KINDER MORGAN (EP-PC) Financials
Newest figures come from the filing for Q3 FY2026, filed Oct 23, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the EP-PC SEC filings page.
KINDER MORGAN, INC. (EP-PC) reported $18.3B in revenue over the twelve months to Sep 30, 2026, up 11.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings.
Profit is growing, but rising capital spending absorbs more cash, making reported earnings less representative of cash available for distributions.
From FY2023 to FY2025, net income rose27.8% while operating cash flow fell8.8% , showing cash conversion is weakening. Over the same span, capital spending rose30.6% and free cash flow fell30.7% , indicating that reinvestment—not weaker accounting earnings—is absorbing internally generated cash.
Liabilities are a structural funding source: they were
Revenue grew
Financial Health Signals
We do not publish a peer-relative financial health score for KINDER MORGAN, INC., because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
KINDER MORGAN, INC. passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
For every $1 of reported earnings, KINDER MORGAN, INC. generates $1.94 in operating cash flow ($5.9B OCF vs $3.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
KINDER MORGAN, INC. earns $2.62 in operating income for every $1 of interest expense ($4.7B vs $1.8B). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
KINDER MORGAN, INC. generated $4.5B in revenue in Q3 2026. This represents an increase of 9.3% from the same quarter a year earlier. Against the prior quarter it is up 1.2%.
KINDER MORGAN, INC.'s EBITDA was $1.8B in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 6.9% from the same quarter a year earlier. Against the prior quarter it is down 9.1%.
KINDER MORGAN, INC. reported $764.0M in net income in Q3 2026. This represents an increase of 21.7% from the same quarter a year earlier. Against the prior quarter it is down 11.9%.
KINDER MORGAN, INC. earned $0.34 per diluted share (EPS) in Q3 2026. This represents an increase of 21.4% from the same quarter a year earlier. Against the prior quarter it is down 12.8%.
Cash & Balance Sheet
KINDER MORGAN, INC. generated $545.0M in free cash flow in Q3 2026, representing cash available after capex. This represents a decrease of 12.2% from the same quarter a year earlier. Against the prior quarter it is down 44.3%.
KINDER MORGAN, INC. held $918.0M in cash against $31.3B in long-term debt as of Q3 2026.
KINDER MORGAN, INC. paid $0.30 per share in dividends in Q3 2026. This represents an increase of 1.7% from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
KINDER MORGAN, INC.'s margin after cost of revenue was 65.4% in Q3 2026, which is the share of revenue left once the cost of revenue line on its income statement is paid for. The company reports other direct costs on their own lines below it, so the figure reads higher than a gross margin that counted them would. This is down 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.2 percentage points.
KINDER MORGAN, INC.'s operating margin was 25.6% in Q3 2026, reflecting core business profitability. That is unchanged from the same quarter a year earlier. Against the prior quarter it is down 4.5 percentage points.
KINDER MORGAN, INC.'s net profit margin was 16.9% in Q3 2026, showing the share of revenue converted to profit. This is up 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.5 percentage points.
KINDER MORGAN, INC.'s quarterly ROE was 2.4% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is up 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.3 percentage points.
Capital Allocation
KINDER MORGAN, INC. invested $1.0B in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 31.8% from the same quarter a year earlier. Against the prior quarter it is up 6.4%.
Not reported for Q3 2026.
Not reported for Q3 2026.
