTIVITIES | |||||||||||||||||
-3B | -2.6B | -2.3B | -1.6B | -1.3B | -1.7B | -2.3B | -2.9B | -3.2B | -2.9B | -3.9B | -3.6B | -3.4B | -2B | -1.2B | -1B | -1.3B | |
-648M | -62M | -1.8B | -487M | -1.5B | (1.1B) | (1.5B) | (3.1B) | -4M | (1.4B) | -2.1B | -1.4B | -292M | -3.2B | (23.3M) | (49.3M) | (47.9M) | |
-178M | -121M | -212M | -229M | -38M | -386M | -1.3B | -433M | -684M | -408M | -96M | -389M | -217M | -192M | -1.3B | -1.3B | -2.1B | |
382M | 0.0 | 0.0 | 0.0 | -206M | -1.1B | 1.5B | 124M | 496M | 561M | 2.3B | 1.6B | 266M | 354M | 236.4M | 224.5M | 125.7M | |
-39M | 183M | 193M | 162M | 767M | 1.2B | -1.2B | 43M | 18M | -377M | -1.9B | -1.4B | 548M | -45M | -109.5M | -298M | -275M | |
-3.5B | -2.6B | -4.2B | -2.2B | -2.3B | -911M | -1.7B | -68M | -3.4B | -1.7B | -5.7B | -5.2B | -3.1B | -5.1B | -2.4B | -2.3B | -3.5B | |
FINANCING ACTIVITIES | |||||||||||||||||
0.0 | -7M | -522M | -368M | 0.0 | -50M | -2M | -273M | -250M | 0.0 | 3.9B | -192M | -637M | 0.0 | 0.0 | 0.0 | 0.0 | |
-57M | -116M | 234M | -677M | -899M | -108M | -3.2B | 160M | -2.2B | -1.4B | -800M | 6.8B | 1.2B | 3.4B | 779M | 1.5B | 2.2B | |
-2.6B | -2.6B | -2.5B | -2.5B | -2.4B | -2.4B | -2.2B | -1.8B | -1.3B | -1.3B | -4.2B | -1.8B | -1.6B | -1.2B | -769.6M | -700M | -650M | |
(0.0) | -7M | -522M | -368M | (0.0) | -50M | -2M | -273M | -250M | (0.0) | (0.0) | -192M | -637M | -157M | (0.0) | (0.0) | (0.0) | |
-182M | -207M | -197M | 404M | -123M | -118M | -822M | 63M | 2B | 74M | -70M | -4.3B | -24M | 375M | -66.4M | -121.4M | -766.6M | |
-2.8B | -2.9B | -3B | -3.1B | -3.5B | -2.6B | -6.2B | -1.8B | -1.7B | -2.6B | 327M | 471M | -1.1B | 2.6B | -57M | 710.6M | 1.9B | |
CASH FLOW SUMMARY | |||||||||||||||||
0.0 | -1M | 0.0 | 0.0 | 0.0 | -1M | 29M | -146M | 22M | 2M | -10M | -11M | -21M | 8M | -7.6M | 2.3M | 6M | |
-105M | 118M | -698M | -353M | -62M | 1B | -3.1B | 3B | -420M | 455M | -86M | -283M | -116M | 303M | -91M | 336.8M | 47M | |
214M | 96M | 794M | 1.1B | 1.2B | 209M | 3.3B | 326M | 684M | 229M | 315M | 598M | 714M | 411M | 502.4M | 165.6M | 118.6M | |
109M | 214M | 96M | 794M | 1.1B | 1.2B | 209M | 3.3B | 264M | 684M | 229M | 315M | 598M | 714M | 411.4M | 502.4M | 165.6M | |
3.2B | 3B | 4.1B | 3.3B | 4.4B | 2.8B | 2.5B | 2.1B | 1.4B | 1.9B | 1.4B | 850M | 695M | 773M | 1.2B | 908.5M | 263.2M |
SEC Filings
KMI - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 28, 2026 | May 21, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 19, 2026 | May 13, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 15, 2026 | May 14, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 27, 2026 | April 24, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 24, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 22, 2026 | April 22, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 02, 2026 | May 13, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 23, 2026 | February 20, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 13, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | January 29, 2026 | January 28, 2026 | 2026 |
Related Guides
Continue your KMI research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.