EP-PC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'26Filing | Q2'26Filing | Q1'26Filing | Q4'25Filing | Q3'25Filing | Q2'25Filing | Q1'25Filing | Q4'24Filing |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.5B+9.3% | $4.5B+10.8% | $4.8B+13.8% | $4.5B+13.1% | $4.1B+12.1% | $4.0B+13.2% | $4.2B+10.4% | $4.0B-1.3% |
| Cost of Revenue | $1.6B+12.3% | $1.4B+16.0% | $1.7B+18.5% | $1.4B+16.8% | $1.4B+36.2% | $1.2B+25.2% | $1.5B+33.3% | $1.2B-8.0% |
| Revenue Less Cost of Revenue | $3.0B+7.8% | $3.1B+8.5% | $3.1B+11.4% | $3.1B+11.4% | $2.8B+2.8% | $2.8B+8.7% | $2.8B+1.1% | $2.7B+2.1% |
| SG&A Expenses | $190.0M+3.8% | $192.0M+2.1% | $184.0M-1.6% | $186.0M+2.2% | $183.0M+4.0% | $188.0M+5.0% | $187.0M+6.9% | $182.0M+6.4% |
| Operating Income | $1.2B+9.1% | $1.3B+16.8% | $1.4B+26.1% | $1.4B+23.1% | $1.1B+4.7% | $1.2B+11.0% | $1.1B-6.4% | $1.1B+0.6% |
| EBITDA | $1.8B+6.9% | $2.0B+11.2% | $2.1B+18.3% | $2.0B+16.3% | $1.7B+4.4% | $1.8B+9.0% | $1.8B-3.0% | $1.7B+2.2% |
| Interest Expense | $430.0M-5.7% | $425.0M-6.0% | $430.0M-4.7% | $442.0M0.0% | $456.0M-2.1% | $452.0M-2.6% | $451.0M-4.4% | $442.0M-2.2% |
| Income Tax | $190.0M+2.7% | $272.0M+53.7% | $287.0M+54.3% | $284.0M+44.2% | $185.0M+63.7% | $177.0M+5.4% | $186.0M-11.0% | $197.0M-4.4% |
| Net Income | $764.0M+21.7% | $867.0M+21.3% | $976.0M+36.1% | $996.0M+49.3% | $628.0M+0.5% | $715.0M+24.3% | $717.0M-3.9% | $667.0M+12.3% |
| EPS (Basic) | $0.34+21.4% | $0.39+21.9% | $0.44+37.5% | $0.45+50.0% | $0.280.0% | $0.32+23.1% | $0.32-3.0% | $0.30+15.4% |
| EPS (Diluted) | $0.34+21.4% | $0.39+21.9% | $0.44+37.5% | $0.45+50.0% | $0.280.0% | $0.32+23.1% | $0.32-3.0% | $0.30+15.4% |
| Diluted Shares (Avg) | 2.23B+0.1% | 2.23B+0.1% | 2.23B+0.1% | N/A | 2.22B+0.1% | 2.22B+0.1% | 2.22B+0.1% | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
EP-PC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'26Filing | Q2'26Filing | Q1'26Filing | Q4'25Filing | Q3'25Filing | Q2'25Filing | Q1'25Filing | Q4'24Filing |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $75.4B+4.3% | $74.1B+2.3% | $73.1B+1.0% | $72.7B+1.9% | $72.3B+2.0% | $72.4B+2.4% | $72.3B+2.2% | $71.4B+0.5% |
| Current Assets | $3.5B+43.0% | $2.6B+4.1% | $2.7B+5.0% | $2.8B+9.2% | $2.4B+11.4% | $2.5B+13.5% | $2.6B+11.8% | $2.5B-0.8% |
| Cash & Equivalents | $918.0M+1193.0% | $89.0M+8.5% | $72.0M-10.0% | $63.0M-28.4% | $71.0M-34.3% | $82.0M-16.3% | $80.0M-32.8% | $88.0M+6.0% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | $621.0M+10.9% | $565.0M+0.9% | $593.0M+2.8% | $574.0M+3.4% | $560.0M+6.5% | $560.0M+4.3% | $577.0M+5.3% | $555.0M+5.7% |
| Long-Term Investments | $7.8B+1.1% | $7.7B-1.9% | $7.7B-2.9% | $7.5B-4.0% | $7.7B-1.7% | $7.9B0.0% | $7.9B-0.4% | $7.8B-0.4% |
| Goodwill | $20.1B0.0% | $20.1B0.0% | $20.1B0.0% | $20.1B0.0% | $20.1B0.0% | $20.1B0.0% | $20.1B0.0% | $20.1B-0.2% |
| Total Liabilities | $42.6B+5.7% | $41.2B+2.2% | $40.5B+0.2% | $40.3B+1.9% | $40.3B+2.9% | $40.3B+3.3% | $40.4B+3.6% | $39.5B+0.6% |
| Current Liabilities | $5.2B+34.7% | $5.6B+55.4% | $5.2B-10.3% | $4.3B-15.3% | $3.8B-18.7% | $3.6B-39.0% | $5.8B+26.3% | $5.1B-29.4% |
| Non-Current Liabilities | $37.4B+2.6% | $35.5B-3.1% | $35.3B+2.0% | $36.0B+4.5% | $36.4B+5.9% | $36.7B+10.9% | $34.6B+0.6% | $34.4B+7.4% |
| Long-Term Debt | $31.3B-0.5% | $29.8B-6.5% | $29.9B-0.3% | $30.8B+3.0% | $31.5B+4.8% | $31.9B+11.2% | $30.0B-0.7% | $29.9B+6.5% |
| Total Equity | $31.6B+2.8% | $31.6B+2.8% | $31.3B+2.3% | $31.2B+2.1% | $30.7B+1.1% | $30.8B+1.4% | $30.6B+0.8% | $30.5B+0.7% |
| Retained Earnings | -$9.6Bn/m | -$9.7Bn/m | -$9.9Bn/m | -$10.2Bn/m | -$10.5Bn/m | -$10.5Bn/m | -$10.6Bn/m | -$10.6Bn/m |
Not reported in any period shown, so not listed: Accounts Receivable.
EP-PC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'26Filing | Q2'26Filing | Q1'26Filing | Q4'25Filing | Q3'25Filing | Q2'25Filing | Q1'25Filing | Q4'24Filing |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.6B+12.4% | $2.0B+18.9% | $1.5B+28.3% | $1.7B+12.1% | $1.4B+13.2% | $1.6B-2.3% | $1.2B-2.3% | $1.5B-35.0% |
| Depreciation & Amortization | $628.0M+3.1% | $620.0M+0.6% | $633.0M+3.8% | $618.0M+3.7% | $609.0M+3.7% | $616.0M+5.5% | $610.0M+3.9% | $596.0M+5.1% |
| Capital Expenditures | $1.0B+31.8% | $982.0M+51.8% | $804.0M+5.0% | $820.0M+6.2% | $793.0M+20.7% | $647.0M+11.4% | $766.0M+23.7% | $772.0M+22.9% |
| Free Cash Flow | $545.0M-12.2% | $978.0M-2.4% | $687.0M+73.5% | $872.0M+18.2% | $621.0M+4.9% | $1.0B-9.4% | $396.0M-30.5% | $738.0M-56.4% |
| Investing Cash Flow | -$1.0Bn/m | -$1.6Bn/m | -$803.0Mn/m | -$477.0Mn/m | -$663.0Mn/m | -$625.0Mn/m | -$1.4Bn/m | -$771.0Mn/m |
| Financing Cash Flow | $260.0Mn/m | -$469.0Mn/m | -$617.0M-285.3% | -$1.2Bn/m | -$815.0Mn/m | -$1.1Bn/m | $333.0Mn/m | -$657.0M-652.1% |
| Dividends Paid | $665.0M+1.7% | $665.0M+1.7% | $654.0M+1.9% | $654.0M+1.9% | $654.0M+1.7% | $654.0M+2.0% | $642.0M+1.7% | $642.0M+1.7% |
| Share Buybacks | N/A | N/A | N/A | $0n/m | $0n/m | $0n/m | $0-100.0% | $0-100.0% |
Not reported in any period shown, so not listed: Stock-Based Compensation.
EP-PC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'26Filing | Q2'26Filing | Q1'26Filing | Q4'25Filing | Q3'25Filing | Q2'25Filing | Q1'25Filing | Q4'24Filing |
|---|---|---|---|---|---|---|---|---|
| Margin After Cost of Revenue | 65.4%-0.9pp | 68.6%-1.4pp | 63.8%-1.4pp | 67.9%-1.0pp | 66.3%-6.0pp | 70.0%-2.9pp | 65.2%-6.0pp | 68.9%+2.3pp |
| Operating Margin | 25.6%0.0pp | 30.1%+1.6pp | 29.9%+2.9pp | 30.3%+2.5pp | 25.6%-1.8pp | 28.5%-0.6pp | 27.0%-4.8pp | 27.8%+0.5pp |
| Net Margin | 16.9%+1.7pp | 19.4%+1.7pp | 20.2%+3.3pp | 22.1%+5.4pp | 15.2%-1.8pp | 17.7%+1.6pp | 16.9%-2.5pp | 16.7%+2.0pp |
| Return on Equity | 2.4%+0.4pp | 2.7%+0.4pp | 3.1%+0.8pp | 3.2%+1.0pp | 2.0%0.0pp | 2.3%+0.4pp | 2.3%-0.1pp | 2.2%+0.2pp |
| Return on Assets | 1.0%+0.1pp | 1.2%+0.2pp | 1.3%+0.3pp | 1.4%+0.4pp | 0.9%0.0pp | 1.0%+0.2pp | 1.0%-0.1pp | 0.9%+0.1pp |
| Current Ratio | 0.670.0x | 0.46-0.2x | 0.52+0.1x | 0.64+0.1x | 0.63+0.2x | 0.68+0.3x | 0.45-0.1x | 0.49+0.1x |
| Debt-to-Equity | 0.990.0x | 0.94-0.1x | 0.950.0x | 0.990.0x | 1.020.0x | 1.04+0.1x | 0.980.0x | 0.98+0.1x |
| Liabilities-to-Equity | 1.350.0x | 1.300.0x | 1.290.0x | 1.290.0x | 1.310.0x | 1.310.0x | 1.320.0x | 1.300.0x |
| Asset Turnover | 0.060.0x | 0.060.0x | 0.070.0x | 0.060.0x | 0.060.0x | 0.060.0x | 0.060.0x | 0.060.0x |
| FCF Margin | 12.0%-2.9pp | 21.8%-2.9pp | 14.2%+4.9pp | 19.3%+0.8pp | 15.0%-1.0pp | 24.8%-6.2pp | 9.3%-5.5pp | 18.5%-23.4pp |
Note: The current ratio is below 1.0 (0.64), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where KINDER MORGAN, INC. Ranks
Frequently Asked Questions
KINDER MORGAN, INC. (EP-PC) reported $16.9B in total revenue for fiscal year 2025. This represents a 12.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
KINDER MORGAN, INC. (EP-PC) revenue grew by 12.2% year-over-year, from $15.1B to $16.9B in fiscal year 2025.
Yes, KINDER MORGAN, INC. (EP-PC) reported a net income of $3.6B over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net income of $3.1B, with a net profit margin of 18.0%.
KINDER MORGAN, INC. (EP-PC) had EBITDA of $7.2B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, KINDER MORGAN, INC. (EP-PC) had $63.0M in cash and equivalents against $30.8B in long-term debt.
KINDER MORGAN, INC. (EP-PC) had a margin after cost of revenue of 67.4% in fiscal year 2025, which is the share of revenue left once the cost of revenue line on its income statement is paid for. The company reports other direct costs on their own lines below it, so the figure reads higher than a gross margin that counted them would.
KINDER MORGAN, INC. (EP-PC) had an operating margin of 27.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
KINDER MORGAN, INC. (EP-PC) had a net profit margin of 18.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Yes, KINDER MORGAN, INC. (EP-PC) paid $1.17 per share in dividends during fiscal year 2025.
KINDER MORGAN, INC. (EP-PC) has a return on equity of 9.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
KINDER MORGAN, INC. (EP-PC) generated $2.9B in free cash flow during fiscal year 2025. This represents a -3.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
KINDER MORGAN, INC. (EP-PC) generated $5.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
KINDER MORGAN, INC. (EP-PC) had $72.7B in total assets as of fiscal year 2025, including both current and long-term assets.
KINDER MORGAN, INC. (EP-PC) invested $3.0B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
KINDER MORGAN, INC. (EP-PC) had a current ratio of 0.64 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
KINDER MORGAN, INC. (EP-PC) had a debt-to-equity ratio of 0.99 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
KINDER MORGAN, INC. (EP-PC) had a liabilities-to-equity ratio of 1.29 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
KINDER MORGAN, INC. (EP-PC) had a return on assets of 4.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
KINDER MORGAN, INC. (EP-PC) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving margin after cost of revenue, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
KINDER MORGAN, INC. (EP-PC) has an earnings quality ratio of 1.94x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
KINDER MORGAN, INC. (EP-PC) has an interest coverage ratio of 2.62x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.